Tax Committee Content

ICI is surveying members regarding their experience with dividend tax withholding reclaims in Switzerland. In recent years, US regulated investment companies and collective investment trusts have experienced difficulties claiming treaty benefits to which they are entitled. These...

As a follow up to ICI's meeting with Indian Government officials on outstanding tax issues, ICI made the attached submission concerning capital loss offsets. The letter requests a modification of the Indian income-tax return (ITR) forms to enable taxpayers, including US regulated...

Several ICI member firms have reported receiving notifications from the Internal Revenue Service (IRS) informing them that their funds' tax information was leaked as part of the "Littlejohn" data breach at the IRS. These notices state that a former IRS contractor "has been charged...

On December 4th, Maine Revenue Service released proposed amendments to their income tax apportionment regulation, which include changes to the apportionment of receipts from services, but do not specifically address apportionment of receipts from asset management services.

On December 5, 2024, the Competent Authorities of the United States and Switzerland entered into an agreement confirming that certain US pensions and other retirement arrangements, including individual retirement savings plans, may be eligible for benefits under paragraph 3 of Article...