May 18, 1990
TO: TAX COMMITTEE NO. 11-90
ACCOUNTING/TREASURERS COMMITTEE NO. 14-90
INTERNATIONAL FUNDS TASK FORCE NO. 10-90
RE: JUNE 7, 1990 INTERNATIONAL TAX ISSUES MEETING
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A meeting will be held at the Institute on Thursday,
June 7, 1990 at 10:00 a.m. to discuss several international tax
issues. Lunch will be served during the meeting, which may well
continue into mid-afternoon.
The items for discussions will include:
(1) possible regulatory solution to the passive foreign
investment company (PFIC) issue,
(2) status of industry discussions with the U.K. Inland
Revenue regarding withholding on dividends paid to
funds organized as Massachusetts business trusts,
(3) reporting issues relating to the section 853 flow-
through of the foreign tax credit,
(4) compliance issues relating to nonresident alien
investors, and
(5) updates on industry tax proposals designed to
encourage foreign investment in U.S. funds.
Please call David Mangefrida (at 202/955-3521) or me (at 202/955-
3585) if there are other international tax issues that you would
like to discuss at this meeting.
If you plan to attend the meeting, please let Berlaunder
Barnes at the Institute (202/955-3518) know by Tuesday, June 5.
Materials will be distributed in advance of the meeting to
persons who contact Ms. Barnes by Friday, June 1.
Keith D. Lawson
Associate General Counsel