Taxpayer Fairness Act

H.R. 1944, Amend the Internal Revenue Code of 1986 to permanently extend the Subpart F exemption of active financing income. S. 722, Bill to amend the Internal Revenue Code to provide for permanent alternative minimum tax relief, middle class tax relief, and estate tax relief, and to permanently extend certain expiring provision and for other purposes, provisions relating to extending expiring provisions. H.R. 1083, Bill to regulate state taxation of interstate commerce, provisions to impose a uniform physical presence standard for purposes of imposing state income taxation H.R. 1897, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs S. 803, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs Potential legislation to limit the authority of States and localities to tax certain income of employees for employment duties performed in other States and localities Credit Card Reporting implementation, Tax Code section 6050W H.R. 2098 legislation to extend the look through treatment of payments between related controlled foreign corporations Proposed House and Senate legislation to enact the international tax provisions in the Administration's FY 2010 Budget H.R. 4213, American Workers, State, and Business Relief Act, provision relating to the extension of the active financing and look through exceptions Administration's FY 2011 proposal and proposed House and Senate legislation to impose a financial crisis responsibility fee on large financial services companies H.R. 1586, legislation to impose an excise tax on bonuses paid by TARP recipients S.651: legislation to impose an excise tax on excessive bonuses paid by companies receiving Federal emergency economic assistance S.2994 legislation to impose an excise tax on excessive 2009 bonuses paid by companies receiving Federal emergency economic assistance S.3007, legislation to impose a 50% tax on bonuses paid by TARP recipients S.3149, legislation to limit certain executive compensation paid by systemically significant financial institutions H.R. 5141 The Small Business Paperwork Reduction Act, legislation to repeal small business 1099 reporting provisions. SA 4455 Repeal of Expansion of Reporting Requirements, legislation to repeal small business 1099 reporting provisions. H.R. 1586 Education Jobs and Medicaid Assistance Act of 2010, legislation imposition limits on foreign tax credits and other international tax increases S. 3793 Job Creation and Tax Cuts Bill of 2010, legislation to extend the active financing exception through year end 2010 S. 3816 Creating American Jobs and Ending Offshoring Act, legislation limiting deferral

Client expense: $390,000 · Firm income: Not reported

Government targets: Energy, Dept of, Executive Office of the President (EOP), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, U.S. Postal Service (USPS), White House Office

HR 4213, HR 4853 - discuss proposal to extend active finance exception to Subpart F of the Internal Revenue Code, the impact of carrier interest tax changes on corporate joint ventures, and the impact of proposals to limit the use of foreign tax credits; S 2994, SA 3342 - discuss the impact of a proposal to impose a surtax on compensation; Discuss proposals to impose a new tax on financial services industry; Discuss the design and potential impact of proposed regulations related to Foreign Account Tax Compliance Act.

Client expense: $1,640,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

Administration's FY2010 International Tax Proposals; Administration's FY2010 and Senate Finance Committee discussion draft offshore tax compliance proposals; H.R. 847 (9/11 Health and Compensation Act)(worker classification rules); H.R. 3408 (Taxpayer Responsibility, Accountability, and Consistency Act of 2009); H.R. 3933 (Foreign Account Tax Compliance Act); H.R. 4173 (Dodd-Frank Wall Street Reform and Consumer Protection Act); H.R. 4213 (American Jobs and Closing Tax Loopholes Act); H.R. 4849 (Small Business and Infrastructure Jobs Tax Act); H.R. 4853 (Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010)(taxation of dividends and capital gains, extension of expiring business provisions); H.R. 5297 (Small Business Jobs Act of 2010); H.R. 6128 (Fair Playing Field Act of 2010)(worker classification); S. 506 (Stop Tax Haven Abuse Act) (Administration's FY2010 dividend withholding proposals); S. 2882 (Taxpayer Responsibility, Accountability and Consistency Act of 2009); S. 2994 (Taxpayer Fairness Act); S. 3350 (Municipal Bond Market Support Act of 2010); S. 3786 (Fair Playing Field Act of 2010)(worker classification); S. 3793 (Job Creation and Tax Cuts Act of 2010); Build America Bonds; Extension of Build America Bonds; Expansion of Build America Bond Rules to Tax Credit Bonds; Tax rules relating to regulation of over-the-counter derivative contracts; Extension of Federal Home Loan Bank Guarantee; Financial Transaction Tax Proposals; Tax issues related to standardization of credit default swaps; Extension of Active Financing Rules; Tax issues related to implementation of charge for failure to deliver Treasury securities; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Taxation of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Bonus tax proposals; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act (FATCA), provisions enacted under the Hiring Incentives to Restore Employment Act (Notice 2010-60); Extension of the Alternative Minimum Tax, tax exemption for private activity bonds; Notice 2010-46 (Tax withholding on substitute dividend payments); Securities cost basis reporting regulations; Tax rules relating to Bearer Bonds.

