IRS issues final tax regulations on registered investment companies on imputed income of foreign affiliates and certain other foreign companies

IRS issues final tax regulations on registered investment companies on imputed income of foreign affiliates and certain other foreign companies

On March 18, 2019, the US Department of the Treasury and the Internal Revenue Service released final tax regulations for registered investment funds that are taxed as regulated investment companies (“RICs”) and that invest in 100% foreign subsidiaries (or other foreign companies and certain passive foreign investment companies or “PFICs”). The new regulations provide that […]