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On November 16, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-110059-20, proposed regulations relating to the modification of §958(b) of the Internal Revenue Code (“Code”) by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, modifying the ownership attribution rules applicable to outbound transfers of stock or securities of a domestic corporation under §367(a), and narrowing the scope of foreign corporations that are treated as controlled foreign corporations for purposes of the look-through rule under §954(c)(6), as published in the Federal Register on September 22, 2020.
The Chamber supports trade and investment policies on both sides of the Atlantic that are transparent, non- discriminatory, consistent with international obligations, and do not unduly restrict the free flow of goods, services, data, people, and capital.
Read our letter to the Colorado Department of Labor and Employment Regarding Proposed Regulations Implementing Part 2 of the Equal Pay for Equal Work Act
On October 30, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-107911-18, proposed rules concerning the limitation on the deduction for business interest expense after amendment of the Internal Revenue Code (Code) by the provisions commonly known as the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, and the Coronavirus Aid, Relief, and Economic Security Act, which was enacted on March 27, 2020, as published in the Federal Register on September 14, 2020.
The Chamber is a longtime advocate for stronger commercial ties between the United States and the European Union. According to a recent Chamber study, the U.S. and EU are together responsible for more than 40% of global gross domestic product, and transatlantic trade and investment support 16 million jobs on both sides of the Atlantic. In the U.S.
On Monday, October 26 2020, the Chamber submitted comments to the Department of Labor regarding RIN 1235-AA34--Independent Contractor Status under the Fair Labor Standards Act. These comments outline the importance of the gig economy and offers a number of recommendations.