SIA Submits Comments to the US Department of Treasury and the IRS on Proposals Relating to Global Dealings Operations
Summary
The Federal Taxation Committee of the Securities Industry Association (SIA)* provides comments to the U.S. Department of Treasury and the Internal Revenue Service (IRS) on a proposal addressing the allocation and sourcing of income and deductions among taxpayers engaged in a global dealing operation. SIA offers its observations and recommendations regarding the proposal.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.