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Legal Update

Bits & Pieces: IRS Notice 2016-42 Offers First Glimpse of Qualified Derivatives Dealer Rules

5 July 2016
Mayer Brown Legal Update
On July 1, 2016, the US Internal Revenue Service provided guidance on the new regime for avoiding cascading dividend withholding taxes in cross-border structured product, derivative and securities lending transactions. These rules are referred to as the “Qualified Derivative Dealer” (“QDD”) rules. Mark Leeds, of Mayer Brown's New York office, examines these rules in the attached Legal Update.


  • Mark H. Leeds
    T +1 212 506 2499
  • Jonathan A. Sambur
    T +1 202 263 3256
  • James R. Barry
    T +1 312 701 7169
  • Jared B. Goldberger
    T +1 212 506 2421
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