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Today's Tax News & Analysis Highlights

Tuesday, May 13, 2008

FEDERAL NEWS

  • IRS Loses Second Work Product Case
  • Supreme Court Will Not Review Decision Denying Federal Jurisdiction Over Tax Damages Suit
  • News Analysis: Penalty Scheme Up for Reappraisal
  • JCT Issues First Release on Revised Tax Expenditure Analysis
  • Reproposed Tangible Asset Regs Remain Controversial
  • IRS Official Raises Concerns About Requirement to Respond to Small Tax Cases

STATE NEWS

  • Arizona Group Begins Petition Drive to Raise Sales Tax for Transport Needs
  • Kansas Lawmakers Approve Vehicle Registration Tax Increase
  • Massachusetts Lawmakers Consider Tax on College Endowments
  • Tennessee Governor Defends Technical Corrections Bill
  • Virginia Governor Announces Transportation Funding Plan
  • Wisconsin Lawmakers Reach Budget Compromise

INTERNATIONAL NEWS

  • No Corporate Tax Cut for Northern Ireland, U.K. Prime Minister Says
  • Israeli Parliament Finance Committee Approves Changes to Trust Tax Regime
  • Belgium's Dividends Received Deduction Violates Parent-Subsidiary Directive, ECJ Advocate General Says
  • Key Knots to Untangle for a U.S. Add-On VAT
  • Isle of Man Disputes Tax Haven Label
  • Brazil's Central Bank Announces 2008 Deadline for Reporting Foreign Assets

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