U.S. Tax Review: FTC and PFIC Regs, FDII Guidance, CbC Reporting, And Cryptoassets

In this installment of U.S. Tax Review, Larissa Neumann and Julia Ushakova-Stein examine recent developments regarding the foreign tax credit regulations, foreign-derived intangible income guidance on deferred compensation, and the IRS’s new practice unit on country-by-country reporting, as well as comments on passive foreign investment company regulations and the OECD’s draft cryptoasset reporting framework.

Read the full commentary and analysis on Tax Notes, and read more insights on fenwick.com.