Tax Bulletin International Tax Chronicle
On December 17, 2010, the U.S. Congress passed and signed the Unemployment Insurance Reauthorization and Job Creation Act of 2010 (UIRAJC). This Act includes, among others, certain highly-anticipated provisions regarding the application of estate tax after 2010. The Act also impacts the gift tax provisions and generation-skipping transfer tax. The purpose of this Bulletin is to highlight the changes to the estate tax as a result of the UIRAJCA.