The Internal Revenue Service (IRS) and the U.S. Department of Treasury issued a Notice (Notice 2014-52) last Monday that would further their efforts to prevent U.S. companies from using an increasingly prevalent tactic known as inversion to lower their tax bill. Conventionally, an inversion is a negotiation in which a U.S. multinational company restructures with a foreign … Continue reading
In May of 2013, the Treasury Inspector General for Tax Administration (TIGTA), an independent agency that oversees the Internal Revenue Service (IRS), published a report that stated that the IRS had been earmarking applications for tax-exempt groups with the words “patriot,” “tea party,” “Israel,” or “occupy” in their names. The IRS had held these applications … Continue reading
On Tuesday, August 27, the IRS issued its final rule regarding the individual mandate to purchase health insurance under the Affordable Care Act (ACA). The rulemaking formally establishes the IRS requirement for most Americans to be subjected to a financial penalty if an individual does not acquire “minimum essential coverage.” The rule will be published … Continue reading
With the nomination of Gina McCarthy to be the newest chief of the Environmental Protection Agency, a lot of shade has been thrown on the administration’s lack of transparency and practices of favoritism. First Senator Vitter delayed the vote with 1,038 questions, which he then narrowed to five key demands. Now it is looking like Republicans … Continue reading
During the 2008 campaign, then-candidate Obama promised that his administration would be the most open and transparent in American history – in history! Jefferson be damned. He’s repeated that sound bite multiple times, stating that they have instituted rules that, for example, disallow registered lobbyists from working at the White House and make White House … Continue reading
Perhaps only the Marines are able to make holding an umbrella over another person look powerful and executed with precision. As these marines stood stoic, Mother Nature reminded her critics on Thursday that she too has a flair for the poetic when rain began to fall on President Obama’s joint press conference with the Turkish … Continue reading
It’s been a tough May for Federal Agencies. Amid a backdrop of scrutiny over potential regulatory missteps in the Texas fertilizer plant explosion, accusations of document concealment at the Environmental Protection Agency, and lengthy congressional hearings into State Department action in the aftermath of the Benghazi terror attacks, the Internal Revenue Service (IRS) finished this … Continue reading
Amid the sea of adjectives that flowed over Monday’s second inauguration of President Obama, several television commentators made a pointed observation. Presidential Inaugurations are certainly occasions to celebrate the American constitutional system; however, there is no more demonstrable picture of this country’s enigmatic arrangement than the sight of President Obama taking his oath at the … Continue reading
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