Trade spike spurs tax treaty talks; multinationals press Clinton administration to end double taxation

Article Abstract:

The US Treasury Dept is working to expand the country's somewhat limited tax treaties in hopes of obtaining better tax deals for multinational business enterprises. Such businesses are pressing for this in an era when global trade is booming. Goals include the elimination of anti-competitive double taxation and other burdensome consequences of a bad or absent treaty. The fast-growing economies of Latin America and Asia are targets. The US has 48 tax treaty partners, less than most developed countries.

United States, Management, Tax treaties, International business enterprises, Multinational corporations, Political aspects, Double taxation

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SEC nominee says he'll study curbs on securities suits

Article Abstract:

Arthur Levitt, Jr, President Clinton's nominee for the chairmanship of the SEC, stated at his Senate hearing before the Banking, Housing and Urban Affairs Committee that he would investigate means of curbing meritless securities litigation. New companies, especially those in the high-technology field, are exposed to much of this litigation because of the volatility of start-up company stock.

Officials and employees, Cases, Appointments, resignations and dismissals, Securities fraud, United States. Securities and Exchange Commission, Levitt, Arthur, Jr.

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