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Section 871(m) amendment - ISDA Provision: Difference between revisions
Section 871(m) amendment - ISDA Provision (view source)
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Section 871(m) of the [[Internal Revenue Code]] clamps down on foreigners avoiding [[withholding tax]] for dividends on US [[Share - Equity Derivatives Provision|equities]]. Previously, US dividend [[Withholding tax|withholding]] did not apply to returns on notional principal contracts and instruments linked to underlying US equities. | {{fullanat|isda|871(m) amendment|2002}} | ||
[[Section 871(m)]] of the [[Internal Revenue Code]] clamps down on foreigners avoiding [[withholding tax]] for dividends on US [[Share - Equity Derivatives Provision|equities]]. Previously, US dividend [[Withholding tax|withholding]] did not apply to returns on notional principal contracts and instruments linked to underlying US equities. | |||
That’s all changed now. | That’s all changed now. | ||