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REG-100442-22: Guidance on the Foreign Government Income Exemption and the Definition of Domestically Controlled Qualified Investment Entities

Date: 2022-12-29
Links to Federal Register: HTML, PDF
Document Number: 2022-27971, RIN: 1545-BQ36
Action: Notice of proposed rulemaking.

Abstract: This document contains proposed regulations regarding the treatment of certain entities, including qualified foreign pension funds, for purposes of the exemption from taxation afforded to foreign governments (the "proposed regulations"). The proposed regulations also address the determination of whether a qualified investment entity is domestically controlled, including the treatment of qualified foreign pension funds for this purpose.

Word frequency
Notable phrases   Frequency
directly or indirectly      74
domestic C corporation      37
domestically controlled QIE      33
United States person      22
QIE is domestically controlled      20
foreign-owned domestic corporation      18
non-look-through persons(s)      18
qualified foreign pension      14
U.S. publicly traded QIE stock      9
nonresident alien individual or foreign corporation      5
50 percent of the fair market value of the stock      5
United States real property holding corporation       4

Reg. Cites   Frequency
1.892-5T(b)(1)      15
1.897-1(c)(2)(i)      7
1.897-1      6
1.897-1(c)(3)      6
1.857-8      5
1.897-9T(d)      5
1.897-1(c)(3)(iv)(A)      4
1.897-1(m)      4
1.892-5(b)(1)      4
1.897-9T      3
1.892-5      3
1.897-9T(c)      3
1.892-4T(c)(1)(i)      2
1.897-9T(e)      2
1.897-1(c)(3)(iv)(B)      2
1.892-5(b)(1)(i)      2
1.892-4(e)(1)(iv)      2
1.897(l)-1(d)      2
1.892-5T(a)      2
1.897-1(c)(3)(iii)(A)      2

Sec. Cites   Frequency
897(l)      33
897      24
892      19
897(h)(4)(B)      18
897(a)      16
897(c)(2)      7
897(h)      6
897(h)(4)(E)(i)      5
897(h)(4)(C)      5
897(h)(4)(E)      4
897(h)(1)      4
897(h)(4)(E)(ii)      3
7701      3
897(h)(4)(E)(iii)      2
897(l)(1)      2
7805(f)      2
7701(a)(18)      2
892(a)(3)      2
501(a)      2

Authorities Referenced:


Statistics

Number of pages: 12, words: 13,177, sentences: 404
Average words per sentence: 32