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August 10, 2020

SPAC Alpha published an article by Tax Partner Luis Leon, about the challenges of PFIC rules for unwary SPACs.

By Luis Leon, Partner, Tax & Business Services

SPAC Alpha published an article by Tax Partner Luis Leon, about the challenges of PFIC rules for unwary SPACs.

Special Purpose Acquisition Companies (SPAC)

Excerpt:

SPACs formed outside the U.S. meet the PFIC income and assets tests right after the IPO and therefore U.S. shareholders investing in these entities are subject to the PFIC regulations.

Click here to read a PDF version of the article >>

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