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The Job Creation and Worker Assistance Act of 2002 has established a provision that net operating losses may be carried back to previous tax years. However, alternative minimum tax provisions could limit the refunds some companies receive as a result of this. This should be changed so that companies can get the full benefit of the loss carryback rules.

The article offers information on the panel discussion held at the16th Annual Tax Policy and Practice Symposium held on February 12-13, 2015 in Washington, D.C. which featured panelist several tax executives including Hank Gutman, Robin Beran and Eric Toder. Topics discussed include tax revenue sources and distribution of government spending in the U.S., the evaluated potential alternatives, replacements and enhancements to the corporate income tax and benefits of consumption taxation.

The article presents a panel discussion focuses on parity between corporate entities and passthrough entities featuring tax officer William L. Curry, attorney Kenneth W. Gideon, attorney Simon Palmer, Judge Bill Thomas, and tax scholar Alan D. Viard. Topics include the taxation of business income, tax shifting, and U.S. internal revenue law.

The article presents a panel discussion on the proposals to amend the taxation on foreign-source intangible income in the U.S. Topics include U.S. President Barack Obama's fiscal year 2013 Budget and Framework for Business Tax Reform, the low effective tax rate for foreign income, and the taxation on highly mobile assets.

The article focuses on the importance of corporate tax risk management. Topics include corporate risk management strategies, commercial taxation law in Great Britain, and the role of corporate audit committees. Information is provided on enterprise risk management (ERM), along with a panel discussion on corporate risk.