Tax Committee Content

During the March 9 Tax Committee meeting, members and ICI staff discussed the SEC's proposed changes to the Names Rule. The proposed rule would impose an 80% investment policy requirement on names that include terms suggesting that a fund focuses on investments that have, or whose...

ICI Global coordinated the nine national, regional, and global industry associations that sent Indian Government officials the attached letters urgently requesting that the concessional 5% withholding tax rate on interest income paid to foreign portfolio investors (FPIs) be made...

ICI, together with members and outside advisors, met recently with representatives from the Treasury Department and the Internal Revenue Service (IRS) to discuss certain provisions of the Inflation Reduction Act of 2022. Specifically, ICI has requested an exemption from the excise tax...

Registration is open for the next meetings of the ICI Tax Committee on March 9 and 10, 2023. The meetings will be held in the conference center on the first floor of ICI's building at 1401 H Street, NW, Washington, DC 20005.

We will hold in-person meetings of the ICI Tax Committee on March 9 and 10, 2023. Registration is now open. The meetings will be held in the conference center on the first floor of ICI's building at 1401 H Street, NW, Washington, DC 20005. Agendas will be circulated closer to the...

ICI Global submitted the attached letter to the Indian Government for consideration as they develop the 2023 Union Budget. The letter describes tax issues and proposes recommendations to address the global regulated fund industry's outstanding tax issues.

ICI and ICI Global will be holding a members-only zoom meeting on Monday, February 13, 2023 to discuss India's 2023 Union Budget. Russell Gaitonde and Madhav Kanhere, from Deloitte Haskins & Sells LLP in Mumbai, will lead the discussion.

The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Fall 2022 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations. As described in more detail...

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 2023 Union Budget. Many of these issues have been raised in prior ICI Global submissions. The current...