U.S. Chamber Comments on REG–110059–20: Ownership Attribution Under Section 958 for Purposes of Sections 367(a) and 954(c)(6)

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)[1] 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.

Statement of the U.S. Chamber of Commerce on Section 301 Investigation on Vietnam's Acts, Policies, and Practices Related to Currency Valuation

Comments to EEOC re: Conciliation Procedures

Read our comments to EEOC on the proposed update of the Commission’s Conciliation Procedures

U.S. Chamber Comments on REG-107911-18: Rules Concerning the Limitation on the Deduction for Business Interest Expense

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.