Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by Regulated Investment Companies
other · IRS · Rule · Published 2007-08-24 · Effective 2007-08-24 · 72 FR 48551
Document
Document number
E7-16737
Federal Register citation
72 FR 48551
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2007-08-24
Effective date
2007-08-24
Treasury docket
TD 9357
Abstract
This document contains final regulations that generally eliminate country-by-country reporting by a regulated investment company (RIC) to its shareholders of foreign source income that the RIC takes into account and foreign taxes that it pays. This change is necessary to conform the regulations to changes in the tax law relating to the foreign tax credit. These final regulations will affect certain RICs that pay foreign taxes and the shareholders of those RICs.