id	sid	tid	token	lemma	pos
taxlaw-13768	1	1	reflections	reflection	NOUN
taxlaw-13768	1	2	on	on	ADP
taxlaw-13768	1	3	section	section	NOUN
taxlaw-13768	1	4	367(b	367(b	PROPN
taxlaw-13768	1	5	)	)	PUNCT
taxlaw-13768	1	6	regulations	regulation	NOUN
taxlaw-13768	1	7	and	and	CCONJ
taxlaw-13768	1	8	inbound	inbound	ADJ
taxlaw-13768	1	9	transactions	transaction	NOUN
taxlaw-13768	1	10	paul	paul	PROPN
taxlaw-13768	1	11	oosterhuis	oosterhuis	PROPN
taxlaw-13768	1	12	*	*	PROPN
taxlaw-13768	1	13	and	and	CCONJ
taxlaw-13768	1	14	mayté	mayté	PROPN
taxlaw-13768	1	15	quinn	quinn	PROPN
taxlaw-13768	1	16	salazar	salazar	PROPN
taxlaw-13768	1	17	*	*	PROPN
taxlaw-13768	1	18	*	*	PROPN
taxlaw-13768	1	19	abstract	abstract	ADJ
taxlaw-13768	1	20	cross	cross	ADJ
taxlaw-13768	1	21	-	-	ADJ
taxlaw-13768	1	22	border	border	ADJ
taxlaw-13768	1	23	combinations	combination	NOUN
taxlaw-13768	1	24	of	of	ADP
taxlaw-13768	1	25	u.s	u.s	PROPN
taxlaw-13768	1	26	.	.	PROPN
taxlaw-13768	1	27	and	and	CCONJ
taxlaw-13768	1	28	foreign	foreign	ADJ
taxlaw-13768	1	29	public	public	ADJ
taxlaw-13768	1	30	companies	company	NOUN
taxlaw-13768	1	31	are	be	AUX
taxlaw-13768	1	32	unusual	unusual	ADJ
taxlaw-13768	1	33	but	but	CCONJ
taxlaw-13768	1	34	happen	happen	VERB
taxlaw-13768	1	35	from	from	ADP
taxlaw-13768	1	36	time	time	NOUN
taxlaw-13768	1	37	to	to	ADP
taxlaw-13768	1	38	time	time	NOUN
taxlaw-13768	1	39	.	.	PUNCT
taxlaw-13768	2	1	our	our	PRON
taxlaw-13768	2	2	broad	broad	ADJ
taxlaw-13768	2	3	and	and	CCONJ
taxlaw-13768	2	4	often	often	ADV
taxlaw-13768	2	5	arbitrary	arbitrary	ADJ
taxlaw-13768	2	6	anti	anti	ADJ
taxlaw-13768	2	7	-	-	ADJ
taxlaw-13768	2	8	inversion	inversion	ADJ
taxlaw-13768	2	9	rules	rule	NOUN
taxlaw-13768	2	10	discourage	discourage	VERB
taxlaw-13768	2	11	such	such	ADJ
taxlaw-13768	2	12	transactions	transaction	NOUN
taxlaw-13768	2	13	utilizing	utilize	VERB
taxlaw-13768	2	14	a	a	DET
taxlaw-13768	2	15	foreign	foreign	ADJ
taxlaw-13768	2	16	parent	parent	NOUN
taxlaw-13768	2	17	company	company	NOUN
taxlaw-13768	2	18	for	for	ADP
taxlaw-13768	2	19	the	the	DET
taxlaw-13768	2	20	combined	combined	ADJ
taxlaw-13768	2	21	group	group	NOUN
taxlaw-13768	2	22	.	.	PUNCT
taxlaw-13768	3	1	but	but	CCONJ
taxlaw-13768	3	2	using	use	VERB
taxlaw-13768	3	3	a	a	DET
taxlaw-13768	3	4	u.s	u.s	PROPN
taxlaw-13768	3	5	.	.	PROPN
taxlaw-13768	3	6	parent	parent	NOUN
taxlaw-13768	3	7	company	company	NOUN
taxlaw-13768	3	8	can	can	AUX
taxlaw-13768	3	9	also	also	ADV
taxlaw-13768	3	10	be	be	AUX
taxlaw-13768	3	11	painful	painful	ADJ
taxlaw-13768	3	12	to	to	ADP
taxlaw-13768	3	13	the	the	DET
taxlaw-13768	3	14	foreign	foreign	ADJ
taxlaw-13768	3	15	company	company	NOUN
taxlaw-13768	3	16	shareholders	shareholder	NOUN
taxlaw-13768	3	17	.	.	PUNCT
taxlaw-13768	4	1	our	our	PRON
taxlaw-13768	4	2	section	section	NOUN
taxlaw-13768	4	3	367(b	367(b	PROPN
taxlaw-13768	4	4	)	)	PUNCT
taxlaw-13768	4	5	regulations	regulation	NOUN
taxlaw-13768	4	6	require	require	VERB
taxlaw-13768	4	7	gain	gain	NOUN
taxlaw-13768	4	8	recognition	recognition	NOUN
taxlaw-13768	4	9	for	for	ADP
taxlaw-13768	4	10	the	the	DET
taxlaw-13768	4	11	foreign	foreign	ADJ
taxlaw-13768	4	12	company	company	NOUN
taxlaw-13768	4	13	’s	’s	PART
taxlaw-13768	4	14	material	material	NOUN
taxlaw-13768	4	15	shareholders	shareholder	NOUN
taxlaw-13768	4	16	subject	subject	ADJ
taxlaw-13768	4	17	to	to	ADP
taxlaw-13768	4	18	u.s	u.s	PROPN
taxlaw-13768	4	19	.	.	PROPN
taxlaw-13768	4	20	tax	tax	NOUN
taxlaw-13768	4	21	.	.	PUNCT
taxlaw-13768	5	1	that	that	PRON
taxlaw-13768	5	2	seems	seem	VERB
taxlaw-13768	5	3	to	to	PART
taxlaw-13768	5	4	be	be	AUX
taxlaw-13768	5	5	a	a	DET
taxlaw-13768	5	6	high	high	ADJ
taxlaw-13768	5	7	price	price	NOUN
taxlaw-13768	5	8	to	to	PART
taxlaw-13768	5	9	pay	pay	VERB
taxlaw-13768	5	10	for	for	ADP
taxlaw-13768	5	11	the	the	DET
taxlaw-13768	5	12	pleasure	pleasure	NOUN
taxlaw-13768	5	13	of	of	ADP
taxlaw-13768	5	14	bringing	bring	VERB
taxlaw-13768	5	15	the	the	DET
taxlaw-13768	5	16	foreign	foreign	ADJ
taxlaw-13768	5	17	corporate	corporate	ADJ
taxlaw-13768	5	18	group	group	NOUN
taxlaw-13768	5	19	into	into	ADP
taxlaw-13768	5	20	the	the	DET
taxlaw-13768	5	21	u.s	u.s	PROPN
taxlaw-13768	5	22	.	.	PROPN
taxlaw-13768	5	23	tax	tax	NOUN
taxlaw-13768	5	24	net	net	NOUN
taxlaw-13768	5	25	.	.	PUNCT
taxlaw-13768	6	1	much	much	ADJ
taxlaw-13768	6	2	has	have	AUX
taxlaw-13768	6	3	been	be	AUX
taxlaw-13768	6	4	discussed	discuss	VERB
taxlaw-13768	6	5	and	and	CCONJ
taxlaw-13768	6	6	written	write	VERB
taxlaw-13768	6	7	about	about	ADP
taxlaw-13768	6	8	the	the	DET
taxlaw-13768	6	9	section	section	NOUN
taxlaw-13768	6	10	367(b	367(b	PROPN
taxlaw-13768	6	11	)	)	PUNCT
taxlaw-13768	6	12	regulations	regulation	NOUN
taxlaw-13768	6	13	that	that	PRON
taxlaw-13768	6	14	compel	compel	VERB
taxlaw-13768	6	15	this	this	DET
taxlaw-13768	6	16	result	result	NOUN
taxlaw-13768	6	17	since	since	SCONJ
taxlaw-13768	6	18	the	the	DET
taxlaw-13768	6	19	regulation	regulation	NOUN
taxlaw-13768	6	20	’s	’s	PART
taxlaw-13768	6	21	finalization	finalization	NOUN
taxlaw-13768	6	22	in	in	ADP
taxlaw-13768	6	23	2000	2000	NUM
taxlaw-13768	6	24	and	and	CCONJ
taxlaw-13768	6	25	especially	especially	ADV
taxlaw-13768	6	26	since	since	SCONJ
taxlaw-13768	6	27	the	the	DET
taxlaw-13768	6	28	enactment	enactment	NOUN
taxlaw-13768	6	29	of	of	ADP
taxlaw-13768	6	30	the	the	DET
taxlaw-13768	6	31	2017	2017	NUM
taxlaw-13768	6	32	tax	tax	NOUN
taxlaw-13768	6	33	cuts	cut	NOUN
taxlaw-13768	6	34	and	and	CCONJ
taxlaw-13768	6	35	jobs	job	NOUN
taxlaw-13768	6	36	act	act	PROPN
taxlaw-13768	6	37	.	.	PUNCT
taxlaw-13768	7	1	this	this	DET
taxlaw-13768	7	2	article	article	NOUN
taxlaw-13768	7	3	reflects	reflect	VERB
taxlaw-13768	7	4	our	our	PRON
taxlaw-13768	7	5	exploration	exploration	NOUN
taxlaw-13768	7	6	into	into	ADP
taxlaw-13768	7	7	what	what	PRON
taxlaw-13768	7	8	led	lead	VERB
taxlaw-13768	7	9	the	the	DET
taxlaw-13768	7	10	original	original	ADJ
taxlaw-13768	7	11	regulation	regulation	NOUN
taxlaw-13768	7	12	writers	writer	NOUN
taxlaw-13768	7	13	down	down	ADP
taxlaw-13768	7	14	the	the	DET
taxlaw-13768	7	15	path	path	NOUN
taxlaw-13768	7	16	they	they	PRON
taxlaw-13768	7	17	took	take	VERB
taxlaw-13768	7	18	and	and	CCONJ
taxlaw-13768	7	19	suggests	suggest	VERB
taxlaw-13768	7	20	that	that	SCONJ
taxlaw-13768	7	21	maybe	maybe	ADV
taxlaw-13768	7	22	they	they	PRON
taxlaw-13768	7	23	were	be	AUX
taxlaw-13768	7	24	wrong	wrong	ADJ
taxlaw-13768	7	25	in	in	ADP
taxlaw-13768	7	26	their	their	PRON
taxlaw-13768	7	27	thinking	thinking	NOUN
taxlaw-13768	7	28	.	.	PUNCT
taxlaw-13768	8	1	our	our	PRON
taxlaw-13768	8	2	hope	hope	NOUN
taxlaw-13768	8	3	is	be	AUX
taxlaw-13768	8	4	that	that	SCONJ
taxlaw-13768	8	5	it	it	PRON
taxlaw-13768	8	6	will	will	AUX
taxlaw-13768	8	7	stimulate	stimulate	VERB
taxlaw-13768	8	8	a	a	DET
taxlaw-13768	8	9	broader	broad	ADJ
taxlaw-13768	8	10	discussion	discussion	NOUN
taxlaw-13768	8	11	of	of	ADP
taxlaw-13768	8	12	the	the	DET
taxlaw-13768	8	13	goals	goal	NOUN
taxlaw-13768	8	14	of	of	ADP
taxlaw-13768	8	15	the	the	DET
taxlaw-13768	8	16	section	section	NOUN
taxlaw-13768	8	17	367(b	367(b	PROPN
taxlaw-13768	8	18	)	)	PUNCT
taxlaw-13768	8	19	regulations	regulation	NOUN
taxlaw-13768	8	20	as	as	SCONJ
taxlaw-13768	8	21	applied	apply	VERB
taxlaw-13768	8	22	to	to	ADP
taxlaw-13768	8	23	inbound	inbound	ADJ
taxlaw-13768	8	24	transactions	transaction	NOUN
taxlaw-13768	8	25	and	and	CCONJ
taxlaw-13768	8	26	how	how	SCONJ
taxlaw-13768	8	27	they	they	PRON
taxlaw-13768	8	28	should	should	AUX
taxlaw-13768	8	29	be	be	AUX
taxlaw-13768	8	30	implemented	implement	VERB
taxlaw-13768	8	31	in	in	ADP
taxlaw-13768	8	32	the	the	DET
taxlaw-13768	8	33	current	current	ADJ
taxlaw-13768	8	34	regime	regime	NOUN
taxlaw-13768	8	35	of	of	ADP
taxlaw-13768	8	36	section	section	NOUN
taxlaw-13768	8	37	245a	245a	ADJ
taxlaw-13768	8	38	deductions	deduction	NOUN
taxlaw-13768	8	39	and	and	CCONJ
taxlaw-13768	8	40	gilti	gilti	NOUN
taxlaw-13768	8	41	and	and	CCONJ
taxlaw-13768	8	42	subpart	subpart	NOUN
taxlaw-13768	8	43	f	f	PROPN
taxlaw-13768	8	44	inclusions	inclusion	NOUN
taxlaw-13768	8	45	.	.	PUNCT
taxlaw-13768	9	1	*	*	PUNCT
taxlaw-13768	9	2	of	of	ADP
taxlaw-13768	9	3	counsel	counsel	NOUN
taxlaw-13768	9	4	,	,	PUNCT
taxlaw-13768	9	5	skadden	skadden	ADJ
taxlaw-13768	9	6	,	,	PUNCT
taxlaw-13768	9	7	arps	arp	NOUN
taxlaw-13768	9	8	,	,	PUNCT
taxlaw-13768	9	9	slate	slate	NOUN
taxlaw-13768	9	10	,	,	PUNCT
taxlaw-13768	9	11	meagher	meagher	PROPN
taxlaw-13768	9	12	&	&	CCONJ
taxlaw-13768	9	13	flom	flom	PROPN
taxlaw-13768	9	14	llp	llp	PROPN
taxlaw-13768	9	15	and	and	CCONJ
taxlaw-13768	9	16	affiliates	affiliate	NOUN
taxlaw-13768	9	17	;	;	PUNCT
taxlaw-13768	9	18	lecturer	lecturer	NOUN
taxlaw-13768	9	19	in	in	ADP
taxlaw-13768	9	20	law	law	NOUN
taxlaw-13768	9	21	,	,	PUNCT
taxlaw-13768	9	22	columbia	columbia	PROPN
taxlaw-13768	9	23	law	law	PROPN
taxlaw-13768	9	24	school	school	NOUN
taxlaw-13768	9	25	.	.	PUNCT
taxlaw-13768	10	1	*	*	PUNCT
taxlaw-13768	10	2	*	*	PUNCT
taxlaw-13768	10	3	associate	associate	ADJ
taxlaw-13768	10	4	,	,	PUNCT
taxlaw-13768	10	5	skadden	skadden	ADJ
taxlaw-13768	10	6	,	,	PUNCT
taxlaw-13768	10	7	arps	arp	NOUN
taxlaw-13768	10	8	,	,	PUNCT
taxlaw-13768	10	9	slate	slate	NOUN
taxlaw-13768	10	10	,	,	PUNCT
taxlaw-13768	10	11	meagher	meagher	PROPN
taxlaw-13768	10	12	&	&	CCONJ
taxlaw-13768	10	13	flom	flom	PROPN
taxlaw-13768	10	14	llp	llp	PROPN
taxlaw-13768	10	15	and	and	CCONJ
taxlaw-13768	10	16	affiliates	affiliate	NOUN
taxlaw-13768	10	17	.	.	PUNCT
taxlaw-13768	11	1	the	the	DET
taxlaw-13768	11	2	authors	author	NOUN
taxlaw-13768	11	3	would	would	AUX
taxlaw-13768	11	4	like	like	VERB
taxlaw-13768	11	5	to	to	PART
taxlaw-13768	11	6	thank	thank	VERB
taxlaw-13768	11	7	moshe	moshe	PROPN
taxlaw-13768	11	8	spinowitz	spinowitz	PROPN
taxlaw-13768	11	9	and	and	CCONJ
taxlaw-13768	11	10	joshua	joshua	PROPN
taxlaw-13768	11	11	rabon	rabon	PROPN
taxlaw-13768	11	12	for	for	ADP
taxlaw-13768	11	13	their	their	PRON
taxlaw-13768	11	14	helpful	helpful	ADJ
taxlaw-13768	11	15	comments	comment	NOUN
taxlaw-13768	11	16	.	.	PUNCT
taxlaw-13768	12	1	please	please	INTJ
taxlaw-13768	12	2	note	note	VERB
taxlaw-13768	12	3	that	that	SCONJ
taxlaw-13768	12	4	any	any	DET
taxlaw-13768	12	5	opinions	opinion	NOUN
taxlaw-13768	12	6	expressed	express	VERB
taxlaw-13768	12	7	in	in	ADP
taxlaw-13768	12	8	this	this	DET
taxlaw-13768	12	9	article	article	NOUN
taxlaw-13768	12	10	are	be	AUX
taxlaw-13768	12	11	solely	solely	ADV
taxlaw-13768	12	12	our	our	PRON
taxlaw-13768	12	13	own	own	ADJ
taxlaw-13768	12	14	and	and	CCONJ
taxlaw-13768	12	15	do	do	AUX
taxlaw-13768	12	16	not	not	PART
taxlaw-13768	12	17	necessarily	necessarily	ADV
taxlaw-13768	12	18	represent	represent	VERB
taxlaw-13768	12	19	the	the	DET
taxlaw-13768	12	20	opinion	opinion	NOUN
taxlaw-13768	12	21	of	of	ADP
taxlaw-13768	12	22	any	any	PRON
taxlaw-13768	12	23	of	of	ADP
taxlaw-13768	12	24	the	the	DET
taxlaw-13768	12	25	above	above	ADJ
taxlaw-13768	12	26	commentators	commentator	NOUN
taxlaw-13768	12	27	,	,	PUNCT
taxlaw-13768	12	28	or	or	CCONJ
taxlaw-13768	12	29	skadden	skadden	ADJ
taxlaw-13768	12	30	arps	arp	NOUN
taxlaw-13768	12	31	.	.	PUNCT
taxlaw-13768	13	1	162	162	NUM
taxlaw-13768	13	2	columbia	columbia	PROPN
taxlaw-13768	13	3	journal	journal	PROPN
taxlaw-13768	13	4	of	of	ADP
taxlaw-13768	13	5	tax	tax	NOUN
taxlaw-13768	13	6	law	law	NOUN
taxlaw-13768	13	7	[	[	X
taxlaw-13768	13	8	vol	vol	NOUN
taxlaw-13768	13	9	.	.	PUNCT
taxlaw-13768	14	1	16:2	16:2	NUM
taxlaw-13768	14	2	i.	i.	NOUN
taxlaw-13768	14	3	introduction	introduction	NOUN
taxlaw-13768	14	4	............................................................................................	............................................................................................	PUNCT
taxlaw-13768	14	5	163	163	NUM
taxlaw-13768	14	6	ii	ii	NOUN
taxlaw-13768	14	7	.	.	PUNCT
taxlaw-13768	15	1	the	the	DET
taxlaw-13768	15	2	history	history	NOUN
taxlaw-13768	15	3	of	of	ADP
taxlaw-13768	15	4	the	the	DET
taxlaw-13768	15	5	section	section	NOUN
taxlaw-13768	15	6	367(b	367(b	PROPN
taxlaw-13768	15	7	)	)	PUNCT
taxlaw-13768	15	8	inbound	inbound	ADJ
taxlaw-13768	15	9	asset	asset	NOUN
taxlaw-13768	15	10	reorganization	reorganization	NOUN
taxlaw-13768	15	11	regulations	regulation	NOUN
taxlaw-13768	15	12	.............................................................................................	.............................................................................................	PUNCT
taxlaw-13768	15	13	166	166	NUM
taxlaw-13768	15	14	a.	a.	NOUN
taxlaw-13768	15	15	1997	1997	NUM
taxlaw-13768	15	16	temporary	temporary	ADJ
taxlaw-13768	15	17	regulations	regulation	NOUN
taxlaw-13768	15	18	.........................................................	.........................................................	PUNCT
taxlaw-13768	15	19	166	166	NUM
taxlaw-13768	15	20	b.	b.	PROPN
taxlaw-13768	15	21	1991	1991	NUM
taxlaw-13768	15	22	proposed	propose	VERB
taxlaw-13768	15	23	regulations	regulation	NOUN
taxlaw-13768	15	24	.............................................................	.............................................................	PUNCT
taxlaw-13768	16	1	168	168	NUM
taxlaw-13768	16	2	1	1	NUM
taxlaw-13768	16	3	.	.	PUNCT
taxlaw-13768	17	1	the	the	DET
taxlaw-13768	17	2	repatriation	repatriation	NOUN
taxlaw-13768	17	3	principle	principle	NOUN
taxlaw-13768	17	4	............................................................	............................................................	PUNCT
taxlaw-13768	17	5	168	168	NUM
taxlaw-13768	17	6	2	2	NUM
taxlaw-13768	17	7	.	.	PUNCT
taxlaw-13768	18	1	the	the	DET
taxlaw-13768	18	2	distortion	distortion	NOUN
taxlaw-13768	18	3	principle	principle	NOUN
taxlaw-13768	18	4	................................................................	................................................................	PUNCT
taxlaw-13768	18	5	170	170	NUM
taxlaw-13768	18	6	c.	c.	NOUN
taxlaw-13768	18	7	2000	2000	NUM
taxlaw-13768	18	8	final	final	ADJ
taxlaw-13768	18	9	regulations	regulation	NOUN
taxlaw-13768	18	10	...................................................................	...................................................................	PUNCT
taxlaw-13768	18	11	170	170	NUM
taxlaw-13768	18	12	iii	iii	X
taxlaw-13768	18	13	.	.	PUNCT
taxlaw-13768	18	14	re	re	VERB
taxlaw-13768	18	15	-	-	VERB
taxlaw-13768	18	16	examining	examine	VERB
taxlaw-13768	18	17	the	the	DET
taxlaw-13768	18	18	scope	scope	NOUN
taxlaw-13768	18	19	of	of	ADP
taxlaw-13768	18	20	the	the	DET
taxlaw-13768	18	21	inbound	inbound	ADJ
taxlaw-13768	18	22	asset	asset	NOUN
taxlaw-13768	18	23	reorganization	reorganization	NOUN
taxlaw-13768	18	24	regulations	regulation	NOUN
taxlaw-13768	18	25	:	:	PUNCT
taxlaw-13768	18	26	were	be	AUX
taxlaw-13768	18	27	they	they	PRON
taxlaw-13768	18	28	too	too	ADV
taxlaw-13768	18	29	broad	broad	ADJ
taxlaw-13768	18	30	?	?	PUNCT
taxlaw-13768	18	31	.................................................	.................................................	PUNCT
taxlaw-13768	19	1	173	173	NUM
taxlaw-13768	19	2	iv	iv	NOUN
taxlaw-13768	19	3	.	.	PUNCT
taxlaw-13768	19	4	professor	professor	PROPN
taxlaw-13768	19	5	andrews	andrews	PROPN
taxlaw-13768	19	6	’	'	PUNCT
taxlaw-13768	19	7	perspective	perspective	NOUN
taxlaw-13768	19	8	on	on	ADP
taxlaw-13768	19	9	the	the	DET
taxlaw-13768	19	10	intersection	intersection	NOUN
taxlaw-13768	19	11	of	of	ADP
taxlaw-13768	19	12	corporate	corporate	ADJ
taxlaw-13768	19	13	and	and	CCONJ
taxlaw-13768	19	14	shareholder	shareholder	NOUN
taxlaw-13768	19	15	level	level	NOUN
taxlaw-13768	19	16	taxation	taxation	NOUN
taxlaw-13768	19	17	.......................................................	.......................................................	PUNCT
taxlaw-13768	20	1	174	174	NUM
taxlaw-13768	20	2	v.	v.	ADP
taxlaw-13768	20	3	impact	impact	NOUN
taxlaw-13768	20	4	of	of	ADP
taxlaw-13768	20	5	2017	2017	NUM
taxlaw-13768	20	6	tcja	tcja	NOUN
taxlaw-13768	20	7	on	on	ADP
taxlaw-13768	20	8	inbound	inbound	ADJ
taxlaw-13768	20	9	asset	asset	NOUN
taxlaw-13768	20	10	reorganization	reorganization	NOUN
taxlaw-13768	20	11	corporate	corporate	ADJ
taxlaw-13768	20	12	level	level	NOUN
taxlaw-13768	20	13	tax	tax	NOUN
taxlaw-13768	20	14	avoidance	avoidance	NOUN
taxlaw-13768	20	15	under	under	ADP
taxlaw-13768	20	16	reg	reg	NOUN
taxlaw-13768	20	17	.	.	PUNCT
taxlaw-13768	21	1	§	§	PROPN
taxlaw-13768	21	2	1.367(b)-3	1.367(b)-3	NUM
taxlaw-13768	21	3	....................................	....................................	PUNCT
taxlaw-13768	21	4	178	178	NUM
taxlaw-13768	21	5	vi	vi	NOUN
taxlaw-13768	21	6	.	.	PUNCT
taxlaw-13768	21	7	shareholder	shareholder	NOUN
taxlaw-13768	21	8	level	level	NOUN
taxlaw-13768	21	9	tax	tax	NOUN
taxlaw-13768	21	10	avoidance	avoidance	NOUN
taxlaw-13768	21	11	on	on	ADP
taxlaw-13768	21	12	inbound	inbound	ADJ
taxlaw-13768	21	13	asset	asset	NOUN
taxlaw-13768	21	14	and	and	CCONJ
taxlaw-13768	21	15	stock	stock	NOUN
taxlaw-13768	21	16	reorganizations	reorganization	NOUN
taxlaw-13768	21	17	.....................................................................................	.....................................................................................	PUNCT
taxlaw-13768	21	18	180	180	NUM
taxlaw-13768	21	19	vii	vii	NOUN
taxlaw-13768	21	20	.	.	PUNCT
taxlaw-13768	21	21	treatment	treatment	NOUN
taxlaw-13768	21	22	of	of	ADP
taxlaw-13768	21	23	inbound	inbound	ADJ
taxlaw-13768	21	24	liquidations	liquidation	NOUN
taxlaw-13768	21	25	...................................................	...................................................	PUNCT
taxlaw-13768	21	26	183	183	NUM
taxlaw-13768	21	27	viii	viii	NOUN
taxlaw-13768	21	28	.	.	PUNCT
taxlaw-13768	22	1	conclusion	conclusion	NOUN
taxlaw-13768	22	2	...............................................................................................	...............................................................................................	PUNCT
taxlaw-13768	22	3	183	183	NUM
taxlaw-13768	22	4	2025	2025	NUM
taxlaw-13768	22	5	]	]	PUNCT
taxlaw-13768	22	6	reflections	reflection	NOUN
taxlaw-13768	22	7	on	on	ADP
taxlaw-13768	22	8	367(b	367(b	PROPN
taxlaw-13768	22	9	)	)	PUNCT
taxlaw-13768	22	10	regulations	regulation	NOUN
taxlaw-13768	22	11	and	and	CCONJ
taxlaw-13768	22	12	inbound	inbound	ADJ
taxlaw-13768	22	13	transactions	transaction	NOUN
taxlaw-13768	22	14	163	163	NUM
taxlaw-13768	22	15	“	"	PUNCT
taxlaw-13768	22	16	a	a	DET
taxlaw-13768	22	17	domestic	domestic	ADJ
taxlaw-13768	22	18	acquirer	acquirer	NOUN
taxlaw-13768	22	19	of	of	ADP
taxlaw-13768	22	20	[	[	X
taxlaw-13768	22	21	a	a	X
taxlaw-13768	22	22	]	]	X
taxlaw-13768	22	23	foreign	foreign	ADJ
taxlaw-13768	22	24	corporation	corporation	NOUN
taxlaw-13768	22	25	’s	’s	PART
taxlaw-13768	22	26	assets	asset	NOUN
taxlaw-13768	22	27	should	should	AUX
taxlaw-13768	22	28	not	not	PART
taxlaw-13768	22	29	succeed	succeed	VERB
taxlaw-13768	22	30	to	to	ADP
taxlaw-13768	22	31	the	the	DET
taxlaw-13768	22	32	basis	basis	NOUN
taxlaw-13768	22	33	or	or	CCONJ
taxlaw-13768	22	34	other	other	ADJ
taxlaw-13768	22	35	tax	tax	NOUN
taxlaw-13768	22	36	attributes	attribute	NOUN
taxlaw-13768	22	37	of	of	ADP
taxlaw-13768	22	38	the	the	DET
