Sequestration haircut for Section 1603 payments
The Treasury Department said on 4 March that an 8.7 per cent haircut will apply to Treasury cash grants paid for the remainder of this fiscal year due to sequestration. The fiscal year ends on 30 September. A new haircut percentage will have to be calculated for grants paid after that, assuming sequestration remains in effect.
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Briefings from Chadbourne & Parke
The ABA Tax Section’s May meeting hosted a panel discussion concerning the IRS’s start of construction guidance (Notice 2013-29).
Chadbourne & Parke’s John Marciano looks at the high-level tax considerations surrounding investment in non-US projects.