Last month, the First Circuit Court of Appeals affirmed the Tax Court's decision in TBL Licensing LLC v. Commissioner holding that a reorganization resulting in the outbound transfer of intangible property (IP)...

As policymakers and practitioners analyze the proposals contained in the recently released Treasury Department Greenbook, it is also worth noting what proposals were not included in this important document.

In a surprising development, the IRS announced on September 14 that it would stop processing new claims for the employee retention credit (ERC). The ERC is a completely refundable employment tax credit that Congress...

With a pending government shutdown, many government contractors may be asking: What happens to my Government Accountability Office (GAO) bid protest if the government shuts down?

In response to Digital Services Taxes (DSTs) implemented in 2020 and 2021 by Austria, Spain, the United Kingdom, India, Italy, and Turkey, the Office of the United States Trade Representative (USTR) is seeking comments...

As the bipartisan traditional infrastructure package appears on track to pass the Senate and then be considered in the House after the August Congressional recess, tax policymakers will soon turn their complete focus...

Being asked to join the board of a portfolio company may initially seem an honor, but PE investment professionals and operating partners need to go into the role with their eyes open.

On November 6, 2023, the Department of Commerce's Bureau of Industry and Security (BIS) and the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN)...

The anticipated government shutdown was avoided by the surprise bipartisan continuing resolution (CR), the Continuing Appropriations Act, 2024 and Other Extensions Act...

With the House of Representative's narrow passage of the budget resolution the Senate had endorsed the week before, the prospect for passing significant tax provisions via the reconciliation process...

On October 4, Deputy Attorney General (DAG) Lisa O. Monaco delivered a speech at the Society of Corporate Compliance and Ethics 22nd Annual Compliance & Ethics Institute announcing...

This month, Treasury and the IRS released proposed regulations and Revenue Procedure 2023-33 to provide guidance for taxpayers electing to transfer credits under sections 25E...

Earlier this month, U.S. Customs and Border Protection (CBP) issued a notice of proposed rulemaking and request for comments that would change the rules for certain country of origin determinations for goods ...

On June 3, 2021, President Biden issued a memorandum declaring corruption as "a core United States national security interest" and directing interagency coordination to develop a presidential strategy to ...

While the House of Representatives sits idle as Republicans figure out who to elect as their next Speaker, Senate taxwriters are poring over the written responses to questions for the record (QFRs)...

Representative Mike Johnson (R-LA) was elected Speaker of the House of Representatives last week, winning the vote of every House Republican member and ending a three-week political power impasse.

Practical tips for multinational companies to prepare for challenging and evolving regulatory and enforcement landscape in the U.S. and China.

After much anticipation, the U.S. Department of the Treasury (Treasury) and the IRS have finally provided insight into what taxpayers should expect to see in proposed regulations addressing the capitalization...

The U.S. Department of Defense (DoD) issued a proposed rule last week that would modify 32 Code of Federal Regulations (CFR) Part 97, DoD's "Touhy regulation."

A recent ruling issued by U.S. Customs and Border Protection provides helpful insight into CBP's review of third-party audit reports in deciding whether to release goods that have been detained on grounds of suspected forced labor.