taxlaw-13768	22	39	foreign	foreign	ADJ
taxlaw-13768	22	40	corporation	corporation	NOUN
taxlaw-13768	22	41	except	except	SCONJ
taxlaw-13768	22	42	to	to	ADP
taxlaw-13768	22	43	the	the	DET
taxlaw-13768	22	44	extent	extent	NOUN
taxlaw-13768	22	45	that	that	SCONJ
taxlaw-13768	22	46	the	the	DET
taxlaw-13768	22	47	united	united	PROPN
taxlaw-13768	22	48	states	states	PROPN
taxlaw-13768	22	49	tax	tax	NOUN
taxlaw-13768	22	50	jurisdiction	jurisdiction	NOUN
taxlaw-13768	22	51	has	have	AUX
taxlaw-13768	22	52	taken	take	VERB
taxlaw-13768	22	53	account	account	NOUN
taxlaw-13768	22	54	of	of	ADP
taxlaw-13768	22	55	the	the	DET
taxlaw-13768	22	56	united	united	PROPN
taxlaw-13768	22	57	states	states	PROPN
taxlaw-13768	22	58	person	person	PROPN
taxlaw-13768	22	59	’s	’s	PART
taxlaw-13768	22	60	share	share	NOUN
taxlaw-13768	22	61	of	of	ADP
taxlaw-13768	22	62	the	the	DET
taxlaw-13768	22	63	earnings	earning	NOUN
taxlaw-13768	22	64	and	and	CCONJ
taxlaw-13768	22	65	profits	profit	NOUN
taxlaw-13768	22	66	that	that	PRON
taxlaw-13768	22	67	gave	give	VERB
taxlaw-13768	22	68	rise	rise	NOUN
taxlaw-13768	22	69	to	to	ADP
taxlaw-13768	22	70	those	those	DET
taxlaw-13768	22	71	tax	tax	NOUN
taxlaw-13768	22	72	attributes	attribute	NOUN
taxlaw-13768	22	73	.	.	PUNCT
taxlaw-13768	22	74	”	"	PUNCT
taxlaw-13768	23	1	–	–	PUNCT
taxlaw-13768	23	2	1991	1991	NUM
taxlaw-13768	23	3	preamble	preamble	NOUN
taxlaw-13768	23	4	to	to	ADP
taxlaw-13768	23	5	proposed	propose	VERB
taxlaw-13768	23	6	section	section	NOUN
taxlaw-13768	23	7	367(b	367(b	PROPN
taxlaw-13768	23	8	)	)	PUNCT
taxlaw-13768	23	9	regulations1	regulations1	NOUN
taxlaw-13768	23	10	“	"	PUNCT
taxlaw-13768	23	11	in	in	ADP
taxlaw-13768	23	12	general	general	ADJ
taxlaw-13768	23	13	,	,	PUNCT
taxlaw-13768	23	14	a	a	DET
taxlaw-13768	23	15	united	united	PROPN
taxlaw-13768	23	16	states	states	PROPN
taxlaw-13768	23	17	person	person	NOUN
taxlaw-13768	23	18	obtains	obtain	VERB
taxlaw-13768	23	19	tax	tax	NOUN
taxlaw-13768	23	20	basis	basis	NOUN
taxlaw-13768	23	21	only	only	ADV
taxlaw-13768	23	22	for	for	ADP
taxlaw-13768	23	23	amounts	amount	NOUN
taxlaw-13768	23	24	which	which	PRON
taxlaw-13768	23	25	have	have	AUX
taxlaw-13768	23	26	been	be	AUX
taxlaw-13768	23	27	included	include	VERB
taxlaw-13768	23	28	in	in	ADP
taxlaw-13768	23	29	income	income	NOUN
taxlaw-13768	23	30	.	.	PUNCT
taxlaw-13768	23	31	”	"	PUNCT
taxlaw-13768	24	1	–	–	PUNCT
taxlaw-13768	24	2	charles	charles	PROPN
taxlaw-13768	24	3	i.	i.	PROPN
taxlaw-13768	24	4	kingson2	kingson2	PROPN
taxlaw-13768	24	5	“	"	PUNCT
taxlaw-13768	24	6	it	it	PRON
taxlaw-13768	24	7	is	be	AUX
taxlaw-13768	24	8	absolutely	absolutely	ADV
taxlaw-13768	24	9	necessary	necessary	ADJ
taxlaw-13768	24	10	that	that	SCONJ
taxlaw-13768	24	11	effect	effect	NOUN
taxlaw-13768	24	12	on	on	ADP
taxlaw-13768	24	13	earnings	earning	NOUN
taxlaw-13768	24	14	be	be	AUX
taxlaw-13768	24	15	governed	govern	VERB
taxlaw-13768	24	16	by	by	ADP
taxlaw-13768	24	17	basis	basis	NOUN
taxlaw-13768	24	18	.	.	PUNCT
taxlaw-13768	24	19	”	"	PUNCT
taxlaw-13768	25	1	–	–	PUNCT
taxlaw-13768	25	2	william	william	PROPN
taxlaw-13768	25	3	d.	d.	PROPN
taxlaw-13768	25	4	andrews3	andrews3	PROPN
taxlaw-13768	25	5	i.	i.	PROPN
taxlaw-13768	25	6	introduction	introduction	PROPN
taxlaw-13768	25	7	cross	cross	ADJ
taxlaw-13768	25	8	-	-	ADJ
taxlaw-13768	25	9	border	border	ADJ
taxlaw-13768	25	10	combinations	combination	NOUN
taxlaw-13768	25	11	of	of	ADP
taxlaw-13768	25	12	u.s	u.s	PROPN
taxlaw-13768	25	13	.	.	PROPN
taxlaw-13768	25	14	and	and	CCONJ
taxlaw-13768	25	15	foreign	foreign	ADJ
taxlaw-13768	25	16	public	public	ADJ
taxlaw-13768	25	17	companies	company	NOUN
taxlaw-13768	25	18	are	be	AUX
taxlaw-13768	25	19	unusual	unusual	ADJ
taxlaw-13768	25	20	but	but	CCONJ
taxlaw-13768	25	21	happen	happen	VERB
taxlaw-13768	25	22	from	from	ADP
taxlaw-13768	25	23	time	time	NOUN
taxlaw-13768	25	24	to	to	ADP
taxlaw-13768	25	25	time	time	NOUN
taxlaw-13768	25	26	.	.	PUNCT
taxlaw-13768	26	1	our	our	PRON
taxlaw-13768	26	2	broad	broad	ADJ
taxlaw-13768	26	3	and	and	CCONJ
taxlaw-13768	26	4	often	often	ADV
taxlaw-13768	26	5	arbitrary	arbitrary	ADJ
taxlaw-13768	26	6	anti	anti	ADJ
taxlaw-13768	26	7	-	-	ADJ
taxlaw-13768	26	8	inversion	inversion	ADJ
taxlaw-13768	26	9	rules	rule	NOUN
taxlaw-13768	26	10	discourage	discourage	VERB
taxlaw-13768	26	11	such	such	ADJ
taxlaw-13768	26	12	transactions	transaction	NOUN
taxlaw-13768	26	13	utilizing	utilize	VERB
taxlaw-13768	26	14	a	a	DET
taxlaw-13768	26	15	foreign	foreign	ADJ
taxlaw-13768	26	16	parent	parent	NOUN
taxlaw-13768	26	17	company	company	NOUN
taxlaw-13768	26	18	for	for	ADP
taxlaw-13768	26	19	the	the	DET
taxlaw-13768	26	20	combined	combine	VERB
taxlaw-13768	26	21	group.4	group.4	PROPN
taxlaw-13768	26	22	but	but	CCONJ
taxlaw-13768	26	23	using	use	VERB
taxlaw-13768	26	24	a	a	DET
taxlaw-13768	26	25	u.s	u.s	PROPN
taxlaw-13768	26	26	.	.	PROPN
taxlaw-13768	26	27	parent	parent	NOUN
taxlaw-13768	26	28	company	company	NOUN
taxlaw-13768	26	29	can	can	AUX
taxlaw-13768	26	30	also	also	ADV
taxlaw-13768	26	31	be	be	AUX
taxlaw-13768	26	32	painful	painful	ADJ
taxlaw-13768	26	33	to	to	ADP
taxlaw-13768	26	34	the	the	DET
taxlaw-13768	26	35	foreign	foreign	ADJ
taxlaw-13768	26	36	company	company	NOUN
taxlaw-13768	26	37	shareholders	shareholder	NOUN
taxlaw-13768	26	38	.	.	PUNCT
taxlaw-13768	27	1	consider	consider	VERB
taxlaw-13768	27	2	a	a	DET
taxlaw-13768	27	3	transaction	transaction	NOUN
taxlaw-13768	27	4	that	that	PRON
taxlaw-13768	27	5	for	for	ADP
taxlaw-13768	27	6	foreign	foreign	ADJ
taxlaw-13768	27	7	corporate	corporate	ADJ
taxlaw-13768	27	8	and	and	CCONJ
taxlaw-13768	27	9	tax	tax	NOUN
taxlaw-13768	27	10	law	law	NOUN
taxlaw-13768	27	11	reasons	reason	NOUN
taxlaw-13768	27	12	is	be	AUX
taxlaw-13768	27	13	best	well	ADV
taxlaw-13768	27	14	accomplished	accomplish	VERB
taxlaw-13768	27	15	by	by	ADP
taxlaw-13768	27	16	merging	merge	VERB
taxlaw-13768	27	17	the	the	DET
taxlaw-13768	27	18	foreign	foreign	ADJ
taxlaw-13768	27	19	parent	parent	NOUN
taxlaw-13768	27	20	company	company	NOUN
taxlaw-13768	27	21	directly	directly	ADV
taxlaw-13768	27	22	into	into	ADP
taxlaw-13768	27	23	the	the	DET
taxlaw-13768	27	24	u.s	u.s	PROPN
taxlaw-13768	27	25	.	.	PROPN
taxlaw-13768	27	26	acquiring	acquire	VERB
taxlaw-13768	27	27	parent	parent	NOUN
taxlaw-13768	27	28	company	company	NOUN
taxlaw-13768	27	29	in	in	ADP
taxlaw-13768	27	30	a	a	DET
taxlaw-13768	27	31	manner	manner	NOUN
taxlaw-13768	27	32	described	describe	VERB
taxlaw-13768	27	33	in	in	ADP
taxlaw-13768	27	34	section	section	NOUN
taxlaw-13768	27	35	368(a)(1)(a	368(a)(1)(a	NUM
taxlaw-13768	27	36	)	)	PUNCT
taxlaw-13768	27	37	.	.	PUNCT
taxlaw-13768	28	1	in	in	ADP
taxlaw-13768	28	2	a	a	DET
taxlaw-13768	28	3	purely	purely	ADV
taxlaw-13768	28	4	domestic	domestic	ADJ
taxlaw-13768	28	5	context	context	NOUN
taxlaw-13768	28	6	,	,	PUNCT
taxlaw-13768	28	7	the	the	DET
taxlaw-13768	28	8	merger	merger	NOUN
taxlaw-13768	28	9	would	would	AUX
taxlaw-13768	28	10	be	be	AUX
taxlaw-13768	28	11	a	a	DET
taxlaw-13768	28	12	tax	tax	NOUN
taxlaw-13768	28	13	-	-	PUNCT
taxlaw-13768	28	14	free	free	ADJ
taxlaw-13768	28	15	transaction	transaction	NOUN
taxlaw-13768	28	16	to	to	ADP
taxlaw-13768	28	17	the	the	DET
taxlaw-13768	28	18	shareholders	shareholder	NOUN
taxlaw-13768	28	19	of	of	ADP
taxlaw-13768	28	20	the	the	DET
taxlaw-13768	28	21	acquired	acquire	VERB
taxlaw-13768	28	22	company	company	NOUN
taxlaw-13768	28	23	.	.	PUNCT
taxlaw-13768	29	1	our	our	PRON
taxlaw-13768	29	2	section	section	NOUN
taxlaw-13768	29	3	367(b	367(b	PROPN
taxlaw-13768	29	4	)	)	PUNCT
taxlaw-13768	29	5	regulations	regulation	NOUN
taxlaw-13768	29	6	override	override	VERB
taxlaw-13768	29	7	that	that	DET
taxlaw-13768	29	8	treatment	treatment	NOUN
taxlaw-13768	29	9	and	and	CCONJ
taxlaw-13768	29	10	require	require	VERB
taxlaw-13768	29	11	gain	gain	NOUN
taxlaw-13768	29	12	recognition	recognition	NOUN
taxlaw-13768	29	13	for	for	ADP
taxlaw-13768	29	14	the	the	DET
taxlaw-13768	29	15	foreign	foreign	ADJ
taxlaw-13768	29	16	company	company	NOUN
taxlaw-13768	29	17	’s	’s	PART
taxlaw-13768	29	18	material	material	NOUN
taxlaw-13768	29	19	shareholders	shareholder	NOUN
taxlaw-13768	29	20	subject	subject	ADJ
taxlaw-13768	29	21	to	to	ADP
taxlaw-13768	29	22	u.s	u.s	PROPN
taxlaw-13768	29	23	.	.	PROPN
taxlaw-13768	29	24	tax.5	tax.5	PROPN
taxlaw-13768	29	25	that	that	PRON
taxlaw-13768	29	26	seems	seem	VERB
taxlaw-13768	29	27	to	to	PART
taxlaw-13768	29	28	be	be	AUX
taxlaw-13768	29	29	a	a	DET
taxlaw-13768	29	30	high	high	ADJ
taxlaw-13768	29	31	price	price	NOUN
taxlaw-13768	29	32	to	to	PART
taxlaw-13768	29	33	pay	pay	VERB
taxlaw-13768	29	34	for	for	ADP
taxlaw-13768	29	35	the	the	DET
taxlaw-13768	29	36	pleasure	pleasure	NOUN
taxlaw-13768	29	37	of	of	ADP
taxlaw-13768	29	38	bringing	bring	VERB
taxlaw-13768	29	39	the	the	DET
taxlaw-13768	29	40	foreign	foreign	ADJ
taxlaw-13768	29	41	corporate	corporate	ADJ
taxlaw-13768	29	42	group	group	NOUN
taxlaw-13768	29	43	into	into	ADP
taxlaw-13768	29	44	the	the	DET
taxlaw-13768	29	45	u.s	u.s	PROPN
taxlaw-13768	29	46	.	.	PROPN
taxlaw-13768	29	47	tax	tax	NOUN
taxlaw-13768	29	48	net	net	NOUN
taxlaw-13768	29	49	.	.	PUNCT
taxlaw-13768	30	1	much	much	ADJ
taxlaw-13768	30	2	has	have	AUX
taxlaw-13768	30	3	been	be	AUX
taxlaw-13768	30	4	discussed	discuss	VERB
taxlaw-13768	30	5	and	and	CCONJ
taxlaw-13768	30	6	written	write	VERB
taxlaw-13768	30	7	about	about	ADP
taxlaw-13768	30	8	the	the	DET
taxlaw-13768	30	9	section	section	NOUN
taxlaw-13768	30	10	367(b	367(b	PROPN
taxlaw-13768	30	11	)	)	PUNCT
taxlaw-13768	30	12	regulations	regulation	NOUN
taxlaw-13768	30	13	that	that	PRON
taxlaw-13768	30	14	compel	compel	VERB
taxlaw-13768	30	15	this	this	DET
taxlaw-13768	30	16	result	result	NOUN
taxlaw-13768	30	17	since	since	SCONJ
taxlaw-13768	30	18	the	the	DET
taxlaw-13768	30	19	regulation	regulation	NOUN
taxlaw-13768	30	20	’s	’s	PART
taxlaw-13768	30	21	finalization	finalization	NOUN
taxlaw-13768	30	22	in	in	ADP
taxlaw-13768	30	23	2000	2000	NUM
taxlaw-13768	30	24	and	and	CCONJ
taxlaw-13768	30	25	especially	especially	ADV
taxlaw-13768	30	26	1	1	NUM
taxlaw-13768	30	27	1991	1991	NUM
taxlaw-13768	30	28	proposed	propose	VERB
taxlaw-13768	30	29	regulations	regulation	NOUN
taxlaw-13768	30	30	,	,	PUNCT
taxlaw-13768	30	31	56	56	NUM
taxlaw-13768	30	32	fed	feed	VERB
taxlaw-13768	30	33	.	.	PUNCT
taxlaw-13768	31	1	reg	reg	PROPN
taxlaw-13768	31	2	.	.	PUNCT
taxlaw-13768	32	1	41993	41993	NUM
taxlaw-13768	32	2	,	,	PUNCT
taxlaw-13768	32	3	41995	41995	NUM
taxlaw-13768	32	4	(	(	PUNCT
taxlaw-13768	32	5	aug	aug	PROPN
taxlaw-13768	32	6	.	.	PROPN
taxlaw-13768	32	7	26	26	NUM
taxlaw-13768	32	8	,	,	PUNCT
taxlaw-13768	32	9	1991	1991	NUM
taxlaw-13768	32	10	)	)	PUNCT
taxlaw-13768	32	11	.	.	PUNCT
taxlaw-13768	33	1	2	2	NUM
taxlaw-13768	33	2	charles	charles	PROPN
taxlaw-13768	33	3	i.	i.	PROPN
taxlaw-13768	33	4	kingson	kingson	PROPN
taxlaw-13768	33	5	,	,	PUNCT
taxlaw-13768	33	6	the	the	DET
taxlaw-13768	33	7	theory	theory	NOUN
taxlaw-13768	33	8	and	and	CCONJ
taxlaw-13768	33	9	practice	practice	NOUN
taxlaw-13768	33	10	of	of	ADP
taxlaw-13768	33	11	section	section	NOUN
taxlaw-13768	33	12	367	367	NUM
taxlaw-13768	33	13	,	,	PUNCT
taxlaw-13768	33	14	37	37	NUM
taxlaw-13768	33	15	n.y.u	n.y.u	NOUN
taxlaw-13768	33	16	.	.	PUNCT
taxlaw-13768	34	1	ann	ann	PROPN
taxlaw-13768	34	2	.	.	PROPN
taxlaw-13768	34	3	inst	inst	PROPN
taxlaw-13768	34	4	.	.	PUNCT
taxlaw-13768	35	1	on	on	ADP
taxlaw-13768	35	2	fed	fed	PROPN
taxlaw-13768	35	3	.	.	PUNCT
taxlaw-13768	36	1	tax’n	tax’n	PROPN
taxlaw-13768	36	2	§	§	PROPN
taxlaw-13768	36	3	22.03[7][c	22.03[7][c	PROPN
taxlaw-13768	36	4	]	]	X
taxlaw-13768	36	5	(	(	PUNCT
taxlaw-13768	36	6	1979	1979	NUM
taxlaw-13768	36	7	)	)	PUNCT
taxlaw-13768	36	8	.	.	PUNCT
taxlaw-13768	37	1	3	3	NUM
taxlaw-13768	37	2	william	william	PROPN
taxlaw-13768	37	3	d.	d.	PROPN
taxlaw-13768	37	4	andrews	andrews	PROPN
taxlaw-13768	37	5	,	,	PUNCT
taxlaw-13768	37	6	“	"	PUNCT
taxlaw-13768	37	7	out	out	ADP
taxlaw-13768	37	8	of	of	ADP
taxlaw-13768	37	9	its	its	PRON
taxlaw-13768	37	10	earnings	earning	NOUN
taxlaw-13768	37	11	and	and	CCONJ
taxlaw-13768	37	12	profits	profit	NOUN
taxlaw-13768	37	13	”	"	PUNCT
taxlaw-13768	37	14	:	:	PUNCT
taxlaw-13768	37	15	some	some	DET
taxlaw-13768	37	16	reflections	reflection	NOUN
taxlaw-13768	37	17	on	on	ADP
taxlaw-13768	37	18	the	the	DET
taxlaw-13768	37	19	taxation	taxation	NOUN
taxlaw-13768	37	20	of	of	ADP
taxlaw-13768	37	21	dividends	dividend	NOUN
taxlaw-13768	37	22	,	,	PUNCT
taxlaw-13768	37	23	69	69	NUM
taxlaw-13768	37	24	harv	harv	NOUN
taxlaw-13768	37	25	.	.	PUNCT
taxlaw-13768	38	1	l.	l.	PROPN
taxlaw-13768	38	2	rev	rev	PROPN
taxlaw-13768	38	3	.	.	PROPN
taxlaw-13768	38	4	1403	1403	NUM
taxlaw-13768	38	5	,	,	PUNCT
taxlaw-13768	38	6	1408	1408	NUM
taxlaw-13768	38	7	(	(	PUNCT
taxlaw-13768	38	8	1956	1956	NUM
taxlaw-13768	38	9	)	)	PUNCT
taxlaw-13768	38	10	.	.	PUNCT
taxlaw-13768	39	1	4	4	NUM
taxlaw-13768	39	2	see	see	VERB
taxlaw-13768	39	3	i.r.c	i.r.c	NOUN
taxlaw-13768	39	4	.	.	PUNCT
taxlaw-13768	40	1	§	§	PROPN
taxlaw-13768	40	2	7874	7874	NUM
taxlaw-13768	40	3	.	.	PUNCT
taxlaw-13768	41	1	unless	unless	SCONJ
taxlaw-13768	41	2	otherwise	otherwise	ADV
taxlaw-13768	41	3	specified	specify	VERB
taxlaw-13768	41	4	,	,	PUNCT
taxlaw-13768	41	5	all	all	DET
taxlaw-13768	41	6	“	"	PUNCT
taxlaw-13768	41	7	section	section	NOUN
taxlaw-13768	41	8	”	"	PUNCT
taxlaw-13768	41	9	references	reference	NOUN
taxlaw-13768	41	10	contained	contain	VERB
taxlaw-13768	41	11	herein	herein	NOUN
taxlaw-13768	41	12	are	be	AUX
taxlaw-13768	41	13	to	to	ADP
taxlaw-13768	41	14	the	the	DET
taxlaw-13768	41	15	u.s	u.s	PROPN
taxlaw-13768	41	16	.	.	PROPN
taxlaw-13768	41	17	internal	internal	PROPN
taxlaw-13768	41	18	revenue	revenue	NOUN
taxlaw-13768	41	19	code	code	NOUN
taxlaw-13768	41	20	of	of	ADP
taxlaw-13768	41	21	1986	1986	NUM
taxlaw-13768	41	22	,	,	PUNCT
taxlaw-13768	41	23	as	as	SCONJ
taxlaw-13768	41	24	amended	amend	VERB
taxlaw-13768	41	25	,	,	PUNCT
taxlaw-13768	41	26	(	(	PUNCT
taxlaw-13768	41	27	the	the	DET
taxlaw-13768	41	28	“	"	PUNCT
taxlaw-13768	41	29	code	code	NOUN
taxlaw-13768	41	30	”	"	PUNCT
taxlaw-13768	41	31	)	)	PUNCT
taxlaw-13768	41	32	and	and	CCONJ
taxlaw-13768	41	33	all	all	DET
taxlaw-13768	41	34	“	"	PUNCT
taxlaw-13768	41	35	regulation	regulation	NOUN
taxlaw-13768	41	36	section	section	NOUN
taxlaw-13768	41	37	”	"	PUNCT
taxlaw-13768	41	38	and	and	CCONJ
taxlaw-13768	41	39	“	"	PUNCT
taxlaw-13768	41	40	treas	treas	X
taxlaw-13768	41	41	.	.	PUNCT
taxlaw-13768	42	1	reg	reg	PROPN
taxlaw-13768	42	2	.	.	PUNCT
taxlaw-13768	43	1	§	§	NOUN
taxlaw-13768	43	2	”	"	PUNCT
taxlaw-13768	43	3	references	reference	NOUN
taxlaw-13768	43	4	are	be	AUX
taxlaw-13768	43	5	to	to	ADP
taxlaw-13768	43	6	the	the	DET
taxlaw-13768	43	7	u.s	u.s	PROPN
taxlaw-13768	43	8	.	.	PROPN
taxlaw-13768	43	9	treasury	treasury	PROPN
taxlaw-13768	43	10	regulations	regulation	NOUN
taxlaw-13768	43	11	promulgated	promulgate	VERB
taxlaw-13768	43	12	thereunder	thereunder	NOUN
taxlaw-13768	43	13	.	.	PUNCT
taxlaw-13768	44	1	references	reference	NOUN
taxlaw-13768	44	2	to	to	ADP
taxlaw-13768	44	3	proposed	propose	VERB
taxlaw-13768	44	4	regulations	regulation	NOUN
taxlaw-13768	44	5	are	be	AUX
taxlaw-13768	44	6	designated	designate	VERB
taxlaw-13768	44	7	as	as	ADP
taxlaw-13768	44	8	“	"	PUNCT
taxlaw-13768	44	9	prop	prop	NOUN
taxlaw-13768	44	10	.	.	PUNCT
taxlaw-13768	45	1	treas	treas	PROPN
taxlaw-13768	45	2	.	.	PUNCT
taxlaw-13768	46	1	reg	reg	PROPN
taxlaw-13768	46	2	.	.	PUNCT
taxlaw-13768	47	1	§	§	NOUN
taxlaw-13768	47	2	,	,	PUNCT
taxlaw-13768	47	3	”	"	PUNCT
taxlaw-13768	47	4	and	and	CCONJ
taxlaw-13768	47	5	references	reference	NOUN
taxlaw-13768	47	6	to	to	ADP
taxlaw-13768	47	7	temporary	temporary	ADJ
taxlaw-13768	47	8	regulations	regulation	NOUN
taxlaw-13768	47	9	are	be	AUX
taxlaw-13768	47	10	designated	designate	VERB
taxlaw-13768	47	11	as	as	ADP
taxlaw-13768	47	12	“	"	PUNCT
taxlaw-13768	47	13	temp	temp	NOUN
taxlaw-13768	47	14	.	.	PUNCT
taxlaw-13768	48	1	treas	treas	PROPN
taxlaw-13768	48	2	.	.	PUNCT
taxlaw-13768	49	1	reg	reg	PROPN
taxlaw-13768	49	2	.	.	PUNCT
taxlaw-13768	50	1	§	§	PROPN
taxlaw-13768	50	2	.	.	PUNCT
taxlaw-13768	50	3	”	"	PUNCT
taxlaw-13768	51	1	citations	citation	NOUN
taxlaw-13768	51	2	to	to	ADP
taxlaw-13768	51	3	preambles	preamble	NOUN
taxlaw-13768	51	4	of	of	ADP
taxlaw-13768	51	5	regulations	regulation	NOUN
taxlaw-13768	51	6	are	be	AUX
taxlaw-13768	51	7	noted	note	VERB
taxlaw-13768	51	8	accordingly	accordingly	ADV
taxlaw-13768	51	9	where	where	SCONJ
taxlaw-13768	51	10	applicable	applicable	ADJ
taxlaw-13768	51	11	.	.	PUNCT
taxlaw-13768	52	1	5	5	NUM
taxlaw-13768	52	2	see	see	VERB
taxlaw-13768	52	3	treas	treas	PROPN
taxlaw-13768	52	4	.	.	PUNCT
taxlaw-13768	53	1	reg	reg	PROPN
taxlaw-13768	53	2	.	.	PUNCT
taxlaw-13768	54	1	§	§	PROPN
taxlaw-13768	54	2	1.367(b)-3	1.367(b)-3	PROPN
taxlaw-13768	54	3	.	.	PROPN
taxlaw-13768	54	4	164	164	NUM
taxlaw-13768	54	5	columbia	columbia	PROPN
taxlaw-13768	54	6	journal	journal	PROPN
taxlaw-13768	54	7	of	of	ADP
taxlaw-13768	54	8	tax	tax	NOUN
taxlaw-13768	54	9	law	law	NOUN
taxlaw-13768	54	10	[	[	X
taxlaw-13768	54	11	vol	vol	NOUN
taxlaw-13768	54	12	.	.	PUNCT
taxlaw-13768	55	1	16:2	16:2	NUM
taxlaw-13768	55	2	since	since	SCONJ
taxlaw-13768	55	3	the	the	DET
taxlaw-13768	55	4	enactment	enactment	NOUN
taxlaw-13768	55	5	of	of	ADP
taxlaw-13768	55	6	the	the	DET
taxlaw-13768	55	7	2017	2017	NUM
taxlaw-13768	55	8	tax	tax	NOUN
taxlaw-13768	55	9	cuts	cut	NOUN
taxlaw-13768	55	10	and	and	CCONJ
taxlaw-13768	55	11	jobs	job	NOUN
taxlaw-13768	55	12	act	act	NOUN
taxlaw-13768	55	13	(	(	PUNCT
taxlaw-13768	55	14	“	"	PUNCT
taxlaw-13768	55	15	tcja	tcja	PROPN
taxlaw-13768	55	16	”	"	PUNCT
taxlaw-13768	55	17	)	)	PUNCT
taxlaw-13768	55	18	.	.	PUNCT
taxlaw-13768	56	1	several	several	ADJ
taxlaw-13768	56	2	of	of	ADP
taxlaw-13768	56	3	us	we	PRON
taxlaw-13768	56	4	at	at	ADP
taxlaw-13768	56	5	skadden	skadden	PROPN
taxlaw-13768	56	6	wrote	write	VERB
taxlaw-13768	56	7	treasury	treasury	PROPN
taxlaw-13768	56	8	and	and	CCONJ
taxlaw-13768	56	9	the	the	DET
taxlaw-13768	56	10	internal	internal	ADJ
taxlaw-13768	56	11	revenue	revenue	NOUN
taxlaw-13768	56	12	service	service	NOUN
taxlaw-13768	56	13	(	(	PUNCT
taxlaw-13768	56	14	“	"	PUNCT
taxlaw-13768	56	15	irs	irs	PROPN
taxlaw-13768	56	16	”	"	PUNCT
taxlaw-13768	56	17	)	)	PUNCT
taxlaw-13768	56	18	in	in	ADP
taxlaw-13768	56	19	the	the	DET
taxlaw-13768	56	20	summer	summer	NOUN
taxlaw-13768	56	21	of	of	ADP
taxlaw-13768	56	22	2021	2021	NUM
taxlaw-13768	56	23	urging	urge	VERB
taxlaw-13768	56	24	them	they	PRON
taxlaw-13768	56	25	to	to	PART
taxlaw-13768	56	26	revisit	revisit	VERB
taxlaw-13768	56	27	the	the	DET
taxlaw-13768	56	28	regulation.6	regulation.6	NOUN
taxlaw-13768	56	29	a	a	DET
taxlaw-13768	56	30	new	new	PROPN
taxlaw-13768	56	31	york	york	PROPN
taxlaw-13768	56	32	state	state	NOUN
taxlaw-13768	56	33	bar	bar	NOUN
taxlaw-13768	56	34	report,7	report,7	NOUN
taxlaw-13768	56	35	was	be	AUX
taxlaw-13768	56	36	issued	issue	VERB
taxlaw-13768	56	37	in	in	ADP
taxlaw-13768	56	38	june	june	PROPN
taxlaw-13768	56	39	2022	2022	NUM
taxlaw-13768	56	40	also	also	ADV
taxlaw-13768	56	41	urging	urge	VERB
taxlaw-13768	56	42	reconsideration	reconsideration	NOUN
