Bloomberg Tax
June 6, 2019, 8:45 AM

IRS Works to Wrap Up International Rules This Summer

Siri Bulusu
Siri Bulusu

The IRS is preparing to finalize several regulations this summer implementing the international provisions of the 2017 tax overhaul—a welcome development for companies seeking clarity on a host of issues.

Agency officials said final rules meant to ensure companies pay a minimum levy on offshore profits in low-tax countries could be out by June 22, but three others are in the pipeline awaiting action—a full 18 months after the tax law was signed.

Tax practitioners say they need answers on numerous issues, such as determining how they should calculate liabilities under a new income category, verify eligibility for a new ...

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