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Bipartisan Letter from U.S. House Committee on Ways and Means Seeks Implementation Extension for FTC Guidance Regulations

|Approved Changes|United States
United States

U.S. Representative Kevin Hern (R-OK) recently issued a release on a bipartisan letter from members of the House Committee on Ways and Means to Treasury Secretary Janet Yellen concerning foreign tax credit regulations issued at the end of 2021. The regulations, Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income (TD 9959), were released on 28 December…

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