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House Ways and Means Announces July 22 Hearing on Transfer Pricing Issues
July 19, 2010 by Cindy Arevalo|Congress

On July 22, 2010, the House Ways and Means Committee will hold a hearing on Transfer Pricing Issues. According to the Committee, the transfer pricing rules have been updated and modified many times over the last decade, yet still foster controversy. Pursuant to these concerns, the Committee requested that the Joint Committee on Taxation (JCT) study and report back on the issue of income shifting and transfer pricing. As part of background material for the hearing, the JCT will provide a summary of ongoing work, containing a discussion of the issues as well as case studies, which will be a focus of this hearing.

Senate Commerce Committee Orders DOT Maritime Bill Reported
July 16, 2010 by Cindy Arevalo|Congress

On July 15, 2010, the Senate Committee on Commerce, Science, and Transportation ordered favorably reported S. 3566, to authorize certain maritime programs of the Department of Transportation, with an amendment in the nature of a substitute;

Senate to Resume Consideration of Tax Extenders Bill
July 16, 2010 by Cindy Arevalo|Congress

The Senate agreed to resume consideration on July 20, 2010 of the Senate amendment of House-passed H.R. 4213, the American Jobs and Closing Tax Loopholes Act (Tax Extenders or Jobs bill). (The House-passed version of H.R. 4213 included cotton and wool fund provisions, etc.)