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IRS Rules Make Nonprofits' Offshore Tax Strategy 'Bullet-Proof,' Bloomberg Tax

April 23, 2020

Morgan Lewis partner Alexander Reid spoke with Bloomberg Tax about the US Internal Revenue Service’s proposed regulations regarding codifying income that is generated by offshore private equity investments. In the article, he discussed the implications of the regulations. “The good thing from a tax professional standpoint is that these rules are now something to cite that is bullet proof—now a blocker is a blocker and the income it generates is a dividend,” Alex said.

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