Tax News & Views - September 25, 2009Vol. 10, No. 49 |
Publish date:
Author
Tax Policy Group, Deloitte Tax LLP
- Finance health care mark-up to continue next week; House moves closer to floor action – After four days of negotiations, the Senate Finance Committee put its mark-up of comprehensive health care legislation on hold and adjourned for the weekend without debating any of the 100-plus tax amendments that have been offered by Democratic and Republican members; meanwhile, House leaders are preparing to merge that chamber’s three health care bills into a single package for an eventual floor vote.
- Credit card issuers’ interchange income is properly treated as OID, rules tax court – The Tax Court held that credit card issuers properly treated the “interchange” income received with respect to Visa and MasterCard credit cards as original issue discount under section 1272(a)(6)(C)(iii).
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Tax News & Views - September 25, 2009
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