taxlaw-13768	56	43	.	.	PUNCT
taxlaw-13768	57	1	gary	gary	PROPN
taxlaw-13768	57	2	scanlon	scanlon	PROPN
taxlaw-13768	57	3	of	of	ADP
taxlaw-13768	57	4	kpmg	kpmg	PROPN
taxlaw-13768	57	5	published	publish	VERB
taxlaw-13768	57	6	an	an	DET
taxlaw-13768	57	7	article	article	NOUN
taxlaw-13768	57	8	in	in	ADP
taxlaw-13768	57	9	taxes	taxis	NOUN
taxlaw-13768	57	10	—	—	PUNCT
taxlaw-13768	57	11	the	the	DET
taxlaw-13768	57	12	taxes	taxis	NOUN
taxlaw-13768	57	13	magazine8	magazine8	NOUN
taxlaw-13768	57	14	and	and	CCONJ
taxlaw-13768	57	15	led	lead	VERB
taxlaw-13768	57	16	an	an	DET
taxlaw-13768	57	17	international	international	ADJ
taxlaw-13768	57	18	tax	tax	NOUN
taxlaw-13768	57	19	institute	institute	NOUN
taxlaw-13768	57	20	panel	panel	NOUN
taxlaw-13768	57	21	on	on	ADP
taxlaw-13768	57	22	the	the	DET
taxlaw-13768	57	23	topic	topic	NOUN
taxlaw-13768	57	24	in	in	ADP
taxlaw-13768	57	25	march	march	PROPN
taxlaw-13768	57	26	2023.9	2023.9	NUM
taxlaw-13768	57	27	bret	bret	NOUN
taxlaw-13768	57	28	wells	well	NOUN
taxlaw-13768	57	29	published	publish	VERB
taxlaw-13768	57	30	a	a	DET
taxlaw-13768	57	31	law	law	NOUN
taxlaw-13768	57	32	review	review	NOUN
taxlaw-13768	57	33	article	article	NOUN
taxlaw-13768	57	34	a	a	DET
taxlaw-13768	57	35	few	few	ADJ
taxlaw-13768	57	36	months	month	NOUN
taxlaw-13768	57	37	later,10	later,10	NOUN
taxlaw-13768	57	38	and	and	CCONJ
taxlaw-13768	57	39	the	the	DET
taxlaw-13768	57	40	uf	uf	PROPN
taxlaw-13768	57	41	tax	tax	NOUN
taxlaw-13768	57	42	incubator	incubator	NOUN
taxlaw-13768	57	43	project	project	NOUN
taxlaw-13768	57	44	published	publish	VERB
taxlaw-13768	57	45	its	its	PRON
taxlaw-13768	57	46	recommendations	recommendation	NOUN
taxlaw-13768	57	47	in	in	ADP
taxlaw-13768	57	48	a	a	DET
taxlaw-13768	57	49	tax	tax	NOUN
taxlaw-13768	57	50	notes	note	NOUN
taxlaw-13768	57	51	international	international	ADJ
taxlaw-13768	57	52	special	special	ADJ
taxlaw-13768	57	53	report	report	NOUN
taxlaw-13768	57	54	in	in	ADP
taxlaw-13768	57	55	august	august	PROPN
taxlaw-13768	57	56	2024.11	2024.11	NUM
taxlaw-13768	57	57	there	there	PRON
taxlaw-13768	57	58	seems	seem	VERB
taxlaw-13768	57	59	to	to	PART
taxlaw-13768	57	60	be	be	AUX
taxlaw-13768	57	61	a	a	DET
taxlaw-13768	57	62	consensus	consensus	NOUN
taxlaw-13768	57	63	among	among	ADP
taxlaw-13768	57	64	these	these	DET
taxlaw-13768	57	65	commentators	commentator	NOUN
taxlaw-13768	57	66	that	that	SCONJ
taxlaw-13768	57	67	treas	treas	PROPN
taxlaw-13768	57	68	.	.	PUNCT
taxlaw-13768	58	1	reg	reg	PROPN
taxlaw-13768	58	2	.	.	PUNCT
taxlaw-13768	59	1	§	§	PROPN
taxlaw-13768	59	2	1.367(b)-3	1.367(b)-3	NUM
taxlaw-13768	59	3	as	as	SCONJ
taxlaw-13768	59	4	applied	apply	VERB
taxlaw-13768	59	5	to	to	ADP
taxlaw-13768	59	6	less	less	ADV
taxlaw-13768	59	7	-	-	PUNCT
taxlaw-13768	59	8	than-10	than-10	PROPN
taxlaw-13768	59	9	%	%	NOUN
taxlaw-13768	59	10	u.s	u.s	PROPN
taxlaw-13768	59	11	.	.	PROPN
taxlaw-13768	59	12	shareholders12	shareholders12	PROPN
taxlaw-13768	59	13	is	be	AUX
taxlaw-13768	59	14	inappropriate	inappropriate	ADJ
taxlaw-13768	59	15	after	after	ADP
taxlaw-13768	59	16	both	both	CCONJ
taxlaw-13768	59	17	the	the	DET
taxlaw-13768	59	18	2004	2004	NUM
taxlaw-13768	59	19	enactment	enactment	NOUN
taxlaw-13768	59	20	of	of	ADP
taxlaw-13768	59	21	section	section	NOUN
taxlaw-13768	59	22	362(e	362(e	PROPN
taxlaw-13768	59	23	)	)	PUNCT
taxlaw-13768	59	24	and	and	CCONJ
taxlaw-13768	59	25	particularly	particularly	ADV
taxlaw-13768	59	26	after	after	ADP
taxlaw-13768	59	27	the	the	DET
taxlaw-13768	59	28	tcja.13	tcja.13	PRON
taxlaw-13768	59	29	some	some	PRON
taxlaw-13768	59	30	of	of	ADP
taxlaw-13768	59	31	us	we	PRON
taxlaw-13768	59	32	came	come	VERB
taxlaw-13768	59	33	to	to	PART
taxlaw-13768	59	34	wonder	wonder	VERB
taxlaw-13768	59	35	whether	whether	SCONJ
taxlaw-13768	59	36	the	the	DET
taxlaw-13768	59	37	regulations	regulation	NOUN
taxlaw-13768	59	38	were	be	AUX
taxlaw-13768	59	39	even	even	ADV
taxlaw-13768	59	40	appropriate	appropriate	ADJ
taxlaw-13768	59	41	at	at	ADP
taxlaw-13768	59	42	their	their	PRON
taxlaw-13768	59	43	original	original	ADJ
taxlaw-13768	59	44	adoption	adoption	NOUN
taxlaw-13768	59	45	in	in	ADP
taxlaw-13768	59	46	1991	1991	NUM
taxlaw-13768	59	47	.	.	PUNCT
taxlaw-13768	60	1	we	we	PRON
taxlaw-13768	60	2	assumed	assume	VERB
taxlaw-13768	60	3	they	they	PRON
taxlaw-13768	60	4	were	be	AUX
taxlaw-13768	60	5	because	because	SCONJ
taxlaw-13768	60	6	the	the	DET
taxlaw-13768	60	7	original	original	ADJ
taxlaw-13768	60	8	thinking	thinking	NOUN
taxlaw-13768	60	9	behind	behind	ADP
taxlaw-13768	60	10	the	the	DET
taxlaw-13768	60	11	regulation	regulation	NOUN
taxlaw-13768	60	12	was	be	AUX
taxlaw-13768	60	13	driven	drive	VERB
taxlaw-13768	60	14	by	by	ADP
taxlaw-13768	60	15	charles	charles	PROPN
taxlaw-13768	60	16	kingson	kingson	PROPN
taxlaw-13768	60	17	,	,	PUNCT
taxlaw-13768	60	18	who	who	PRON
taxlaw-13768	60	19	was	be	AUX
taxlaw-13768	60	20	a	a	DET
taxlaw-13768	60	21	legendary	legendary	ADJ
taxlaw-13768	60	22	tax	tax	NOUN
taxlaw-13768	60	23	lawyer	lawyer	NOUN
taxlaw-13768	60	24	of	of	ADP
taxlaw-13768	60	25	that	that	DET
taxlaw-13768	60	26	time.14	time.14	PROPN
taxlaw-13768	60	27	and	and	CCONJ
taxlaw-13768	60	28	it	it	PRON
taxlaw-13768	60	29	was	be	AUX
taxlaw-13768	60	30	validated	validate	VERB
taxlaw-13768	60	31	by	by	ADP
taxlaw-13768	60	32	subsequent	subsequent	ADJ
taxlaw-13768	60	33	commentators	commentator	NOUN
taxlaw-13768	60	34	including	include	VERB
taxlaw-13768	60	35	the	the	DET
taxlaw-13768	60	36	dolan	dolan	PROPN
taxlaw-13768	60	37	et	et	PROPN
taxlaw-13768	60	38	6	6	NUM
taxlaw-13768	60	39	paul	paul	PROPN
taxlaw-13768	60	40	w.	w.	PROPN
taxlaw-13768	60	41	oosterhuis	oosterhuis	PROPN
taxlaw-13768	60	42	&	&	CCONJ
taxlaw-13768	60	43	moshe	moshe	PROPN
taxlaw-13768	60	44	spinowitz	spinowitz	PROPN
taxlaw-13768	60	45	,	,	PUNCT
taxlaw-13768	60	46	firm	firm	NOUN
taxlaw-13768	60	47	urges	urge	VERB
taxlaw-13768	60	48	irs	irs	PROPN
taxlaw-13768	60	49	to	to	PART
taxlaw-13768	60	50	reconsider	reconsider	VERB
taxlaw-13768	60	51	inbound	inbound	ADJ
taxlaw-13768	60	52	transaction	transaction	NOUN
taxlaw-13768	60	53	rules	rule	NOUN
taxlaw-13768	60	54	,	,	PUNCT
taxlaw-13768	60	55	2021	2021	NUM
taxlaw-13768	60	56	tax	tax	NOUN
taxlaw-13768	60	57	notes	note	NOUN
taxlaw-13768	60	58	today	today	NOUN
taxlaw-13768	60	59	int’l	int’l	ADV
taxlaw-13768	60	60	185	185	NUM
taxlaw-13768	60	61	-	-	SYM
taxlaw-13768	60	62	20	20	NUM
taxlaw-13768	60	63	(	(	PUNCT
taxlaw-13768	60	64	aug	aug	PROPN
taxlaw-13768	60	65	.	.	PROPN
taxlaw-13768	60	66	25	25	NUM
taxlaw-13768	60	67	,	,	PUNCT
taxlaw-13768	60	68	2021	2021	NUM
taxlaw-13768	60	69	)	)	PUNCT
taxlaw-13768	60	70	.	.	PUNCT
taxlaw-13768	61	1	7	7	NUM
taxlaw-13768	61	2	tax	tax	NOUN
taxlaw-13768	61	3	section	section	NOUN
taxlaw-13768	61	4	,	,	PUNCT
taxlaw-13768	61	5	n.y	n.y	PROPN
taxlaw-13768	61	6	.	.	PROPN
taxlaw-13768	61	7	state	state	PROPN
taxlaw-13768	61	8	bar	bar	PROPN
taxlaw-13768	61	9	ass’n	ass’n	NOUN
taxlaw-13768	61	10	,	,	PUNCT
taxlaw-13768	61	11	an	an	DET
taxlaw-13768	61	12	analysis	analysis	NOUN
taxlaw-13768	61	13	of	of	ADP
taxlaw-13768	61	14	potential	potential	ADJ
taxlaw-13768	61	15	design	design	NOUN
taxlaw-13768	61	16	changes	change	NOUN
taxlaw-13768	61	17	to	to	ADP
taxlaw-13768	61	18	regulation	regulation	NOUN
taxlaw-13768	61	19	section	section	NOUN
taxlaw-13768	61	20	1.367(b)-3	1.367(b)-3	NUM
taxlaw-13768	61	21	in	in	ADP
taxlaw-13768	61	22	light	light	NOUN
taxlaw-13768	61	23	of	of	ADP
taxlaw-13768	61	24	the	the	DET
taxlaw-13768	61	25	tax	tax	NOUN
taxlaw-13768	61	26	cuts	cut	NOUN
taxlaw-13768	61	27	and	and	CCONJ
taxlaw-13768	61	28	jobs	job	NOUN
taxlaw-13768	61	29	act	act	PROPN
taxlaw-13768	61	30	,	,	PUNCT
taxlaw-13768	61	31	rep	rep	PROPN
taxlaw-13768	61	32	.	.	PROPN
taxlaw-13768	61	33	no	no	NOUN
taxlaw-13768	61	34	.	.	NOUN
taxlaw-13768	61	35	1463	1463	NUM
taxlaw-13768	61	36	(	(	PUNCT
taxlaw-13768	61	37	2022	2022	NUM
taxlaw-13768	61	38	)	)	PUNCT
taxlaw-13768	61	39	.	.	PUNCT
taxlaw-13768	62	1	8	8	NUM
taxlaw-13768	62	2	gary	gary	PROPN
taxlaw-13768	62	3	scanlon	scanlon	PROPN
taxlaw-13768	62	4	&	&	CCONJ
taxlaw-13768	62	5	elena	elena	PROPN
taxlaw-13768	62	6	madaj	madaj	PROPN
taxlaw-13768	62	7	,	,	PUNCT
taxlaw-13768	62	8	code	code	PROPN
taxlaw-13768	62	9	sec	sec	PROPN
taxlaw-13768	62	10	.	.	PUNCT
taxlaw-13768	63	1	367(b	367(b	NOUN
taxlaw-13768	63	2	):	):	PUNCT
taxlaw-13768	63	3	where	where	SCONJ
taxlaw-13768	63	4	do	do	AUX
taxlaw-13768	63	5	we	we	PRON
taxlaw-13768	63	6	go	go	VERB
taxlaw-13768	63	7	from	from	ADP
taxlaw-13768	63	8	here	here	ADV
taxlaw-13768	63	9	?	?	PUNCT
taxlaw-13768	63	10	,	,	PUNCT
taxlaw-13768	63	11	101	101	NUM
taxlaw-13768	63	12	taxes	taxis	NOUN
taxlaw-13768	63	13	263	263	NUM
taxlaw-13768	63	14	(	(	PUNCT
taxlaw-13768	63	15	2023	2023	NUM
taxlaw-13768	63	16	)	)	PUNCT
taxlaw-13768	63	17	.	.	PUNCT
taxlaw-13768	64	1	9	9	NUM
taxlaw-13768	64	2	see	see	VERB
taxlaw-13768	64	3	basics	basic	NOUN
taxlaw-13768	64	4	of	of	ADP
taxlaw-13768	64	5	international	international	ADJ
taxlaw-13768	64	6	taxation	taxation	NOUN
taxlaw-13768	64	7	2023	2023	NUM
taxlaw-13768	64	8	,	,	PUNCT
taxlaw-13768	64	9	practising	practise	VERB
taxlaw-13768	64	10	law	law	NOUN
taxlaw-13768	64	11	inst	inst	NOUN
taxlaw-13768	64	12	.	.	PUNCT
taxlaw-13768	64	13	https://www.pli.edu/programs/basics-of-international-taxation/358873	https://www.pli.edu/programs/basics-of-international-taxation/358873	PROPN
taxlaw-13768	65	1	[	[	X
taxlaw-13768	65	2	https://perma.cc/e4luhsuc	https://perma.cc/e4luhsuc	X
taxlaw-13768	65	3	]	]	X
taxlaw-13768	65	4	(	(	PUNCT
taxlaw-13768	65	5	last	last	ADV
taxlaw-13768	65	6	visited	visit	VERB
taxlaw-13768	65	7	jan	jan	PROPN
taxlaw-13768	65	8	.	.	PROPN
taxlaw-13768	65	9	14	14	NUM
taxlaw-13768	65	10	,	,	PUNCT
taxlaw-13768	65	11	2025	2025	NUM
taxlaw-13768	65	12	)	)	PUNCT
taxlaw-13768	65	13	.	.	PUNCT
taxlaw-13768	66	1	10	10	NUM
taxlaw-13768	66	2	bret	bret	PROPN
taxlaw-13768	66	3	wells	wells	PROPN
taxlaw-13768	66	4	,	,	PUNCT
taxlaw-13768	66	5	reform	reform	NOUN
taxlaw-13768	66	6	of	of	ADP
taxlaw-13768	66	7	section	section	NOUN
taxlaw-13768	66	8	367(a	367(a	NUM
taxlaw-13768	66	9	)	)	PUNCT
taxlaw-13768	66	10	and	and	CCONJ
taxlaw-13768	66	11	section	section	NOUN
taxlaw-13768	66	12	367(b	367(b	PROPN
taxlaw-13768	66	13	)	)	PUNCT
taxlaw-13768	66	14	for	for	ADP
taxlaw-13768	66	15	a	a	DET
taxlaw-13768	66	16	post	post	ADJ
taxlaw-13768	66	17	-	-	ADJ
taxlaw-13768	66	18	tcja	tcja	ADJ
taxlaw-13768	66	19	era	era	NOUN
taxlaw-13768	66	20	,	,	PUNCT
taxlaw-13768	66	21	23	23	NUM
taxlaw-13768	66	22	hous	hous	ADJ
taxlaw-13768	66	23	.	.	PUNCT
taxlaw-13768	67	1	bus	bus	NOUN
taxlaw-13768	67	2	.	.	PUNCT
taxlaw-13768	67	3	&	&	CCONJ
taxlaw-13768	67	4	tax	tax	PROPN
taxlaw-13768	67	5	l.	l.	PROPN
taxlaw-13768	67	6	j.	j.	PROPN
taxlaw-13768	67	7	195	195	NUM
taxlaw-13768	67	8	(	(	PUNCT
taxlaw-13768	67	9	2023	2023	NUM
taxlaw-13768	67	10	)	)	PUNCT
taxlaw-13768	67	11	.	.	PUNCT
taxlaw-13768	68	1	11	11	NUM
taxlaw-13768	68	2	uf	uf	NOUN
taxlaw-13768	68	3	tax	tax	NOUN
taxlaw-13768	68	4	incubator	incubator	NOUN
taxlaw-13768	68	5	,	,	PUNCT
taxlaw-13768	68	6	potential	potential	ADJ
taxlaw-13768	68	7	changes	change	NOUN
taxlaw-13768	68	8	to	to	ADP
taxlaw-13768	68	9	section	section	NOUN
taxlaw-13768	68	10	367	367	NUM
taxlaw-13768	68	11	and	and	CCONJ
taxlaw-13768	68	12	the	the	DET
taxlaw-13768	68	13	associated	associated	ADJ
taxlaw-13768	68	14	treasury	treasury	NOUN
taxlaw-13768	68	15	regulations	regulation	NOUN
taxlaw-13768	68	16	,	,	PUNCT
taxlaw-13768	68	17	115	115	NUM
taxlaw-13768	68	18	tax	tax	NOUN
taxlaw-13768	68	19	notes	note	NOUN
taxlaw-13768	68	20	int’l	int’l	X
taxlaw-13768	68	21	905	905	NUM
taxlaw-13768	68	22	(	(	PUNCT
taxlaw-13768	68	23	aug	aug	PROPN
taxlaw-13768	68	24	.	.	PROPN
taxlaw-13768	68	25	5	5	NUM
taxlaw-13768	68	26	,	,	PUNCT
taxlaw-13768	68	27	2024	2024	NUM
taxlaw-13768	68	28	)	)	PUNCT
taxlaw-13768	68	29	.	.	PUNCT
taxlaw-13768	69	1	12	12	NUM
taxlaw-13768	69	2	generally	generally	ADV
taxlaw-13768	69	3	,	,	PUNCT
taxlaw-13768	69	4	under	under	ADP
taxlaw-13768	69	5	section	section	NOUN
taxlaw-13768	69	6	951(b	951(b	PROPN
taxlaw-13768	69	7	)	)	PUNCT
taxlaw-13768	69	8	,	,	PUNCT
taxlaw-13768	69	9	a	a	DET
taxlaw-13768	69	10	u.s	u.s	PROPN
taxlaw-13768	69	11	.	.	PROPN
taxlaw-13768	69	12	shareholder	shareholder	NOUN
taxlaw-13768	69	13	is	be	AUX
taxlaw-13768	69	14	a	a	DET
taxlaw-13768	69	15	u.s	u.s	PROPN
taxlaw-13768	69	16	.	.	PROPN
taxlaw-13768	69	17	person	person	NOUN
taxlaw-13768	69	18	that	that	PRON
taxlaw-13768	69	19	owns	own	VERB
taxlaw-13768	69	20	(	(	PUNCT
taxlaw-13768	69	21	within	within	ADP
taxlaw-13768	69	22	the	the	DET
taxlaw-13768	69	23	meaning	meaning	NOUN
taxlaw-13768	69	24	of	of	ADP
taxlaw-13768	69	25	section	section	NOUN
taxlaw-13768	69	26	958(a	958(a	PROPN
taxlaw-13768	69	27	)	)	PUNCT
taxlaw-13768	69	28	or	or	CCONJ
taxlaw-13768	69	29	(	(	PUNCT
taxlaw-13768	69	30	b	b	NOUN
taxlaw-13768	69	31	)	)	PUNCT
taxlaw-13768	69	32	)	)	PUNCT
taxlaw-13768	69	33	10	10	NUM
taxlaw-13768	69	34	%	%	NOUN
taxlaw-13768	69	35	or	or	CCONJ
taxlaw-13768	69	36	more	more	ADJ
taxlaw-13768	69	37	of	of	ADP
taxlaw-13768	69	38	the	the	DET
taxlaw-13768	69	39	vote	vote	NOUN
taxlaw-13768	69	40	or	or	CCONJ
taxlaw-13768	69	41	value	value	NOUN
taxlaw-13768	69	42	of	of	ADP
taxlaw-13768	69	43	a	a	DET
taxlaw-13768	69	44	foreign	foreign	ADJ
taxlaw-13768	69	45	corporation	corporation	NOUN
taxlaw-13768	69	46	.	.	PUNCT
taxlaw-13768	70	1	for	for	ADP
taxlaw-13768	70	2	the	the	DET
taxlaw-13768	70	3	remainder	remainder	NOUN
taxlaw-13768	70	4	of	of	ADP
taxlaw-13768	70	5	this	this	DET
taxlaw-13768	70	6	article	article	NOUN
taxlaw-13768	70	7	,	,	PUNCT
taxlaw-13768	70	8	we	we	PRON
taxlaw-13768	70	9	use	use	VERB
taxlaw-13768	70	10	the	the	DET
taxlaw-13768	70	11	defined	define	VERB
taxlaw-13768	70	12	term	term	NOUN
taxlaw-13768	70	13	“	"	PUNCT
taxlaw-13768	70	14	u.s	u.s	PROPN
taxlaw-13768	70	15	.	.	PROPN
taxlaw-13768	70	16	shareholder	shareholder	NOUN
taxlaw-13768	70	17	”	"	PUNCT
taxlaw-13768	70	18	when	when	SCONJ
taxlaw-13768	70	19	referring	refer	VERB
taxlaw-13768	70	20	to	to	ADP
taxlaw-13768	70	21	shareholders	shareholder	NOUN
taxlaw-13768	70	22	that	that	PRON
taxlaw-13768	70	23	meet	meet	VERB
taxlaw-13768	70	24	such	such	ADJ
taxlaw-13768	70	25	definition	definition	NOUN
taxlaw-13768	70	26	under	under	ADP
taxlaw-13768	70	27	section	section	NOUN
taxlaw-13768	70	28	951(b	951(b	PROPN
taxlaw-13768	70	29	)	)	PUNCT
taxlaw-13768	70	30	.	.	PUNCT
taxlaw-13768	71	1	13	13	NUM
taxlaw-13768	71	2	see	see	VERB
taxlaw-13768	71	3	,	,	PUNCT
taxlaw-13768	71	4	e.g.	e.g.	ADV
taxlaw-13768	71	5	,	,	PUNCT
taxlaw-13768	71	6	scanlon	scanlon	PROPN
taxlaw-13768	71	7	&	&	CCONJ
taxlaw-13768	71	8	madaj	madaj	PROPN
taxlaw-13768	71	9	,	,	PUNCT
taxlaw-13768	71	10	supra	supra	PROPN
taxlaw-13768	71	11	note	note	NOUN
taxlaw-13768	71	12	9	9	NUM
taxlaw-13768	71	13	,	,	PUNCT
taxlaw-13768	71	14	at	at	ADP
taxlaw-13768	71	15	267	267	NUM
taxlaw-13768	71	16	.	.	PUNCT
taxlaw-13768	72	1	14	14	NUM
taxlaw-13768	72	2	see	see	VERB
taxlaw-13768	72	3	generally	generally	ADV
taxlaw-13768	72	4	charles	charles	PROPN
taxlaw-13768	72	5	i.	i.	PROPN
taxlaw-13768	72	6	kingson	kingson	PROPN
taxlaw-13768	72	7	,	,	PUNCT
taxlaw-13768	72	8	the	the	DET
taxlaw-13768	72	9	theory	theory	NOUN
taxlaw-13768	72	10	and	and	CCONJ
taxlaw-13768	72	11	practice	practice	NOUN
taxlaw-13768	72	12	of	of	ADP
taxlaw-13768	72	13	section	section	NOUN
taxlaw-13768	72	14	367	367	NUM
taxlaw-13768	72	15	,	,	PUNCT
taxlaw-13768	72	16	37	37	NUM
taxlaw-13768	72	17	n.y.u	n.y.u	NOUN
taxlaw-13768	72	18	.	.	PUNCT
taxlaw-13768	73	1	ann	ann	PROPN
taxlaw-13768	73	2	.	.	PROPN
taxlaw-13768	73	3	inst	inst	PROPN
taxlaw-13768	73	4	.	.	PUNCT
taxlaw-13768	74	1	on	on	ADP
taxlaw-13768	74	2	fed	fed	PROPN
taxlaw-13768	74	3	.	.	PUNCT
taxlaw-13768	75	1	tax’n	tax’n	PROPN
taxlaw-13768	75	2	§	§	PROPN
taxlaw-13768	75	3	22.03[7][c	22.03[7][c	PROPN
taxlaw-13768	75	4	]	]	X
taxlaw-13768	75	5	(	(	PUNCT
taxlaw-13768	75	6	1979	1979	NUM
taxlaw-13768	75	7	)	)	PUNCT
taxlaw-13768	75	8	.	.	PUNCT
taxlaw-13768	76	1	for	for	ADP
taxlaw-13768	76	2	a	a	DET
taxlaw-13768	76	3	biographical	biographical	ADJ
taxlaw-13768	76	4	overview	overview	NOUN
taxlaw-13768	76	5	of	of	ADP
taxlaw-13768	76	6	kingson	kingson	NOUN
taxlaw-13768	76	7	’s	’s	PART
taxlaw-13768	76	8	career	career	NOUN
taxlaw-13768	76	9	,	,	PUNCT
taxlaw-13768	76	10	see	see	VERB
taxlaw-13768	76	11	in	in	ADP
taxlaw-13768	76	12	memoriam	memoriam	PROPN
taxlaw-13768	76	13	:	:	PUNCT
taxlaw-13768	76	14	charles	charles	PROPN
taxlaw-13768	76	15	kingson	kingson	PROPN
taxlaw-13768	76	16	(	(	PUNCT
taxlaw-13768	76	17	1938–2019	1938–2019	NUM
taxlaw-13768	76	18	)	)	PUNCT
taxlaw-13768	76	19	,	,	PUNCT
taxlaw-13768	76	20	n.y.u	n.y.u	NOUN
taxlaw-13768	76	21	.	.	PUNCT
taxlaw-13768	77	1	l.	l.	PROPN
taxlaw-13768	77	2	news	news	PROPN
taxlaw-13768	77	3	(	(	PUNCT
taxlaw-13768	77	4	mar	mar	PROPN
taxlaw-13768	77	5	.	.	PROPN
taxlaw-13768	77	6	18	18	NUM
taxlaw-13768	77	7	,	,	PUNCT
taxlaw-13768	77	8	2019	2019	NUM
taxlaw-13768	77	9	)	)	PUNCT
taxlaw-13768	77	10	,	,	PUNCT
taxlaw-13768	78	1	https://www.law.nyu.edu/news/charles-kingson-in-memoriam-graduate-tax-programinternational	https://www.law.nyu.edu/news/charles-kingson-in-memoriam-graduate-tax-programinternational	PROPN
taxlaw-13768	78	2	[	[	X
taxlaw-13768	78	3	https://perma.cc/8swj-ewrr	https://perma.cc/8swj-ewrr	PROPN
taxlaw-13768	78	4	]	]	X
taxlaw-13768	78	5	.	.	PUNCT
taxlaw-13768	79	1	https://perma.cc/e4lu-hsuc	https://perma.cc/e4lu-hsuc	PROPN
taxlaw-13768	79	2	https://perma.cc/e4lu-hsuc	https://perma.cc/e4lu-hsuc	ADV
taxlaw-13768	79	3	https://perma.cc/8swj-ewrr	https://perma.cc/8swj-ewrr	PROPN
taxlaw-13768	79	4	2025	2025	NUM
taxlaw-13768	79	5	]	]	PUNCT
taxlaw-13768	79	6	reflections	reflection	NOUN
taxlaw-13768	79	7	on	on	ADP
taxlaw-13768	79	8	367(b	367(b	PROPN
taxlaw-13768	79	9	)	)	PUNCT
taxlaw-13768	79	10	regulations	regulation	NOUN
taxlaw-13768	79	11	and	and	CCONJ
taxlaw-13768	79	12	inbound	inbound	ADJ
taxlaw-13768	79	13	transactions	transaction	NOUN
taxlaw-13768	79	14	165	165	NUM
taxlaw-13768	79	15	al	al	PROPN
taxlaw-13768	79	16	.	.	PROPN
taxlaw-13768	79	17	treatise15	treatise15	PROPN
taxlaw-13768	79	18	and	and	CCONJ
taxlaw-13768	79	19	the	the	DET
taxlaw-13768	79	20	bruce	bruce	PROPN
taxlaw-13768	79	21	davis	davis	PROPN
taxlaw-13768	79	22	portfolio,16	portfolio,16	VERB
taxlaw-13768	79	23	though	though	SCONJ
taxlaw-13768	79	24	each	each	PRON
taxlaw-13768	79	25	offering	offer	VERB
taxlaw-13768	79	26	criticism	criticism	NOUN
taxlaw-13768	79	27	.	.	PUNCT
taxlaw-13768	80	1	notwithstanding	notwithstanding	ADP
taxlaw-13768	80	2	that	that	DET
taxlaw-13768	80	3	history	history	NOUN
taxlaw-13768	80	4	,	,	PUNCT
taxlaw-13768	80	5	we	we	PRON
taxlaw-13768	80	6	thought	think	VERB
taxlaw-13768	80	7	a	a	DET
taxlaw-13768	80	8	further	further	ADJ
taxlaw-13768	80	9	exploration	exploration	NOUN
taxlaw-13768	80	10	into	into	ADP
taxlaw-13768	80	11	the	the	DET
taxlaw-13768	80	12	thinking	thinking	NOUN
taxlaw-13768	80	13	of	of	ADP
taxlaw-13768	80	14	the	the	DET
taxlaw-13768	80	15	regulation	regulation	NOUN
taxlaw-13768	80	16	writers	writer	NOUN
taxlaw-13768	80	17	would	would	AUX
