OrbitaxIRS Chief Counsel issues memorandum on ETI exclusion for purposes of subpart F income
|Approved Changes|United States
On 29 August 2012, the Official Gazette No. 621 published Government Ordinance No. 15 for amending the Tax Code. The Ordinance was enacted, with the following changes:
The Chief Counsel of the US Internal Revenue Service (IRS) has issued a memorandum that discusses the extraterritorial income (ETI) exclusion under repealed section 114(b) of the US Internal Revenue Code (IRC) for pur…
Continue Reading
