Tax Law Updates | New Proposed Regulations
February 18, 2010
Treasury Dep’t Releases Green Book on 2011 Tax Revenue Proposals, as PwC Issues Comments on Int’l Tax Policy Changes
Green Book of the Department of the Treasury – General Explanations on the International Tax Policy under the 2011 Budget
Fiscal Year 2011 Budget, 2/1/2010
The U.S. Department of the Treasury has issued its “Green Book,” formally known as the “General Explanations of the Administration’s Fiscal Year 2011 Revenue Proposals.” The Green Book lays down revenue-raising measures that the present Administration seeks to adopt for fiscal year 2011. Part of the issuance includes explanations on international tax proposals.
After the Book’s release, international accounting firm PricewaterhouseCoopers (“PwC”) published a news alert commenting on the international tax policy changes proposed in the Obama administration’s fiscal 2011 budget. Specifically, the newsletter stated that the legislative timeline for the proposals is unclear.
In its newsletter, PwC has summarized the…
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