taxlaw-13768	80	18	be	be	AUX
taxlaw-13768	80	19	helpful	helpful	ADJ
taxlaw-13768	80	20	in	in	ADP
taxlaw-13768	80	21	reaching	reach	VERB
taxlaw-13768	80	22	a	a	DET
taxlaw-13768	80	23	more	more	ADV
taxlaw-13768	80	24	definitive	definitive	ADJ
taxlaw-13768	80	25	view	view	NOUN
taxlaw-13768	80	26	of	of	ADP
taxlaw-13768	80	27	the	the	DET
taxlaw-13768	80	28	regulation	regulation	NOUN
taxlaw-13768	80	29	today	today	NOUN
taxlaw-13768	80	30	and	and	CCONJ
taxlaw-13768	80	31	how	how	SCONJ
taxlaw-13768	80	32	or	or	CCONJ
taxlaw-13768	80	33	why	why	SCONJ
taxlaw-13768	80	34	it	it	PRON
taxlaw-13768	80	35	should	should	AUX
taxlaw-13768	80	36	be	be	AUX
taxlaw-13768	80	37	changed	change	VERB
taxlaw-13768	80	38	.	.	PUNCT
taxlaw-13768	81	1	this	this	DET
taxlaw-13768	81	2	article	article	NOUN
taxlaw-13768	81	3	reflects	reflect	VERB
taxlaw-13768	81	4	our	our	PRON
taxlaw-13768	81	5	exploration	exploration	NOUN
taxlaw-13768	81	6	into	into	ADP
taxlaw-13768	81	7	what	what	PRON
taxlaw-13768	81	8	led	lead	VERB
taxlaw-13768	81	9	the	the	DET
taxlaw-13768	81	10	original	original	ADJ
taxlaw-13768	81	11	regulation	regulation	NOUN
taxlaw-13768	81	12	writers	writer	NOUN
taxlaw-13768	81	13	down	down	ADP
taxlaw-13768	81	14	the	the	DET
taxlaw-13768	81	15	path	path	NOUN
taxlaw-13768	81	16	they	they	PRON
taxlaw-13768	81	17	took	take	VERB
taxlaw-13768	81	18	and	and	CCONJ
taxlaw-13768	81	19	whether	whether	SCONJ
taxlaw-13768	81	20	they	they	PRON
taxlaw-13768	81	21	were	be	AUX
taxlaw-13768	81	22	wrong	wrong	ADJ
taxlaw-13768	81	23	in	in	ADP
taxlaw-13768	81	24	their	their	PRON
taxlaw-13768	81	25	thinking	thinking	NOUN
taxlaw-13768	81	26	.	.	PUNCT
taxlaw-13768	82	1	hopefully	hopefully	ADV
taxlaw-13768	82	2	it	it	PRON
taxlaw-13768	82	3	will	will	AUX
taxlaw-13768	82	4	stimulate	stimulate	VERB
taxlaw-13768	82	5	a	a	DET
taxlaw-13768	82	6	broader	broad	ADJ
taxlaw-13768	82	7	discussion	discussion	NOUN
taxlaw-13768	82	8	of	of	ADP
taxlaw-13768	82	9	the	the	DET
taxlaw-13768	82	10	goals	goal	NOUN
taxlaw-13768	82	11	of	of	ADP
taxlaw-13768	82	12	the	the	DET
taxlaw-13768	82	13	section	section	NOUN
taxlaw-13768	82	14	367(b	367(b	PROPN
taxlaw-13768	82	15	)	)	PUNCT
taxlaw-13768	82	16	regulations	regulation	NOUN
taxlaw-13768	82	17	as	as	SCONJ
taxlaw-13768	82	18	applied	apply	VERB
taxlaw-13768	82	19	to	to	ADP
taxlaw-13768	82	20	inbound	inbound	ADJ
taxlaw-13768	82	21	transactions	transaction	NOUN
taxlaw-13768	82	22	and	and	CCONJ
taxlaw-13768	82	23	how	how	SCONJ
taxlaw-13768	82	24	they	they	PRON
taxlaw-13768	82	25	should	should	AUX
taxlaw-13768	82	26	be	be	AUX
taxlaw-13768	82	27	implemented	implement	VERB
taxlaw-13768	82	28	15	15	NUM
taxlaw-13768	82	29	the	the	DET
taxlaw-13768	82	30	treatise	treatise	NOUN
taxlaw-13768	82	31	explains	explain	VERB
taxlaw-13768	82	32	the	the	DET
taxlaw-13768	82	33	policy	policy	NOUN
taxlaw-13768	82	34	rationale	rationale	NOUN
taxlaw-13768	82	35	and	and	CCONJ
taxlaw-13768	82	36	critiques	critique	VERB
taxlaw-13768	82	37	the	the	DET
taxlaw-13768	82	38	regulations	regulation	NOUN
taxlaw-13768	82	39	as	as	SCONJ
taxlaw-13768	82	40	follows	follow	VERB
taxlaw-13768	82	41	:	:	PUNCT
taxlaw-13768	82	42	the	the	DET
taxlaw-13768	82	43	theory	theory	NOUN
taxlaw-13768	82	44	of	of	ADP
taxlaw-13768	82	45	the	the	DET
taxlaw-13768	82	46	prior	prior	ADJ
taxlaw-13768	82	47	367(b	367(b	PROPN
taxlaw-13768	82	48	)	)	PUNCT
taxlaw-13768	82	49	regulations	regulation	NOUN
taxlaw-13768	82	50	was	be	AUX
taxlaw-13768	82	51	that	that	PRON
taxlaw-13768	82	52	:	:	PUNCT
taxlaw-13768	82	53	(	(	PUNCT
taxlaw-13768	82	54	1	1	X
taxlaw-13768	82	55	)	)	PUNCT
taxlaw-13768	82	56	a	a	DET
taxlaw-13768	82	57	corporation	corporation	NOUN
taxlaw-13768	82	58	funds	fund	VERB
taxlaw-13768	82	59	assets	asset	NOUN
taxlaw-13768	82	60	with	with	ADP
taxlaw-13768	82	61	equity	equity	NOUN
taxlaw-13768	82	62	capital	capital	NOUN
taxlaw-13768	82	63	,	,	PUNCT
taxlaw-13768	82	64	debt	debt	NOUN
taxlaw-13768	82	65	,	,	PUNCT
taxlaw-13768	82	66	and	and	CCONJ
taxlaw-13768	82	67	earnings	earning	NOUN
taxlaw-13768	82	68	;	;	PUNCT
taxlaw-13768	82	69	(	(	PUNCT
taxlaw-13768	82	70	2	2	X
taxlaw-13768	82	71	)	)	PUNCT
taxlaw-13768	82	72	a	a	DET
taxlaw-13768	82	73	domestic	domestic	ADJ
taxlaw-13768	82	74	corporation	corporation	NOUN
taxlaw-13768	82	75	receives	receive	VERB
taxlaw-13768	82	76	basis	basis	NOUN
taxlaw-13768	82	77	for	for	ADP
taxlaw-13768	82	78	assets	asset	NOUN
taxlaw-13768	82	79	acquired	acquire	VERB
taxlaw-13768	82	80	with	with	ADP
taxlaw-13768	82	81	earnings	earning	NOUN
taxlaw-13768	82	82	for	for	ADP
taxlaw-13768	82	83	corporate	corporate	ADJ
taxlaw-13768	82	84	tax	tax	NOUN
taxlaw-13768	82	85	purposes	purpose	NOUN
taxlaw-13768	82	86	only	only	ADV
taxlaw-13768	82	87	if	if	SCONJ
taxlaw-13768	82	88	it	it	PRON
taxlaw-13768	82	89	has	have	AUX
taxlaw-13768	82	90	paid	pay	VERB
taxlaw-13768	82	91	tax	tax	NOUN
taxlaw-13768	82	92	on	on	ADP
taxlaw-13768	82	93	those	those	DET
taxlaw-13768	82	94	earnings	earning	NOUN
taxlaw-13768	82	95	;	;	PUNCT
taxlaw-13768	82	96	(	(	PUNCT
taxlaw-13768	82	97	3	3	X
taxlaw-13768	82	98	)	)	PUNCT
taxlaw-13768	82	99	the	the	DET
taxlaw-13768	82	100	u.s	u.s	PROPN
taxlaw-13768	82	101	.	.	PROPN
taxlaw-13768	82	102	parent	parent	NOUN
taxlaw-13768	82	103	of	of	ADP
taxlaw-13768	82	104	a	a	DET
taxlaw-13768	82	105	foreign	foreign	ADJ
taxlaw-13768	82	106	subsidiary	subsidiary	NOUN
taxlaw-13768	82	107	that	that	PRON
taxlaw-13768	82	108	obtained	obtain	VERB
taxlaw-13768	82	109	deferral	deferral	NOUN
taxlaw-13768	82	110	on	on	ADP
taxlaw-13768	82	111	its	its	PRON
taxlaw-13768	82	112	earnings	earning	NOUN
taxlaw-13768	82	113	should	should	AUX
taxlaw-13768	82	114	not	not	PART
taxlaw-13768	82	115	receive	receive	VERB
taxlaw-13768	82	116	full	full	ADJ
taxlaw-13768	82	117	basis	basis	NOUN
taxlaw-13768	82	118	for	for	ADP
taxlaw-13768	82	119	the	the	DET
taxlaw-13768	82	120	foreign	foreign	ADJ
taxlaw-13768	82	121	subsidiary	subsidiary	NOUN
taxlaw-13768	82	122	’s	’s	PART
taxlaw-13768	82	123	assets	asset	NOUN
taxlaw-13768	82	124	in	in	ADP
taxlaw-13768	82	125	the	the	DET
taxlaw-13768	82	126	hands	hand	NOUN
taxlaw-13768	82	127	of	of	ADP
taxlaw-13768	82	128	a	a	DET
taxlaw-13768	82	129	controlled	control	VERB
taxlaw-13768	82	130	domestic	domestic	ADJ
taxlaw-13768	82	131	corporation	corporation	NOUN
taxlaw-13768	82	132	in	in	ADP
taxlaw-13768	82	133	an	an	DET
taxlaw-13768	82	134	inbound	inbound	ADJ
taxlaw-13768	82	135	reorganization	reorganization	NOUN
taxlaw-13768	82	136	unless	unless	SCONJ
taxlaw-13768	82	137	the	the	DET
taxlaw-13768	82	138	u.s	u.s	PROPN
taxlaw-13768	82	139	.	.	PROPN
taxlaw-13768	82	140	parent	parent	NOUN
taxlaw-13768	82	141	forgoes	forgo	VERB
taxlaw-13768	82	142	deferral	deferral	ADV
taxlaw-13768	82	143	and	and	CCONJ
taxlaw-13768	82	144	pays	pay	VERB
taxlaw-13768	82	145	u.s	u.s	PROPN
taxlaw-13768	82	146	.	.	PROPN
taxlaw-13768	82	147	corporate	corporate	ADJ
taxlaw-13768	82	148	tax	tax	NOUN
taxlaw-13768	82	149	on	on	ADP
taxlaw-13768	82	150	those	those	DET
taxlaw-13768	82	151	earnings	earning	NOUN
taxlaw-13768	82	152	.	.	PUNCT
taxlaw-13768	83	1	this	this	DET
taxlaw-13768	83	2	theory	theory	NOUN
taxlaw-13768	83	3	supports	support	VERB
taxlaw-13768	83	4	in	in	ADP
taxlaw-13768	83	5	general	general	ADJ
taxlaw-13768	83	6	the	the	DET
taxlaw-13768	83	7	results	result	NOUN
taxlaw-13768	83	8	of	of	ADP
taxlaw-13768	83	9	the	the	DET
taxlaw-13768	83	10	regulations	regulation	NOUN
taxlaw-13768	83	11	in	in	ADP
taxlaw-13768	83	12	a	a	DET
taxlaw-13768	83	13	section	section	NOUN
taxlaw-13768	83	14	332	332	NUM
taxlaw-13768	83	15	liquidation	liquidation	NOUN
taxlaw-13768	83	16	of	of	ADP
taxlaw-13768	83	17	a	a	DET
taxlaw-13768	83	18	foreign	foreign	ADJ
taxlaw-13768	83	19	subsidiary	subsidiary	NOUN
taxlaw-13768	83	20	into	into	ADP
taxlaw-13768	83	21	a	a	DET
taxlaw-13768	83	22	u.s	u.s	PROPN
taxlaw-13768	83	23	.	.	PROPN
taxlaw-13768	83	24	parent	parent	NOUN
taxlaw-13768	83	25	or	or	CCONJ
taxlaw-13768	83	26	in	in	ADP
taxlaw-13768	83	27	an	an	DET
taxlaw-13768	83	28	inbound	inbound	ADJ
taxlaw-13768	83	29	reorganization	reorganization	NOUN
taxlaw-13768	83	30	of	of	ADP
taxlaw-13768	83	31	a	a	DET
taxlaw-13768	83	32	foreign	foreign	ADJ
taxlaw-13768	83	33	subsidiary	subsidiary	NOUN
taxlaw-13768	83	34	into	into	ADP
taxlaw-13768	83	35	a	a	DET
taxlaw-13768	83	36	domestic	domestic	ADJ
taxlaw-13768	83	37	subsidiary	subsidiary	NOUN
taxlaw-13768	83	38	of	of	ADP
taxlaw-13768	83	39	its	its	PRON
taxlaw-13768	83	40	u.s	u.s	PROPN
taxlaw-13768	83	41	.	.	PROPN
taxlaw-13768	83	42	parent	parent	NOUN
taxlaw-13768	83	43	.	.	PUNCT
taxlaw-13768	84	1	it	it	PRON
taxlaw-13768	84	2	does	do	AUX
taxlaw-13768	84	3	not	not	PART
taxlaw-13768	84	4	,	,	PUNCT
taxlaw-13768	84	5	however	however	ADV
taxlaw-13768	84	6	,	,	PUNCT
taxlaw-13768	84	7	support	support	VERB
taxlaw-13768	84	8	the	the	DET
taxlaw-13768	84	9	results	result	NOUN
taxlaw-13768	84	10	of	of	ADP
taxlaw-13768	84	11	the	the	DET
taxlaw-13768	84	12	regulations	regulation	NOUN
taxlaw-13768	84	13	in	in	ADP
taxlaw-13768	84	14	inbound	inbound	ADJ
taxlaw-13768	84	15	asset	asset	NOUN
taxlaw-13768	84	16	reorganizations	reorganization	NOUN
taxlaw-13768	84	17	involving	involve	VERB
taxlaw-13768	84	18	a	a	DET
taxlaw-13768	84	19	widely	widely	ADV
taxlaw-13768	84	20	held	hold	VERB
taxlaw-13768	84	21	foreign	foreign	ADJ
taxlaw-13768	84	22	corporation	corporation	NOUN
taxlaw-13768	84	23	.	.	PUNCT
taxlaw-13768	84	24	.	.	PUNCT
taxlaw-13768	84	25	.	.	PUNCT
taxlaw-13768	85	1	.	.	PUNCT
taxlaw-13768	86	1	there	there	PRON
taxlaw-13768	86	2	is	be	VERB
taxlaw-13768	86	3	thus	thus	ADV
taxlaw-13768	86	4	no	no	DET
taxlaw-13768	86	5	policy	policy	NOUN
taxlaw-13768	86	6	justification	justification	NOUN
taxlaw-13768	86	7	for	for	ADP
taxlaw-13768	86	8	requiring	require	VERB
taxlaw-13768	86	9	non	non	ADJ
taxlaw-13768	86	10	-	-	NOUN
taxlaw-13768	86	11	section	section	ADJ
taxlaw-13768	86	12	1248	1248	NUM
taxlaw-13768	86	13	shareholders	shareholder	NOUN
taxlaw-13768	86	14	to	to	PART
taxlaw-13768	86	15	include	include	VERB
taxlaw-13768	86	16	earnings	earning	NOUN
taxlaw-13768	86	17	in	in	ADP
taxlaw-13768	86	18	income	income	NOUN
taxlaw-13768	86	19	or	or	CCONJ
taxlaw-13768	86	20	to	to	PART
taxlaw-13768	86	21	recognize	recognize	VERB
taxlaw-13768	86	22	gain	gain	NOUN
taxlaw-13768	86	23	,	,	PUNCT
taxlaw-13768	86	24	and	and	CCONJ
taxlaw-13768	86	25	that	that	DET
taxlaw-13768	86	26	requirement	requirement	NOUN
taxlaw-13768	86	27	defies	defy	VERB
taxlaw-13768	86	28	common	common	ADJ
taxlaw-13768	86	29	sense	sense	NOUN
taxlaw-13768	86	30	.	.	PUNCT
taxlaw-13768	87	1	it	it	PRON
taxlaw-13768	87	2	is	be	AUX
taxlaw-13768	87	3	inconsistent	inconsistent	ADJ
taxlaw-13768	87	4	with	with	ADP
taxlaw-13768	87	5	notions	notion	NOUN
taxlaw-13768	87	6	of	of	ADP
taxlaw-13768	87	7	expatriation	expatriation	NOUN
taxlaw-13768	87	8	and	and	CCONJ
taxlaw-13768	87	9	impatriation	impatriation	NOUN
taxlaw-13768	87	10	that	that	PRON
taxlaw-13768	87	11	have	have	AUX
taxlaw-13768	87	12	been	be	AUX
taxlaw-13768	87	13	considered	consider	VERB
taxlaw-13768	87	14	over	over	ADP
taxlaw-13768	87	15	the	the	DET
taxlaw-13768	87	16	last	last	ADJ
taxlaw-13768	87	17	two	two	NUM
taxlaw-13768	87	18	decades	decade	NOUN
taxlaw-13768	87	19	—	—	PUNCT
taxlaw-13768	87	20	i.e.	i.e.	X
taxlaw-13768	87	21	,	,	PUNCT
taxlaw-13768	87	22	that	that	SCONJ
taxlaw-13768	87	23	there	there	PRON
taxlaw-13768	87	24	should	should	AUX
taxlaw-13768	87	25	be	be	AUX
taxlaw-13768	87	26	an	an	DET
taxlaw-13768	87	27	exit	exit	NOUN
taxlaw-13768	87	28	tax	tax	NOUN
taxlaw-13768	87	29	(	(	PUNCT
taxlaw-13768	87	30	section	section	NOUN
taxlaw-13768	87	31	367(a	367(a	PROPN
taxlaw-13768	87	32	)	)	PUNCT
taxlaw-13768	87	33	)	)	PUNCT
taxlaw-13768	87	34	when	when	SCONJ
taxlaw-13768	87	35	a	a	DET
taxlaw-13768	87	36	domestic	domestic	ADJ
taxlaw-13768	87	37	corporation	corporation	NOUN
taxlaw-13768	87	38	expatriates	expatriate	NOUN
taxlaw-13768	87	39	and	and	CCONJ
taxlaw-13768	87	40	that	that	SCONJ
taxlaw-13768	87	41	assets	asset	NOUN
taxlaw-13768	87	42	should	should	AUX
taxlaw-13768	87	43	receive	receive	VERB
taxlaw-13768	87	44	fair	fair	ADJ
taxlaw-13768	87	45	market	market	NOUN
taxlaw-13768	87	46	value	value	NOUN
taxlaw-13768	87	47	basis	basis	NOUN
taxlaw-13768	87	48	(	(	PUNCT
taxlaw-13768	87	49	or	or	CCONJ
taxlaw-13768	87	50	at	at	ADP
taxlaw-13768	87	51	least	least	ADJ
taxlaw-13768	87	52	carryover	carryover	NOUN
taxlaw-13768	87	53	basis	basis	NOUN
taxlaw-13768	87	54	)	)	PUNCT
taxlaw-13768	87	55	when	when	SCONJ
taxlaw-13768	87	56	they	they	PRON
taxlaw-13768	87	57	come	come	VERB
taxlaw-13768	87	58	into	into	ADP
taxlaw-13768	87	59	u.s	u.s	PROPN
taxlaw-13768	87	60	.	.	PROPN
taxlaw-13768	87	61	corporation	corporation	NOUN
taxlaw-13768	87	62	solution	solution	NOUN
taxlaw-13768	87	63	.	.	PUNCT
taxlaw-13768	88	1	the	the	DET
taxlaw-13768	88	2	latter	latter	ADJ
taxlaw-13768	88	3	result	result	NOUN
taxlaw-13768	88	4	should	should	AUX
taxlaw-13768	88	5	not	not	PART
taxlaw-13768	88	6	be	be	AUX
taxlaw-13768	88	7	contingent	contingent	ADJ
taxlaw-13768	88	8	upon	upon	SCONJ
taxlaw-13768	88	9	the	the	DET
taxlaw-13768	88	10	shareholders	shareholder	NOUN
taxlaw-13768	88	11	being	be	AUX
taxlaw-13768	88	12	taxed	tax	VERB
taxlaw-13768	88	13	unless	unless	SCONJ
taxlaw-13768	88	14	they	they	PRON
taxlaw-13768	88	15	were	be	AUX
taxlaw-13768	88	16	a	a	DET
taxlaw-13768	88	17	domestic	domestic	ADJ
taxlaw-13768	88	18	parent	parent	NOUN
taxlaw-13768	88	19	corporation	corporation	NOUN
taxlaw-13768	88	20	that	that	PRON
taxlaw-13768	88	21	was	be	AUX
taxlaw-13768	88	22	potentially	potentially	ADV
taxlaw-13768	88	23	subject	subject	ADJ
taxlaw-13768	88	24	to	to	ADP
taxlaw-13768	88	25	the	the	DET
taxlaw-13768	88	26	subpart	subpart	NOUN
taxlaw-13768	88	27	f	f	NOUN
taxlaw-13768	88	28	and	and	CCONJ
taxlaw-13768	88	29	section	section	NOUN
taxlaw-13768	88	30	1248	1248	NUM
taxlaw-13768	88	31	regimes	regime	NOUN
taxlaw-13768	88	32	but	but	CCONJ
taxlaw-13768	88	33	nevertheless	nevertheless	ADV
taxlaw-13768	88	34	benefited	benefit	VERB
taxlaw-13768	88	35	from	from	ADP
taxlaw-13768	88	36	deferral	deferral	NOUN
taxlaw-13768	88	37	.	.	PUNCT
taxlaw-13768	89	1	the	the	DET
taxlaw-13768	89	2	final	final	ADJ
taxlaw-13768	89	3	section	section	NOUN
taxlaw-13768	89	4	367(b	367(b	PROPN
taxlaw-13768	89	5	)	)	PUNCT
taxlaw-13768	89	6	regulations	regulation	NOUN
taxlaw-13768	89	7	effectively	effectively	ADV
taxlaw-13768	89	8	treat	treat	VERB
taxlaw-13768	89	9	the	the	DET
taxlaw-13768	89	10	tax	tax	NOUN
taxlaw-13768	89	11	on	on	ADP
taxlaw-13768	89	12	the	the	DET
taxlaw-13768	89	13	shareholders	shareholder	NOUN
taxlaw-13768	89	14	as	as	ADP
taxlaw-13768	89	15	a	a	DET
taxlaw-13768	89	16	surrogate	surrogate	NOUN
taxlaw-13768	89	17	for	for	ADP
taxlaw-13768	89	18	corporate	corporate	ADJ
taxlaw-13768	89	19	level	level	NOUN
taxlaw-13768	89	20	tax	tax	NOUN
taxlaw-13768	89	21	on	on	ADP
taxlaw-13768	89	22	the	the	DET
taxlaw-13768	89	23	foreign	foreign	ADJ
taxlaw-13768	89	24	corporation	corporation	NOUN
taxlaw-13768	89	25	,	,	PUNCT
taxlaw-13768	89	26	even	even	ADV
taxlaw-13768	89	27	though	though	SCONJ
taxlaw-13768	89	28	the	the	DET
taxlaw-13768	89	29	preamble	preamble	NOUN
taxlaw-13768	89	30	to	to	ADP
taxlaw-13768	89	31	the	the	DET
taxlaw-13768	89	32	regulations	regulation	NOUN
taxlaw-13768	89	33	recognizes	recognize	VERB
taxlaw-13768	89	34	that	that	SCONJ
taxlaw-13768	89	35	section	section	NOUN
taxlaw-13768	89	36	367(b	367(b	PROPN
taxlaw-13768	89	37	)	)	PUNCT
taxlaw-13768	89	38	policies	policy	NOUN
taxlaw-13768	89	39	are	be	AUX
taxlaw-13768	89	40	“	"	PUNCT
taxlaw-13768	89	41	unrelated	unrelated	ADJ
taxlaw-13768	89	42	to	to	ADP
taxlaw-13768	89	43	an	an	DET
taxlaw-13768	89	44	exchanging	exchange	VERB
taxlaw-13768	89	45	shareholder	shareholder	NOUN
taxlaw-13768	89	46	’s	’s	PART
taxlaw-13768	89	47	outside	outside	ADJ
taxlaw-13768	89	48	gain	gain	NOUN
taxlaw-13768	89	49	on	on	ADP
taxlaw-13768	89	50	its	its	PRON
taxlaw-13768	89	51	stock	stock	NOUN
taxlaw-13768	89	52	.	.	PUNCT
taxlaw-13768	89	53	”	"	PUNCT
taxlaw-13768	90	1	the	the	DET
taxlaw-13768	90	2	practical	practical	ADJ
taxlaw-13768	90	3	ramification	ramification	NOUN
taxlaw-13768	90	4	of	of	ADP
taxlaw-13768	90	5	the	the	DET
taxlaw-13768	90	6	final	final	ADJ
taxlaw-13768	90	7	367(b	367(b	PROPN
taxlaw-13768	90	8	)	)	PUNCT
taxlaw-13768	90	9	regulations	regulation	NOUN
taxlaw-13768	90	10	is	be	AUX
taxlaw-13768	90	11	that	that	SCONJ
taxlaw-13768	90	12	the	the	DET
taxlaw-13768	90	13	domestic	domestic	ADJ
taxlaw-13768	90	14	shareholders	shareholder	NOUN
taxlaw-13768	90	15	of	of	ADP
taxlaw-13768	90	16	a	a	DET
taxlaw-13768	90	17	publicly	publicly	ADV
taxlaw-13768	90	18	held	hold	VERB
taxlaw-13768	90	19	foreign	foreign	ADJ
taxlaw-13768	90	20	corporation	corporation	NOUN
taxlaw-13768	90	21	are	be	AUX
taxlaw-13768	90	22	taxed	tax	VERB
taxlaw-13768	90	23	when	when	SCONJ
taxlaw-13768	90	24	the	the	DET
taxlaw-13768	90	25	foreign	foreign	ADJ
taxlaw-13768	90	26	corporation	corporation	NOUN
taxlaw-13768	90	27	domesticates	domesticate	VERB
taxlaw-13768	90	28	—	—	PUNCT
taxlaw-13768	90	29	somewhat	somewhat	ADV
taxlaw-13768	90	30	like	like	ADP
taxlaw-13768	90	31	paying	pay	VERB
taxlaw-13768	90	32	tax	tax	NOUN
taxlaw-13768	90	33	to	to	PART
taxlaw-13768	90	34	break	break	VERB
taxlaw-13768	90	35	into	into	ADP
taxlaw-13768	90	36	jail	jail	NOUN
taxlaw-13768	90	37	!	!	PUNCT
taxlaw-13768	91	1	kevin	kevin	PROPN
taxlaw-13768	91	2	d.	d.	PROPN
taxlaw-13768	91	3	dolan	dolan	PROPN
taxlaw-13768	91	4	et	et	PROPN
taxlaw-13768	91	5	al	al	PROPN
taxlaw-13768	91	6	.	.	PROPN
taxlaw-13768	91	7	,	,	PUNCT
taxlaw-13768	91	8	u.s	u.s	PROPN
taxlaw-13768	91	9	.	.	PROPN
taxlaw-13768	91	10	taxation	taxation	NOUN
taxlaw-13768	91	11	of	of	ADP
taxlaw-13768	91	12	international	international	ADJ
taxlaw-13768	91	13	mergers	merger	NOUN
taxlaw-13768	91	14	,	,	PUNCT
taxlaw-13768	91	15	acquisitions	acquisition	NOUN
taxlaw-13768	91	16	&	&	CCONJ
taxlaw-13768	91	17	joint	joint	ADJ
taxlaw-13768	91	18	ventures	venture	NOUN
taxlaw-13768	91	19	¶	¶	PROPN
taxlaw-13768	91	20	13.06[2][c	13.06[2][c	NUM
taxlaw-13768	91	21	]	]	X
taxlaw-13768	91	22	(	(	PUNCT
taxlaw-13768	91	23	2024	2024	NUM
taxlaw-13768	91	24	)	)	PUNCT
taxlaw-13768	91	25	.	.	PUNCT
taxlaw-13768	92	1	16	16	NUM
taxlaw-13768	92	2	see	see	VERB
taxlaw-13768	92	3	bruce	bruce	PROPN
taxlaw-13768	92	4	davis	davis	PROPN
taxlaw-13768	92	5	,	,	PUNCT
taxlaw-13768	92	6	other	other	ADJ
taxlaw-13768	92	7	transfers	transfer	NOUN
taxlaw-13768	92	8	subject	subject	ADJ
taxlaw-13768	92	9	to	to	ADP
taxlaw-13768	92	10	section	section	NOUN
taxlaw-13768	92	11	367(b	367(b	PROPN
taxlaw-13768	92	12	)	)	PUNCT
taxlaw-13768	92	13	,	,	PUNCT
taxlaw-13768	92	14	(	(	PUNCT
taxlaw-13768	92	15	d	d	X
taxlaw-13768	92	16	)	)	PUNCT
taxlaw-13768	92	17	or	or	CCONJ
taxlaw-13768	92	18	(	(	PUNCT
taxlaw-13768	92	19	e	e	NOUN
taxlaw-13768	92	20	)	)	PUNCT
taxlaw-13768	92	21	,	,	PUNCT
taxlaw-13768	92	22	bloomberg	bloomberg	PROPN
taxlaw-13768	92	23	tax	tax	NOUN
taxlaw-13768	92	24	mgmt	mgmt	PROPN
taxlaw-13768	92	25	.	.	PUNCT
taxlaw-13768	93	1	portfolio	portfolio	PROPN
taxlaw-13768	93	2	no	no	INTJ
taxlaw-13768	93	3	.	.	PUNCT
taxlaw-13768	94	1	920	920	NUM
