OrbitaxU.S. IRS Publishes Guidance on Transition Tax, Business Interest Expense Limitation, and Withholding on Transfer of Partnership Interests
|Approved Changes|United States
On 2 April 2018, the U.S. IRS announced the release of new guidance on computing the transition tax on foreign earnings, business interest expense limitations, and withholding on the transfer of partnership interests by foreign persons.
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Additional Guidance on Transition Tax on Foreign Earnings
The Treasury Department and the Internal Revenue Service today provided additional guidance …
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