July 29, 2008
Bond Buyer Consults Vander Molen for Multiple Topics, Issues
The Bond Buyer, a daily newspaper of public finance, has repeatedly sought out the advice and commentary of Dorsey Attorney Tom Vander Molen in recent weeks. Vander Molen appears in the following articles and issues; Dorsey Attorney Mark Jaboe is also consulted for the piece on California tribe appeals.
-- IRS Cuts Deal with Kinsell – Will Close Audits; Firm to Pay $5M –
“The Internal Revenue Service has agreed to close 26 examinations of roughly $800 million of bonds issued by several California school districts without finding the bonds taxable in exchange for $5 million from the lead banker on the controversial deals.”
Attorney Tom Vander Molen is quoted in article. Register to read full article here.
"IRS Cuts Deal with Kinsell," The Bond Buyer, 07/28/08.
-- Tribe Calls for End to IRS Limits on Debt –
“Tribal governments and their advisers urged members of Congress yesterday to pass legislation that would no longer allow the IRS to interpret the tax law in a way that unfairly limits the tax-exempt debt Indian tribes can issue and puts them at a competitive disadvantage to state and local governments.”
Attorney Tom Vander Molen is quoted in article. Register to read full article here.
"Tribe Calls for End to IRS Limits on Debt," The Bond Buyer, 07/23/08.
-- California Tribe Appeals IRS Golf Ruling --
“The Agua Caliente Band of Cahuilla Indians is appealing the Internal Revenue Service’s proposed adverse determination that $22.5 million of revenue bonds it issued in 2003 for a golf course project and recreation center are taxable – the latest development in a long-standing dispute over the kinds of projects tribal governments can finance with tax-exempt bonds.”
Dorsey Attorneys Mark Jarboe and Tom Vander Molen are quoted in the article.
To read the full article from The Bond Buyer, click here.
"California Tribe Appeals IRS Golf Ruling," The Bond Buyer, 07/17/08.
-- NABL Asks Treasury to Update Guidance on Reissuance --
“The Treasury Department should draft reissuance regulations that go beyond the two previous notices on auction-rate securities, and they should clarify how reissuance rules pertain to other sections of the tax code and give issuers more flexibility in some areas, the National Association of Bond Lawyers said in a letter to the Treasury.”
Attorney Tom Vander Molen is quoted in article. Register to read full article here.
"NABL Asks Treasury to Update Guidance on Reissuance," The Bond Buyer, 07/14/08.