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Layla Asali Comments on Foreign Tax Credit Rules in Bloomberg Law

"Treasury to Address Gap in Foreign Tax Credit Rules"

Bloomberg Law

Layla Asali commented on the U.S. Department of Treasury's position towards the availability of foreign tax credits for foreign taxes paid with respect to payments to disregarded entities. At the 2020 ABA Tax Section midyear meeting, panelists discussed the December 2019 proposed foreign tax credit regulations and the treatment of disregarded payments.