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Results: 1-10 of 95

IRS to survey thousands of nonprofits with outstanding tax exempt bonds
  • Squire Patton Boggs
  • USA
  • July 27 2007

On May 11, 2007, Clifford Gannett, director of the Tax Exempt Bonds division of the Internal Revenue Service (IRS), announced plans to survey thousands of nonprofits with outstanding tax exempt bonds


House and Senate Stimulus Legislation public finance provisions
  • Squire Patton Boggs
  • USA
  • January 30 2009

The US House of Representatives, on January 28, 2009, passed the "American Recovery and Reinvestment Act of 2009" commonly referred to as the "Stimulus Legislation."


FBAR compliance update
  • Squire Patton Boggs
  • USA
  • March 8 2010

On Friday, February 26, 2010, the US Internal Revenue Service (IRS) issued two pronouncements concerning the 2009 Report of Foreign Bank and Financial Accounts (FBAR


Does the sale of non-performing loans (NPLs) trigger VAT?
  • Squire Patton Boggs
  • Germany
  • April 9 2010

This question is being discussed (again) in Germany following a recent decision by the German Federal Fiscal Court (BFH) inquiring with the European Court of Justice (ECJ) about certain aspects of the interpretation of the European Directive 77388EWG on the harmonization of laws of the Member States relating to turnover taxes (the VAT directive


Changes to the tax treatment of debt buy-backs
  • Squire Patton Boggs
  • United Kingdom
  • July 9 2010

The global financial crisis has resulted in many financial institutions trading loans at below par value


New disclosure opportunity: the deadline is extended to 4 January
  • Squire Patton Boggs
  • United Kingdom
  • November 30 2009

It will be remembered that 30 November was the deadline for registration under the New Disclosure Opportunity for those wishing to come clean about offshore income which has been concealed from HMRC, and take advantage of the 10 penalty (or 20 if you ignored the previous amnesty


Switzerland: an historic deal with HMRC
  • Squire Sanders Hammonds
  • Switzerland, United Kingdom
  • September 9 2011

The UK and Switzerland have entered in to an agreement which will come into force in 2013 whereby the whole of any funds held by UK taxpayers in Swiss acccounts will be subject to a charge of between 19 and 34 depending on how long the account has been open


Applicable federal rates and housing tax credit applicable percentages for October 2011
  • Squire Patton Boggs
  • USA
  • September 21 2011

The US Treasury (Internal Revenue Service) issues a revenue ruling each month with interest rates


Financial institutions eye FATCA compliance new US IRS guidance
  • Squire Patton Boggs
  • USA
  • February 20 2012

The Foreign Account Tax Compliance Act (FATCA) was enacted in March 2010 as the revenue offset provision for other legislation


EBTs - loans
  • Squire Patton Boggs
  • United Kingdom
  • November 30 2012

The recent case of Murray Group Holdings Limited v HMRC TC 2372 concerned the tax implications of a loan to an employee from an employee benefit trust