Aflac Issues Public Comment on IRS Proposed Rule
WASHINGTON, Feb. 9 -- Dan Trsic, vice president and director of tax at Aflac, Columbus, Georgia, has issued a public comment on the Internal Revenue Service proposed rule entitled "Guidance: Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income". The comment was written and posted on Feb. 8, 2021:
* * *
On September 29, 2020, the Treasury Department and the IRS issued proposed Treas. Reg. Sec. 1.861-14(h) which provides that, in computing income for purposes of the f...