IPA Submits Comments on Proposed Section 892 Regulations
On February 13, the IPA submitted formal comments to the U.S. Department of the Treasury and the Internal Revenue Service regarding proposed amendments to regulations under Section 892 of the Internal Revenue Code.
Section 892 is designed to encourage foreign government investment into the United States by providing a tax exemption for certain passive investment income. IPA’s comments express concern that aspects of the proposal could unintentionally narrow that exemption, particularly around debt-investment safe harbors and the definition of effective control.
IPA urged regulators to clarify the treatment of minority investor protections, modernize safe harbors to reflect current market practice, provide transition relief, and ensure clear reliance standards for withholding agents.
Read IPA's full letter by clicking here: https://cdn.prod.website-files.com/66c3826d1206d773e42e67f5/69962e08052ea844b99b41b8_Institute%20for%20Portfolio%20Alternatives_REG-101952-24_Section%20892%20Comment%20Letter.pdf
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