taxlaw-13768	94	2	-	-	SYM
taxlaw-13768	94	3	3d	3d	NOUN
taxlaw-13768	94	4	(	(	PUNCT
taxlaw-13768	94	5	“	"	PUNCT
taxlaw-13768	94	6	thus	thus	ADV
taxlaw-13768	94	7	,	,	PUNCT
taxlaw-13768	94	8	were	be	AUX
taxlaw-13768	94	9	it	it	PRON
taxlaw-13768	94	10	not	not	PART
taxlaw-13768	94	11	for	for	ADP
taxlaw-13768	94	12	§	§	PROPN
taxlaw-13768	94	13	367(b	367(b	PROPN
taxlaw-13768	94	14	)	)	PUNCT
taxlaw-13768	94	15	,	,	PUNCT
taxlaw-13768	94	16	a	a	DET
taxlaw-13768	94	17	domestication	domestication	NOUN
taxlaw-13768	94	18	transaction	transaction	NOUN
taxlaw-13768	94	19	such	such	ADJ
taxlaw-13768	94	20	as	as	ADP
taxlaw-13768	94	21	an	an	DET
taxlaw-13768	94	22	inbound	inbound	ADJ
taxlaw-13768	94	23	liquidation	liquidation	NOUN
taxlaw-13768	94	24	or	or	CCONJ
taxlaw-13768	94	25	inbound	inbound	ADJ
taxlaw-13768	94	26	reorganization	reorganization	NOUN
taxlaw-13768	94	27	of	of	ADP
taxlaw-13768	94	28	a	a	DET
taxlaw-13768	94	29	foreign	foreign	ADJ
taxlaw-13768	94	30	corporation	corporation	NOUN
taxlaw-13768	94	31	could	could	AUX
taxlaw-13768	94	32	provide	provide	VERB
taxlaw-13768	94	33	an	an	DET
taxlaw-13768	94	34	opportunity	opportunity	NOUN
taxlaw-13768	94	35	in	in	ADP
taxlaw-13768	94	36	some	some	DET
taxlaw-13768	94	37	cases	case	NOUN
taxlaw-13768	94	38	to	to	PART
taxlaw-13768	94	39	avoid	avoid	VERB
taxlaw-13768	94	40	u.s	u.s	PROPN
taxlaw-13768	94	41	.	.	PROPN
taxlaw-13768	94	42	tax	tax	NOUN
taxlaw-13768	94	43	on	on	ADP
taxlaw-13768	94	44	the	the	DET
taxlaw-13768	94	45	repatriation	repatriation	NOUN
taxlaw-13768	94	46	of	of	ADP
taxlaw-13768	94	47	foreign	foreign	ADJ
taxlaw-13768	94	48	corporate	corporate	ADJ
taxlaw-13768	94	49	e&p	e&p	PROPN
taxlaw-13768	94	50	attributable	attributable	ADJ
taxlaw-13768	94	51	to	to	AUX
taxlaw-13768	94	52	income	income	VERB
taxlaw-13768	94	53	with	with	ADP
taxlaw-13768	94	54	respect	respect	NOUN
taxlaw-13768	94	55	to	to	ADP
taxlaw-13768	94	56	which	which	PRON
taxlaw-13768	94	57	a	a	DET
taxlaw-13768	94	58	u.s	u.s	PROPN
taxlaw-13768	94	59	.	.	PROPN
taxlaw-13768	94	60	shareholder	shareholder	NOUN
taxlaw-13768	94	61	has	have	AUX
taxlaw-13768	94	62	enjoyed	enjoy	VERB
taxlaw-13768	94	63	deferral	deferral	ADJ
taxlaw-13768	94	64	.	.	PUNCT
taxlaw-13768	95	1	a	a	DET
taxlaw-13768	95	2	principal	principal	ADJ
taxlaw-13768	95	3	purpose	purpose	NOUN
taxlaw-13768	95	4	of	of	ADP
taxlaw-13768	95	5	§	§	PROPN
taxlaw-13768	95	6	367(b	367(b	PROPN
taxlaw-13768	95	7	)	)	PUNCT
taxlaw-13768	95	8	is	be	AUX
taxlaw-13768	95	9	to	to	PART
taxlaw-13768	95	10	prevent	prevent	VERB
taxlaw-13768	95	11	such	such	DET
taxlaw-13768	95	12	a	a	DET
taxlaw-13768	95	13	domestication	domestication	NOUN
taxlaw-13768	95	14	transaction	transaction	NOUN
taxlaw-13768	95	15	from	from	ADP
taxlaw-13768	95	16	effectively	effectively	ADV
taxlaw-13768	95	17	converting	convert	VERB
taxlaw-13768	95	18	deferral	deferral	ADV
taxlaw-13768	95	19	into	into	ADP
taxlaw-13768	95	20	forgiveness	forgiveness	NOUN
taxlaw-13768	95	21	of	of	ADP
taxlaw-13768	95	22	u.s	u.s	PROPN
taxlaw-13768	95	23	.	.	PROPN
taxlaw-13768	95	24	tax	tax	NOUN
taxlaw-13768	95	25	on	on	ADP
taxlaw-13768	95	26	foreign	foreign	ADJ
taxlaw-13768	95	27	corporate	corporate	ADJ
taxlaw-13768	95	28	income	income	NOUN
taxlaw-13768	95	29	and	and	CCONJ
taxlaw-13768	95	30	e&p	e&p	PROPN
taxlaw-13768	95	31	”	"	PUNCT
taxlaw-13768	95	32	)	)	PUNCT
taxlaw-13768	95	33	.	.	PUNCT
taxlaw-13768	96	1	note	note	VERB
taxlaw-13768	96	2	,	,	PUNCT
taxlaw-13768	96	3	that	that	SCONJ
taxlaw-13768	96	4	,	,	PUNCT
taxlaw-13768	96	5	bruce	bruce	PROPN
taxlaw-13768	96	6	davis	davis	PROPN
taxlaw-13768	96	7	’s	’s	PART
taxlaw-13768	96	8	portfolio	portfolio	NOUN
taxlaw-13768	96	9	has	have	AUX
taxlaw-13768	96	10	been	be	AUX
taxlaw-13768	96	11	revised	revise	VERB
taxlaw-13768	96	12	and	and	CCONJ
taxlaw-13768	96	13	superseded	supersede	VERB
taxlaw-13768	96	14	by	by	ADP
taxlaw-13768	96	15	layla	layla	PROPN
taxlaw-13768	96	16	j.	j.	PROPN
taxlaw-13768	96	17	asali	asali	PROPN
taxlaw-13768	96	18	,	,	PUNCT
taxlaw-13768	96	19	transfers	transfer	NOUN
taxlaw-13768	96	20	subject	subject	ADJ
taxlaw-13768	96	21	to	to	ADP
taxlaw-13768	96	22	section	section	NOUN
taxlaw-13768	96	23	367(b	367(b	PROPN
taxlaw-13768	96	24	)	)	PUNCT
taxlaw-13768	96	25	,	,	PUNCT
taxlaw-13768	96	26	(	(	PUNCT
taxlaw-13768	96	27	d	d	X
taxlaw-13768	96	28	)	)	PUNCT
taxlaw-13768	96	29	or	or	CCONJ
taxlaw-13768	96	30	(	(	PUNCT
taxlaw-13768	96	31	e	e	NOUN
taxlaw-13768	96	32	)	)	PUNCT
taxlaw-13768	96	33	,	,	PUNCT
taxlaw-13768	96	34	bloomberg	bloomberg	PROPN
taxlaw-13768	96	35	tax	tax	NOUN
taxlaw-13768	96	36	mgmt	mgmt	PROPN
taxlaw-13768	96	37	.	.	PUNCT
taxlaw-13768	97	1	portfolio	portfolio	PROPN
taxlaw-13768	97	2	no	no	INTJ
taxlaw-13768	97	3	.	.	PUNCT
taxlaw-13768	98	1	6120	6120	NUM
taxlaw-13768	98	2	-	-	PUNCT
taxlaw-13768	98	3	1st	1st	NOUN
taxlaw-13768	98	4	(	(	PUNCT
taxlaw-13768	98	5	2025	2025	NUM
taxlaw-13768	98	6	)	)	PUNCT
taxlaw-13768	98	7	(	(	PUNCT
taxlaw-13768	98	8	“	"	PUNCT
taxlaw-13768	98	9	section	section	NOUN
taxlaw-13768	98	10	367(b	367(b	PROPN
taxlaw-13768	98	11	)	)	PUNCT
taxlaw-13768	98	12	was	be	AUX
taxlaw-13768	98	13	originally	originally	ADV
taxlaw-13768	98	14	enacted	enact	VERB
taxlaw-13768	98	15	to	to	PART
taxlaw-13768	98	16	prevent	prevent	VERB
taxlaw-13768	98	17	taxpayers	taxpayer	NOUN
taxlaw-13768	98	18	from	from	ADP
taxlaw-13768	98	19	using	use	VERB
taxlaw-13768	98	20	an	an	DET
taxlaw-13768	98	21	otherwise	otherwise	ADV
taxlaw-13768	98	22	tax	tax	NOUN
taxlaw-13768	98	23	-	-	PUNCT
taxlaw-13768	98	24	free	free	ADJ
taxlaw-13768	98	25	domestication	domestication	NOUN
taxlaw-13768	98	26	transaction	transaction	NOUN
taxlaw-13768	98	27	such	such	ADJ
taxlaw-13768	98	28	as	as	ADP
taxlaw-13768	98	29	an	an	DET
taxlaw-13768	98	30	inbound	inbound	ADJ
taxlaw-13768	98	31	liquidation	liquidation	NOUN
taxlaw-13768	98	32	or	or	CCONJ
taxlaw-13768	98	33	inbound	inbound	ADJ
taxlaw-13768	98	34	reorganization	reorganization	NOUN
taxlaw-13768	98	35	of	of	ADP
taxlaw-13768	98	36	a	a	DET
taxlaw-13768	98	37	foreign	foreign	ADJ
taxlaw-13768	98	38	corporation	corporation	NOUN
taxlaw-13768	98	39	to	to	PART
taxlaw-13768	98	40	altogether	altogether	ADV
taxlaw-13768	98	41	avoid	avoid	VERB
taxlaw-13768	98	42	u.s	u.s	PROPN
taxlaw-13768	98	43	.	.	PROPN
taxlaw-13768	98	44	tax	tax	NOUN
taxlaw-13768	98	45	on	on	ADP
taxlaw-13768	98	46	the	the	DET
taxlaw-13768	98	47	repatriation	repatriation	NOUN
taxlaw-13768	98	48	of	of	ADP
taxlaw-13768	98	49	foreign	foreign	ADJ
taxlaw-13768	98	50	corporate	corporate	ADJ
taxlaw-13768	98	51	e&p	e&p	PROPN
taxlaw-13768	98	52	attributable	attributable	ADJ
taxlaw-13768	98	53	to	to	AUX
taxlaw-13768	98	54	income	income	VERB
taxlaw-13768	98	55	with	with	ADP
taxlaw-13768	98	56	respect	respect	NOUN
taxlaw-13768	98	57	to	to	ADP
taxlaw-13768	98	58	which	which	PRON
taxlaw-13768	98	59	a	a	DET
taxlaw-13768	98	60	u.s	u.s	PROPN
taxlaw-13768	98	61	.	.	PROPN
taxlaw-13768	98	62	shareholder	shareholder	NOUN
taxlaw-13768	98	63	has	have	AUX
taxlaw-13768	98	64	enjoyed	enjoy	VERB
taxlaw-13768	98	65	deferral	deferral	ADJ
taxlaw-13768	98	66	.	.	PUNCT
taxlaw-13768	98	67	”	"	PUNCT
taxlaw-13768	98	68	)	)	PUNCT
taxlaw-13768	98	69	.	.	PUNCT
taxlaw-13768	99	1	166	166	NUM
taxlaw-13768	99	2	columbia	columbia	PROPN
taxlaw-13768	99	3	journal	journal	PROPN
taxlaw-13768	99	4	of	of	ADP
taxlaw-13768	99	5	tax	tax	NOUN
taxlaw-13768	99	6	law	law	NOUN
taxlaw-13768	99	7	[	[	X
taxlaw-13768	99	8	vol	vol	NOUN
taxlaw-13768	99	9	.	.	PUNCT
taxlaw-13768	100	1	16:2	16:2	NUM
taxlaw-13768	100	2	in	in	ADP
taxlaw-13768	100	3	the	the	DET
taxlaw-13768	100	4	current	current	ADJ
taxlaw-13768	100	5	regime	regime	NOUN
taxlaw-13768	100	6	of	of	ADP
taxlaw-13768	100	7	section	section	NOUN
taxlaw-13768	100	8	245a	245a	ADJ
taxlaw-13768	100	9	deductions	deduction	NOUN
taxlaw-13768	100	10	and	and	CCONJ
taxlaw-13768	100	11	gilti	gilti	NOUN
taxlaw-13768	100	12	and	and	CCONJ
taxlaw-13768	100	13	subpart	subpart	NOUN
taxlaw-13768	100	14	f	f	PROPN
taxlaw-13768	100	15	inclusions.17	inclusions.17	PROPN
taxlaw-13768	100	16	we	we	PRON
taxlaw-13768	100	17	first	first	ADV
taxlaw-13768	100	18	give	give	VERB
taxlaw-13768	100	19	a	a	DET
taxlaw-13768	100	20	brief	brief	ADJ
taxlaw-13768	100	21	history	history	NOUN
taxlaw-13768	100	22	of	of	ADP
taxlaw-13768	100	23	the	the	DET
taxlaw-13768	100	24	regulations	regulation	NOUN
taxlaw-13768	100	25	and	and	CCONJ
taxlaw-13768	100	26	then	then	ADV
taxlaw-13768	100	27	focus	focus	VERB
taxlaw-13768	100	28	on	on	ADP
taxlaw-13768	100	29	the	the	DET
taxlaw-13768	100	30	treatment	treatment	NOUN
taxlaw-13768	100	31	of	of	ADP
taxlaw-13768	100	32	inbound	inbound	ADJ
taxlaw-13768	100	33	asset	asset	NOUN
taxlaw-13768	100	34	reorganizations	reorganization	NOUN
taxlaw-13768	100	35	of	of	ADP
taxlaw-13768	100	36	foreign	foreign	ADJ
taxlaw-13768	100	37	corporations	corporation	NOUN
taxlaw-13768	100	38	under	under	ADP
taxlaw-13768	100	39	section	section	NOUN
taxlaw-13768	100	40	368(a)(1)(a	368(a)(1)(a	NUM
taxlaw-13768	100	41	)	)	PUNCT
taxlaw-13768	100	42	,	,	PUNCT
taxlaw-13768	100	43	(	(	PUNCT
taxlaw-13768	100	44	c	c	NOUN
taxlaw-13768	100	45	)	)	PUNCT
taxlaw-13768	100	46	,	,	PUNCT
taxlaw-13768	100	47	(	(	PUNCT
taxlaw-13768	100	48	d	d	X
taxlaw-13768	100	49	)	)	PUNCT
taxlaw-13768	100	50	and	and	CCONJ
taxlaw-13768	100	51	(	(	PUNCT
taxlaw-13768	100	52	f	f	X
taxlaw-13768	100	53	)	)	PUNCT
taxlaw-13768	100	54	(	(	PUNCT
taxlaw-13768	100	55	“	"	PUNCT
taxlaw-13768	100	56	inbound	inbound	ADJ
taxlaw-13768	100	57	asset	asset	NOUN
taxlaw-13768	100	58	reorganizations	reorganization	NOUN
taxlaw-13768	100	59	”	"	PUNCT
taxlaw-13768	100	60	)	)	PUNCT
taxlaw-13768	100	61	.	.	PUNCT
taxlaw-13768	101	1	next	next	ADV
taxlaw-13768	101	2	,	,	PUNCT
taxlaw-13768	101	3	we	we	PRON
taxlaw-13768	101	4	compare	compare	VERB
taxlaw-13768	101	5	the	the	DET
taxlaw-13768	101	6	treatment	treatment	NOUN
taxlaw-13768	101	7	of	of	ADP
taxlaw-13768	101	8	shareholders	shareholder	NOUN
taxlaw-13768	101	9	in	in	ADP
taxlaw-13768	101	10	inbound	inbound	ADJ
taxlaw-13768	101	11	asset	asset	NOUN
taxlaw-13768	101	12	reorganizations	reorganization	NOUN
taxlaw-13768	101	13	with	with	ADP
taxlaw-13768	101	14	shareholders	shareholder	NOUN
taxlaw-13768	101	15	making	make	VERB
taxlaw-13768	101	16	tax	tax	NOUN
taxlaw-13768	101	17	-	-	PUNCT
taxlaw-13768	101	18	free	free	ADJ
taxlaw-13768	101	19	exchanges	exchange	NOUN
taxlaw-13768	101	20	of	of	ADP
taxlaw-13768	101	21	stock	stock	NOUN
taxlaw-13768	101	22	of	of	ADP
taxlaw-13768	101	23	foreign	foreign	ADJ
taxlaw-13768	101	24	corporations	corporation	NOUN
taxlaw-13768	101	25	for	for	ADP
taxlaw-13768	101	26	stock	stock	NOUN
taxlaw-13768	101	27	of	of	ADP
taxlaw-13768	101	28	domestic	domestic	ADJ
taxlaw-13768	101	29	corporations	corporation	NOUN
taxlaw-13768	101	30	under	under	ADP
taxlaw-13768	101	31	sections	section	NOUN
taxlaw-13768	101	32	351	351	NUM
taxlaw-13768	101	33	and	and	CCONJ
taxlaw-13768	101	34	368(a)(1)(b	368(a)(1)(b	NUM
taxlaw-13768	101	35	)	)	PUNCT
taxlaw-13768	101	36	(	(	PUNCT
taxlaw-13768	101	37	“	"	PUNCT
taxlaw-13768	101	38	inbound	inbound	ADJ
taxlaw-13768	101	39	stock	stock	NOUN
taxlaw-13768	101	40	reorganizations	reorganization	NOUN
taxlaw-13768	101	41	”	"	PUNCT
taxlaw-13768	101	42	)	)	PUNCT
taxlaw-13768	101	43	.	.	PUNCT
taxlaw-13768	102	1	we	we	PRON
taxlaw-13768	102	2	then	then	ADV
taxlaw-13768	102	3	describe	describe	VERB
taxlaw-13768	102	4	the	the	DET
taxlaw-13768	102	5	implications	implication	NOUN
taxlaw-13768	102	6	of	of	ADP
taxlaw-13768	102	7	the	the	DET
taxlaw-13768	102	8	above	above	ADJ
taxlaw-13768	102	9	on	on	ADP
taxlaw-13768	102	10	inbound	inbound	ADJ
taxlaw-13768	102	11	liquidations	liquidation	NOUN
taxlaw-13768	102	12	of	of	ADP
taxlaw-13768	102	13	foreign	foreign	ADJ
taxlaw-13768	102	14	corporations	corporation	NOUN
taxlaw-13768	102	15	under	under	ADP
taxlaw-13768	102	16	section	section	NOUN
taxlaw-13768	102	17	332	332	NUM
taxlaw-13768	102	18	(	(	PUNCT
taxlaw-13768	102	19	“	"	PUNCT
taxlaw-13768	102	20	inbound	inbound	ADJ
taxlaw-13768	102	21	liquidations	liquidation	NOUN
taxlaw-13768	102	22	,	,	PUNCT
taxlaw-13768	102	23	”	"	PUNCT
taxlaw-13768	102	24	and	and	CCONJ
taxlaw-13768	102	25	together	together	ADV
taxlaw-13768	102	26	with	with	ADP
taxlaw-13768	102	27	inbound	inbound	ADJ
taxlaw-13768	102	28	asset	asset	NOUN
taxlaw-13768	102	29	reorganizations	reorganization	NOUN
taxlaw-13768	102	30	and	and	CCONJ
taxlaw-13768	102	31	inbound	inbound	ADJ
taxlaw-13768	102	32	stock	stock	NOUN
taxlaw-13768	102	33	reorganizations	reorganization	NOUN
taxlaw-13768	102	34	,	,	PUNCT
taxlaw-13768	102	35	“	"	PUNCT
taxlaw-13768	102	36	inbound	inbound	ADJ
taxlaw-13768	102	37	transactions	transaction	NOUN
taxlaw-13768	102	38	”	"	PUNCT
taxlaw-13768	102	39	)	)	PUNCT
taxlaw-13768	102	40	.	.	PUNCT
taxlaw-13768	103	1	ii	ii	PROPN
taxlaw-13768	103	2	.	.	PUNCT
taxlaw-13768	104	1	the	the	DET
taxlaw-13768	104	2	history	history	NOUN
taxlaw-13768	104	3	of	of	ADP
taxlaw-13768	104	4	the	the	DET
taxlaw-13768	104	5	section	section	NOUN
taxlaw-13768	104	6	367(b	367(b	PROPN
taxlaw-13768	104	7	)	)	PUNCT
taxlaw-13768	104	8	inbound	inbound	ADJ
taxlaw-13768	104	9	asset	asset	NOUN
taxlaw-13768	104	10	reorganization	reorganization	NOUN
taxlaw-13768	104	11	regulations	regulation	NOUN
taxlaw-13768	104	12	the	the	DET
taxlaw-13768	104	13	current	current	ADJ
taxlaw-13768	104	14	version	version	NOUN
taxlaw-13768	104	15	of	of	ADP
taxlaw-13768	104	16	section	section	NOUN
taxlaw-13768	104	17	367(b	367(b	PROPN
taxlaw-13768	104	18	)	)	PUNCT
taxlaw-13768	104	19	was	be	AUX
taxlaw-13768	104	20	enacted	enact	VERB
taxlaw-13768	104	21	in	in	ADP
taxlaw-13768	104	22	197618	197618	NUM
taxlaw-13768	104	23	as	as	ADP
taxlaw-13768	104	24	part	part	NOUN
taxlaw-13768	104	25	of	of	ADP
taxlaw-13768	104	26	broader	broad	ADJ
taxlaw-13768	104	27	legislation	legislation	NOUN
taxlaw-13768	104	28	to	to	PART
taxlaw-13768	104	29	replace	replace	VERB
taxlaw-13768	104	30	the	the	DET
taxlaw-13768	104	31	prior	prior	ADJ
taxlaw-13768	104	32	requirement	requirement	NOUN
taxlaw-13768	104	33	that	that	SCONJ
taxlaw-13768	104	34	in	in	ADP
taxlaw-13768	104	35	-	-	PUNCT
taxlaw-13768	104	36	scope	scope	NOUN
taxlaw-13768	104	37	exchanges	exchange	NOUN
taxlaw-13768	104	38	of	of	ADP
taxlaw-13768	104	39	stock	stock	NOUN
taxlaw-13768	104	40	and	and	CCONJ
taxlaw-13768	104	41	or	or	CCONJ
taxlaw-13768	104	42	assets	asset	NOUN
taxlaw-13768	104	43	establish	establish	VERB
taxlaw-13768	104	44	“	"	PUNCT
taxlaw-13768	104	45	to	to	ADP
taxlaw-13768	104	46	the	the	DET
taxlaw-13768	104	47	satisfaction	satisfaction	NOUN
taxlaw-13768	104	48	of	of	ADP
taxlaw-13768	104	49	the	the	DET
taxlaw-13768	104	50	secretary	secretary	NOUN
taxlaw-13768	104	51	or	or	CCONJ
taxlaw-13768	104	52	his	his	PRON
taxlaw-13768	104	53	delegate	delegate	NOUN
taxlaw-13768	104	54	that	that	SCONJ
taxlaw-13768	104	55	such	such	ADJ
taxlaw-13768	104	56	exchange	exchange	NOUN
taxlaw-13768	104	57	is	be	AUX
taxlaw-13768	104	58	not	not	PART
taxlaw-13768	104	59	in	in	ADP
taxlaw-13768	104	60	pursuance	pursuance	NOUN
taxlaw-13768	104	61	of	of	ADP
taxlaw-13768	104	62	a	a	DET
taxlaw-13768	104	63	plan	plan	NOUN
taxlaw-13768	104	64	having	have	VERB
taxlaw-13768	104	65	as	as	ADP
taxlaw-13768	104	66	one	one	NUM
taxlaw-13768	104	67	of	of	ADP
taxlaw-13768	104	68	its	its	PRON
taxlaw-13768	104	69	principal	principal	ADJ
taxlaw-13768	104	70	purposes	purpose	NOUN
taxlaw-13768	104	71	the	the	DET
taxlaw-13768	104	72	avoidance	avoidance	NOUN
taxlaw-13768	104	73	of	of	ADP
taxlaw-13768	104	74	federal	federal	ADJ
taxlaw-13768	104	75	income	income	NOUN
taxlaw-13768	104	76	taxes	taxis	NOUN
taxlaw-13768	104	77	.	.	PUNCT
taxlaw-13768	105	1	”19	”19	VERB
taxlaw-13768	105	2	the	the	DET
taxlaw-13768	105	3	legislation	legislation	NOUN
taxlaw-13768	105	4	provided	provide	VERB
taxlaw-13768	105	5	treasury	treasury	PROPN
taxlaw-13768	105	6	authority	authority	NOUN
taxlaw-13768	105	7	to	to	PART
taxlaw-13768	105	8	draft	draft	VERB
taxlaw-13768	105	9	regulations	regulation	NOUN
taxlaw-13768	105	10	“	"	PUNCT
taxlaw-13768	105	11	necessary	necessary	ADJ
taxlaw-13768	105	12	or	or	CCONJ
taxlaw-13768	105	13	appropriate	appropriate	ADJ
taxlaw-13768	105	14	to	to	PART
taxlaw-13768	105	15	prevent	prevent	VERB
taxlaw-13768	105	16	the	the	DET
taxlaw-13768	105	17	avoidance	avoidance	NOUN
taxlaw-13768	105	18	of	of	ADP
taxlaw-13768	105	19	federal	federal	ADJ
taxlaw-13768	105	20	income	income	NOUN
taxlaw-13768	105	21	taxes	taxis	NOUN
taxlaw-13768	105	22	.	.	PUNCT
taxlaw-13768	106	1	”20	”20	VERB
taxlaw-13768	106	2	the	the	DET
taxlaw-13768	106	3	goal	goal	NOUN
taxlaw-13768	106	4	of	of	ADP
taxlaw-13768	106	5	the	the	DET
taxlaw-13768	106	6	legislation	legislation	NOUN
taxlaw-13768	106	7	was	be	AUX
taxlaw-13768	106	8	not	not	PART
taxlaw-13768	106	9	to	to	PART
taxlaw-13768	106	10	apply	apply	VERB
taxlaw-13768	106	11	a	a	DET
taxlaw-13768	106	12	different	different	ADJ
taxlaw-13768	106	13	standard	standard	NOUN
taxlaw-13768	106	14	from	from	ADP
taxlaw-13768	106	15	the	the	DET
taxlaw-13768	106	16	pre	pre	ADJ
taxlaw-13768	106	17	-	-	ADJ
taxlaw-13768	106	18	existing	exist	VERB
taxlaw-13768	106	19	“	"	PUNCT
taxlaw-13768	106	20	guidelines	guideline	NOUN
taxlaw-13768	106	21	”	"	PUNCT
taxlaw-13768	106	22	of	of	ADP
taxlaw-13768	106	23	rev	rev	PROPN
taxlaw-13768	106	24	.	.	PROPN
taxlaw-13768	106	25	proc	proc	PROPN
taxlaw-13768	106	26	.	.	PUNCT
taxlaw-13768	107	1	68	68	NUM
taxlaw-13768	107	2	-	-	SYM
taxlaw-13768	107	3	23	23	NUM
taxlaw-13768	107	4	(	(	PUNCT
taxlaw-13768	107	5	“	"	PUNCT
taxlaw-13768	107	6	revenue	revenue	NOUN
taxlaw-13768	107	7	procedure	procedure	NOUN
taxlaw-13768	107	8	guidelines”),21	guidelines”),21	NOUN
taxlaw-13768	107	9	which	which	PRON
taxlaw-13768	107	10	outlined	outline	VERB
taxlaw-13768	107	11	the	the	DET
taxlaw-13768	107	12	circumstances	circumstance	NOUN
taxlaw-13768	107	13	under	under	ADP
taxlaw-13768	107	14	which	which	PRON
taxlaw-13768	107	15	the	the	DET
taxlaw-13768	107	16	irs	irs	PROPN
taxlaw-13768	107	17	would	would	AUX
taxlaw-13768	107	18	issue	issue	VERB
taxlaw-13768	107	19	favorable	favorable	ADJ
taxlaw-13768	107	20	private	private	ADJ
taxlaw-13768	107	21	letter	letter	NOUN
taxlaw-13768	107	22	rulings	ruling	NOUN
taxlaw-13768	107	23	,	,	PUNCT
taxlaw-13768	107	24	but	but	CCONJ
taxlaw-13768	107	25	to	to	PART
taxlaw-13768	107	26	codify	codify	VERB
taxlaw-13768	107	27	its	its	PRON
taxlaw-13768	107	28	standards	standard	NOUN
taxlaw-13768	107	29	in	in	ADP
taxlaw-13768	107	30	regulations	regulation	NOUN
taxlaw-13768	107	31	so	so	SCONJ
taxlaw-13768	107	32	that	that	SCONJ
taxlaw-13768	107	33	taxpayers	taxpayer	NOUN
taxlaw-13768	107	34	could	could	AUX
taxlaw-13768	107	35	apply	apply	VERB
taxlaw-13768	107	36	the	the	DET
taxlaw-13768	107	37	rules	rule	NOUN
taxlaw-13768	107	38	themselves	themselves	PRON
taxlaw-13768	107	39	and	and	CCONJ
taxlaw-13768	107	40	not	not	PART
taxlaw-13768	107	41	be	be	AUX
taxlaw-13768	107	42	required	require	VERB
taxlaw-13768	107	43	to	to	PART
taxlaw-13768	107	44	seek	seek	VERB
taxlaw-13768	107	45	an	an	DET
taxlaw-13768	107	46	irs	irs	PROPN
taxlaw-13768	107	47	ruling.22	ruling.22	NOUN
taxlaw-13768	107	48	because	because	SCONJ
