An IRS and U.S. Treasury Department notice of proposed rulemaking relating to the new Opportunity Zone tax incentive was published in the Federal Register. Comments on the proposal must be submitted by December 28, 2018.
The U.S. Department of the Treasury issued temporary regulations to implement the Foreign Investment Risk Review Modernization Act including a pilot program to protect American technology and intellectual property.
The Investment Company Institute urged the Federal Trade Commission and other authorities not to restrict common ownership by institutional investors or remove the shareholder rights of the clients of investment advisors.
The Internal Revenue Service withdrew and re-proposed certain portions of centralized partnership regime regulations that have not been finalized to reflect the changes in the 2018 Technical Corrections Act.