http://www.us-tax-news.com/ The resource for free online US taxation information, covering: corporate tax, individual tax, international tax, expatriates, sales and e-commerce tax, investment tax. Mon, 28 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/China_To_Challenge_US_At_WTO____55623.html After recently attacking measures utilized in the United States to assist its renewable energy sector, the Chinese Ministry of Commerce has now also formally challenged US countervailing duties over 22 other categories of Chinese products, accusing it of abusing World Trade Organization rules. Mon, 28 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Pelosi_Urges_Permanent_US_Middle_Class_Tax_Cuts____55626.html The Democrat Party Leader in the United States House of Representatives, Nancy Pelosi, has called on its Republican Speaker John Boehner to bring a permanent extension of the Bush individual income tax cuts for those on middle incomes to the House floor immediately. Fri, 25 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/CBO_Warns_Of_Recession_Risks_Of_US_Fiscal_Cliff____55598.html The Congressional Budget Office has illustrated the difficult choices that United States political leaders face in formulating the right fiscal policies to counteract what has been called the largest tax increase in history, set to take place on January 1, 2013. Fri, 25 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Kirk_Looks_At_Future_Of_USEU_Trade_Relations____55582.html After, earlier this month, the European Commissioner for Trade Karel De Gucht had foreseen the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014, the US Trade Representative Ron Kirk provided his view on US-EU trade policy during a recent speech in London. Fri, 25 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/IRS_Plugs_Small_Businesses_Tax_Credits____55602.html The United States Internal Revenue Service is encouraging small business owners to check out two tax credits and a special relief programme that could provide them with significant tax benefits during 2012. Thu, 24 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Accountants_Urge_IRS_To_Simplify_Foreign_Pension_Reporting____55596.html The New York State Society of Certified Public Accountants is calling on the US Internal Revenue Service to provide a simplified method of electing deferral of US taxation on Canadian pension plans, and is requesting additional guidance on the taxation of foreign retirement and pension plans due to consumer confusion over the filing procedures required by such programs. Thu, 24 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/DIFC_Promotes_Advantages_In_US____55592.html The Dubai International Financial Centre has concluded a road show to the United States, which, it is hoped, will lead to more US companies establishing a presence in the no-tax free zone. Wed, 23 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Boehner_Backs_AntiSaverin_ExPATRIOT_Bill____55558.html In a television interview, the Speaker of the US House of Representatives John Boehner has surprisingly come out in favour of the bill introduced in the Senate which is aimed against those who renounce their United States citizenship to avoid paying taxes. Wed, 23 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Few_US_Small_Businesses_Claim_Health_Insurance_Tax_Credit____55561.html The United States Government Accountability Office has released a study showing that very few small businesses are taking advantage of the Small Employer Health Insurance Tax Credit, which was included in President Barack Obama’s health care legislation. Wed, 23 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/IRS_Further_Expands_Its_Fresh_Start_Initiative____55560.html The United States Internal Revenue Service has announced another expansion of its 'Fresh Start' initiative by offering more flexible terms under its Offer in Compromise programme. Tue, 22 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/GOP_Pressurizes_Democrats_Over_Fiscal_Cliff____55531.html In a letter to the United States Senate Majority Leader, Harry Reid, 41 Republican Senators, led by Ranking Member of the Finance Committee Orrin Hatch, and Republican Leader Mitch McConnell have urged him to take immediate action to stop the largest tax increase in history, set to take place on January 1, 2013. Tue, 22 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/US_Imposes_AntiDumping_Duties_On_Chinese_Solar_Cells____55532.html Despite concerns that its decision may raise prices and harm the United States alternative energy sector, the Department of Commerce has announced a preliminary determination to impose antidumping duties on imports of crystalline silicon photovoltaic cells, whether or not assembled into solar cells, from China. Tue, 22 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/TPP_Negotiations_Make_BetterThanExpected_Progress____55528.html The Office of the United States Trade Representative has confirmed that the twelfth round of negotiations, held recently outside Dallas, Texas, on the proposed extension to the Trans-Pacific Partnership, between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made better-than-expected progress. Mon, 21 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/IRS_Told_To_Improve_FATCA_Plans____55507.html The United States Government Accountability Office has disclosed that, as the implementation of the Foreign Account Tax Compliance Act should provide the Internal Revenue Service with a substantial amount of new information, Congress has asked for a review of how it plans to manage that information. Mon, 21 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Congress_Studies_IRSs_Treatment_Of_Charities____55505.html The Oversight Subcommittee of the House of Representatives Ways and Means Committee has held a hearing on current