taxlaw-13768	107	49	the	the	DET
taxlaw-13768	107	50	key	key	ADJ
taxlaw-13768	107	51	rules	rule	NOUN
taxlaw-13768	107	52	are	be	AUX
taxlaw-13768	107	53	not	not	PART
taxlaw-13768	107	54	found	find	VERB
taxlaw-13768	107	55	in	in	ADP
taxlaw-13768	107	56	the	the	DET
taxlaw-13768	107	57	statute	statute	NOUN
taxlaw-13768	107	58	itself	itself	PRON
taxlaw-13768	107	59	,	,	PUNCT
taxlaw-13768	107	60	it	it	PRON
taxlaw-13768	107	61	’s	’	VERB
taxlaw-13768	107	62	important	important	ADJ
taxlaw-13768	107	63	to	to	PART
taxlaw-13768	107	64	understand	understand	VERB
taxlaw-13768	107	65	the	the	DET
taxlaw-13768	107	66	various	various	ADJ
taxlaw-13768	107	67	sets	set	NOUN
taxlaw-13768	107	68	of	of	ADP
taxlaw-13768	107	69	regulations	regulation	NOUN
taxlaw-13768	107	70	issued	issue	VERB
taxlaw-13768	107	71	under	under	ADP
taxlaw-13768	107	72	section	section	NOUN
taxlaw-13768	107	73	367(b	367(b	PROPN
taxlaw-13768	107	74	)	)	PUNCT
taxlaw-13768	107	75	;	;	PUNCT
taxlaw-13768	107	76	how	how	SCONJ
taxlaw-13768	107	77	they	they	PRON
taxlaw-13768	107	78	changed	change	VERB
taxlaw-13768	107	79	over	over	ADP
taxlaw-13768	107	80	time	time	NOUN
taxlaw-13768	107	81	;	;	PUNCT
taxlaw-13768	107	82	and	and	CCONJ
taxlaw-13768	107	83	how	how	SCONJ
taxlaw-13768	107	84	they	they	PRON
taxlaw-13768	107	85	operate	operate	VERB
taxlaw-13768	107	86	today	today	NOUN
taxlaw-13768	107	87	.	.	PUNCT
taxlaw-13768	108	1	preambles	preamble	NOUN
taxlaw-13768	108	2	can	can	AUX
taxlaw-13768	108	3	give	give	VERB
taxlaw-13768	108	4	us	we	PRON
taxlaw-13768	108	5	clues	clue	NOUN
taxlaw-13768	108	6	into	into	ADP
taxlaw-13768	108	7	the	the	DET
taxlaw-13768	108	8	underlying	underlie	VERB
taxlaw-13768	108	9	principles	principle	NOUN
taxlaw-13768	108	10	of	of	ADP
taxlaw-13768	108	11	a	a	DET
taxlaw-13768	108	12	set	set	NOUN
taxlaw-13768	108	13	of	of	ADP
taxlaw-13768	108	14	rules	rule	NOUN
taxlaw-13768	108	15	.	.	PUNCT
taxlaw-13768	109	1	accordingly	accordingly	ADV
taxlaw-13768	109	2	,	,	PUNCT
taxlaw-13768	109	3	below	below	ADP
taxlaw-13768	109	4	we	we	PRON
taxlaw-13768	109	5	summarize	summarize	VERB
taxlaw-13768	109	6	the	the	DET
taxlaw-13768	109	7	various	various	ADJ
taxlaw-13768	109	8	sets	set	NOUN
taxlaw-13768	109	9	of	of	ADP
taxlaw-13768	109	10	regulations	regulation	NOUN
taxlaw-13768	109	11	issued	issue	VERB
taxlaw-13768	109	12	under	under	ADP
taxlaw-13768	109	13	section	section	NOUN
taxlaw-13768	109	14	367(b	367(b	PROPN
taxlaw-13768	109	15	)	)	PUNCT
taxlaw-13768	109	16	,	,	PUNCT
taxlaw-13768	109	17	highlighting	highlight	VERB
taxlaw-13768	109	18	differences	difference	NOUN
taxlaw-13768	109	19	in	in	ADP
taxlaw-13768	109	20	the	the	DET
taxlaw-13768	109	21	various	various	ADJ
taxlaw-13768	109	22	iterations	iteration	NOUN
taxlaw-13768	109	23	,	,	PUNCT
taxlaw-13768	109	24	and	and	CCONJ
taxlaw-13768	109	25	noting	note	VERB
taxlaw-13768	109	26	where	where	SCONJ
taxlaw-13768	109	27	treasury	treasury	PROPN
taxlaw-13768	109	28	and	and	CCONJ
taxlaw-13768	109	29	the	the	DET
taxlaw-13768	109	30	irs	irs	PROPN
taxlaw-13768	109	31	provided	provide	VERB
taxlaw-13768	109	32	an	an	DET
taxlaw-13768	109	33	explanation	explanation	NOUN
taxlaw-13768	109	34	in	in	ADP
taxlaw-13768	109	35	the	the	DET
taxlaw-13768	109	36	preambles	preamble	NOUN
taxlaw-13768	109	37	.	.	PUNCT
taxlaw-13768	110	1	a.	a.	NOUN
taxlaw-13768	110	2	1997	1997	NUM
taxlaw-13768	110	3	temporary	temporary	ADJ
taxlaw-13768	110	4	regulations	regulation	NOUN
taxlaw-13768	110	5	17	17	NUM
taxlaw-13768	110	6	this	this	DET
taxlaw-13768	110	7	article	article	NOUN
taxlaw-13768	110	8	does	do	AUX
taxlaw-13768	110	9	not	not	PART
taxlaw-13768	110	10	deal	deal	VERB
taxlaw-13768	110	11	with	with	ADP
taxlaw-13768	110	12	the	the	DET
taxlaw-13768	110	13	intersection	intersection	NOUN
taxlaw-13768	110	14	of	of	ADP
taxlaw-13768	110	15	the	the	DET
taxlaw-13768	110	16	section	section	NOUN
taxlaw-13768	110	17	367(b	367(b	PROPN
taxlaw-13768	110	18	)	)	PUNCT
taxlaw-13768	110	19	regulations	regulation	NOUN
taxlaw-13768	110	20	and	and	CCONJ
taxlaw-13768	110	21	passive	passive	ADJ
taxlaw-13768	110	22	foreign	foreign	ADJ
taxlaw-13768	110	23	investment	investment	NOUN
taxlaw-13768	110	24	companies	company	NOUN
taxlaw-13768	110	25	.	.	PUNCT
taxlaw-13768	111	1	18	18	NUM
taxlaw-13768	111	2	tax	tax	NOUN
taxlaw-13768	111	3	reform	reform	NOUN
taxlaw-13768	111	4	act	act	NOUN
taxlaw-13768	111	5	of	of	ADP
taxlaw-13768	111	6	1976	1976	NUM
taxlaw-13768	111	7	,	,	PUNCT
taxlaw-13768	111	8	pub	pub	NOUN
taxlaw-13768	111	9	.	.	PUNCT
taxlaw-13768	112	1	l.	l.	PROPN
taxlaw-13768	112	2	no	no	INTJ
taxlaw-13768	112	3	.	.	PUNCT
taxlaw-13768	113	1	94–455	94–455	NUM
taxlaw-13768	113	2	,	,	PUNCT
taxlaw-13768	113	3	§	§	PROPN
taxlaw-13768	113	4	1042(a	1042(a	NOUN
taxlaw-13768	113	5	)	)	PUNCT
taxlaw-13768	113	6	,	,	PUNCT
taxlaw-13768	113	7	90	90	NUM
taxlaw-13768	113	8	stat	stat	NOUN
taxlaw-13768	113	9	.	.	PUNCT
taxlaw-13768	114	1	1634	1634	NUM
taxlaw-13768	114	2	(	(	PUNCT
taxlaw-13768	114	3	1976	1976	NUM
taxlaw-13768	114	4	)	)	PUNCT
taxlaw-13768	114	5	(	(	PUNCT
taxlaw-13768	114	6	amending	amend	VERB
taxlaw-13768	114	7	i.r.c	i.r.c	NOUN
taxlaw-13768	114	8	.	.	PUNCT
taxlaw-13768	115	1	§	§	PROPN
taxlaw-13768	115	2	367	367	NUM
taxlaw-13768	115	3	(	(	PUNCT
taxlaw-13768	115	4	1954	1954	NUM
taxlaw-13768	115	5	)	)	PUNCT
taxlaw-13768	115	6	)	)	PUNCT
taxlaw-13768	115	7	.	.	PUNCT
taxlaw-13768	116	1	19	19	NUM
taxlaw-13768	116	2	rev	rev	X
taxlaw-13768	116	3	.	.	PROPN
taxlaw-13768	116	4	proc	proc	PROPN
taxlaw-13768	116	5	.	.	PUNCT
taxlaw-13768	117	1	68	68	NUM
taxlaw-13768	117	2	-	-	SYM
taxlaw-13768	117	3	23	23	NUM
taxlaw-13768	117	4	,	,	PUNCT
taxlaw-13768	117	5	1968	1968	NUM
taxlaw-13768	117	6	-	-	SYM
taxlaw-13768	117	7	1	1	NUM
taxlaw-13768	117	8	c.b	c.b	PROPN
taxlaw-13768	117	9	.	.	PROPN
taxlaw-13768	117	10	821	821	NUM
taxlaw-13768	117	11	.	.	NOUN
taxlaw-13768	117	12	20	20	NUM
taxlaw-13768	117	13	i.r.c	i.r.c	NOUN
taxlaw-13768	117	14	.	.	PUNCT
taxlaw-13768	118	1	§	§	PROPN
taxlaw-13768	118	2	367(b)(1	367(b)(1	NUM
taxlaw-13768	118	3	)	)	PUNCT
taxlaw-13768	118	4	.	.	PUNCT
taxlaw-13768	119	1	21	21	NUM
taxlaw-13768	119	2	rev	rev	VERB
taxlaw-13768	119	3	.	.	PROPN
taxlaw-13768	119	4	proc	proc	PROPN
taxlaw-13768	119	5	.	.	PUNCT
taxlaw-13768	120	1	68	68	NUM
taxlaw-13768	120	2	-	-	SYM
taxlaw-13768	120	3	23	23	NUM
taxlaw-13768	120	4	.	.	PUNCT
taxlaw-13768	121	1	this	this	DET
taxlaw-13768	121	2	legislation	legislation	NOUN
taxlaw-13768	121	3	was	be	AUX
taxlaw-13768	121	4	first	first	ADV
taxlaw-13768	121	5	proposed	propose	VERB
taxlaw-13768	121	6	less	less	ADJ
taxlaw-13768	121	7	than	than	ADP
taxlaw-13768	121	8	two	two	NUM
taxlaw-13768	121	9	years	year	NOUN
taxlaw-13768	121	10	after	after	SCONJ
taxlaw-13768	121	11	tax	tax	NOUN
taxlaw-13768	121	12	analysts	analyst	NOUN
taxlaw-13768	121	13	successfully	successfully	ADV
taxlaw-13768	121	14	secured	secure	VERB
taxlaw-13768	121	15	the	the	DET
taxlaw-13768	121	16	release	release	NOUN
taxlaw-13768	121	17	of	of	ADP
taxlaw-13768	121	18	redacted	redact	VERB
taxlaw-13768	121	19	private	private	ADJ
taxlaw-13768	121	20	letter	letter	NOUN
taxlaw-13768	121	21	rulings	ruling	NOUN
taxlaw-13768	121	22	,	,	PUNCT
taxlaw-13768	121	23	thus	thus	ADV
taxlaw-13768	121	24	ending	end	VERB
taxlaw-13768	121	25	,	,	PUNCT
taxlaw-13768	121	26	in	in	ADP
taxlaw-13768	121	27	the	the	DET
taxlaw-13768	121	28	experience	experience	NOUN
taxlaw-13768	121	29	of	of	ADP
taxlaw-13768	121	30	one	one	NUM
taxlaw-13768	121	31	of	of	ADP
taxlaw-13768	121	32	the	the	DET
taxlaw-13768	121	33	authors	author	NOUN
taxlaw-13768	121	34	,	,	PUNCT
taxlaw-13768	121	35	the	the	DET
taxlaw-13768	121	36	oligopoly	oligopoly	NOUN
taxlaw-13768	121	37	of	of	ADP
taxlaw-13768	121	38	d.c	d.c	PROPN
taxlaw-13768	121	39	.	.	PUNCT
taxlaw-13768	122	1	boutique	boutique	NOUN
taxlaw-13768	122	2	tax	tax	NOUN
taxlaw-13768	122	3	firms	firm	NOUN
taxlaw-13768	122	4	in	in	ADP
taxlaw-13768	122	5	this	this	DET
taxlaw-13768	122	6	area	area	NOUN
taxlaw-13768	122	7	.	.	PUNCT
taxlaw-13768	123	1	22	22	NUM
taxlaw-13768	123	2	see	see	VERB
taxlaw-13768	123	3	scanlon	scanlon	PROPN
taxlaw-13768	123	4	&	&	CCONJ
taxlaw-13768	123	5	madaj	madaj	PROPN
taxlaw-13768	123	6	,	,	PUNCT
taxlaw-13768	123	7	supra	supra	PROPN
taxlaw-13768	123	8	note	note	NOUN
taxlaw-13768	123	9	9	9	NUM
taxlaw-13768	123	10	,	,	PUNCT
taxlaw-13768	123	11	at	at	ADP
taxlaw-13768	123	12	269–70	269–70	NUM
taxlaw-13768	123	13	.	.	PUNCT
taxlaw-13768	124	1	2025	2025	NUM
taxlaw-13768	124	2	]	]	PUNCT
taxlaw-13768	124	3	reflections	reflection	NOUN
taxlaw-13768	124	4	on	on	ADP
taxlaw-13768	124	5	367(b	367(b	PROPN
taxlaw-13768	124	6	)	)	PUNCT
taxlaw-13768	124	7	regulations	regulation	NOUN
taxlaw-13768	124	8	and	and	CCONJ
taxlaw-13768	124	9	inbound	inbound	ADJ
taxlaw-13768	124	10	transactions	transaction	NOUN
taxlaw-13768	124	11	167	167	NUM
taxlaw-13768	124	12	the	the	DET
taxlaw-13768	124	13	first	first	ADJ
taxlaw-13768	124	14	regulations	regulation	NOUN
taxlaw-13768	124	15	governing	govern	VERB
taxlaw-13768	124	16	inbound	inbound	ADJ
taxlaw-13768	124	17	transactions	transaction	NOUN
taxlaw-13768	124	18	were	be	AUX
taxlaw-13768	124	19	issued	issue	VERB
taxlaw-13768	124	20	as	as	ADP
taxlaw-13768	124	21	temporary	temporary	ADJ
taxlaw-13768	124	22	regulations	regulation	NOUN
taxlaw-13768	124	23	in	in	ADP
taxlaw-13768	124	24	1977	1977	NUM
taxlaw-13768	124	25	(	(	PUNCT
taxlaw-13768	124	26	the	the	DET
taxlaw-13768	124	27	“	"	PUNCT
taxlaw-13768	124	28	1977	1977	NUM
taxlaw-13768	124	29	temporary	temporary	ADJ
taxlaw-13768	124	30	regulations”).23	regulations”).23	AUX
taxlaw-13768	124	31	they	they	PRON
taxlaw-13768	124	32	largely	largely	ADV
taxlaw-13768	124	33	followed	follow	VERB
taxlaw-13768	124	34	the	the	DET
taxlaw-13768	124	35	revenue	revenue	NOUN
taxlaw-13768	124	36	procedure	procedure	NOUN
taxlaw-13768	124	37	guidelines,24	guidelines,24	PRON
taxlaw-13768	124	38	distinguishing	distinguish	VERB
taxlaw-13768	124	39	between	between	ADP
taxlaw-13768	124	40	circumstances	circumstance	NOUN
taxlaw-13768	124	41	in	in	ADP
taxlaw-13768	124	42	which	which	PRON
taxlaw-13768	124	43	the	the	DET
taxlaw-13768	124	44	application	application	NOUN
taxlaw-13768	124	45	of	of	ADP
taxlaw-13768	124	46	section	section	NOUN
taxlaw-13768	124	47	124825	124825	NUM
taxlaw-13768	124	48	could	could	AUX
taxlaw-13768	124	49	be	be	AUX
taxlaw-13768	124	50	preserved	preserve	VERB
taxlaw-13768	124	51	and	and	CCONJ
taxlaw-13768	124	52	those	those	PRON
taxlaw-13768	124	53	where	where	SCONJ
taxlaw-13768	124	54	it	it	PRON
taxlaw-13768	124	55	could	could	AUX
taxlaw-13768	124	56	not	not	PART
taxlaw-13768	124	57	.	.	PUNCT
taxlaw-13768	125	1	in	in	ADP
taxlaw-13768	125	2	principal	principal	ADJ
taxlaw-13768	125	3	part	part	NOUN
taxlaw-13768	125	4	,	,	PUNCT
taxlaw-13768	125	5	the	the	DET
taxlaw-13768	125	6	1977	1977	NUM
taxlaw-13768	125	7	temporary	temporary	ADJ
taxlaw-13768	125	8	regulations	regulation	NOUN
taxlaw-13768	125	9	provided	provide	VERB
taxlaw-13768	125	10	for	for	ADP
taxlaw-13768	125	11	(	(	PUNCT
taxlaw-13768	125	12	1	1	X
taxlaw-13768	125	13	)	)	PUNCT
taxlaw-13768	125	14	the	the	DET
taxlaw-13768	125	15	attribution	attribution	NOUN
taxlaw-13768	125	16	of	of	ADP
taxlaw-13768	125	17	various	various	ADJ
taxlaw-13768	125	18	amounts	amount	NOUN
taxlaw-13768	125	19	(	(	PUNCT
taxlaw-13768	125	20	the	the	DET
taxlaw-13768	125	21	“	"	PUNCT
taxlaw-13768	125	22	all	all	DET
taxlaw-13768	125	23	e&p	e&p	PROPN
taxlaw-13768	125	24	amount”26	amount”26	PROPN
taxlaw-13768	125	25	or	or	CCONJ
taxlaw-13768	125	26	the	the	DET
taxlaw-13768	125	27	section	section	NOUN
taxlaw-13768	125	28	1248	1248	NUM
taxlaw-13768	125	29	amount	amount	NOUN
taxlaw-13768	125	30	)	)	PUNCT
taxlaw-13768	125	31	from	from	ADP
taxlaw-13768	125	32	the	the	DET
taxlaw-13768	125	33	stock	stock	NOUN
taxlaw-13768	125	34	surrendered	surrender	VERB
taxlaw-13768	125	35	to	to	ADP
taxlaw-13768	125	36	the	the	DET
taxlaw-13768	125	37	stock	stock	NOUN
taxlaw-13768	125	38	received	receive	VERB
taxlaw-13768	125	39	where	where	SCONJ
taxlaw-13768	125	40	the	the	DET
taxlaw-13768	125	41	section	section	NOUN
taxlaw-13768	125	42	1248	1248	NUM
taxlaw-13768	125	43	taint	taint	NOUN
taxlaw-13768	125	44	could	could	AUX
taxlaw-13768	125	45	be	be	AUX
taxlaw-13768	125	46	preserved	preserve	VERB
taxlaw-13768	125	47	or	or	CCONJ
taxlaw-13768	125	48	(	(	PUNCT
taxlaw-13768	125	49	2	2	X
taxlaw-13768	125	50	)	)	PUNCT
taxlaw-13768	125	51	the	the	DET
taxlaw-13768	125	52	recognition	recognition	NOUN
taxlaw-13768	125	53	of	of	ADP
taxlaw-13768	125	54	gain	gain	NOUN
taxlaw-13768	125	55	where	where	SCONJ
taxlaw-13768	125	56	the	the	DET
taxlaw-13768	125	57	section	section	NOUN
taxlaw-13768	125	58	1248	1248	NUM
taxlaw-13768	125	59	taint	taint	NOUN
taxlaw-13768	125	60	could	could	AUX
taxlaw-13768	125	61	not	not	PART
taxlaw-13768	125	62	be	be	AUX
taxlaw-13768	125	63	preserved	preserve	VERB
taxlaw-13768	125	64	.	.	PUNCT
taxlaw-13768	126	1	the	the	DET
taxlaw-13768	126	2	1977	1977	NUM
taxlaw-13768	126	3	temporary	temporary	ADJ
taxlaw-13768	126	4	regulations	regulation	NOUN
taxlaw-13768	126	5	applied	apply	VERB
taxlaw-13768	126	6	as	as	SCONJ
taxlaw-13768	126	7	follows	follow	VERB
taxlaw-13768	126	8	to	to	ADP
taxlaw-13768	126	9	undistributed	undistributed	ADJ
taxlaw-13768	126	10	corporate	corporate	ADJ
taxlaw-13768	126	11	foreign	foreign	ADJ
taxlaw-13768	126	12	earnings	earning	NOUN
taxlaw-13768	126	13	in	in	ADP
taxlaw-13768	126	14	inbound	inbound	ADJ
taxlaw-13768	126	15	transactions	transaction	NOUN
taxlaw-13768	126	16	:	:	PUNCT
taxlaw-13768	126	17	•	•	ADP
taxlaw-13768	126	18	where	where	SCONJ
taxlaw-13768	126	19	a	a	DET
taxlaw-13768	126	20	domestic	domestic	ADJ
taxlaw-13768	126	21	corporation	corporation	NOUN
taxlaw-13768	126	22	acquired	acquire	VERB
taxlaw-13768	126	23	the	the	DET
taxlaw-13768	126	24	assets	asset	NOUN
taxlaw-13768	126	25	of	of	ADP
taxlaw-13768	126	26	a	a	DET
taxlaw-13768	126	27	foreign	foreign	ADJ
taxlaw-13768	126	28	corporation	corporation	NOUN
taxlaw-13768	126	29	in	in	ADP
taxlaw-13768	126	30	an	an	DET
taxlaw-13768	126	31	inbound	inbound	ADJ
taxlaw-13768	126	32	liquidation	liquidation	NOUN
taxlaw-13768	126	33	under	under	ADP
taxlaw-13768	126	34	section	section	NOUN
taxlaw-13768	126	35	332	332	NUM
taxlaw-13768	126	36	,	,	PUNCT
taxlaw-13768	126	37	the	the	DET
taxlaw-13768	126	38	domestic	domestic	ADJ
taxlaw-13768	126	39	corporation	corporation	NOUN
taxlaw-13768	126	40	was	be	AUX
taxlaw-13768	126	41	required	require	VERB
taxlaw-13768	126	42	to	to	ADP
taxlaw-13768	126	43	either	either	CCONJ
taxlaw-13768	126	44	(	(	PUNCT
taxlaw-13768	126	45	1	1	X
taxlaw-13768	126	46	)	)	PUNCT
taxlaw-13768	126	47	include	include	VERB
taxlaw-13768	126	48	in	in	ADP
taxlaw-13768	126	49	gross	gross	ADJ
taxlaw-13768	126	50	income	income	NOUN
taxlaw-13768	126	51	as	as	ADP
taxlaw-13768	126	52	a	a	DET
taxlaw-13768	126	53	deemed	deemed	ADJ
taxlaw-13768	126	54	dividend	dividend	NOUN
taxlaw-13768	126	55	the	the	DET
taxlaw-13768	126	56	all	all	DET
taxlaw-13768	126	57	e&p	e&p	PROPN
taxlaw-13768	126	58	amount	amount	NOUN
taxlaw-13768	126	59	attributable	attributable	ADJ
taxlaw-13768	126	60	to	to	ADP
taxlaw-13768	126	61	its	its	PRON
taxlaw-13768	126	62	stock	stock	NOUN
taxlaw-13768	126	63	of	of	ADP
taxlaw-13768	126	64	the	the	DET
taxlaw-13768	126	65	foreign	foreign	ADJ
taxlaw-13768	126	66	corporation	corporation	NOUN
taxlaw-13768	126	67	or	or	CCONJ
taxlaw-13768	126	68	(	(	PUNCT
taxlaw-13768	126	69	2	2	X
taxlaw-13768	126	70	)	)	PUNCT
taxlaw-13768	126	71	recognize	recognize	VERB
taxlaw-13768	126	72	gain	gain	NOUN
taxlaw-13768	126	73	with	with	ADP
taxlaw-13768	126	74	respect	respect	NOUN
taxlaw-13768	126	75	to	to	ADP
taxlaw-13768	126	76	its	its	PRON
taxlaw-13768	126	77	stock	stock	NOUN
taxlaw-13768	126	78	of	of	ADP
taxlaw-13768	126	79	the	the	DET
taxlaw-13768	126	80	foreign	foreign	ADJ
taxlaw-13768	126	81	corporation.27	corporation.27	PROPN
taxlaw-13768	126	82	•	•	NUM
taxlaw-13768	126	83	where	where	SCONJ
taxlaw-13768	126	84	a	a	DET
taxlaw-13768	126	85	domestic	domestic	ADJ
taxlaw-13768	126	86	corporation	corporation	NOUN
taxlaw-13768	126	87	acquired	acquire	VERB
taxlaw-13768	126	88	the	the	DET
taxlaw-13768	126	89	assets	asset	NOUN
taxlaw-13768	126	90	of	of	ADP
taxlaw-13768	126	91	a	a	DET
taxlaw-13768	126	92	foreign	foreign	ADJ
taxlaw-13768	126	93	corporation	corporation	NOUN
taxlaw-13768	126	94	in	in	ADP
taxlaw-13768	126	95	an	an	DET
taxlaw-13768	126	96	inbound	inbound	ADJ
taxlaw-13768	126	97	asset	asset	NOUN
taxlaw-13768	126	98	reorganization	reorganization	NOUN
taxlaw-13768	126	99	under	under	ADP
taxlaw-13768	126	100	section	section	NOUN
taxlaw-13768	126	101	368	368	NUM
taxlaw-13768	126	102	,	,	PUNCT
taxlaw-13768	126	103	the	the	DET
taxlaw-13768	126	104	consequences	consequence	NOUN
taxlaw-13768	126	105	depended	depend	VERB
taxlaw-13768	126	106	on	on	ADP
taxlaw-13768	126	107	whether	whether	SCONJ
taxlaw-13768	126	108	the	the	DET
taxlaw-13768	126	109	exchanging	exchange	VERB
taxlaw-13768	126	110	shareholder	shareholder	NOUN
taxlaw-13768	126	111	was	be	AUX
taxlaw-13768	126	112	a	a	DET
taxlaw-13768	126	113	non	non	ADJ
taxlaw-13768	126	114	-	-	ADJ
taxlaw-13768	126	115	corporate	corporate	ADJ
taxlaw-13768	126	116	section	section	NOUN
taxlaw-13768	126	117	1248	1248	NUM
taxlaw-13768	126	118	shareholder	shareholder	NOUN
taxlaw-13768	126	119	,	,	PUNCT
taxlaw-13768	126	120	a	a	DET
taxlaw-13768	126	121	domestic	domestic	ADJ
taxlaw-13768	126	122	corporate	corporate	ADJ
taxlaw-13768	126	123	section	section	NOUN
taxlaw-13768	126	124	1248	1248	NUM
taxlaw-13768	126	125	shareholder	shareholder	NOUN
taxlaw-13768	126	126	,	,	PUNCT
taxlaw-13768	126	127	a	a	DET
taxlaw-13768	126	128	foreign	foreign	ADJ
taxlaw-13768	126	129	corporate	corporate	ADJ
taxlaw-13768	126	130	shareholder	shareholder	NOUN
taxlaw-13768	126	131	,	,	PUNCT
taxlaw-13768	126	132	or	or	CCONJ
taxlaw-13768	126	133	a	a	DET
taxlaw-13768	126	134	u.s	u.s	PROPN
taxlaw-13768	126	135	.	.	PROPN
taxlaw-13768	126	136	person	person	NOUN
taxlaw-13768	126	137	that	that	PRON
taxlaw-13768	126	138	was	be	AUX
taxlaw-13768	126	139	not	not	PART
taxlaw-13768	126	140	a	a	DET
taxlaw-13768	126	141	section	section	NOUN
taxlaw-13768	126	142	1248	1248	NUM
taxlaw-13768	126	143	shareholder	shareholder	NOUN
taxlaw-13768	126	144	:	:	PUNCT
taxlaw-13768	126	145	o	o	X
taxlaw-13768	126	146	a	a	DET
taxlaw-13768	126	147	non	non	ADJ
taxlaw-13768	126	148	-	-	ADJ
taxlaw-13768	126	149	corporate	corporate	ADJ
taxlaw-13768	126	150	section	section	NOUN
taxlaw-13768	126	151	1248	1248	NUM
taxlaw-13768	126	152	shareholder	shareholder	NOUN
taxlaw-13768	126	153	was	be	AUX
taxlaw-13768	126	154	required	require	VERB
taxlaw-13768	126	155	to	to	PART
taxlaw-13768	126	156	include	include	VERB
taxlaw-13768	126	157	in	in	ADP
taxlaw-13768	126	158	gross	gross	ADJ
taxlaw-13768	126	159	income	income	NOUN
taxlaw-13768	126	160	as	as	ADP
taxlaw-13768	126	161	a	a	DET
taxlaw-13768	126	162	deemed	deemed	ADJ
taxlaw-13768	126	163	dividend	dividend	NOUN
taxlaw-13768	126	164	the	the	DET
taxlaw-13768	126	165	section	section	NOUN
taxlaw-13768	126	166	1248	1248	NUM
taxlaw-13768	126	167	amount	amount	NOUN
taxlaw-13768	126	168	attributable	attributable	ADJ
