Both Section 987 and the 1991 proposed regulations
require the taxable income or loss of a Section 987 QBU be computed in its functional currency and then translated at the average exchange rate (generally, an average of the daily exchange rates) into the functional currency of its owner.
Auditing firms will likely inquire into whether a corporation has contemporaneous documentation to support its intercompany transactions, especially in light of the new regulations
However, the IOM report specifically warns against computing league tables across regulations
or areas of regulation
, noting that what is considered a benefit and what should be counted as a cost differs from analysis to analysis.
The states claimed the turf of insurance regulation
early on, and the federal government raised little objection.
The California Department of Fish and Game has released the 2005 ocean sportfishing regulations
for groundfish on the Internet at www.
Since that was the SEC's goal in issuing regulation
FD, companies actually or seemingly not complying may attract the attention of the commission's enforcement division.
The federal government's ability to regulate within an area is significant because federal regulation
means that a single, nationwide scheme may be in effect, rather than potentially dozens of conflicting or overlapping state schemes.
Many states have recently revised their assisted living regulations
in an attempt to keep pace with the growth of the industry and the changing needs of the residents it serves.
This panel must consist of experts with "recent professional experience" in the area of regulation
While the Stark Amendment became effective on January 1, 1992, final regulations
have not yet been issued.
When these regulations
are fully implemented, EPA estimates that the cost to industry will be nearly $1 billion a year.
The power generation technologies that were compared to Beacon's flywheel regulation
included two types of coal-fired power plants: base-loaded and "peaker;" two types of natural gas combustion plants: base-loaded and peaker; and a pumped-storage hydro system.
were issued and amended on a range of issues.
But the first inklings of regulation
appeared a little earlier--during the economic woes of the end of the 19th century.
Insurers and regulators continue to debate the pros and cons of insurance regulation
as it is--on a state-by-state basis--and as some would like it to be--with an option for federal oversight.