ITS Washington Dispatch, August 2011

US budget / debt debate: where things stand -- IRS issues generic guidance on SRLY rules in DCL context -- IRS rules UK Remittance Basis Charge is a creditable tax for FTC purposes -- IRS Notice 2011-64 adds Bulgaria and Malta to list of countries eligible for reduced tax rates on dividends -- US Senate fails to take action on new US-Hungary tax treaty, protocols with Switzerland, Luxembourg -- Former Treasury Assistant Secretary for Tax Policy Michael Mundaca rejoins EY to co-lead National Tax