Washington dispatch, December 2008

Taxes to play major role in economic stimulus legislation -- US-Canada income tax protocol, tax treaties with Bulgaria and Iceland enter into force -- US, New Zealand sign amending income tax protocol -- US and Liechtenstein sign Tax Information Exchange Agreement -- IRS issues Notice 2008-111 addressing “Midco” transactions -- IRS releases e-mailed Chief Counsel Advice on creditability of Venezuelan assets tax, treaty's mutual agreement procedure -- IRS final regs add Bulgarian entity to per se list -- Treasury releases guidance priority list for remainder of FY 2009 -- IRS update