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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/agency/Internal_Revenue_Service/2008-07-03/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Mon, Dec 1 2008 11:00:00 GMT</pubDate>
    <lastBuildDate>Mon, Dec 1 2008 11:00:00 GMT</lastBuildDate>
    <webMaster>info@thefederalregister.com</webMaster>
    <item>
  <title><![CDATA[  Modifications to Subpart F Treatment of Aircraft and Vessel  Leasing Income]]></title>
  <link>http://thefederalregister.com/d.p/2008-07-03-E8-14919</link>
  <description><![CDATA[ This document contains final and temporary regulations 
addressing the treatment of certain income and assets related to the 
leasing of aircraft or vessels in foreign commerce under sections 367, 
954, and 956 of the Internal Revenue Code (Code). The regulations 
reflect statutory changes made by section 415 of the American Jobs 
Creation Act of 2004 (AJCA). In general, the regulations will affect 
United States shareholders of controlled foreign corporations that 
derive income from the leasing of aircraft or vessels in foreign 
commerce and U.S. persons that transfer property subject to these 
leases to a foreign corporation. The text of these temporary 
regulations also serves as the text of the proposed regulations set 
forth in the Proposed Rules section in this issue of the Federal 
Register.
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  <guid>http://thefederalregister.com/d.p/2008-07-03-E8-14919</guid>
  <pubDate>Thu, Jul 3 2008 11:00:00 GMT</pubDate>
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<item>
  <title><![CDATA[  Modifications to Subpart F Treatment of Aircraft and Vessel  Leasing Income]]></title>
  <link>http://thefederalregister.com/d.p/2008-07-03-E8-14918</link>
  <description><![CDATA[ In the Rules and Regulations section of this issue of the 
Federal Register, the IRS is issuing temporary regulations relating to 
the subpart F treatment of aircraft and vessel leasing income under 
sections 954 and 956 of the Internal Revenue Code (Code) and the 
transfer of tangible property incorporated in aircraft and vessels that 
are used predominantly outside the United States under section 367 of 
the Code. The regulations reflect statutory changes made by section 415 
of the American Jobs Creation Act of 2004 (AJCA). In general, the 
regulations will affect United States shareholders of controlled 
foreign corporations that derive income from the leasing of aircraft or 
vessels in foreign commerce and that transfer property subject to these 
leases to a foreign corporation. The text of those temporary 
regulations also serves as the text of these proposed regulations.
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]]></description>
  <guid>http://thefederalregister.com/d.p/2008-07-03-E8-14918</guid>
  <pubDate>Thu, Jul 3 2008 11:00:00 GMT</pubDate>
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