issues related to United States tax-exempt organizations, including the compliance initiatives of the Internal Revenue Service related, in particular, to recent efforts for tax-exempt organizations to design and implement good governance standards. Fri, 18 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Boehner_Warns_Of_Looming_Fiscal_Cliff____55484.html With the prospect of a further stand-off between the Democrat and Republican parties later this year over the United States government statutory debt limit, House of Representatives Speaker John Boehner has returned to his mantra of spending cuts with no tax increases. Fri, 18 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/House_Passes_State_Tax_Simplification_Bill____55489.html The United States House of Representatives has passed, on a bipartisan basis with a voice vote, a bill which would simplify tax reporting requirements for those workers who are employed in multiple state jurisdictions. Fri, 18 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/US_Senate_Mulls_Tax_Reform_For_Tribes_And_Territories____55483.html At a recent Senate hearing on the effect of possible tax reforms on Native Americans and the United States territories - Puerto Rico, the US Virgin Islands, Guam, American Samoa and the Northern Mariana Islands - Finance Committee Chairman Max Baucus pointed to the anomalies and complexities existing in their current tax treatment. Wed, 16 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/IRS_NonResident_Reporting_Rule_Questioned_Again____55452.html The Treasury Department’s failure to provide sufficient answers about Internal Revenue Service regulations requiring United States banks to disclose interest paid to non-resident aliens has prompted the House of Representatives’ Ways and Means Oversight Subcommittee Chairman Charles Boustany to request additional information. Tue, 15 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/De_Gucht_Sees_EUUS_Trade_Treaty_In_2014____55432.html In a speech on the future of transatlantic trade, to the recent AmCham Germany Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014. Tue, 15 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Democrats_Introduce_InSourcing_Bill_Into_US_Congress____55430.html Democrats in the Senate and House of Representatives have introduced into the United States Congress the main tax measure out of President Barack Obama’s recently-announced “To Do List”, to provide a tax credit for companies over the cost of moving operations back to the country. Mon, 14 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Funds_In_Line_For_French_Tax_Refunds____55418.html France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states. Mon, 14 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/IRS_Whistleblower_Programme_Still_Needs_Improvement____55413.html The whistleblower programme operated by the United States Internal Revenue Service has still not fully and adequately addressed internal problems that were identified several years ago, according to a report issued by the Treasury Inspector General for Tax Administration. Fri, 11 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/USTR_Urges_Extension_Of_AGOAs_Textile_Provision____55384.html The United States Trade Representative has confirmed that the Administration is committed to boosting trade with African nations through the African Growth and Opportunity Act and, in that respect, renewal of its Third-Country Fabric provision is seen as crucial. Thu, 10 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Obama_Presents_Tax_To_Do_List_To_Congress____55367.html President Barack Obama has used remarks at the State University of New York in Albany to present a ‘To Do List’ of tax measures that, in his opinion, the United States Congress should pass to increase employment and economic growth. Thu, 10 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/US_Congress_Investigates_Tax_Fraud____55354.html The House of Representatives Ways and Means Committee’s Oversight Subcommittee Chairman Charles Boustany and its Social Security Subcommittee Chairman Sam Johnson (pictured) have held a joint hearing on tax fraud involving identity theft in the United States. Wed, 9 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/Gibraltar_Promotes_EGaming_Specialism_In_US____55305.html The Gibraltar government has sought to improve relations and expand on business opportunities with United States regulators, operators and businesses, with a delegation led by the Rock's Minister with responsibility for gambling, Gilbert Licudi, to the GiGse Totally Gaming conference in San Francisco. Wed, 9 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/EU_US_Agree_Common_List_Of_Trusted_Traders____55336.html The United States and the European Union have agreed to recognize one another's list of 'certified trusted traders', exposing these companies to faster, and less burdensome customs clearance procedures, to cut costs and introduce a more stable environment for cross-Atlantic trade. Wed, 9 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/US_Lawmakers_Question_GSA_Kickback_Policy____55331.html The House of Representatives Ways and Means Subcommittee on Oversight Chairman, Charles Boustany, has sent a letter to 15 departments and two agencies across the United States government seeking information about the potential ‘abuse’ of the energy efficient commercial buildings deduction. Mon, 7 May 2012 00:00:00 GMT http://www.usa-tax-news.com/story/IRS_Reviews_TaxExempt_Status_Revocations____55296.html Following a request from the United States Internal Revenue Service, the Treasury Inspector General for Tax Administration reviewed its Exempt Organizations function’s implementation of the provisions of the Pension Protection Act of 2006 related to the automatic revocation of an organization’s tax-exempt status.