Now that the House of Representatives has a Speaker and the end of 2023 is fast approaching, eyes are again turning to the potential for a year-end tax package.

While the Speaker drama unfolds and we find ourselves in the middle of the third week of a paralyzed House, Tax Take turns its attention to some noteworthy international tax developments.

On August 9, 2021, the U.S. Department of State, Directorate of Defense Trade Controls (DDTC), announced a new consent agreement with Keysight Technologies, Inc.

The IRS recently implemented the voluntary certification program for professional employer organizations (PEOs) (discussed in a separate blog post).

his week, the U.S. District Court for the Eastern District of Kentucky has added to the tangle of decisions addressing the enforceability of individual arbitration clauses in plan documents and employment agreements.

As we previously reported, the IRS issued its long-awaited Strategic Operating Plan this past April for implementing the billions of dollars in additional funding provided by the Inflation Reduction Act...

Ultimately, the proposed regulations are helpful but continue to overlook some areas where further binding guidance in regulations would be helpful.

The White House recently issued a memorandum, titled "Increasing Opportunities for Domestic Sourcing and Reducing the Need for Waivers from Made in America Laws," which provides guidance to federal agencies on the...

In April, an importer filed a first-of-its-kind legal challenge to U.S. Customs and Border Protection's (CBP) enforcement of U.S. law prohibiting the importation of goods produced using forced labor.

The Federal Circuit heard argument on November 5 in the government's appeal in Wells Fargo.

The United States-Taiwan Expedited Double-Tax Relief Act, which is advancing to the full Senate, would provide an array of tax benefits on certain income earned by qualified residents of Taiwan from US investments or activities.

In June, U.S. Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) on silica-based products produced by Hoshine Silicon Industry Co. Ltd. (Hoshine) and its subsidiaries.

Through a flurry of guidance this summer, the IRS has finally implemented the long-anticipated voluntary certification program for professional employer organizations (PEOs).

by Alejandra Montenegro Almonte, William Barry and Maria Lapetina

The Departments of the Treasury, Labor, and Health and Human Services (collectively, the Departments) issued a Request for Information (RFI) on Friday seeking public comments on application...

The Federal Acquisition Regulation (FAR) Council published a proposed rule on July 30, 2021 to overhaul the regulations implementing the Buy American Act (BAA) in federal procurements.

In Chemoil Corp. v. United States, the court applied the economic substance doctrine to conclude that the taxpayer was not entitled to the alcohol fuel mixture credit under section 6426(b).

Continuing with recent policy updates (and with more analysis to come on today's M&A policy announcement), the U.S. Department of Justice (DOJ)...

On September 12, Treasury and the IRS released additional preliminary guidance on the CAMT. Among other items, Notice 2023-64 addresses rules for determining applicable financial statements (AFS)...

Earlier this year, the legislatures of Tennessee and Kentucky banned certain medical treatments for minors with gender dysphoria, which has been characterized by the American Psychiatric Association...