Daily Tax Update - March 8, 2016: Lew, Koskinen, George Testify on ‎Treasury FY 2017 Budget Request

Lew, Koskinen, George Testify on ‎Treasury FY 2017 Budget Request:  Department of Treasury Secretary Jack Lew, Inspector General Russell George, and Internal Revenue Service Commissioner John Koskinen all testified at today’s Senate Appropriations Committee hearing on the Department of Treasury’s fiscal year 2017 budget request and justification of funding.  Commissioner Koskinen testified that the IRS made good use of the increased funding it received in fiscal year 2016, hiring over 1,000 new employees and significantly increasing the number of taxpayer calls answered. 

Steptoe 2015 FCPA Year in Review:  2015 was a year of significant change in the United States’ efforts to prosecute transnational corruption cases, as well as a year of noteworthy legal developments and major enforcement efforts in major trading nations around the world.  For our readers who have some responsibility for dealing with Foreign Corrupt Practices Act (FCPA) matters, Steptoe’s 2015 FCPA Year in Review may be of interest.