On 14 September 2016, the U.S. IRS announced the interest rates for overpaid and underpaid tax for the fourth quarter of the year beginning 1 October 2016, which are unchanged from the previous quarter. The rates are 4% for both underpayment and overpayment by individuals, and 3% and 4% for corporate overpayments and underpayments respectively.

The rate for corporate overpayments exceeding USD…