Ernst & Young Its Washington Dispatch

Far-reaching international tax legislation enacted -- President Obama signs landmark financial reform legislation -- House Ways and Means Committee holds hearing on business restructuring and transfer pricing issues -- IRS acquiesces in result only in Xilinx v. Commissioner -- IRS concedes remaining cost-sharing issue in Veritas Software case -- IRS issues welcome Industry Director Directive on GRAs -- IRS realigning, renaming LMSB division to Large Business and International division --US District Court decision highlights dispute resolution alternatives regarding foreign-initiated adjustments -- US Senate approves new US-Malta treaty, US-New Zealand tax protocol