11/11/2023 0 Comments Intercompany loan![]() parent company’s repatriation transaction, involving an intercompany loan from a lower-tier controlled foreign corporation (CFC) to an upper-tier CFC followed by repatriation of the loan proceeds via a distribution to a domestic subsidiary, was properly treated as a nontaxable return of capital. Thousands of firms of accountants and advisers are already using their primary TAX resource.Īt a cost of just £1 per day, it’s a no brainer: FREE up your MIND and your TIME (and your wallet).Īnd.we run our Virtual Tax Partner support service, if you need assistance with a particular query or technical issue.Illinois Tool Works Inc.
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