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U.S. Senator Requests Treasury to Provide BEAT Exception for Manufacturing Service Agreements

|Proposed Changes|United States
United States

In a letter to Treasury Secretary Steven Mnuchin dated 4 April 2019, U.S Senator Thom Tillis (R-NC) has requested that an exception be included in the final Base Erosion and Anti-Abuse Tax (BEAT) regulations for payments made by U.S. manufacturers to foreign affiliates for services. In particular, the exception is requested in cases where such affiliates are providing services in connection wit…

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