Government Contracting

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News & Analysis as of May 20, 2013

Business News Digest - July 2012

by Venable LLP on 7/24/2012

In this issue: - What Do Healthcare Reform and the "Fiscal Cliff" Have In Common? Tax Increases - Department of Labor Disagrees with First Circuit’s “Natural Reading” of SO - FCPA Investigation Follows...more

Terrorism and Taxes - Proposed FAR Rule Imposes 2% Tax on Foreign Offers to Fund 9/11 Relief Fund

by Sheppard Mullin Richter & Hampton LLP on 3/19/2012

On January 2, 2011, the President signed the James Zadroga 9/11 Health and Compensation Act of 2010, Pub. L. No. 111-347, which set up a relief fund for victims, first responders, and construction workers who were injured in...more

Federal Bill to Discourage Offshoring and Use of Tax Havens Reintroduced

by Loeb & Loeb LLP on 12/5/2011

Rep. Jerry McNerney (D-Calif.) has reintroduced legislation designed to discourage corporations from offshoring jobs. The Stop Outsourcing and Create American Jobs Act of 2011 (H.R. 3338) allows the federal government to give...more

Nigerian Sovereign Wealth Fund Law

by Oserogho & Associates on 9/27/2011

The Nigerian Government has passed into law the Sovereign Investment Authority (Establishment, Etc.) Act 2011 to among other things establish a Nigerian Sovereign Investment Authority. This Authority is charged to receive,...more

New Excise Tax on Certain Foreign Contractors

by King & Spalding on 1/31/2011

Section 5000C of the Internal Revenue Code (the Code) was added by the James Zadroga 9-11 Health and Compensation Act of 2010 (the Act) on January 2, 2011. This new provision imposes a 2 percent excise tax on “Federal...more

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