On August 7, 2022, the US Senate passed the Inflation Reduction Act of 2022 (the Act), a budget reconciliation bill recently introduced by Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV). The bill...more
On May 28, 2021, the US Department of the Treasury (Treasury) released the Fiscal Year (FY) 2022 budget and Green Book, which provides detailed insights into the proposals of US President Joe Biden’s recently released...more
6/22/2021
/ Anti-Inversion Regulations ,
Base Erosion and Anti-Abuse Tax (BEAT) ,
Biden Administration ,
Country-by-Country ,
Federal Budget ,
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Foreign Tax Credits ,
GILTI tax ,
Green Book ,
International Tax Issues ,
IRS ,
Subpart F ,
Tax Incentives ,
U.S. Treasury
The final debt-equity regulations issued on May 13, 2020, finalize proposed section 385 regulations issued in 2016 without any substantive changes to the existing debt-equity regulations, and withdraw the temporary section...more