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Tax News & Views: October 20, 2005 - İngiltere
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Proposed Regulations Provide Details on Section 199 Deduction for Domestic Production Activities
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Issue Number
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No. 6, Vol. 46
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Author
Tax Policy Services Group, Deloitte Tax LLP
- Proposed Regulations Provide Details on Section 199 Deduction for Domestic Production Activities – In long-awaited proposed regulations under section 199 on the deduction for domestic production activities, the Treasury Department and the IRS address key issues such as the “shrinkback” rule and gross receipts attributable to the sale of land.
- Tax Reform Panel to Recommend Cutting R&D, Other Business Breaks as Part of Proposals – The President’s Advisory Panel on Federal Tax Reform this week began unveiling details of two tax reform proposals that will likely be in the panel’s final report, including the possible elimination of the research and development and other “special” business tax credits.
See attached file for details.
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©2012 Deloitte Türkiye.
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