CCH TAX NEWS for June 6, 2006

CCH TAX NEWS for June 6, 2006

FEDERAL NEWS

Temporary Regs Provide Rules for Expatriated Entities and Surrogate Foreign Corporations (T.D. 9265; NPRM REG-112994-06)

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IRS Increases Interest Rates for Calendar Quarter Beginning July 1,

2006 (IR-2006-89; Rev. Rul. 2006-30)
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STATE NEWS

Minnesota --Corporate, Personal Income Taxes: Omnibus Tax Bill Provides IRC Updates and Amends Other Provisions

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New York --Sales and Use Tax: U.S. Supreme Court Holds RICO Action Against Non-Collecting Competitor Requires Proximate Cause
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John H. Fisher
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