The International Tax Institute, Inc. holds monthly seminars in mid-town Manhattan on current subjects of international tax law. 

We provide continuing legal and professional education (CLE and CPE) credits to international tax attorneys and accountants.  Founded in 1961, we are a 501(c)(3) organization.


Now is the time to join or renew your membership for the 2012 year!
Please click on the Membership or Online Store tab, above, to join or renew.

Wednesday, February 8, 2012

Section 892 Proposed Regulations --
A Big Step Towards Fixing a Big Mess

with

Ronald A. Dabrowski
Deputy Associate Chief Counsel (International-Technical)
Internal Revenue Service

William McRae
Cleary Gottlieb Steen & Hamilton LLP

Gordon Warnke
Dewey & LeBoeuf LLP

Proposed regulations issued under section 892 this past November, and related proposed regulations issued under section 871(m) this January, set forth the first and very constructive set of guidance since 1988 on a number of vexing U.S. tax issues affecting foreign governments.  Section 892, which provides exemption for certain limited categories of U.S. source financial income, once was a sleepy little provision relating primarily to one-off investments in the US by foreign governments or their controlled entities.  Given the increasing prevalence of sovereign wealth fund and sovereign pension fund investments in the U.S. economy, our distinguished speakers will examine some of these vexing issues, including the "all or nothing" rule under which a controlled entity, but not the sovereign itself, can lose the benefits of section 892 completely as a result of realizing even a dime's worth of unrelated "commercial activity" income, and will discuss how they are addressed under the proposed regulations, as well as suggest areas where additional guidance might be appropriate.

Time:  12:15 pm - 2:00 pm

Location:  Grand Hyatt New York at 109 East 42nd Street, New York, NY

To register, click  "Online Store"        

Our Corporate Members:

Alston & Bird LLP
Arthur Cox
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Blake, Cassels & Graydon LLP
Cadwalader, Wickersham & Taft LLP
Charles River Associates
Colgate Palmolive Company
Curtis, Mallet-Prevost, Colt & Mosle LLP
Davies Ward Phillips & Vineberg LLP
Dewey & LeBoeuf LLP
Ernst & Young
Fox Horan & Camerini LLP
Friedman LLP
Funaro & Co., PC
Greenberg Traurig LLP
Hamilton & MacAvery CPAs
Holland & Knight LLP
Jefferies & Company, Inc.
Kaye Scholer LLP
KPMG LLP
Loyens & Loeff
Marks Paneth & Shron LLP
Matheson Ormsby Prentice
Mayer Brown LLP
McCarter & English
McDermott, Will & Emery LLP
NautaDutilh New York P.C.
Osler, Hoskin & Harcourt LLP
Pearson Inc.
PepsiCo, Inc.
PriceWaterhouseCoopers LLP
Proskauer Rose LLP
Roberts & Holland LLP
Rothstein Kass
Shearman & Sterling LLP
Sheehan & Company, C.P.A., P.C.
SNR Denton
Stikeman Elliott LLP
Torys LLP
Viacom International, Inc.
Vivendi
Weil, Gotshal & Manges LLP 

Thank you for your support! 

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Contact Us:

Phone:  212.513.3555
Fax:       212.385.9010
Email:    amy.leal at hklaw dot com

Mailing address:

International Tax Institute, Inc.
c/o Holland & Knight LLP
31 West 52nd Street
New York, NY 10019