On 28 February 2020, a correction from the IRS and Treasury to the final regulations on the Base Erosion and Anti-Abuse Tax was published in the Federal Register.
---
SUMMARY:
This document contains corrections to final regulations (TD 9885) that were published in the Federal Register on Friday, December 6, 2019. The final regulations implements the base erosion and anti-abuse tax, designed to prevent the reduction of tax liability by certain large corporate taxpayers through certain …