Taxes Content

The Office of Information and Regulatory Affairs recently released its Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions (Agenda), which includes updated Agency Rule Lists from the Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS)...

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...

On June 9, 2023, ICI submitted the attached letter requesting that the Treasury Department and Internal Revenue Service include guidance on certain issues concerning retirement security on their 2023–2024 Priority Guidance Plan. ICI submitted a separate letter with recommendations...

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.

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").

We recently became aware of a change to Iowa state law that, effective for tax years beginning January 1, 2023 or later, excludes from taxation certain types of retirement income for eligible taxpayers. Previously retirement income was included in net income for Iowa state income tax...

ICI has been engaged with US Treasury and Internal Revenue Service (IRS) officials regarding significant difficulties experienced by collective investment trusts (CITs) in receiving treaty benefits. The attached letter, memorandum, and addendums follow up on a recent meeting between...

ICI submitted the attached letter to Treasury and IRS requesting guidance and relief relating to the SECURE 2.0 Act, which was signed into law on December 29, 2022 and makes several changes to the rules for retirement plans, IRAs and 529 plans.

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...