The U.S. IRS has announced the interest rates for overpaid and underpaid tax for the calendar quarter beginning 1 July 2019, which includes a reduction in the rates by 1%. The rates are 5% for both overpayments and underpayments by individuals, and 4% and 5% for corporate overpayments and underpayments, respectively. The rate for corporate overpayments exceeding USD 10,000 in a tax period is 2.5% on the portion exceeding that amount, and the rate for large corporate underpayments exceeding USD 100,000 is 7%. Revenue Ruling 2019-15, which includes the new interest rates and past rates, will be published in Internal...