FTC guidance provides certainty, includes surprises (10:02)

Elizabeth Nelson, Wade Sutton
Thursday, December 14, 2023

The recently released Notice 2023-80 addressing three different aspects of the foreign tax credit and other rules. While there is some certainty in the guidance, there are some surprises as well. Wade Sutton and Elizabeth Nelson walk through the details of the notice and what taxpayers can expect in the coming months.

Elizabeth Nelson, Partner, PwC’s International Tax Services Practice
Wade Sutton, PwC’s National Tax Services International Tax Services Leader
Sindhu Blume, Host, Policy on Demand

In case you missed it:
Treasury releases guidance on the GloBE rules and foreign tax credit
FTC relief: Compliance and financial statement considerationsl (7/26/23)
Global Tax TalkPwC’s Pillar Two Country Tracker (Updated 12/11/23)


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