81 FR 35275 - Inversions and Related Transactions; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 106 (June 2, 2016)

This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-135734-14) that were published in the Federal Register on Friday, April 8, 2016 (81 FR 20588). The proposed regulations relate to transactions that are structured to avoid the purposes of sections 7874 and 367 of the Internal Revenue Code (the Code) and certain post-inversion tax avoidance transactions.

[Federal Register Volume 81, Number 106 (Thursday, June 2, 2016)]
[Proposed Rules]
[Page 35275]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13015]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

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Federal Register / Vol. 81, No. 106 / Thursday, June 2, 2016 / 
Proposed Rules

[[Page 35275]]



DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-135734-14]
RIN 1545-BM45


Inversions and Related Transactions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking by cross-
reference to temporary regulation.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking by cross-reference to temporary regulations (REG-135734-14) 
that were published in the Federal Register on Friday, April 8, 2016 
(81 FR 20588). The proposed regulations relate to transactions that are 
structured to avoid the purposes of sections 7874 and 367 of the 
Internal Revenue Code (the Code) and certain post-inversion tax 
avoidance transactions.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 81 FR 20588, April 
8, 2016 are still being accepted and must be received by July 7, 2016.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations 
under sections 304, 367, and 7874, Shane M. McCarrick or David A. 
Levine, (202) 317-6937; concerning the proposed regulations under 
sections 956 and 770 (l), Rose E. Jenkins (202) 317-6934; concerning 
submissions or comments or requests for a public hearing, Regina 
Johnson 202-317-6901 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-135734-14) that is the subject of this correction is 
under sections 304, 367, 956, 7701(l), and 7874 of the Internal Revenue 
Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135734-14) contains errors that may prove 
to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135734-14) that was the subject of FR 
Doc. 2016-07299 is corrected as follows:

0
1. On page 20588, in the preamble, in the ``Background'' paragraph, in 
the fifth line, the language ``954, 956, 7701(l), and 7874 of the'' is 
corrected to read ``956, 7701(l), and 7874 of the''.


Sec.  1.7874-4  [Corrected]

0
2. On page 20590, second column, seventh line of paragraph (c)(1)(ii), 
the language ``(ii) [Reserved].'' is corrected to read ``(ii) 
introductory text through (ii)(A) [Reserved].''.
0
3. On page 20590, second column, second line of paragraph (i)(7), the 
language ``(i)(7)(iii) introductory text [Reserved].'' is corrected to 
read ``(i)(7)(iii)(B) [Reserved].''.
0
4. On page 20590, third column, first and second line of paragraph (j), 
the language ``(j) introductory text through (j)(6) [Reserved].'' is 
corrected to read ``(i)(8) through (j)(6) [Reserved]''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Associate Chief Counsel, 
(Procedure and Administration).
[FR Doc. 2016-13015 Filed 6-1-16; 8:45 am]
 BILLING CODE 4830-01-P