Daily Tax Update - March 2, 2009

SENATE SUBCOMMITTEE ON INVESTIGATIONS ANNOUNCES WITNESS LIST FOR TAX HAVEN BANKS HEARING:  The Permanent Subcommittee on Investigations is holding a hearing on March 4th titled, "Tax Haven Banks and US Tax Compliance - Obtaining the Names of US Clients with Swiss Accounts."

  • The witness list has been announced:
  • THE HONORABLE DOUGLAS H. SHULMAN, Commissioner, Internal Revenue Service, US Department of the Treasury, Washington, DC
  • Accompanied by:
  • MR. BARRY SHOTT, Deputy Commissioner, International, Office of the Commissioner, Large & Mid-Size Business Division, Internal Revenue Service, US Department of the Treasury Washington, DC       
  • MR. JOHN DiCICCO, Acting Assistant Attorney General, Tax Division, US Department of Justice, Washington, DC       

  • Panel 2   
  • MR. MARK BRANSON, Chief Financial Officer, UBS Global Wealth Management & Swiss Bank, Member of the Group Managing Board, Zurich, Switzerland

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.