ICI today filed the attached complaint with the European Commission (EC) against Italy for violating European law by withholding tax on dividends paid to investment funds organized in the United States and certain other countries when tax is not imposed on comparable Italian funds.
As we discussed with the Tax Committee during our November Committee call, we are surveying members investing in India regarding their filing experiences.
The IRS has posted the latest in a series of early release drafts of the 2022 IRS Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments.
The Internal Revenue Service (IRS) has posted a draft copy of the Instructions for Forms 1099-R and 5498 (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.) for the 2022 tax year.
ICI submitted the attached letter to the EU Commission regarding the Inception Impact Assessment on an upcoming proposal for a "new EU-wide common system for the avoidance of double taxation and prevention of tax abuse in the field of withholding taxes."
The EU Commission released an Inception Impact Assessment in advance of its upcoming proposal on a "new EU-wide common system for the avoidance of double taxation and prevention of tax abuse in the field of withholding taxes." The initiative aims to facilitate cross-border investment...
ICI submitted the attached letter to the Treasury Department regarding reclaim amounts received by US regulated investment companies (RICs) from European Union countries under Article 63 of the Treaty of the Functioning of the European Union.
The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework or "IF") has announced agreement on a "two-pillar" solution for addressing the tax challenges arising from the digitalization of the economy. These pillars are crafted to exempt small and medium-size enterprises. Many...
The French Tax Administration today sent the Institute the attached letter that responds to our September 2020 request (attached) for guidance by which funds can request exemption from French withholding tax.