H.R.1083 - To regulate certain state taxation of interstate commerce H.R.1944 - To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income H.R.4173 - Wall Street Reform and Consumer Protection Act - provisions related to I.R.C. section 1256 H.R.4213 - To amend the Internal Revenue Service Code of 1986 to extend cetain expiring provisions -- provisions related to subpart F exemption for active financing income, Build America Bonds, and guarantee fee S.2994 - Taxpayer Fairness Act - provisions related to bonus excise tax and deductibility S.3217 - The Restoring American Financial Stability Act of 2010 - provisions related to I.R.C. section 1256 S.3793 - Job Creation and Tax Cuts Act of 2010 - provisions related to active financing, subpart F look through, and Build America Bonds. President's budget proposals related to international tax reform - provisions related to deferral Meetings regarding the "Financial Crisis Responsibility Fee" proposal in the President's Budget

Client expense: $1,340,000 · Firm income: Not reported

Administration's FY2010 International Tax Proposals; Administration's FY2010 and Senate Finance Committee discussion draft offshore tax compliance proposals; H.R. 3408 (Taxpayer Responsibility, Accountability, and Consistency Act of 2009); H.R. 3933 (Foreign Account Tax Compliance Act); H.R. 4173 (Dodd-Frank Wall Street Reform and Consumer Protection Act); H.R. 4213 (American Jobs and Closing Tax Loopholes Act); H.R. 4849 (Small Business and Infrastructure Jobs Tax Act); H.R. 5297 (Small Business Jobs Act of 2010); H.R. 6128 (Fair Playing Field Act of 2010)(worker classification); S. 506 (Stop Tax Haven Abuse Act) (Administration's FY2010 dividend withholding proposals); S. 2882 (Taxpayer Responsibility, Accountability and Consistency Act of 2009); S. 2994 (Taxpayer Fairness Act); S. 3350 (Municipal Bond Market Support Act of 2010); S. 3786 (Fair Playing Field Act of 2010)(worker classification); Build America Bonds; Extension of Build America Bonds; Expansion of Build America Bond Rules to Tax Credit Bonds; Tax rules relating to regulation of over-the-counter derivative contracts; Extension of Federal Home Loan Bank Guarantee; Financial Transaction Tax Proposals; Tax issues related to standardization of credit default swaps; Extension of Active Financing Rules; Tax issues related to implementation of charge for failure to deliver Treasury securities; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Taxation of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Bonus tax proposals; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act (FATCA), provisions enacted under the Hiring Incentives to Restore Employment Act (Notice 2010-60); Extension of the Alternative Minimum Tax, tax exemption for private activity bonds; Notice 2010-46 (Tax withholding on substitute dividend payments); Securities cost basis reporting regulations; Tax rules relating to Bearer Bonds.

HR 4213, S 3793 - discuss proposal to extend active finance exception to Subpart F of the Internal Revenue Code, the impact of carrier interest tax changes on corporate joint ventures, and the impact of proposals to limit the use of foreign tax credits; Discuss the impact of proposed changes to the rules for deferral of taxation of income earned overseas; Discuss proposals to impose a new tax on financial services industry; S 2994, SA 3342 - discuss the impact of a proposal to impose a surtax on compensation; HR 4213 - discuss the impact of proposals to limit the use of foreign tax credits; Discuss the design and potential impact of proposed regulations related to the Foreign Account Tax Compliance Act.

