{"abstract":"This document contains proposed regulations under the subpart F income and global intangible low-taxed income provisions of the Internal Revenue Code regarding the treatment of certain income that is subject to a high rate of foreign tax. This document also contains proposed regulations under the information reporting provisions for foreign corporations to facilitate the administration of certain rules in the proposed regulations. The proposed regulations would affect United States shareholders of controlled foreign corporations.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/07/23/2020-15349.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"85 FR 44650","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0024-0001","comments_close_on":"2020-09-21","correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by September 21, 2020. Requests for a public hearing must be submitted as prescribed in the \"Comments and Requests for a Public Hearing\" section.","disposition_notes":null,"docket_ids":["REG-127732-19"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":20,"comment_start_date":"2020-07-23","updated_at":"2024-11-06T19:20:05.324-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0024-0001","allow_late_comments":true,"id":"IRS-2020-0024-0001","comment_end_date":"2020-09-22","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2020-0024","title":"Guidance Under Section 954(b)(4) Regarding Income Subject to a High Rate of Foreign Tax (REG-127732-19)"}],"document_number":"2020-15349","effective_on":null,"end_page":44675,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/07/23/2020-15349.xml","html_url":"https://www.federalregister.gov/documents/2020/07/23/2020-15349/guidance-under-section-954b4-regarding-income-subject-to-a-high-rate-of-foreign-tax","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-15349?publication_date=2020-07-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-07-23/2020-15349/mods.xml","not_received_for_publication":null,"page_length":26,"page_views":{"count":14040,"last_updated":"2026-10-25 08:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-07-23/pdf/2020-15349.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-15349.pdf?1595276112","publication_date":"2020-07-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/07/23/2020-15349.txt","regulation_id_number_info":{"1545-BP62":{"issue":"202310","html_url":"https://www.federalregister.gov/regulations/1545-BP62/guidance-under-section-954-b-4-rules-for-high-taxed-subpart-f-income-and-section-964-rules-for-deter","title":"Guidance Under Section 954(b)(4) (Rules for High-Taxed Subpart F Income) and Section 964 (Rules for Determining the Earnings and Profits of a Foreign Corporation)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202310&RIN=1545-BP62&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BP62"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP62/guidance-under-section-954-b-4-rules-for-high-taxed-subpart-f-income-and-section-964-rules-for-deter","title":"Guidance Under Section 954(b)(4) (Rules for High-Taxed Subpart F Income) and Section 964 (Rules for Determining the Earnings and Profits of a Foreign Corporation)"},"comments_count":20,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0024","supporting_documents_count":0,"docket_id":"IRS-2020-0024","document_id":"IRS-2020-0024-0001","regulation_id_number":"1545-BP62","title":"Guidance Under Section 954(b)(4) Regarding Income Subject to a High Rate of Foreign Tax (REG-127732-19)","checked_regulationsdotgov_at":"2024-11-07T00:02:26Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2020-0024-0001","significant":false,"signing_date":null,"start_page":44650,"subtype":null,"title":"Guidance Under Section 954(b)(4) Regarding Income Subject to a High Rate of Foreign Tax","toc_doc":"Income Subject to a High Rate of Foreign Tax","toc_subject":"Guidance:\n","topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":85}