
Taxing FX of Branches: the new Section 987 regulations
Cross-border Tax Talks
Implications of Section 987 Regulations for Banks and Insurance Companies
This chapter discusses the implications of the new Section 987 regulations for banks and insurance companies operating in multiple branches, including the need to pay attention to the regulations and the potential amount of work for taxpayers in those areas. It explores the rules surrounding partnership interests and stock, explaining the changes in the definition of a qualified business unit over time.
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