Client expense: $2,740,000 · Firm income: Not reported

H.R. 1944, Amend the Internal Revenue Code of 1986 to permanently extend the Subpart F exemption of active financing income. S. 722, Bill to amend the Internal Revenue Code to provide for permanent alternative minimum tax relief, middle class tax relief, and estate tax relief, and to permanently extend certain expiring provision and for other purposes, provisions relating to extending expiring provisions. H.R. 1083, Bill to regulate state taxation of interstate commerce, provisions to impose a uniform physical presence standard for purposes of imposing state income taxation H.R. 1897, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs S. 803, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs Potential legislation to limit the authority of States and localities to tax certain income of employees for employment duties performed in other States and localities Credit Card Reporting implementation, Tax Code section 6050W H.R. 2098 legislation to extend the look through treatment of payments between related controlled foreign corporations Proposed House and Senate legislation to enact the international tax provisions in the Administration's FY 2010 Budget H.R. 4213, American Workers, State, and Business Relief Act, provision relating to the extension of the active financing and look through exceptions Administration's FY 2011 proposal and proposed House and Senate legislation to impose a financial crisis responsibility fee on large financial services companies H.R. 1586, legislation to impose an excise tax on bonuses paid by TARP recipients S.651: legislation to impose an excise tax on excessive bonuses paid by companies receiving Federal emergency economic assistance S.2994 legislation to impose an excise tax on excessive 2009 bonuses paid by companies receiving Federal emergency economic assistance S.3007, legislation to impose a 50% tax on bonuses paid by TARP recipients S.3149, legislation to limit certain executive compensation paid by systemically significant financial institutions H.R. 5141 The Small Business Paperwork Reduction Act, legislation to repeal small business 1099 reporting provisions. SA 4455 Repeal of Expansion of Reporting Requirements, legislation to repeal small business 1099 reporting provisions. H.R. 1586 Education Jobs and Medicaid Assistance Act of 2010, legislation imposition limits on foreign tax credits and other international tax increases S. 3793 Job Creation and Tax Cuts Bill of 2010, legislation to extend the active financing exception through year end 2010 S. 3816 Creating American Jobs and Ending Offshoring Act, legislation limiting deferral

Financial Crisis Responsibility Fee (proposed bank tax) S. 2994, the Taxpayer Fairness Act (provisions imposing a 50 percent excise tax on certain bonuses for executives at financial firms that received TARP funds). H.R. 1083, the Business Activity Tax Simplification Act of 2009 (all provisions) H.R. 4178, the Deposit Restricted Qualified Tuition Programs Act H.R. 4213, the Tax Extenders Act of 2009 (provisions on the research and development tax credit, the New Market tax credit, active financing, charitable donations to IRAs, carried interest, and assets held in offshore accounts) Proposals on Estate Tax reform Administrations fiscal year 2011 revenue provisions Proposed securities transaction tax

Client expense: $1,850,000 · Firm income: Not reported

H.R.1083 - To regulate certain state taxation of interstate commerce H.R.1944 - To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income H.R.4173 - Wall Street Reform and Consumer Protection Act - provisions related to I.R.C. section 1256 H.R.4213 - To amend the Internal Revenue Service Code of 1986 to extend cetain expiring provisions -- provisions related to subpart F exemption for active financing income, Build America Bonds, and guarantee fee S.2994 - Taxpayer Fairness Act - provisions related to bonus excise tax and deductibility S.3217 - The Restoring American Financial Stability Act of 2010 - provisions related to I.R.C. section 1256 President's budget proposals related to international tax reform - provisions related to deferral Meetings regarding the "Financial Crisis Responsibility Fee" proposal in the President's Budget

