IRS/Treasury guidance plan will likely affect all companies with global structures

US Outbound Newsalert

The IRS/Treasury’s 2013-2014 Priority Guidance Plan (the business plan) includes international tax regulatory projects which likely will affect companies with cross-border business activities. The annual business plan announces the regulatory projects that the Administration hopes to complete during the plan year, which runs from July 2013 to June 2014.

The 2013-14 business plan project that is likely to have the greatest impact on companies with cross-border activities is the finalization of foreign currency exchange rules under Section 987.

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