Service and Treasury issue final regulations modifying the New Markets Tax Credit Program to promote further investment in non-real-estate businesses in low-income communities *

USA - February 19 2013
In T.D. 9600, which was issued last Fall, the Service issued final regulations modifying the new markets tax credit ("NMTC") program to promote…

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United States and Japan sign new protocol to amend the Japan-U.S. income tax treaty *

Japan, USA - February 12 2013
As reported by the tax press and news release by the Treasury, Japan's Ambassador to the United States, Kenichiro Sasae and U.S. Treasury Deputy…

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Treasury and Internal Revenue Service issues final and proposed regulations on the treatment of noncompensatory partnership options and convertible securities *

USA - February 5 2013
Final regulations were issued (T.D. 9612) effective February 5, 2013 on the treatment of noncompensatory options and convertible instruments issued…

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IRS Deputy Commissioner (international), large business and international division criticizes India's competent authority and tax administration features *

India, USA - February 2 2013
The Convention and Protocol between the United States of America and the Republic of India signed on September 12, 1989 (“the Convention”)…

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Treasury and service issue final regulations under the Foreign Account Tax Compliance Act *

USA - January 28 2013
FATCA was enacted into law under the Hiring Incentives to Restore Employment Act of 2010 ("HIRE Act") which set forth, in new Chapter 4, Sections…

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