Finance & markets · 15/01/2021Updated: 10/17/2026 · 1 min read
US Proposes Regulations on Passive Foreign Investment Companies and Qualified Improvement Property
Summary
The US Treasury Department has released proposed regulations on the treatment of foreign corporations as passive foreign investment companies and the calculation of qualified business asset investment for qualified improvement property under the alternative depreciation system, affecting US persons with foreign corporation interests and domestic corporations eligible for the foreign-derived intangible income deduction.