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TREAS/IRS RIN: 1545-BM88 Publication ID: Fall 2015 
Title: ●Post-inversion Acquisitions to Avoid Section 956 and Transactions to De-control or Significantly Dilute CFCs (Temporary) 
Abstract:

These temporary regulations will incorporate certain rules described in sections 3.01 and 3.02 of Notice 2014-52, which applies to certain inversion transactions.  These temporary regulations will treat stock and obligations of certain foreign affiliates of an expatriated entity as United States property within the meaning of section 959(c)(1).  These temporary regulations will also recharacterize certain post-inversion transactions that would otherwise terminate the controlled foreign corporation (CFC) status of foreign subsidiaries and/or substantially dilute the interests of United States shareholders.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.956-2    26 CFR 1.l954-2   
Legal Authority: 26 U.S.C. 0956(e)    26 U.S.C. 7701(l)    26 U.S.C. 0964(c)(6)(A)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  12/00/2015 
Additional Information: REG-135734-14 Drafting Attorney: Rose E. Jenkins (202) 317-6934 Reviewing Attorney: Barbara Rasch (202) 317-6934 Treasury Attorney: Brenda Zent (202) 622-6894 CC:INTL
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BM45 
Agency Contact:
Rose E. Jenkins
Attorney-Advisor
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6934
Fax:855 589-8671
Email: rose.e.jenkins@irscounsel.treas.gov