The Friday Edition
A biweekly newsletter for international tax professionals
What’s New This Week?
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Is It a Bifurcated Foreign Employees’ Trust?
Hello, it’s Phil Hodgen. Welcome to the Friday Edition, your every-other-week international tax missive. New and Upcoming Summary A SIPP is an employees’ trust, but like all things tax, there is an exception to that statement. In some circumstances an employees’ trust will be split into two parts: The split occurs only if the employee’s cumulative contributions to the SIPP exceed the employer’s cumulative contributions. And like all things tax, it’s easy to state a general rule, but in application of the rule, details are lacking. Back Story Here is the flowchart that shows the analytical process to follow in…