Inexplicably, Section 956 Survives Tax Reform Intact

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How did a section of the Internal Revenue Code destined for repeal by both the House and Senate versions of the Tax Cuts and Jobs Act survive the final Act? Our International Tax Group examines the future application of Section 956 in the wake of the new tax regime.

  • Section 956’s 50-plus-year history
  • The House and Senate versions
  • Scope of application

Read the full advisory here.