Sep 22, 2020· Comment from Caroline Harris, U.S. Chamber of Commerce· IRS-2020-0024-0007
Please find attached the Chambers comments on REG-127732-19, proposed regulations under the subpart F income and global intangible low-taxed income provisions of the Internal Revenue Code regarding the treatment of certain income that is subject to a high rate of foreign tax, as well as proposed regulations under the information reporting provisions for foreign corporations to facilitate the administration of certain rules in the proposed regulations, as published in the Federal Register on July 23, 2020.