Our Federal & International Tax Group examines the long-awaited decision in Grecian Magnesite Mining, Industrial & Shipping Co., SA v. Commissioner. While a win for foreign investors in U.S. partnerships, it may not be the final word.
- Repudiates decades-long position of IRS
- May have a real impact on U.S. foreign investment
- May not be the last word on the subject
Read the full advisory here.