On January 16, 2025, TEI submitted comments on the proposed regulations on the Corporate Alternative Minimum Tax ("CAMT"). The Tax Reform Task Force, whose chair is Andreia Verissimo, in coordination with TEI Tax Counsel Kelly Madigan, spearheaded the comments. TEI’s comments addressed foreign tax credit considerations and provided recommendations for adjustments to AFSI related to the treatment of investments in certain financial instruments and the treatment of certain covered recognition transactions, among other concerns. TEI previously submitted comments on Notice 2023-64 on October 12, 2023, on Notice 2023-7 on March 20, 2023, and on the Inflation Reduction Act provision on October 18, 2022.
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