Tax Committee Content

The Internal Revenue Service (IRS) has announced that it will accept electronic and digital, rather than just handwritten, signatures on certain tax forms indefinitely.

The attached draft letter to Financial Crimes Enforcement Network (FinCEN) urges modifications to the existing requirements to report information on foreign financial accounts and FinCen Form 114, Report of Foreign Bank and Financial Accounts (FBAR). This letter is in response to...

The Treasury Department and the Internal Revenue Service ("IRS") have released the 2023-2024 Priority Guidance Plan, listing their priorities for tax regulations and other administrative guidance through June 2024.

The Internal Revenue Service (IRS) today issued guidance requested by the ICI that will exempt from the wash sale rule any loss incurred by a shareholder in a money market fund with a stable net asset value (NAV). We requested this guidance because liquidity fees imposed by such funds...

The ICI crafted and submitted the attached letter in coordination with the Investment Association to the European Commission re the recently proposed Council Directive (known as "FASTER") for improving tax treaty relief on cross-border investments. The proposed FASTER directive...

The ICI Year-End Reporting Layouts have been modified for improved functionality.

For your review is a draft joint letter from the ICI and the Investment Association to the European Commission re the recently proposed Council Directive (known as "FASTER") for improving tax treaty relief on cross-border investments. The letter focuses on the impact of the FASTER...

On July 26, 2023, ICI Global—together with the Asia Securities Industry and Financial Markets Association's Asset Management Group (ASIFMA AMG), the European Fund and Asset Management Association (EFAMA), and the Securities Industry and Financial Markets Association's Asset Management...