International Guidance Likely by Thanksgiving: ABA Tax Update

Treasury could release guidance on four international projects within six weeks, a senior official says; OMB hiring of tax specialists “is in full swing,” its chief of staff says; companies that earn more than 5 percent or 10 percent of their income from specified service or trade business activity will be blocked from business deduction; and investment managers are among those impacted by a U.S. Supreme Court decision on taxing remote sales.

Treasury and IRS officials are speaking Oct. 5 and Oct. 6 at the American Bar Association tax section meeting in Atlanta.

Base Erosion Tax, Foreign Tax Credit Rules ...