The Resource Code Sec. 988 and the nonrecognition provisions - Part 1: transfers of foreign currency loans reveivable

Code Sec. 988 and the nonrecognition provisions - Part 1: transfers of foreign currency loans reveivable

Label
Code Sec. 988 and the nonrecognition provisions - Part 1: transfers of foreign currency loans reveivable
Title
Code Sec. 988 and the nonrecognition provisions - Part 1: transfers of foreign currency loans reveivable
Creator
Subject
Language
eng
Summary
Many multinational enterprises have significant amounts of nonfunctional currency borrowings and loans outstanding, including both loans between affiliates and external borrowings. Given the extreme volatiliy of the foreign currency markets in recent years, the amounts of unrealized foreign currency gains and losses on these loans can be staggering This article summarises the application of the corporate nonrecognition provisions to transfers of Code Sec. 988 assets, specifically loans receivable, and the applicable exceptions to nonrecognition treatment
Citation source
In: International tax journal. - Chicago. - Vol. 35 (2009),
http://library.link/vocab/creatorName
Harter, L.G
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • loan
  • foreign currency gains and losses
  • foreign currency
Label
Code Sec. 988 and the nonrecognition provisions - Part 1: transfers of foreign currency loans reveivable
Instantiates
Publication
Label
Code Sec. 988 and the nonrecognition provisions - Part 1: transfers of foreign currency loans reveivable
Publication

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