Final regulations clarify that investors in certain lending businesses can qualify for a reduced rate of tax.
Proposed regulations under Section 163(j) of the tax code may have a significant impact on multi-nationals that incur third-party and intercompany debt at the foreign subsidiary level.
Where does the HMRC rank relative to other creditors? A recent proposal might change the answer.
The IRS has advised that it intends to prioritize guidance regarding the tax treatment of cryptocurrency transactions and enforcement efforts against taxpayers who fail to comply.