WASHINGTON, Oct. 21 (TNSFR) -- The U.S. Department of the Treasury Internal Revenue Service proposed regulations that would change how it determines if a qualified investment entity (QIE) is domestically controlled. This action removes a rule that considers the shareholders of some domestic corporations when calculating if foreign persons indirectly own stock in a QIE. The move comes after the IRS received feedback from taxpayers about the prior rule. Taxpayers cited the difficulty of tracing u  more

WASHINGTON, Oct. 21 (TNSFR) -- The National Credit Union Administration proposed a rule to codify the removal of reputation risk from its supervisory program, prohibiting the agency from taking adverse action against institutions solely based on that factor. The proposed regulation would forbid the parent agency from criticizing or acting against an institution, defined as an entity for which the agency makes supervisory determinations, because of reputation risk. This action aligns with the goa  more