ISITC US Corporate Actions Tax Group Looks at Standardization


The US chapter of industry association ISITC has for the first time created a separate corporate actions tax sub-working group, reflecting the increased focus on tax-related corporate actions challenges.

The US market has seen the introduction of new guidance on tax reporting requirements recently, with the first phase of cost-basis reporting requirements being implemented this year and the Foreign Account Tax Compliance Act being scheduled for 2013.

The ISITC corporate actions tax sub-group was

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