Tax Committee Content

The Public Company Accounting Oversight Board (PCAOB) recently issued a proposal for public comment, which would amend auditing standard AS 2405 pertaining to an auditor's responsibility in assessing a company's noncompliance with laws and regulations, including instances of fraud...

The European Commission recently proposed a Council Directive (known as "FASTER") for improving tax treaty relief on cross-border investments. FASTER is designed for cross-border dividend payments—for which investors resident in treaty partner countries typically are eligible for...

The Management Company Tax Subcommittee will hold a virtual committee meeting on August 1, 2023, at noon (ET). This subcommittee deals with legislative, regulatory, and compliance issues (in federal, state, and international contexts) affecting the taxation of fund management...

Notice 2023-36 invited public comment on recommendations for Treasury's 2023–2024 Priority Guidance Plan. ICI submitted the attached letter largely based on prior recommendations except for an addition regarding Inflation Reduction Act provisions on non-regulated investment companies...

ICI Global coordinated the twelve national, regional, and global industry associations that made a submission to the Australian Government addressing substantial concerns with a draft proposal to require multinational tax transparency through public country-by-country (CbC) reporting.

Notice 2023-36 invites public comment on recommendations for Treasury's 2023-2024 Priority Guidance Plan. The attached draft letter is largely based on prior recommendations except for an addition regarding Inflation Reduction Act provisions on non-regulated investment companies (RICs...

The July Tax Committee Call will be held on Thursday, July 27, 2023, at 11:00 a.m. (ET) and the August Tax Committee Call will be held on Thursday, August 17, 2023, at 11:00 a.m. (ET). Registration for the June 20-21 Tax Committee Meeting in Chicago is also open.

On May 22, ICI submitted the attached letter supplementing our comments on the Commission's proposed amendments ("Proposal") to Rule 35d-1 under the Investment Company Act of 1940 ("Names Rule").