IRS issues final regulations implementing the Affordable Care Act’s medical device excise tax *

USA - December 11 2012
On December 5, 2012, the Internal Revenue Service (IRS) published final regulations regarding the implementation of the excise tax applicable to the sale of certain medical devices, enacted by the Patient Protection and Affordable Care Act of 2010, as amended by the Health Care and Education Reconciliation Act of 2010 (collectively, the ACA), and codified under section 4191 of the Internal Revenue Code (Code).

Co-authors: Hap Shashy, Seth H. Lundy, Michael A. Andrews, Preeya Noronha Pinto, Marian Lee .

U.S. Treasury Department releases model FATCA intergovernmental agreements *

USA - September 5 2012
On July 26, 2012, the U.S. Department of Treasury released its first model intergovernmental agreement (IGA) implementing the information reporting and withholding tax provisions under the Foreign Account Tax Compliance Act (FATCA).

Co-authors: Ariana Wallizada , John Taylor, John K Sweet, Abraham N.M. Shashy Jr..

ObamaCare’s impact on expatriate investment fund partners *

USA - August 13 2012
The United States Supreme Court upheld the constitutionality of the Health Care and Education Reconciliation Act of 2010 (commonly referred to as ObamaCare) in a decision released June 28, 2012.

Co-authors: John Taylor, L Wayne Pressgrove Jr. (Wayne), Abraham N.M. Shashy Jr..

Third FATCA compliance model announced - inter-governmental agreements *

Japan, Switzerland, USA - July 6 2012
The U.S.

Co-authors: John Taylor, Abraham N.M. Shashy Jr..