IRS to consider repatriation as relief factor in double taxation cases

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The US Internal Revenue Service (IRS) has said it will consider certain circumstances in which it could provide relief from double taxation resulting from application of the repatriation tax, as amended by the Tax Cuts and Jobs Act (TCJA) 2018. Following a review, the IRS has determined that in some instances, such as where a company has paid an unusual dividend for business reasons, it may be  provide relief from double taxation. The concession relates to article 965, and came to the IRS's attention through an inquiry via a taxpayer who explained in detail why its situation fell outs...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.