Client expense: $1,470,000 · Firm income: Not reported

HR 1944 - discuss proposal to extend active finance exception to Subpart F of the Internal Revenue Code, which requires current taxation of income earned overseas; Discuss the impact of proposed changes to the rules for deferral of taxation of income earned overseas; Discuss the impact of proposals to impose a tax on financial transactions; S 2994, SA 3342 - discuss the impact of a proposal to impose a surtax on compensation; Discuss potential design and impact of proposals to impose a new tax on the financial services industry; HR 4213 - discuss the impact of proposals to limit the use of foreign tax credits; HR 4213 - discuss the impact of proposed source rules for income on guarantees related to derivatives; Discuss the design and potential impact of proposed regulations related to the Foreign Account Tax Compliance Act.

Client expense: $1,520,000 · Firm income: Not reported

Administration's FY2010 International Tax Proposals; Administration's FY2010 and Senate Finance Committee discussion draft offshore tax compliance proposals; H.R. 3408 (Taxpayer Responsibility, Accountability, and Consistency Act of 2009); H.R. 3933 (Foreign Account Tax Compliance Act); H.R. 4173 (Restoring American Financial Stability Act of 2010); H.R. 4213 (Tax Extenders Act of 2009); H.R. 4849 (Small Business and Infrastructure Jobs Tax Act); S. 506 (Stop Tax Haven Abuse Act) (Administration's FY2010 dividend withholding proposals); S. 2882 (Taxpayer Responsibility, Accountability and Consistency Act of 2009); S. 2994 (Taxpayer Fairness Act); S. 3350 (Municipal Bond Market Support Act of 2010); Build America Bonds; Tax rules relating to regulation of over-the-counter derivative contracts; Tax rules relating to sourcing of guarantee fees; Extension of Federal Home Loan Bank Guarantee; Financial Transaction Tax Proposals; Tax issues related to standardization of credit default swaps; Extension of Active Financing Rules; Tax issues related to implementation of charge for failure to deliver Treasury securities; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Extension of Build America Bonds; Expansion of Build America Bond Rules to Tax Credit Bonds; Taxation of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Bonus tax proposals; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Securities cost basis reporting regulations; Tax rules relating to Bearer Bonds.

Client expense: $1,480,000 · Firm income: Not reported

H.R. 1944, Amend the Internal Revenue Code of 1986 to permanently extend the Subpart F exemption of active financing income. S. 722, Bill to amend the Internal Revenue Code to provide for permanent alternative minimum tax relief, middle class tax relief, and estate tax relief, and to permanently extend certain expiring provision and for other purposes, provisions relating to extending expiring provisions. H.R. 1083, Bill to regulate state taxation of interstate commerce, provisions to impose a uniform physical presence standard for purposes of imposing state income taxation H.R. 1897, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs S. 803, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs Potential legislation to limit the authority of States and localities to tax certain income of employees for employment duties performed in other States and localities Credit Card Reporting implementation, Tax Code section 6050W H.R. 2098 legislation to extend the look through treatment of payments between related controlled foreign corporations Proposed House and Senate legislation to enact the international tax provisions in the Administration's FY 2010 Budget H.R. 4213, American Workers, State, and Business Relief Act, provision relating to the extension of the active financing and look through exceptions Administration's FY 2011 proposal and proposed House and Senate legislation to impose a financial crisis responsibility fee on large financial services companies H.R. 1586, legislation to impose an excise tax on bonuses paid by TARP recipients S.651: legislation to impose an excise tax on excessive bonuses paid by companies receiving Federal emergency economic assistance S.2994 legislation to impose an excise tax on excessive 2009 bonuses paid by companies receiving Federal emergency economic assistance S.3007, legislation to impose a 50% tax on bonuses paid by TARP recipients S.3149, legislation to limit certain executive compensation paid by systemically significnt financial institutions H.R. 5141 The Small Business Paperwork Reduction Act, legislation to repeal small business 1099 reporting provisions. SA 4455Repeal of Expansion of Reporting Requirements, legislation to repeal small business 1099 reporting provisions.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. The Forum believes that imposing taxes and fees on the financial sector will restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, the "Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. S. 2994, to impose an excise tax on 2009 bonuses from certain major recipients of Federal emergency economic assistance, to limit the deductible allowances for such bonuses. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Client expense: $360,000 · Firm income: Not reported

