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Considering Another Tax Holiday For Foreign Earnings

Law360 (March 31, 2011, 12:54 PM EDT) -- Attorneys, who often are corporate clients’ only significant outside advisers, commonly offer advice on a wide range of business management issues, in some cases even extending to matters pertaining to financial reporting, selection of accounting principles and tax strategies. One current, hotly debated tax law change may provide another opportunity for advisory service to clients.

Calls are increasingly being heard for what amounts to a replay of the “tax holiday” granted by the 2004 American Jobs Creation Act (AJCA), which included a one-year-only provision that granted...
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