Date: 2022-11-22
Links to Federal Register: HTML, PDF
Document Number: 2022-25337, RIN: 1545-BQ46
Action: Notice of proposed rulemaking.
Abstract: This document contains proposed regulations relating to the foreign tax credit, including guidance with respect to the reattribution asset rule for purposes of allocating and apportioning foreign taxes, the cost recovery requirement, and the attribution rule for withholding tax on royalty payments.
| Notable phrases | Frequency |
|---|---|
| cost or expense | 57 |
| significant cost or expense | 34 |
| foreign tax law | 29 |
| cost recovery requirement | 27 |
| tested foreign tax | 21 |
| permit(s) recovery of substantially all of (each|an) item of (significant) cost or expense | 19 |
| right to use | 14 |
| license that is solely within | 14 |
| treated as a separate levy | 11 |
| withholding tax on royalties | 8 |
| consistent with any principle underlying | 6 |
| always treated as a significant cost | 5 |
| reasonable principles to the gross receipts | 4 |
| Reg. Cites | Frequency |
|---|---|
| 1.903-1(c)(2)(iv)(D) | 15 |
| 1.901-2(b)(5)(i)(B) | 11 |
| 1.903-1 | 8 |
| 1.901-2(d)(1)(iii)(B)(3) | 7 |
| 1.861-20(d)(3)(v)(E)(6) | 7 |
| 1.901-2 | 6 |
| 1.903-1(c)(2) | 6 |
| 1.861-20 | 5 |
| 1.903-1(c)(2)(iii)(B) | 5 |
| 1.901-2(d)(1)(iii) | 5 |
| 1.901-2(b)(5)(i)(B)(2) | 5 |
| 1.901-2(b)(4)(i) | 5 |
| 1.901-2(d)(1)(iii)(B)(1) | 4 |
| 1.901-2(b)(4)(i)(C)(1) | 3 |
| 1.903-1(c)(2)(iv)(A) | 3 |
| 1.901-2(g) | 3 |
| 1.903-1(d)(3) | 2 |
| 1.903-1(c)(2)(iii) | 2 |
| 1.901-2(b)(5)(i)(B)(1) | 2 |
| 1.861-20(d)(3)(v)(C)(1)(ii) | 2 |
| Sec. Cites | Frequency |
|---|---|
| 901 | 3 |
| 482 | 3 |
| 7805(f) | 2 |
| 61 | 1 |
| 901(k)(1)(B) | 1 |
| 280G | 1 |
| 162(m) | 1 |
| 267A | 1 |
| 162 | 1 |
| 904 | 1 |
| 267(c)(3) | 1 |
| 267(b) | 1 |
| 861 | 1 |
Statistics
Number of pages: 16, words: 16,771, sentences: 501
Average words per sentence: 33