United States Tax News

UK-US FATCA agreement signed

23 October 2012

Advance agreements between related parties properly characterized as equity

23 October 2012

Temporary regulations issued regarding payment of dividend equivalents from US sources

23 October 2012

US Court of Appeals affirms retrospective global interest netting for tax underpayments and tax overpayments

14 October 2012

Treaty between US and Canada – IRS releases competent authority agreement regarding application of Authorized OECD Approach (AOA)

14 October 2012

US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

14 October 2012

Treaty between India and United States – Indian decision on the sale of copyrighted software is not in the nature of royalties

3 September 2012

Final regulations issued on treatment of overall foreign and domestic losses (OFLs and ODLs) for FTC limitation

3 September 2012

Relief provided under PFIC rules for foreign banks holding government bonds

3 September 2012

Proposed regulations issued on high-taxed passive income and OFL recapture for FTC limitation

3 September 2012

Foreign entity's advance to its US subsidiary characterized as loan

29 July 2012

Final regulations issued on surrogate foreign corporations in offshore inversion transactions

29 July 2012

IRS issues drafts of revised withholding certificates for foreign beneficial owners

29 July 2012

US Court of Appeals allows FTC for UK windfall tax

29 July 2012

Regulations issued on substantial business activities in offshore inversion transactions

29 July 2012

Regulations issued regarding upfront payments made by CFC under NPC

25 July 2012

US Court of Federal Claims: position of taxpayer upheld under FSC regime

25 July 2012

US taxpayer's investment in foreign entity re-characterized as loan

25 July 2012

US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

21 June 2011

2012 Budget – President submits to Congress

30 March 2011

US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

28 February 2011

Protocol to treaty between New Zealand and United States enters into force

9 January 2011

Treaty between Malta and United States enters into force

9 January 2011

US Congress enacts FTC and other international tax reforms

6 September 2010

Treaty between Spain and US – Spanish National Court holds payments for software subject to 10% withholding tax (general rate for "other royalties")

17 July 2010

US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

13 June 2010

Treaty between Chile and United States – details

23 March 2010

2011 Budget – President submits to Congress

23 March 2010

Protocol to treaty between United States and France enters into force

20 January 2010

Treaty between Italy and US enters into force

20 January 2010