Senior Administration and Congressional leaders have begun to negotiate legislation in an attempt to mitigate the economic impact of the coronavirus COVID-19, and while a variety of proposals will advance over the next few days,
Continue Reading Negotiations begin on legislation to mitigate economic impact of coronavirus outbreak: Congressional tax writers seek your input

By: Tom Geraghty and Zachary Nolan

On October 31, 2018, the US Treasury and the IRS released proposed regulations under Section 956 (the Proposed Regulations), which substantially limit the application of Section 956’s “deemed dividend”


Continue Reading Proposed regulations eliminate major US tax impediments to utilizing foreign subsidiaries for credit support