taxlaw-13768	126	169	to	to	ADP
taxlaw-13768	126	170	such	such	ADJ
taxlaw-13768	126	171	shareholder	shareholder	NOUN
taxlaw-13768	126	172	’s	’s	PART
taxlaw-13768	126	173	stock	stock	NOUN
taxlaw-13768	126	174	of	of	ADP
taxlaw-13768	126	175	the	the	DET
taxlaw-13768	126	176	foreign	foreign	ADJ
taxlaw-13768	126	177	corporation;28	corporation;28	NOUN
taxlaw-13768	126	178	o	o	NOUN
taxlaw-13768	126	179	a	a	DET
taxlaw-13768	126	180	domestic	domestic	ADJ
taxlaw-13768	126	181	corporate	corporate	ADJ
taxlaw-13768	126	182	section	section	NOUN
taxlaw-13768	126	183	1248	1248	NUM
taxlaw-13768	126	184	shareholder	shareholder	NOUN
taxlaw-13768	126	185	was	be	AUX
taxlaw-13768	126	186	required	require	VERB
taxlaw-13768	126	187	to	to	ADP
taxlaw-13768	126	188	either	either	CCONJ
taxlaw-13768	126	189	(	(	PUNCT
taxlaw-13768	126	190	1	1	X
taxlaw-13768	126	191	)	)	PUNCT
taxlaw-13768	126	192	include	include	VERB
taxlaw-13768	126	193	in	in	ADP
taxlaw-13768	126	194	gross	gross	ADJ
taxlaw-13768	126	195	income	income	NOUN
taxlaw-13768	126	196	as	as	ADP
taxlaw-13768	126	197	a	a	DET
taxlaw-13768	126	198	deemed	deemed	ADJ
taxlaw-13768	126	199	dividend	dividend	NOUN
taxlaw-13768	126	200	the	the	DET
taxlaw-13768	126	201	all	all	PRON
taxlaw-13768	126	202	e&p	e&p	PROPN
taxlaw-13768	126	203	23	23	NUM
taxlaw-13768	126	204	1977	1977	NUM
taxlaw-13768	126	205	temporary	temporary	ADJ
taxlaw-13768	126	206	regulations	regulation	NOUN
taxlaw-13768	126	207	,	,	PUNCT
taxlaw-13768	126	208	42	42	NUM
taxlaw-13768	126	209	fed	feed	VERB
taxlaw-13768	126	210	.	.	PUNCT
taxlaw-13768	127	1	reg	reg	PROPN
taxlaw-13768	127	2	.	.	PUNCT
taxlaw-13768	128	1	65152	65152	NUM
taxlaw-13768	128	2	(	(	PUNCT
taxlaw-13768	128	3	1977	1977	NUM
taxlaw-13768	128	4	)	)	PUNCT
taxlaw-13768	128	5	.	.	PUNCT
taxlaw-13768	129	1	24	24	NUM
taxlaw-13768	130	1	i	i	PRON
taxlaw-13768	130	2	d.	d.	VERB
taxlaw-13768	130	3	the	the	DET
taxlaw-13768	130	4	most	most	ADV
taxlaw-13768	130	5	significant	significant	ADJ
taxlaw-13768	130	6	departure	departure	NOUN
taxlaw-13768	130	7	from	from	ADP
taxlaw-13768	130	8	the	the	DET
taxlaw-13768	130	9	revenue	revenue	NOUN
taxlaw-13768	130	10	procedure	procedure	NOUN
taxlaw-13768	130	11	guidelines	guideline	NOUN
taxlaw-13768	130	12	was	be	AUX
taxlaw-13768	130	13	the	the	DET
taxlaw-13768	130	14	reduction	reduction	NOUN
taxlaw-13768	130	15	from	from	ADP
taxlaw-13768	130	16	a	a	DET
taxlaw-13768	130	17	20	20	NUM
taxlaw-13768	130	18	%	%	NOUN
taxlaw-13768	130	19	to	to	ADP
taxlaw-13768	130	20	a	a	DET
taxlaw-13768	130	21	10	10	NUM
taxlaw-13768	130	22	%	%	NOUN
taxlaw-13768	130	23	threshold	threshold	NOUN
taxlaw-13768	130	24	for	for	ADP
taxlaw-13768	130	25	corporate	corporate	ADJ
taxlaw-13768	130	26	section	section	NOUN
taxlaw-13768	130	27	1248	1248	NUM
taxlaw-13768	130	28	shareholders	shareholder	NOUN
taxlaw-13768	130	29	(	(	PUNCT
taxlaw-13768	130	30	defined	define	VERB
taxlaw-13768	130	31	below	below	ADV
taxlaw-13768	130	32	)	)	PUNCT
taxlaw-13768	130	33	to	to	PART
taxlaw-13768	130	34	be	be	AUX
taxlaw-13768	130	35	required	require	VERB
taxlaw-13768	130	36	to	to	PART
taxlaw-13768	130	37	include	include	VERB
taxlaw-13768	130	38	certain	certain	ADJ
taxlaw-13768	130	39	amounts	amount	NOUN
taxlaw-13768	130	40	in	in	ADP
taxlaw-13768	130	41	gross	gross	ADJ
taxlaw-13768	130	42	income	income	NOUN
taxlaw-13768	130	43	.	.	PUNCT
taxlaw-13768	131	1	the	the	DET
taxlaw-13768	131	2	preamble	preamble	NOUN
taxlaw-13768	131	3	to	to	ADP
taxlaw-13768	131	4	the	the	DET
taxlaw-13768	131	5	1977	1977	NUM
taxlaw-13768	131	6	temporary	temporary	ADJ
taxlaw-13768	131	7	regulations	regulation	NOUN
taxlaw-13768	131	8	did	do	AUX
taxlaw-13768	131	9	not	not	PART
taxlaw-13768	131	10	offer	offer	VERB
taxlaw-13768	131	11	an	an	DET
taxlaw-13768	131	12	explanation	explanation	NOUN
taxlaw-13768	131	13	for	for	ADP
taxlaw-13768	131	14	this	this	PRON
taxlaw-13768	131	15	or	or	CCONJ
taxlaw-13768	131	16	other	other	ADJ
taxlaw-13768	131	17	departures	departure	NOUN
taxlaw-13768	131	18	from	from	ADP
taxlaw-13768	131	19	the	the	DET
taxlaw-13768	131	20	revenue	revenue	NOUN
taxlaw-13768	131	21	procedure	procedure	NOUN
taxlaw-13768	131	22	guidelines	guideline	NOUN
taxlaw-13768	131	23	.	.	PUNCT
taxlaw-13768	132	1	25	25	NUM
taxlaw-13768	132	2	where	where	SCONJ
taxlaw-13768	132	3	applicable	applicable	ADJ
taxlaw-13768	132	4	,	,	PUNCT
taxlaw-13768	132	5	section	section	NOUN
taxlaw-13768	132	6	1248	1248	NUM
taxlaw-13768	132	7	generally	generally	ADV
taxlaw-13768	132	8	recharacterizes	recharacterize	VERB
taxlaw-13768	132	9	a	a	DET
taxlaw-13768	132	10	shareholder	shareholder	NOUN
taxlaw-13768	132	11	’s	’s	PART
taxlaw-13768	132	12	gain	gain	NOUN
taxlaw-13768	132	13	on	on	ADP
taxlaw-13768	132	14	the	the	DET
taxlaw-13768	132	15	sale	sale	NOUN
taxlaw-13768	132	16	of	of	ADP
taxlaw-13768	132	17	stock	stock	NOUN
taxlaw-13768	132	18	of	of	ADP
taxlaw-13768	132	19	a	a	DET
taxlaw-13768	132	20	foreign	foreign	ADJ
taxlaw-13768	132	21	corporation	corporation	NOUN
taxlaw-13768	132	22	as	as	ADP
taxlaw-13768	132	23	a	a	DET
taxlaw-13768	132	24	dividend	dividend	NOUN
taxlaw-13768	132	25	to	to	ADP
taxlaw-13768	132	26	the	the	DET
taxlaw-13768	132	27	extent	extent	NOUN
taxlaw-13768	132	28	of	of	ADP
taxlaw-13768	132	29	the	the	DET
taxlaw-13768	132	30	earnings	earning	NOUN
taxlaw-13768	132	31	and	and	CCONJ
taxlaw-13768	132	32	profits	profit	NOUN
taxlaw-13768	132	33	(	(	PUNCT
taxlaw-13768	132	34	“	"	PUNCT
taxlaw-13768	132	35	e&p	e&p	PROPN
taxlaw-13768	132	36	”	"	PUNCT
taxlaw-13768	132	37	)	)	PUNCT
taxlaw-13768	132	38	of	of	ADP
taxlaw-13768	132	39	the	the	DET
taxlaw-13768	132	40	foreign	foreign	ADJ
taxlaw-13768	132	41	corporation	corporation	NOUN
taxlaw-13768	132	42	(	(	PUNCT
taxlaw-13768	132	43	and	and	CCONJ
taxlaw-13768	132	44	,	,	PUNCT
taxlaw-13768	132	45	in	in	ADP
taxlaw-13768	132	46	some	some	DET
taxlaw-13768	132	47	cases	case	NOUN
taxlaw-13768	132	48	,	,	PUNCT
taxlaw-13768	132	49	of	of	ADP
taxlaw-13768	132	50	lower	low	ADJ
taxlaw-13768	132	51	-	-	PUNCT
taxlaw-13768	132	52	tier	tier	NOUN
taxlaw-13768	132	53	foreign	foreign	ADJ
taxlaw-13768	132	54	subsidiaries	subsidiary	NOUN
taxlaw-13768	132	55	)	)	PUNCT
taxlaw-13768	132	56	attributable	attributable	ADJ
taxlaw-13768	132	57	to	to	ADP
taxlaw-13768	132	58	that	that	DET
taxlaw-13768	132	59	shareholder	shareholder	NOUN
taxlaw-13768	132	60	(	(	PUNCT
taxlaw-13768	132	61	such	such	ADJ
taxlaw-13768	132	62	amount	amount	NOUN
taxlaw-13768	132	63	,	,	PUNCT
taxlaw-13768	132	64	the	the	DET
taxlaw-13768	132	65	“	"	PUNCT
taxlaw-13768	132	66	section	section	NOUN
taxlaw-13768	132	67	1248	1248	NUM
taxlaw-13768	132	68	amount	amount	NOUN
taxlaw-13768	132	69	”	"	PUNCT
taxlaw-13768	132	70	)	)	PUNCT
taxlaw-13768	132	71	.	.	PUNCT
taxlaw-13768	133	1	section	section	NOUN
taxlaw-13768	133	2	1248	1248	NUM
taxlaw-13768	133	3	applies	apply	VERB
taxlaw-13768	133	4	to	to	ADP
taxlaw-13768	133	5	the	the	DET
taxlaw-13768	133	6	sale	sale	NOUN
taxlaw-13768	133	7	of	of	ADP
taxlaw-13768	133	8	stock	stock	NOUN
taxlaw-13768	133	9	of	of	ADP
taxlaw-13768	133	10	a	a	DET
taxlaw-13768	133	11	foreign	foreign	ADJ
taxlaw-13768	133	12	corporation	corporation	NOUN
taxlaw-13768	133	13	by	by	ADP
taxlaw-13768	133	14	a	a	DET
taxlaw-13768	133	15	u.s	u.s	PROPN
taxlaw-13768	133	16	.	.	PROPN
taxlaw-13768	133	17	person	person	NOUN
taxlaw-13768	133	18	that	that	PRON
taxlaw-13768	133	19	owns	own	VERB
taxlaw-13768	133	20	(	(	PUNCT
taxlaw-13768	133	21	within	within	ADP
taxlaw-13768	133	22	the	the	DET
taxlaw-13768	133	23	meaning	meaning	NOUN
taxlaw-13768	133	24	of	of	ADP
taxlaw-13768	133	25	section	section	NOUN
taxlaw-13768	133	26	958(a	958(a	PROPN
taxlaw-13768	133	27	)	)	PUNCT
taxlaw-13768	133	28	or	or	CCONJ
taxlaw-13768	133	29	(	(	PUNCT
taxlaw-13768	133	30	b	b	NOUN
taxlaw-13768	133	31	)	)	PUNCT
taxlaw-13768	133	32	)	)	PUNCT
taxlaw-13768	133	33	10	10	NUM
taxlaw-13768	133	34	%	%	NOUN
taxlaw-13768	133	35	or	or	CCONJ
taxlaw-13768	133	36	more	more	ADJ
taxlaw-13768	133	37	of	of	ADP
taxlaw-13768	133	38	the	the	DET
taxlaw-13768	133	39	total	total	ADJ
taxlaw-13768	133	40	combined	combined	ADJ
taxlaw-13768	133	41	voting	voting	NOUN
taxlaw-13768	133	42	power	power	NOUN
taxlaw-13768	133	43	of	of	ADP
taxlaw-13768	133	44	the	the	DET
taxlaw-13768	133	45	foreign	foreign	ADJ
taxlaw-13768	133	46	corporation	corporation	NOUN
taxlaw-13768	133	47	at	at	ADP
taxlaw-13768	133	48	any	any	DET
taxlaw-13768	133	49	time	time	NOUN
taxlaw-13768	133	50	during	during	ADP
taxlaw-13768	133	51	the	the	DET
taxlaw-13768	133	52	five	five	NUM
taxlaw-13768	133	53	-	-	PUNCT
taxlaw-13768	133	54	year	year	NOUN
taxlaw-13768	133	55	period	period	NOUN
taxlaw-13768	133	56	ending	end	VERB
taxlaw-13768	133	57	on	on	ADP
taxlaw-13768	133	58	the	the	DET
taxlaw-13768	133	59	date	date	NOUN
taxlaw-13768	133	60	of	of	ADP
taxlaw-13768	133	61	the	the	DET
taxlaw-13768	133	62	sale	sale	NOUN
taxlaw-13768	133	63	or	or	CCONJ
taxlaw-13768	133	64	exchange	exchange	NOUN
taxlaw-13768	133	65	if	if	SCONJ
taxlaw-13768	133	66	the	the	DET
taxlaw-13768	133	67	foreign	foreign	ADJ
taxlaw-13768	133	68	corporation	corporation	NOUN
taxlaw-13768	133	69	was	be	AUX
taxlaw-13768	133	70	a	a	DET
taxlaw-13768	133	71	controlled	control	VERB
taxlaw-13768	133	72	foreign	foreign	ADJ
taxlaw-13768	133	73	corporation	corporation	NOUN
taxlaw-13768	133	74	(	(	PUNCT
taxlaw-13768	133	75	“	"	PUNCT
taxlaw-13768	133	76	cfc	cfc	PROPN
taxlaw-13768	133	77	”	"	PUNCT
taxlaw-13768	133	78	)	)	PUNCT
taxlaw-13768	133	79	at	at	ADP
taxlaw-13768	133	80	any	any	DET
taxlaw-13768	133	81	time	time	NOUN
taxlaw-13768	133	82	during	during	ADP
taxlaw-13768	133	83	that	that	DET
taxlaw-13768	133	84	five	five	NUM
taxlaw-13768	133	85	-	-	PUNCT
taxlaw-13768	133	86	year	year	NOUN
taxlaw-13768	133	87	period	period	NOUN
taxlaw-13768	133	88	(	(	PUNCT
taxlaw-13768	133	89	such	such	ADJ
taxlaw-13768	133	90	shareholder	shareholder	NOUN
taxlaw-13768	133	91	,	,	PUNCT
taxlaw-13768	133	92	a	a	DET
taxlaw-13768	133	93	“	"	PUNCT
taxlaw-13768	133	94	section	section	NOUN
taxlaw-13768	133	95	1248	1248	NUM
taxlaw-13768	133	96	shareholder	shareholder	NOUN
taxlaw-13768	133	97	”	"	PUNCT
taxlaw-13768	133	98	)	)	PUNCT
taxlaw-13768	133	99	and	and	CCONJ
taxlaw-13768	133	100	only	only	ADV
taxlaw-13768	133	101	applies	apply	VERB
taxlaw-13768	133	102	to	to	ADP
taxlaw-13768	133	103	the	the	DET
taxlaw-13768	133	104	e&p	e&p	PROPN
taxlaw-13768	133	105	of	of	ADP
taxlaw-13768	133	106	the	the	DET
taxlaw-13768	133	107	foreign	foreign	ADJ
taxlaw-13768	133	108	corporation	corporation	NOUN
taxlaw-13768	133	109	while	while	SCONJ
taxlaw-13768	133	110	it	it	PRON
taxlaw-13768	133	111	is	be	AUX
taxlaw-13768	133	112	a	a	DET
taxlaw-13768	133	113	cfc	cfc	NOUN
taxlaw-13768	133	114	.	.	PUNCT
taxlaw-13768	134	1	26	26	NUM
taxlaw-13768	134	2	there	there	PRON
taxlaw-13768	134	3	have	have	AUX
taxlaw-13768	134	4	been	be	AUX
taxlaw-13768	134	5	various	various	ADJ
taxlaw-13768	134	6	tweaks	tweak	NOUN
taxlaw-13768	134	7	to	to	ADP
taxlaw-13768	134	8	the	the	DET
taxlaw-13768	134	9	definition	definition	NOUN
taxlaw-13768	134	10	of	of	ADP
taxlaw-13768	134	11	all	all	DET
taxlaw-13768	134	12	e&p	e&p	PROPN
taxlaw-13768	134	13	under	under	ADP
taxlaw-13768	134	14	the	the	DET
taxlaw-13768	134	15	regulations	regulation	NOUN
taxlaw-13768	134	16	,	,	PUNCT
taxlaw-13768	134	17	but	but	CCONJ
taxlaw-13768	134	18	generally	generally	ADV
taxlaw-13768	134	19	under	under	ADP
taxlaw-13768	134	20	treas	treas	PROPN
taxlaw-13768	134	21	.	.	PUNCT
taxlaw-13768	135	1	reg	reg	PROPN
taxlaw-13768	135	2	.	.	PUNCT
taxlaw-13768	136	1	§	§	PROPN
taxlaw-13768	136	2	1.367(b)-2(d	1.367(b)-2(d	PROPN
taxlaw-13768	136	3	)	)	PUNCT
taxlaw-13768	136	4	and	and	CCONJ
taxlaw-13768	136	5	as	as	SCONJ
taxlaw-13768	136	6	used	use	VERB
taxlaw-13768	136	7	here	here	ADV
taxlaw-13768	136	8	,	,	PUNCT
taxlaw-13768	136	9	the	the	DET
taxlaw-13768	136	10	all	all	DET
taxlaw-13768	136	11	e&p	e&p	PROPN
taxlaw-13768	136	12	amount	amount	NOUN
taxlaw-13768	136	13	is	be	AUX
taxlaw-13768	136	14	the	the	DET
taxlaw-13768	136	15	net	net	ADJ
taxlaw-13768	136	16	positive	positive	ADJ
taxlaw-13768	136	17	e&p	e&p	NOUN
taxlaw-13768	136	18	of	of	ADP
taxlaw-13768	136	19	the	the	DET
taxlaw-13768	136	20	foreign	foreign	ADJ
taxlaw-13768	136	21	acquired	acquire	VERB
taxlaw-13768	136	22	corporation	corporation	NOUN
taxlaw-13768	136	23	(	(	PUNCT
taxlaw-13768	136	24	but	but	CCONJ
taxlaw-13768	136	25	not	not	PART
taxlaw-13768	136	26	the	the	DET
taxlaw-13768	136	27	e&p	e&p	PROPN
taxlaw-13768	136	28	of	of	ADP
taxlaw-13768	136	29	the	the	DET
taxlaw-13768	136	30	subsidiaries	subsidiary	NOUN
taxlaw-13768	136	31	of	of	ADP
taxlaw-13768	136	32	the	the	DET
taxlaw-13768	136	33	foreign	foreign	ADJ
taxlaw-13768	136	34	acquired	acquire	VERB
taxlaw-13768	136	35	corporation	corporation	NOUN
taxlaw-13768	136	36	)	)	PUNCT
taxlaw-13768	136	37	attributable	attributable	ADJ
taxlaw-13768	136	38	to	to	ADP
taxlaw-13768	136	39	a	a	DET
taxlaw-13768	136	40	shareholder	shareholder	NOUN
taxlaw-13768	136	41	’s	’s	PART
taxlaw-13768	136	42	ownership	ownership	NOUN
taxlaw-13768	136	43	in	in	ADP
taxlaw-13768	136	44	the	the	DET
taxlaw-13768	136	45	foreign	foreign	ADJ
taxlaw-13768	136	46	corporation	corporation	NOUN
taxlaw-13768	136	47	.	.	PUNCT
taxlaw-13768	137	1	27	27	NUM
taxlaw-13768	137	2	temp	temp	NOUN
taxlaw-13768	137	3	.	.	PUNCT
taxlaw-13768	138	1	treas	treas	PROPN
taxlaw-13768	138	2	.	.	PUNCT
taxlaw-13768	139	1	reg	reg	PROPN
taxlaw-13768	139	2	.	.	PUNCT
taxlaw-13768	140	1	§	§	PROPN
taxlaw-13768	140	2	7.367(b)-5	7.367(b)-5	PROPN
taxlaw-13768	140	3	t	t	PROPN
taxlaw-13768	140	4	(	(	PUNCT
taxlaw-13768	140	5	1977	1977	NUM
taxlaw-13768	140	6	)	)	PUNCT
taxlaw-13768	140	7	.	.	PUNCT
taxlaw-13768	141	1	28	28	NUM
taxlaw-13768	141	2	temp	temp	NOUN
taxlaw-13768	141	3	.	.	PUNCT
taxlaw-13768	142	1	treas	treas	PROPN
taxlaw-13768	142	2	.	.	PUNCT
taxlaw-13768	143	1	reg	reg	PROPN
taxlaw-13768	143	2	.	.	PUNCT
taxlaw-13768	144	1	§	§	PROPN
taxlaw-13768	144	2	7.367(b)-7t(c)(1)(i	7.367(b)-7t(c)(1)(i	NUM
taxlaw-13768	144	3	)	)	PUNCT
taxlaw-13768	144	4	(	(	PUNCT
taxlaw-13768	144	5	1977	1977	NUM
taxlaw-13768	144	6	)	)	PUNCT
taxlaw-13768	144	7	.	.	PUNCT
taxlaw-13768	145	1	under	under	ADP
taxlaw-13768	145	2	the	the	DET
taxlaw-13768	145	3	1977	1977	NUM
taxlaw-13768	145	4	temporary	temporary	ADJ
taxlaw-13768	145	5	regulations	regulation	NOUN
taxlaw-13768	145	6	,	,	PUNCT
taxlaw-13768	145	7	the	the	DET
taxlaw-13768	145	8	section	section	NOUN
taxlaw-13768	145	9	1248	1248	NUM
taxlaw-13768	145	10	amount	amount	NOUN
taxlaw-13768	145	11	recognized	recognize	VERB
taxlaw-13768	145	12	by	by	ADP
taxlaw-13768	145	13	a	a	DET
taxlaw-13768	145	14	non	non	ADJ
taxlaw-13768	145	15	-	-	ADJ
taxlaw-13768	145	16	corporate	corporate	ADJ
taxlaw-13768	145	17	section	section	NOUN
taxlaw-13768	145	18	1248	1248	NUM
taxlaw-13768	145	19	shareholder	shareholder	NOUN
taxlaw-13768	145	20	in	in	ADP
taxlaw-13768	145	21	an	an	DET
taxlaw-13768	145	22	inbound	inbound	ADJ
taxlaw-13768	145	23	asset	asset	NOUN
taxlaw-13768	145	24	reorganization	reorganization	NOUN
taxlaw-13768	145	25	included	include	VERB
taxlaw-13768	145	26	the	the	DET
taxlaw-13768	145	27	e&p	e&p	PROPN
taxlaw-13768	145	28	of	of	ADP
taxlaw-13768	145	29	lower	low	ADJ
taxlaw-13768	145	30	-	-	PUNCT
taxlaw-13768	145	31	tier	tier	NOUN
taxlaw-13768	145	32	foreign	foreign	ADJ
taxlaw-13768	145	33	subsidiaries	subsidiary	NOUN
taxlaw-13768	145	34	,	,	PUNCT
taxlaw-13768	145	35	which	which	DET
taxlaw-13768	145	36	inclusion	inclusion	NOUN
taxlaw-13768	145	37	was	be	AUX
taxlaw-13768	145	38	a	a	DET
taxlaw-13768	145	39	significant	significant	ADJ
taxlaw-13768	145	40	departure	departure	NOUN
taxlaw-13768	145	41	from	from	ADP
taxlaw-13768	145	42	the	the	DET
taxlaw-13768	145	43	revenue	revenue	NOUN
taxlaw-13768	145	44	procedure	procedure	NOUN
taxlaw-13768	145	45	guidelines	guideline	NOUN
taxlaw-13768	145	46	.	.	PUNCT
taxlaw-13768	146	1	168	168	NUM
taxlaw-13768	146	2	columbia	columbia	PROPN
taxlaw-13768	146	3	journal	journal	PROPN
taxlaw-13768	146	4	of	of	ADP
taxlaw-13768	146	5	tax	tax	NOUN
taxlaw-13768	146	6	law	law	NOUN
taxlaw-13768	146	7	[	[	X
taxlaw-13768	146	8	vol	vol	NOUN
taxlaw-13768	146	9	.	.	PUNCT
taxlaw-13768	147	1	16:2	16:2	NUM
taxlaw-13768	147	2	amount	amount	NOUN
taxlaw-13768	147	3	attributable	attributable	ADJ
taxlaw-13768	147	4	to	to	ADP
taxlaw-13768	147	5	its	its	PRON
taxlaw-13768	147	6	stock	stock	NOUN
taxlaw-13768	147	7	of	of	ADP
taxlaw-13768	147	8	the	the	DET
taxlaw-13768	147	9	foreign	foreign	ADJ
taxlaw-13768	147	10	corporation	corporation	NOUN
taxlaw-13768	147	11	or	or	CCONJ
taxlaw-13768	147	12	(	(	PUNCT
taxlaw-13768	147	13	2	2	X
taxlaw-13768	147	14	)	)	PUNCT
taxlaw-13768	147	15	recognize	recognize	VERB
taxlaw-13768	147	16	gain	gain	NOUN
taxlaw-13768	147	17	with	with	ADP
taxlaw-13768	147	18	respect	respect	NOUN
taxlaw-13768	147	19	to	to	ADP
taxlaw-13768	147	20	its	its	PRON
taxlaw-13768	147	21	stock	stock	NOUN
taxlaw-13768	147	22	of	of	ADP
taxlaw-13768	147	23	the	the	DET
taxlaw-13768	147	24	foreign	foreign	ADJ
taxlaw-13768	147	25	corporation;29	corporation;29	NOUN
taxlaw-13768	147	26	o	o	NOUN
taxlaw-13768	147	27	a	a	DET
taxlaw-13768	147	28	foreign	foreign	ADJ
taxlaw-13768	147	29	corporate	corporate	ADJ
taxlaw-13768	147	30	shareholder	shareholder	NOUN
taxlaw-13768	147	31	was	be	AUX
taxlaw-13768	147	32	required	require	VERB
taxlaw-13768	147	33	to	to	PART
taxlaw-13768	147	34	add	add	VERB
taxlaw-13768	147	35	certain	certain	ADJ
taxlaw-13768	147	36	e&p	e&p	PROPN
taxlaw-13768	147	37	of	of	ADP
taxlaw-13768	147	38	the	the	DET
taxlaw-13768	147	39	foreign	foreign	ADJ
taxlaw-13768	147	40	corporation	corporation	NOUN
taxlaw-13768	147	41	to	to	ADP
taxlaw-13768	147	42	its	its	PRON
taxlaw-13768	147	43	own	own	ADJ
taxlaw-13768	147	44	e&p	e&p	PROPN
taxlaw-13768	147	45	,	,	PUNCT
taxlaw-13768	147	46	specifically	specifically	ADV
taxlaw-13768	147	47	the	the	DET
taxlaw-13768	147	48	e&p	e&p	PROPN
taxlaw-13768	147	49	that	that	PRON
taxlaw-13768	147	50	would	would	AUX
taxlaw-13768	147	51	have	have	AUX
taxlaw-13768	147	52	been	be	AUX
taxlaw-13768	147	53	subject	subject	ADJ
taxlaw-13768	147	54	to	to	ADP
taxlaw-13768	147	55	section	section	NOUN
taxlaw-13768	147	56	1248(c)(2	1248(c)(2	NUM
taxlaw-13768	147	57	)	)	PUNCT
taxlaw-13768	147	58	had	have	AUX
taxlaw-13768	147	59	there	there	PRON
taxlaw-13768	147	60	been	be	AUX
taxlaw-13768	147	61	a	a	DET
taxlaw-13768	147	62	disposition	disposition	NOUN
taxlaw-13768	147	63	of	of	ADP
taxlaw-13768	147	64	stock	stock	NOUN
taxlaw-13768	147	65	in	in	ADP
taxlaw-13768	147	66	a	a	DET
taxlaw-13768	147	67	first	first	ADJ
taxlaw-13768	147	68	-	-	PUNCT
taxlaw-13768	147	69	tier	tier	NOUN
taxlaw-13768	147	70	foreign	foreign	ADJ
taxlaw-13768	147	71	corporation	corporation	NOUN
taxlaw-13768	147	72	and	and	CCONJ
taxlaw-13768	147	73	the	the	DET
taxlaw-13768	147	74	e&p	e&p	PROPN
taxlaw-13768	147	75	for	for	ADP
taxlaw-13768	147	76	pre-1963	pre-1963	ADJ
taxlaw-13768	147	77	years	year	NOUN
taxlaw-13768	147	78	that	that	PRON
taxlaw-13768	147	79	was	be	AUX
taxlaw-13768	147	80	attributable	attributable	ADJ
taxlaw-13768	147	81	to	to	ADP
taxlaw-13768	147	82	the	the	DET
taxlaw-13768	147	83	stock;30	stock;30	NOUN
