Publication
Compliance Quarterly Türkiye
In this issue of Compliance Quarterly Türkiye, we continue to inform you of global and local compliance rules and regulations impacting Turkish businesses.
Foreign nongrantor trust for US beneficiaries: dos and don’ts
United States | Publication | April 2022
The throwback tax is the US tax law’s main tool for discouraging tax-free accumulation of income by foreign non-grantor trusts for US beneficiaries. Its complex rules are a dangerous minefield that should be avoided. This article reviews the operation of the throwback tax rules, and assesses the effectiveness of this trust anti-deferral regime in various fact patterns. It also discusses how the trust anti-deferral regime interacts with the US law’s foreign corporation anti-deferral regime, another minefield.
Download the Oxford Academic's Trusts & Trustees reprint
Co-head of Tax, United States
Email
bill.cavanagh@nortonrosefulbright.com
Recent publications
Publication
Incentivising Long Duration Electricity Storage – Ofgem’s call for input
Following the Department for Energy Security and Net Zero’s (DESNZ) October 2024 announcement on a proposed cap and floor regime for Long Duration Electricity Storage (LDES), Ofgem published its ‘call for input’ on Role, Plan, and response to the DESNZ on 18 December 2024 (Call for Input).
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