Related Practices
Daily Tax Update - November 16, 2006
HOYER SELECTED AS HOUSE MAJORITY LEADER: Today, Rep. Steny Hoyer (D-MD) was selected as the incoming House Majority Leader by a vote of 149 to 86. Hoyer won the race over Rep. John Murtha (D-PA) who was favored by the Speaker-elect Nancy Pelosi.
TREASURY ISSUES NEW VERSIONS OF U.S. MODEL INCOME TAX CONVENTION AND MODEL TECHNICAL EXPLANATION: On November 15, the Treasury Department issued new versions of the U.S. Model Income Tax Convention and Model Technical Explanation. The U.S. Model Income Tax Convention is used as a starting point in bilateral treaty negotiations with other countries. The Model Technical Explanation will serve as the basis for technical explanations of bilateral tax treaties based on the U.S. Model Income Tax Convention.
- For additional information, contact Philip R. West - pwest@steptoe.com or Stanley Smilack - ssmilack@steptoe.com
- The documents can be accessed via:
- U.S. – BELGIUM TAX TREATY TO BE SIGNED SOON: Steptoe & Johnson LLP has been informed that the recently initialed revision to the tax treaty between the United States and Belgium will be signed on November 27 in Brussels. A copy of the treaty should be released at that time.
INTERNAL REVENUE SERVICE - CIRCULAR 230 DISCLOSURE:
As provided for in Treasury regulations, advice (if any) relating to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any plan or arrangement addressed herein.
STEPTOE & JOHNSON LLP - TAX PRACTICE
Steptoe & Johnson LLP has one of the largest and most diverse law firm tax practices in the country. The practice covers the entire spectrum of federal taxation, including representation of businesses before the Congress, Treasury and the national office of the IRS; transactional planning for domestic and multinational corporations; complex audit and controversy work for corporations and other business interests contesting IRS adjustments; litigation before the Tax Court, Court of Federal Claims, district courts, courts of appeals and the Supreme Court. The firm's tax practice also encompasses all aspects of employee benefits (ERISA), executive compensation, tax-exempt organizations and charitable giving. Steptoe has an extensive state and local tax practice, representing an array of business clients on complex sales and use tax, corporate income tax and property tax matters, both advising those clients and handling audits, administrative appeals, and litigation for them. Read more information on Steptoe's tax practice.
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