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Monthly Archives: March 2009

Tax Compliance And Enforcement Issues With Respect To Offshore Accounts And Entities

JCX-23-09 (March 30, 2009) Tax Compliance And Enforcement Issues With Respect To Offshore Accounts And Entities: “This document, prepared by the staff of the Joint Committee on Taxation, provides background on withholding and information reporting requirements applicable to payments of U.S.-source portfolio investment income to nonresidents, the Internal Revenue Service (“IRS”) Qualified Intermediary program, the… Continue Reading

Four California Schools Named EPA Priority for Monitoring Toxic Outdoor Air Pollution

News release: “In an unprecedented effort to help protect children from toxic air pollution around schools, EPA Administrator Lisa P. Jackson announced that four California schools will be among the schools that will undergo outdoor air monitoring. The four Calif. schools are Felton Elementary in Lennox, Santa Anita Christian Academy in El Monte, Soto Street… Continue Reading

Board requests public comment on proposed changes to the methodology for calculating the private sector adjustment factor

News release: “The Federal Reserve Board on Tuesday requested public comment on proposed changes to the methodology for calculating the imputed costs, collectively known as the private sector adjustment factor (PSAF), that are considered when setting fees and measuring cost recovery for certain payment services provided to depository institutions (DIs). The comment period ends on… Continue Reading

DOD Report: Measuring Stability and Security in Iraq

Measuring Stability and Security in Iraq, March 2009 – Report to Congress In accordance with the Department of Defense Supplemental Appropriations Act 2008 (Section 9204, Public Law 110-252) “The United States seeks an Iraq that is sovereign, stable, and self-reliant; an Iraqi Government that is just, representative, and accountable; neither a safe haven for, nor… Continue Reading

Treasury Announces Extension of Temporary Guarantee Program for Money Market Funds

News release: “The U.S. Treasury Department today announced an extension of its temporary Money Market Funds Guarantee Program through September 18, 2009, in order to support ongoing stability in financial markets. The Program was scheduled to end on April 30, 2009. As a result of this extension, the temporary guarantee program will continue to provide… Continue Reading

USTR Identifies International Trade Barriers, Outlines Efforts to Open Markets for U.S.

News release: “U.S. Trade Representative Ron Kirk today transmitted to Congress the 2009 National Trade Estimate Report (NTE). The report, which is required by statute each year, describes significant barriers to U.S. trade and investment faced in the last year as well as the actions being taken by the Office of the U.S. Trade Representative… Continue Reading

A Review of CBO's Activities in 2008 Under the Unfunded Mandates Reform Act

A Review of CBO’s Activities in 2008 Under the Unfunded Mandates Reform Act, March 2009 “In 2008, the Congress and the President enacted 285 public laws. Nineteen contained at least one intergovernmental mandate as defined in UMRA, and 29 contained one or more private-sector mandates. In all, those new laws contained only 1 intergovernmental and… Continue Reading

Prison Inmates at Midyear 2008 – Statistical Tables

News release: “As of June 30, 2008, state and federal correctional authorities had jurisdiction or legal authority over 1,610,584 prisoners. Additionally, 785,556 inmates were held in custody in local jails, the Bureau of Justice Statistics (BJS) in the Office of Justice Programs, U.S. Department of Justice, announced today. During the six months ending June 30,… Continue Reading

Auto Task Force completed evaluation of the viability of General Motors and Chrysler

News release: “..the President announced that his Auto Task Force has completed its evaluation of the viability of General Motors and Chrysler in light of their requests for federal assistance. In addition to releasing the viability assessments, he also released a new policy with the American government guaranteeing warrantees for cars from those companies to… Continue Reading

International Labour Organization – The Financial and Economic Crisis: A Decent Work Response

The Financial and Economic Crisis: A Decent Work Response, 24 March 2009 [Stuart Basefsky] “This report examines policy packages announced in over 40 countries to overcome the global economic crisis. It shows that not enough has been done to reduce the risk of a labour market recession of unprecedented proportions since the Second World War.… Continue Reading