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Final regulations issued to curb FTC abuses

|Approved Changes|United States
United States

The US Treasury Department and Internal Revenue Service (IRS) have issued final, temporary and proposed to curb abuses caused by transactions that artificially generate foreign tax credits. The regulations were published in the Federal Register on 16 July 2008.

The final regulations replace the proposed regulations published on this topic in March 2007. In Novembe…

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