Financial Crisis Responsibility Fee (proposed bank tax) S. 2994, the Taxpayer Fairness Act (provisions imposing a 50 percent excise tax on certain bonuses for executives at financial firms that received TARP funds). H.R. 1083, the Business Activity Tax Simplification Act of 2009 (all provisions) H.R. 4178, the Deposit Restricted Qualified Tuition Programs Act H.R. 4213, the Tax Extenders Act of 2009 (provisions on the research and development tax credit, the New Market tax credit, active financing, charitable donations to IRAs, carried interest, and assets held in offshore accounts) Proposals on Estate Tax reform Administrations fiscal year 2011 revenue provisions Proposed securities transaction tax

Client expense: $1,850,000 · Firm income: Not reported

H.R.1083 - To regulate certain state taxation of interstate commerce H.R.1944 - To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income H.R.2847 - The Hiring Incentives to Restore Employment Act - provisions related to Foreign Account Tax Compliance Act and Build America Bonds. H.R.3933 - To amend the Internal Revenue Service Code of 1986 to prevent the advoidance of tax on income from assets held abroad. H.R.4213 - To amend the Internal Revenue Service Code of 1986 to extend cetain expiring provisions -- provisions related to subpart F exemption for active financing income and the Foreign Account Tax Compliance Act. H.R.4849 - The Small Business and Infrastructure Jobs Act of 2010 - provisions related to Build America Bonds. S.1934 - A bill to amend the Internal Revenue Service Code of 1986 to prevent the advoidance of tax on income from assets held abroad. S.2994 - Taxpayer Fairness Act - provisions related to bonus excise tax and deductibility. President's budget proposals related to international tax reform - provisions related to deferral and entity classification. Meetings regarding the "Financial Crisis Responsibility Fee" proposal in the President's Budget. Meetings regarding "Build America Bonds." Meetings regarding "basis reporting."

Client expense: $1,310,000 · Firm income: Not reported

HR 1944 - discuss proposal to extend active finance exception to Subpart F of the Internal Revenue Code, which requires current taxation of income earned overseas; Discuss the impact of proposed changes to the rules for deferral of taxation of income earned overseas; Discuss the impact of proposals to impose a tax on financial transactions; S 2994, SA 3342 - discuss the impact of a proposal to impose a surtax on compensation; Discuss potential design and impact of proposals to impose a new tax on the financial services industry.

Client expense: $1,510,000 · Firm income: Not reported

H.R. 2452 (Net Operating Loss (NOL) Carryback Act); Administration's FY2010 International Tax Proposals; Administration's FY2010 and Senate Finance Committee discussion draft offshore tax compliance proposals; S. 506 (Stop Tax Haven Abuse Act) (Administration's FY2010 dividend witholding proposals); H.R. 1256 (Family Smoking Prevention and Tobacco Control Act) (Administration's FY2010 dividend witholding proposals); H.R. 3408 (Taxpayer Responsibility, Accountability, and Consistency Act of 2009); H.R. 3590 (Patient Protection and Affordable Care Act); H.R. 3933 (Foreign Account Tax Compliance Act); H.R. 4213 (Tax Extenders Act of 2009); H.R. 4849 (Small Business and Infrastructure Jobs Tax Act); S. 2882 (Taxpayer Reponsibility, Accountability and Consistency Act of 2009); S. 2994 (Taxpayer Fairness Act); Securitization reform; Tax issues related to standardization of credit default swaps; Extension of Active Financing Rules; Tax issues related to implementation of charge for failure to deliver Treasury securities; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Extension of Build America Bonds; Expansion of Build America Bond Rules to Tax Credit Bonds; Taxation of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Bonus tax proposals; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Securities cost basis reporting regulations; Tax rules relating to Beaver Bonds.

