The U.S. IRS and Treasury have issued correcting amendments to the final regulations (TD 9885) on the Base Erosion and Anti-Abuse Tax. The correcting amendments were published in the Federal Register on 14 August 2020 --- SUMMARY: This document contains corrections to final regulations (TD 9885) that were published in the Federal Register on Friday, December 6, 2019. The final regulations implementing the base erosion and anti-abuse tax, designed to prevent the reduction of tax liability by certain large corporate taxpayers through certain payments made to foreign related parties and certain tax credits. DATES: Effective date: The final regulations are...