The Resource US update

US update

US update
US update
This is the third in a regular series of articles that examines recent significant developments regarding US tax matters as these relate to international taxation, including OECD Report on Hybrid Mismatch Arrangements and Aggressive Tax Planning; the Division of Corporation Finance of the US Securities and Exchange Commission (SEC) issues disclosure guidance on exposure to European sovereign debt; IRS reminder of FATCA compliance requirements for foreign financial institutions and/or qualified intermediaries; Final Regulations on interaction between check-the-box regulations and multiple-party financing arrangements; Temporary Regulations on allocation and apportionment of interest expense; Temporary Regulations provide guidance on requirement that individuals report foreign financial assets to the IRS; IRS reopens offshore voluntary disclosure program: future guidance to be issued for residents of US possessions; IRS extends and expands transition relief for certain Puerto Rico group and/or retirement trusts; IRS Field Advice: providing financial statements using IFRS to taxpayer's lending bank violates LIFO conformity requirements; IRS identifies new locations as being in the "North American Area" for purposes of deducting convention and meeting expenses; foreign banks' interest in partnership secured lenders, not capital interests; legislative update: Permanent Investigations Subcommittee issues addendum to foreign earnings repatriation report
Citation source
In: Bulletin for international taxation. - Amsterdam. - Vol. 66 (2012), no. 6 ; p. 328-334
Hammer, V
Geographic coverage
North America
Language note
  • hybrid financing
  • voluntary disclosure
  • expenses
  • case law
US update

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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