For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
The New York State Bar Association Tax Section urges caution—and perhaps reconsideration—in proceeding with legislation (H.R. 62) that would sharply reduce U.S. tax benefits for foreign multinational corporations by treating them as domestic corporations for tax purposes if they are primarily managed and controlled in the United States. In a letter to lawmakers and government officials accompanying a 51-page report, the tax section said it is also concerned by specific language in the bill that would curtail benefits for investment entities, such as hedge funds, securitization vehicles, and other pooled investment funds with U.S. sponsors.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)