The New Dispute Resolution Panel: A Ray of Hope for Indian Taxpayers

We are sure that you're aware of Internal Revenue Code Section 409A, which altered the way employers are permitted to structure their deferred compensation plans. All nonqualified deferred compensation arrangements had to be amended to comply in form with and be operating in compliance with the Final Treasury Regulations by December 31, 2008. The consequences of a failure to comply are steep: a 20 percent excise tax and interest levied on the employee.

In the past few months, there have been developments in the European VAT courts that could have significant implications for businesses involved in M&A activity, as well as corporate groups in general.

State Tax Opportunities: Is There Green in Going Green?

A New Era in U.S. Withholding Tax and Foreign Account Reporting

What the country needs today is a Budget to mend the economy and a focus on cutting public spending at the right time. However, these measures do not go far enough.

Change in Estimate or Correction of an Error?

On 26 January, 2010, the IRS dropped a bombshell on US taxpayers with Announcement 2010-9, a new requirement which may have far reaching consequences for UK companies that file returns of subsidiaries or branches in the US. Additionally, US companies with UK subsidiaries may need to disclose uncertain UK tax positions on their US tax returns in specific circumstances. However, the international implications of the proposals were not addressed in the Announcement.

New York Corporate Tax Reform Proposals: Will You Be a Winner or a Loser?

Don't Get Left Out in the Cold: The FY 2011 Proposed Budget and Its Blizzard of Changes

Production Tax Credits: Credit Me for Generating Electricity with Renewable Energy Resources

UK Transfer pricing audits have been increasing steadily over the past decade. The trend is expected to continue in 2010, with some 1,000 outstanding cases at present related to UK transfer pricing. However, despite increased audit activity, the UK tax authorities are taking a measured approach to the selection of audits. This is encouraging for the many businesses that are making reasonable efforts to comply with the UK legislation.

HM Revenue & Customs (HMRC) has taken the unprecedented step of targeting medical professionals with another disclosure effort. This initiative follows the recent New Disclosure Opportunity (NDO), which was aimed at tax evasion relating to offshore bank accounts.

Section 199: 2010 Means More Bang for Your Domestic Production Buck

State Agencies Increase Audit Activity ... How to Manage the Audit Process