Tax Committee Content

The Australian Treasury is seeking comments on an updated proposal to require large multinational enterprises (MNEs) to publicly report selected tax items on either a country-by-country (CBC) or aggregated basis.

This attached draft memorandum for your review summarizes an approach for addressing tax issues that would arise if a stable-NAV money market fund used the reverse distribution mechanism (RDM) in a negative yield environment. RDM allows a fund to prevent NAV declines attributable to...

ICI submitted a comment on IRS Draft Form 7208 (Excise Tax on Repurchase of Corporate Stock) requesting that regulated investment companies (RICs) be exempt from filing the form as Internal Revenue Code section 4501(e)(5) expressly excludes RICs from the excise tax on repurchases of...

Attached for your review is a draft letter with recommendations to address the global regulated fund industry's outstanding tax issues, in priority order for consideration in India's 2024 Union Budget. Below are the specific recommendations, many of which have been raised in prior ICI...

The IRS issued Notice 2024-11, updating the list of US tax treaties (Notice 2011-64) that meet the requirements of section 1(h)(11)(C)(i)(II) for obtaining reduced capital gains rates on some dividend payments.

The Institute's 2023 surveys on state tax matters are now available on the Institute's website.

The Multilateral Convention (MLC) for "Amount A" of "Pillar One"—announced recently by the Organisation for Economic Co-operation and Development (OECD)— includes the ICI's recommendations for ensuring that asset managers qualify for the regulated financial services exception. Pillar...