The U.S. IRS and Treasury have issued correcting amendments to the final regulations (TD 9901) on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income. The correcting amendments were published in the Federal Register on 3 November 2020.
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SUMMARY:
This document contains corrections to the final regulations (Treasury Decision 9901) that were published in the Federal Register on Wednesday July 15, 2020. Treasury Decision 9901 contained final regulations…