August 12th, 2009
Pat Garofalo in the Wonk Room over at ThinkProgress has a fascinating
post today about the companies which are lining up to oppose President Obama's crackdown on corporate abuse of tax deferrals. From
ThinkProgress:
National Journal reported today that some tech-industry giants are getting ready to “intensify their opposition” to the Obama administration’s plan to limit the use of offshore tax deferrals:
High-tech industry giants such as Hewlett-Packard, IBM, Microsoft and Oracle will intensify their opposition this fall to an Obama administration proposal aimed at limiting what critics insist...
August 12th, 2009
The Office of Thrift Supervision has lifted a cease and desist order against Brookline Bank and its finance unit, Eastern Funding LLC.
Continue Reading
August 12th, 2009
It's just been reported that US and Swiss governmnet authorities have initialed a settlement that would bring about an end to the UBS legal saga. According to the
Washington Post:
In a conference call Wednesday morning with the federal judge presiding over the case, Justice Department lawyer Stuart D. Gibson said the parties had initialed agreements and that they would ask the judge to dismiss the matter when the final documents are signed.
Terms of the deal were not immediately disclosed, leaving unclear what each side gained or conceded.
So we still...
August 12th, 2009
Washington Post - U.S. and Swiss negotiators have initialed a settlement that averts a legal showdown over the U.S. government's landmark challenge to Swiss bank secrecy, a government lawyer said Wednesday.
Continue Reading
