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TREAS/OCC | RIN: 1557-AF03 | Publication ID: Spring 2021 |
Title: Interagency Guidelines Establishing Standards for Tax Allocation Agreements | |
Abstract:
The OCC, FRB, and FDIC are considering establishing safety and soundness guidelines requiring banks that file income taxes as part of a consolidated group to develop and maintain tax allocation agreements with other members of the consolidated group. The guidelines would also establish specific terms for tax-related matters to ensure the bank is not disadvantaged with respect to other members of the consolidated group, consistent with prior guidance. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 30 | |
Legal Authority: 12 U.S.C. 1 12 U.S.C. 93a 12 U.S.C. 371 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1467a 12 U.S.C. 1818 12 U.S.C. 1828 12 U.S.C. 1831p-1 12 U.S.C. 1881-1884 12 U.S.C. 3102(b) 12 U.S.C. 5412(b)(2)(B) 15 U.S.C. 1681s 15 U.S.C. 1681w 15 U.S.C. 6801 15 U.S.C. 6805(b)(1) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Kevin Korzeniewski Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-5490 Email: kevin.korzeniewski@occ.treas.gov |