Client expense: $1,390,000 · Firm income: Not reported

Financial Crisis Responsibility Fee (proposed bank tax) S. 2994, the Taxpayer Fairness Act (provisions imposing a 50 percent excise tax on certain bonuses for executives at financial firms that received TARP funds) H.R. 4213, the Tax Extenders Act of 2009 (provisions on the research and development tax credit, the New Market tax credit, active financing, charitable donations to IRAs, carried interest, and assets held in offshore accounts)

Client expense: $70,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

S.2994 : A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on excessive 2009 bonuses received from certain major recipients of Federal emergency economic assistance, to limit the deduction allowable for such bonuses, and for other purposes.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1944, Amend the Internal Revenue Code of 1986 to permanently extend the Subpart F exemption of active financing income. S. 722, Bill to amend the Internal Revenue Code to provide for permanent alternative minimum tax relief, middle class tax relief, and estate tax relief, and to permanently extend certain expiring provision and for other purposes, provisions relating to extending expiring provisions. H.R. 1083, Bill to regulate state taxation of interstate commerce, provisions to impose a uniform physical presence standard for purposes of imposing state income taxation H.R. 1897, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs S. 803, Healthy Workforce Act of 2009, legislation to provide a deduction for company sponsored wellness programs Potential legislation to limit the authority of States and localities to tax certain income of employees for employment duties performed in other States and localities Credit Card Reporting implementation, Tax Code section 6050W H.R. 2098 legislation to extend the look through treatment of payments between related controlled foreign corporations Proposed House and Senate legislation to enact the international tax provisions in the Administration's FY 2010 Budget H.R. 3200 legislation to fund health care reform, issues affecting large employers H.R. 3962 Health Care For America Act, health care reform issues affecting large employers H.R. 3590 Patient Protection and Affordable Care Act, health care reform issues affecting large employers H.R. 4213, American Workers, State, and Business Relief Act, provision relating to the extension of the active financing and look through exceptions Administration's FY 2011 proposal and proposed House and Senate legislation to impose a financial crisis responsibility fee on large financial services companies H.R. 1586, legislation to impose an excise tax on bonuses paid by TARP recipients H.RES. 1212, providing for House consideration of Senate Amendments to H.R. 1586, legislation to impose an additional tax on bonuses paid by TARP recipients. S.651: legislation to impose an excise tax on excessive bonuses paid by companies receiving Federal emergency economic assistance S.2994 legislation to impose an excise tax on excessive 2009 bonuses paid by companies receiving Federal emergency economic assistance S.AMDT. 3342, legislation to impose an excise tax on excessive 2009 bonuses paid by companies receiving Federal emergency economic assistance S.AMDT. 3486 to H.R. 1586, legislation to impose an additional tax on bonuses received from certain TARP recipients. S.3007, legislation to impose a 50% tax on bonuses paid by TARP recipients S.3149, legislation to limit certain executive compensation paid by systemically significnt financial institutions

Financial Crisis Responsibility Fee (proposed bank tax) S. 2994, the Taxpayer Fairness Act (provisions imposing a 50 percent excise tax on certain bonuses for executives at financial firms that received TARP funds). H.R. 1083, the Business Activity Tax Simplification Act of 2009 (all provisions) H.R. 4178, the Deposit Restricted Qualified Tuition Programs Act H.R. 4213, the Tax Extenders Act of 2009 (provisions on the research and development tax credit, the New Market tax credit, active financing, charitable donations to IRAs, carried interest, and assets held in offshore accounts) Proposals on Estate Tax reform Administrations fiscal year 2011 revenue provisions Proposed securities transaction tax

Client expense: $1,800,000 · Firm income: Not reported

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. H.R. 1068 to impose a tax on securities transactions - Legislation to impose a securities tax would restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 2994, to impose an excise tax on 2009 bonuses from certain major recipients of Federal emergency economic assistance, to limit the deductible allowances for such bonuses. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Client expense: $350,000 · Firm income: Not reported