EYUS foreign tax credit regulations revamp creditability rules for foreign income taxes and include several other key changes
|Tax Alerts, National/Federal Taxation, L ...|United States
Executive summary
On 4 January 2022, the United States (US) Treasury Department published its third set of final regulations (T.D. 9959, the Final Regulations) on foreign tax credits since the enactment of the Tax Cuts and Jobs Act (TCJA). The Final Regulations adopt proposed regulations that were published on 12 November 2020 (the Proposed Regulations), with some modifications. For an Alert discus…
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