taxlaw-13768	147	84	and	and	CCONJ
taxlaw-13768	147	85	o	o	PROPN
taxlaw-13768	147	86	a	a	DET
taxlaw-13768	147	87	u.s	u.s	PROPN
taxlaw-13768	147	88	.	.	PROPN
taxlaw-13768	147	89	person	person	NOUN
taxlaw-13768	147	90	who	who	PRON
taxlaw-13768	147	91	was	be	AUX
taxlaw-13768	147	92	not	not	PART
taxlaw-13768	147	93	a	a	DET
taxlaw-13768	147	94	section	section	NOUN
taxlaw-13768	147	95	1248	1248	NUM
taxlaw-13768	147	96	shareholder	shareholder	NOUN
taxlaw-13768	147	97	was	be	AUX
taxlaw-13768	147	98	eligible	eligible	ADJ
taxlaw-13768	147	99	for	for	ADP
taxlaw-13768	147	100	nonrecognition.31	nonrecognition.31	PROPN
taxlaw-13768	147	101	b.	b.	PROPN
taxlaw-13768	147	102	1991	1991	NUM
taxlaw-13768	147	103	proposed	propose	VERB
taxlaw-13768	147	104	regulations	regulation	NOUN
taxlaw-13768	147	105	fourteen	fourteen	NUM
taxlaw-13768	147	106	years	year	NOUN
taxlaw-13768	147	107	later	later	ADV
taxlaw-13768	147	108	,	,	PUNCT
taxlaw-13768	147	109	treasury	treasury	PROPN
taxlaw-13768	147	110	and	and	CCONJ
taxlaw-13768	147	111	the	the	DET
taxlaw-13768	147	112	irs	irs	PROPN
taxlaw-13768	147	113	issued	issue	VERB
taxlaw-13768	147	114	proposed	propose	VERB
taxlaw-13768	147	115	regulations	regulation	NOUN
taxlaw-13768	147	116	that	that	PRON
taxlaw-13768	147	117	largely	largely	ADV
taxlaw-13768	147	118	replaced	replace	VERB
taxlaw-13768	147	119	the	the	DET
taxlaw-13768	147	120	1977	1977	NUM
taxlaw-13768	147	121	temporary	temporary	ADJ
taxlaw-13768	147	122	regulations	regulation	NOUN
taxlaw-13768	147	123	(	(	PUNCT
taxlaw-13768	147	124	the	the	DET
taxlaw-13768	147	125	“	"	PUNCT
taxlaw-13768	147	126	1991	1991	NUM
taxlaw-13768	147	127	proposed	propose	VERB
taxlaw-13768	147	128	regulations”).32	regulations”).32	VERB
taxlaw-13768	147	129	those	those	DET
taxlaw-13768	147	130	regulations	regulation	NOUN
taxlaw-13768	147	131	reflected	reflect	VERB
taxlaw-13768	147	132	considerable	considerable	ADJ
taxlaw-13768	147	133	thinking	thinking	NOUN
taxlaw-13768	147	134	in	in	ADP
taxlaw-13768	147	135	the	the	DET
taxlaw-13768	147	136	intervening	intervene	VERB
taxlaw-13768	147	137	period	period	NOUN
taxlaw-13768	147	138	by	by	ADP
taxlaw-13768	147	139	kingson	kingson	NOUN
taxlaw-13768	147	140	and	and	CCONJ
taxlaw-13768	147	141	others	other	NOUN
taxlaw-13768	147	142	about	about	ADP
taxlaw-13768	147	143	the	the	DET
taxlaw-13768	147	144	role	role	NOUN
taxlaw-13768	147	145	of	of	ADP
taxlaw-13768	147	146	deferral	deferral	NOUN
taxlaw-13768	147	147	of	of	ADP
taxlaw-13768	147	148	earnings	earning	NOUN
taxlaw-13768	147	149	of	of	ADP
taxlaw-13768	147	150	foreign	foreign	ADJ
taxlaw-13768	147	151	corporations.33	corporations.33	NOUN
taxlaw-13768	147	152	the	the	DET
taxlaw-13768	147	153	regulations	regulation	NOUN
taxlaw-13768	147	154	provided	provide	VERB
taxlaw-13768	147	155	a	a	DET
taxlaw-13768	147	156	series	series	NOUN
taxlaw-13768	147	157	of	of	ADP
taxlaw-13768	147	158	changes	change	NOUN
taxlaw-13768	147	159	from	from	ADP
taxlaw-13768	147	160	the	the	DET
taxlaw-13768	147	161	1977	1977	NUM
taxlaw-13768	147	162	temporary	temporary	ADJ
taxlaw-13768	147	163	regulations	regulation	NOUN
taxlaw-13768	147	164	aimed	aim	VERB
taxlaw-13768	147	165	at	at	ADP
taxlaw-13768	147	166	clarifying	clarify	VERB
taxlaw-13768	147	167	the	the	DET
taxlaw-13768	147	168	scope	scope	NOUN
taxlaw-13768	147	169	of	of	ADP
taxlaw-13768	147	170	section	section	NOUN
taxlaw-13768	147	171	367(b	367(b	PROPN
taxlaw-13768	147	172	)	)	PUNCT
taxlaw-13768	147	173	,	,	PUNCT
taxlaw-13768	147	174	streamlining	streamline	VERB
taxlaw-13768	147	175	compliance	compliance	NOUN
taxlaw-13768	147	176	,	,	PUNCT
taxlaw-13768	147	177	and	and	CCONJ
taxlaw-13768	147	178	minimizing	minimize	VERB
taxlaw-13768	147	179	complexity.34	complexity.34	NOUN
taxlaw-13768	147	180	the	the	DET
taxlaw-13768	147	181	preamble	preamble	NOUN
taxlaw-13768	147	182	to	to	ADP
taxlaw-13768	147	183	the	the	DET
taxlaw-13768	147	184	1991	1991	NUM
taxlaw-13768	147	185	proposed	propose	VERB
taxlaw-13768	147	186	regulations	regulation	NOUN
taxlaw-13768	147	187	articulated	articulate	VERB
taxlaw-13768	147	188	what	what	PRON
taxlaw-13768	147	189	treasury	treasury	NOUN
taxlaw-13768	147	190	and	and	CCONJ
taxlaw-13768	147	191	the	the	DET
taxlaw-13768	147	192	irs	irs	PROPN
taxlaw-13768	147	193	believed	believe	VERB
taxlaw-13768	147	194	to	to	PART
taxlaw-13768	147	195	be	be	AUX
taxlaw-13768	147	196	several	several	ADJ
taxlaw-13768	147	197	of	of	ADP
taxlaw-13768	147	198	the	the	DET
taxlaw-13768	147	199	“	"	PUNCT
taxlaw-13768	147	200	principles	principle	NOUN
taxlaw-13768	147	201	”	"	PUNCT
taxlaw-13768	147	202	of	of	ADP
taxlaw-13768	147	203	section	section	NOUN
taxlaw-13768	147	204	367(b	367(b	PROPN
taxlaw-13768	147	205	)	)	PUNCT
taxlaw-13768	147	206	,	,	PUNCT
taxlaw-13768	147	207	including	include	VERB
taxlaw-13768	147	208	those	those	PRON
taxlaw-13768	147	209	related	relate	VERB
taxlaw-13768	147	210	to	to	ADP
taxlaw-13768	147	211	the	the	DET
taxlaw-13768	147	212	acquisition	acquisition	NOUN
taxlaw-13768	147	213	of	of	ADP
taxlaw-13768	147	214	a	a	DET
taxlaw-13768	147	215	foreign	foreign	ADJ
taxlaw-13768	147	216	corporation	corporation	NOUN
taxlaw-13768	147	217	’s	’s	PART
taxlaw-13768	147	218	earnings	earning	NOUN
taxlaw-13768	147	219	by	by	ADP
taxlaw-13768	147	220	a	a	DET
taxlaw-13768	147	221	u.s	u.s	PROPN
taxlaw-13768	147	222	.	.	PROPN
taxlaw-13768	147	223	corporation	corporation	NOUN
taxlaw-13768	147	224	:	:	PUNCT
taxlaw-13768	147	225	the	the	DET
taxlaw-13768	147	226	four	four	NUM
taxlaw-13768	147	227	principles	principle	NOUN
taxlaw-13768	147	228	are	be	AUX
taxlaw-13768	147	229	(	(	PUNCT
taxlaw-13768	147	230	1	1	X
taxlaw-13768	147	231	)	)	PUNCT
taxlaw-13768	147	232	the	the	DET
taxlaw-13768	147	233	prevention	prevention	NOUN
taxlaw-13768	147	234	of	of	ADP
taxlaw-13768	147	235	the	the	DET
taxlaw-13768	147	236	repatriation	repatriation	NOUN
taxlaw-13768	147	237	of	of	ADP
taxlaw-13768	147	238	earnings	earning	NOUN
taxlaw-13768	147	239	or	or	CCONJ
taxlaw-13768	147	240	basis	basis	NOUN
taxlaw-13768	147	241	without	without	ADP
taxlaw-13768	147	242	tax	tax	NOUN
taxlaw-13768	147	243	(	(	PUNCT
taxlaw-13768	147	244	“	"	PUNCT
taxlaw-13768	147	245	repatriation	repatriation	NOUN
taxlaw-13768	147	246	principle	principle	NOUN
taxlaw-13768	147	247	”	"	PUNCT
taxlaw-13768	147	248	)	)	PUNCT
taxlaw-13768	147	249	;	;	PUNCT
taxlaw-13768	147	250	(	(	PUNCT
taxlaw-13768	147	251	2	2	X
taxlaw-13768	147	252	)	)	PUNCT
taxlaw-13768	147	253	the	the	DET
taxlaw-13768	147	254	prevention	prevention	NOUN
taxlaw-13768	147	255	of	of	ADP
taxlaw-13768	147	256	material	material	ADJ
taxlaw-13768	147	257	distortion	distortion	NOUN
taxlaw-13768	147	258	in	in	ADP
taxlaw-13768	147	259	income	income	NOUN
taxlaw-13768	147	260	(	(	PUNCT
taxlaw-13768	147	261	“	"	PUNCT
taxlaw-13768	147	262	distortion	distortion	NOUN
taxlaw-13768	147	263	principle	principle	NOUN
taxlaw-13768	147	264	”	"	PUNCT
taxlaw-13768	147	265	)	)	PUNCT
taxlaw-13768	147	266	;	;	PUNCT
taxlaw-13768	147	267	(	(	PUNCT
taxlaw-13768	147	268	3	3	X
taxlaw-13768	147	269	)	)	PUNCT
taxlaw-13768	147	270	the	the	DET
taxlaw-13768	147	271	minimization	minimization	NOUN
taxlaw-13768	147	272	of	of	ADP
taxlaw-13768	147	273	complexity	complexity	NOUN
taxlaw-13768	147	274	;	;	PUNCT
taxlaw-13768	147	275	and	and	CCONJ
taxlaw-13768	147	276	(	(	PUNCT
taxlaw-13768	147	277	4	4	X
taxlaw-13768	147	278	)	)	PUNCT
taxlaw-13768	147	279	the	the	DET
taxlaw-13768	147	280	permissibility	permissibility	NOUN
taxlaw-13768	147	281	of	of	ADP
taxlaw-13768	147	282	deferral.35	deferral.35	NOUN
taxlaw-13768	147	283	the	the	DET
taxlaw-13768	147	284	following	following	ADJ
taxlaw-13768	147	285	summary	summary	NOUN
taxlaw-13768	147	286	focuses	focus	VERB
taxlaw-13768	147	287	on	on	ADP
taxlaw-13768	147	288	the	the	DET
taxlaw-13768	147	289	first	first	ADJ
taxlaw-13768	147	290	two	two	NUM
taxlaw-13768	147	291	principles	principle	NOUN
taxlaw-13768	147	292	,	,	PUNCT
taxlaw-13768	147	293	which	which	PRON
taxlaw-13768	147	294	continue	continue	VERB
taxlaw-13768	147	295	to	to	PART
taxlaw-13768	147	296	be	be	AUX
taxlaw-13768	147	297	the	the	DET
taxlaw-13768	147	298	two	two	NUM
taxlaw-13768	147	299	driving	drive	VERB
taxlaw-13768	147	300	forces	force	NOUN
taxlaw-13768	147	301	in	in	ADP
taxlaw-13768	147	302	the	the	DET
taxlaw-13768	147	303	regulations	regulation	NOUN
taxlaw-13768	147	304	today	today	NOUN
taxlaw-13768	147	305	.	.	PUNCT
taxlaw-13768	148	1	1	1	X
taxlaw-13768	148	2	.	.	X
taxlaw-13768	149	1	the	the	DET
taxlaw-13768	149	2	repatriation	repatriation	NOUN
taxlaw-13768	149	3	principle	principle	NOUN
taxlaw-13768	149	4	with	with	ADP
taxlaw-13768	149	5	regard	regard	NOUN
taxlaw-13768	149	6	to	to	ADP
taxlaw-13768	149	7	the	the	DET
taxlaw-13768	149	8	repatriation	repatriation	NOUN
taxlaw-13768	149	9	principle	principle	NOUN
taxlaw-13768	149	10	,	,	PUNCT
taxlaw-13768	149	11	the	the	DET
taxlaw-13768	149	12	preamble	preamble	NOUN
taxlaw-13768	149	13	to	to	ADP
taxlaw-13768	149	14	the	the	DET
taxlaw-13768	149	15	1991	1991	NUM
taxlaw-13768	149	16	proposed	propose	VERB
taxlaw-13768	149	17	regulations	regulation	NOUN
taxlaw-13768	149	18	articulated	articulate	VERB
taxlaw-13768	149	19	the	the	DET
taxlaw-13768	149	20	following	following	NOUN
taxlaw-13768	149	21	:	:	PUNCT
taxlaw-13768	149	22	the	the	DET
taxlaw-13768	149	23	united	united	PROPN
taxlaw-13768	149	24	states	states	PROPN
taxlaw-13768	149	25	generally	generally	ADV
taxlaw-13768	149	26	does	do	AUX
taxlaw-13768	149	27	not	not	PART
taxlaw-13768	149	28	tax	tax	VERB
taxlaw-13768	149	29	a	a	DET
taxlaw-13768	149	30	foreign	foreign	ADJ
taxlaw-13768	149	31	corporation	corporation	NOUN
taxlaw-13768	149	32	on	on	ADP
taxlaw-13768	149	33	its	its	PRON
taxlaw-13768	149	34	foreign	foreign	ADJ
taxlaw-13768	149	35	source	source	NOUN
taxlaw-13768	149	36	earnings	earning	NOUN
taxlaw-13768	149	37	and	and	CCONJ
taxlaw-13768	149	38	profits	profit	NOUN
taxlaw-13768	149	39	.	.	PUNCT
taxlaw-13768	150	1	if	if	SCONJ
taxlaw-13768	150	2	the	the	DET
taxlaw-13768	150	3	foreign	foreign	ADJ
taxlaw-13768	150	4	corporation	corporation	NOUN
taxlaw-13768	150	5	is	be	AUX
taxlaw-13768	150	6	owned	own	VERB
taxlaw-13768	150	7	in	in	ADP
taxlaw-13768	150	8	whole	whole	ADJ
taxlaw-13768	150	9	or	or	CCONJ
taxlaw-13768	150	10	in	in	ADP
taxlaw-13768	150	11	part	part	NOUN
taxlaw-13768	150	12	,	,	PUNCT
taxlaw-13768	150	13	directly	directly	ADV
taxlaw-13768	150	14	or	or	CCONJ
taxlaw-13768	150	15	indirectly	indirectly	ADV
taxlaw-13768	150	16	,	,	PUNCT
taxlaw-13768	150	17	by	by	ADP
taxlaw-13768	150	18	a	a	DET
taxlaw-13768	150	19	united	united	PROPN
taxlaw-13768	150	20	states	states	PROPN
taxlaw-13768	150	21	person	person	NOUN
taxlaw-13768	150	22	,	,	PUNCT
taxlaw-13768	150	23	in	in	ADP
taxlaw-13768	150	24	certain	certain	ADJ
taxlaw-13768	150	25	circumstances	circumstance	NOUN
taxlaw-13768	150	26	the	the	DET
taxlaw-13768	150	27	united	united	PROPN
taxlaw-13768	150	28	states	states	PROPN
taxlaw-13768	150	29	does	do	AUX
taxlaw-13768	150	30	not	not	PART
taxlaw-13768	150	31	tax	tax	VERB
taxlaw-13768	150	32	the	the	DET
taxlaw-13768	150	33	united	united	PROPN
taxlaw-13768	150	34	states	states	PROPN
taxlaw-13768	150	35	person	person	NOUN
taxlaw-13768	150	36	on	on	ADP
taxlaw-13768	150	37	the	the	DET
taxlaw-13768	150	38	foreign	foreign	ADJ
taxlaw-13768	150	39	corporation	corporation	NOUN
taxlaw-13768	150	40	’s	’s	PART
taxlaw-13768	150	41	earnings	earning	NOUN
taxlaw-13768	150	42	and	and	CCONJ
taxlaw-13768	150	43	29	29	NUM
taxlaw-13768	150	44	temp	temp	NOUN
taxlaw-13768	150	45	.	.	PUNCT
taxlaw-13768	151	1	treas	treas	PROPN
taxlaw-13768	151	2	.	.	PUNCT
taxlaw-13768	152	1	reg	reg	PROPN
taxlaw-13768	152	2	.	.	PUNCT
taxlaw-13768	153	1	§	§	PROPN
taxlaw-13768	153	2	7.367(b)-7t(c)(2	7.367(b)-7t(c)(2	PROPN
taxlaw-13768	153	3	)	)	PUNCT
taxlaw-13768	153	4	(	(	PUNCT
taxlaw-13768	153	5	1977	1977	NUM
taxlaw-13768	153	6	)	)	PUNCT
taxlaw-13768	153	7	.	.	PUNCT
taxlaw-13768	154	1	30	30	NUM
taxlaw-13768	154	2	temp	temp	NOUN
taxlaw-13768	154	3	.	.	PUNCT
taxlaw-13768	155	1	treas	treas	PROPN
taxlaw-13768	155	2	.	.	PUNCT
taxlaw-13768	156	1	reg	reg	PROPN
taxlaw-13768	156	2	.	.	PUNCT
taxlaw-13768	157	1	§	§	PROPN
taxlaw-13768	157	2	7.367(b)-7t(c)(1)(ii	7.367(b)-7t(c)(1)(ii	NUM
taxlaw-13768	157	3	)	)	PUNCT
taxlaw-13768	157	4	(	(	PUNCT
taxlaw-13768	157	5	1977	1977	NUM
taxlaw-13768	157	6	)	)	PUNCT
taxlaw-13768	157	7	.	.	PUNCT
taxlaw-13768	158	1	31	31	NUM
taxlaw-13768	158	2	temp	temp	NOUN
taxlaw-13768	158	3	.	.	PUNCT
taxlaw-13768	159	1	treas	treas	PROPN
taxlaw-13768	159	2	.	.	PUNCT
taxlaw-13768	160	1	reg	reg	PROPN
taxlaw-13768	160	2	.	.	PUNCT
taxlaw-13768	161	1	§	§	PROPN
taxlaw-13768	161	2	7.367(b)-7t(a)(2	7.367(b)-7t(a)(2	NUM
taxlaw-13768	161	3	)	)	PUNCT
taxlaw-13768	161	4	(	(	PUNCT
taxlaw-13768	161	5	1977	1977	NUM
taxlaw-13768	161	6	)	)	PUNCT
taxlaw-13768	161	7	.	.	PUNCT
taxlaw-13768	162	1	32	32	NUM
taxlaw-13768	162	2	1991	1991	NUM
taxlaw-13768	162	3	proposed	propose	VERB
taxlaw-13768	162	4	regulations	regulation	NOUN
taxlaw-13768	162	5	,	,	PUNCT
taxlaw-13768	162	6	56	56	NUM
taxlaw-13768	162	7	fed	feed	VERB
taxlaw-13768	162	8	.	.	PUNCT
taxlaw-13768	163	1	reg	reg	PROPN
taxlaw-13768	163	2	.	.	PUNCT
taxlaw-13768	164	1	41993	41993	NUM
taxlaw-13768	164	2	(	(	PUNCT
taxlaw-13768	164	3	aug	aug	PROPN
taxlaw-13768	164	4	.	.	PROPN
taxlaw-13768	164	5	26	26	NUM
taxlaw-13768	164	6	,	,	PUNCT
taxlaw-13768	164	7	1991	1991	NUM
taxlaw-13768	164	8	)	)	PUNCT
taxlaw-13768	164	9	.	.	PUNCT
taxlaw-13768	165	1	33	33	NUM
taxlaw-13768	165	2	see	see	VERB
taxlaw-13768	165	3	charles	charles	PROPN
taxlaw-13768	165	4	i.	i.	PROPN
taxlaw-13768	165	5	kingson	kingson	PROPN
taxlaw-13768	165	6	,	,	PUNCT
taxlaw-13768	165	7	the	the	DET
taxlaw-13768	165	8	new	new	ADJ
taxlaw-13768	165	9	theory	theory	NOUN
taxlaw-13768	165	10	and	and	CCONJ
taxlaw-13768	165	11	practice	practice	NOUN
taxlaw-13768	165	12	of	of	ADP
taxlaw-13768	165	13	section	section	NOUN
taxlaw-13768	165	14	367	367	NUM
taxlaw-13768	165	15	,	,	PUNCT
taxlaw-13768	165	16	69	69	NUM
taxlaw-13768	165	17	taxes	taxis	NOUN
taxlaw-13768	165	18	1008	1008	NUM
taxlaw-13768	165	19	(	(	PUNCT
taxlaw-13768	165	20	1991	1991	NUM
taxlaw-13768	165	21	)	)	PUNCT
taxlaw-13768	165	22	.	.	PUNCT
taxlaw-13768	166	1	34	34	NUM
taxlaw-13768	166	2	1991	1991	NUM
taxlaw-13768	166	3	proposed	propose	VERB
taxlaw-13768	166	4	regulations	regulation	NOUN
taxlaw-13768	166	5	,	,	PUNCT
taxlaw-13768	166	6	56	56	NUM
taxlaw-13768	166	7	fed	feed	VERB
taxlaw-13768	166	8	.	.	PUNCT
taxlaw-13768	167	1	reg	reg	PROPN
taxlaw-13768	167	2	.	.	PUNCT
taxlaw-13768	168	1	41993	41993	NUM
taxlaw-13768	168	2	,	,	PUNCT
taxlaw-13768	168	3	41995	41995	NUM
taxlaw-13768	168	4	(	(	PUNCT
taxlaw-13768	168	5	aug	aug	PROPN
taxlaw-13768	168	6	.	.	PROPN
taxlaw-13768	168	7	26	26	NUM
taxlaw-13768	168	8	,	,	PUNCT
taxlaw-13768	168	9	1991	1991	NUM
taxlaw-13768	168	10	)	)	PUNCT
taxlaw-13768	168	11	.	.	PUNCT
taxlaw-13768	169	1	relevant	relevant	ADJ
taxlaw-13768	169	2	changes	change	NOUN
taxlaw-13768	169	3	not	not	PART
taxlaw-13768	169	4	discussed	discuss	VERB
taxlaw-13768	169	5	in	in	ADP
taxlaw-13768	169	6	detail	detail	NOUN
taxlaw-13768	169	7	in	in	ADP
taxlaw-13768	169	8	this	this	DET
taxlaw-13768	169	9	article	article	NOUN
taxlaw-13768	169	10	include	include	VERB
taxlaw-13768	169	11	requiring	require	VERB
taxlaw-13768	169	12	the	the	DET
taxlaw-13768	169	13	filing	filing	NOUN
taxlaw-13768	169	14	of	of	ADP
taxlaw-13768	169	15	a	a	DET
taxlaw-13768	169	16	notice	notice	NOUN
taxlaw-13768	169	17	by	by	ADP
taxlaw-13768	169	18	any	any	DET
taxlaw-13768	169	19	person	person	NOUN
taxlaw-13768	169	20	that	that	PRON
taxlaw-13768	169	21	realizes	realize	VERB
taxlaw-13768	169	22	income	income	NOUN
taxlaw-13768	169	23	in	in	ADP
taxlaw-13768	169	24	a	a	DET
taxlaw-13768	169	25	section	section	NOUN
taxlaw-13768	169	26	367(b	367(b	PROPN
taxlaw-13768	169	27	)	)	PUNCT
taxlaw-13768	169	28	exchange	exchange	NOUN
taxlaw-13768	169	29	,	,	PUNCT
taxlaw-13768	169	30	and	and	CCONJ
taxlaw-13768	169	31	eliminating	eliminate	VERB
taxlaw-13768	169	32	the	the	DET
taxlaw-13768	169	33	special	special	ADJ
taxlaw-13768	169	34	record	record	NOUN
taxlaw-13768	169	35	-	-	PUNCT
taxlaw-13768	169	36	keeping	keep	VERB
taxlaw-13768	169	37	requirements	requirement	NOUN
taxlaw-13768	169	38	related	relate	VERB
taxlaw-13768	169	39	to	to	ADP
taxlaw-13768	169	40	attribution	attribution	NOUN
taxlaw-13768	169	41	of	of	ADP
taxlaw-13768	169	42	certain	certain	ADJ
taxlaw-13768	169	43	amounts	amount	NOUN
taxlaw-13768	169	44	and	and	CCONJ
taxlaw-13768	169	45	adjustments	adjustment	NOUN
taxlaw-13768	169	46	to	to	ADP
taxlaw-13768	169	47	e&p	e&p	PROPN
taxlaw-13768	169	48	.	.	PUNCT
taxlaw-13768	170	1	35	35	NUM
taxlaw-13768	171	1	i	i	PRON
taxlaw-13768	171	2	d.	d.	NOUN
taxlaw-13768	171	3	at	at	ADP
taxlaw-13768	171	4	41995	41995	NUM
taxlaw-13768	171	5	-	-	SYM
taxlaw-13768	171	6	96	96	NUM
taxlaw-13768	171	7	.	.	PUNCT
taxlaw-13768	172	1	2025	2025	NUM
taxlaw-13768	172	2	]	]	PUNCT
taxlaw-13768	172	3	reflections	reflection	NOUN
taxlaw-13768	172	4	on	on	ADP
taxlaw-13768	172	5	367(b	367(b	PROPN
taxlaw-13768	172	6	)	)	PUNCT
taxlaw-13768	172	7	regulations	regulation	NOUN
taxlaw-13768	172	8	and	and	CCONJ
taxlaw-13768	172	9	inbound	inbound	ADJ
taxlaw-13768	172	10	transactions	transaction	NOUN
taxlaw-13768	172	11	169	169	NUM
taxlaw-13768	172	12	profits	profit	NOUN
taxlaw-13768	172	13	until	until	SCONJ
taxlaw-13768	172	14	those	those	DET
taxlaw-13768	172	15	earnings	earning	NOUN
taxlaw-13768	172	16	and	and	CCONJ
taxlaw-13768	172	17	profits	profit	NOUN
taxlaw-13768	172	18	are	be	AUX
taxlaw-13768	172	19	repatriated	repatriate	VERB
taxlaw-13768	172	20	(	(	PUNCT
taxlaw-13768	172	21	for	for	ADP
taxlaw-13768	172	22	example	example	NOUN
taxlaw-13768	172	23	,	,	PUNCT
taxlaw-13768	172	24	through	through	ADP
taxlaw-13768	172	25	the	the	DET
taxlaw-13768	172	26	payment	payment	NOUN
taxlaw-13768	172	27	of	of	ADP
taxlaw-13768	172	28	dividends	dividend	NOUN
taxlaw-13768	172	29	)	)	PUNCT
taxlaw-13768	172	30	or	or	CCONJ
taxlaw-13768	172	31	the	the	DET
taxlaw-13768	172	32	united	united	PROPN
taxlaw-13768	172	33	states	states	PROPN
taxlaw-13768	172	34	person	person	NOUN
taxlaw-13768	172	35	disposes	dispose	VERB
taxlaw-13768	172	36	of	of	ADP
taxlaw-13768	172	37	an	an	DET
taxlaw-13768	172	38	interest	interest	NOUN
taxlaw-13768	172	39	in	in	ADP
taxlaw-13768	172	40	the	the	DET
taxlaw-13768	172	41	foreign	foreign	ADJ
taxlaw-13768	172	42	corporation	corporation	NOUN
taxlaw-13768	172	43	.	.	PUNCT
taxlaw-13768	173	1	one	one	NUM
taxlaw-13768	173	2	of	of	ADP
taxlaw-13768	173	3	the	the	DET
taxlaw-13768	173	4	principles	principle	NOUN
taxlaw-13768	173	5	of	of	ADP
taxlaw-13768	173	6	the	the	DET
taxlaw-13768	173	7	proposed	propose	VERB
taxlaw-13768	173	8	regulations	regulation	NOUN
taxlaw-13768	173	9	under	under	ADP
taxlaw-13768	173	10	section	section	NOUN
taxlaw-13768	173	11	367(b	367(b	PROPN
taxlaw-13768	173	12	)	)	PUNCT
taxlaw-13768	173	13	is	be	AUX
taxlaw-13768	173	14	that	that	SCONJ
taxlaw-13768	173	15	the	the	DET
taxlaw-13768	173	16	repatriation	repatriation	NOUN
taxlaw-13768	173	17	of	of	ADP
taxlaw-13768	173	18	a	a	DET
taxlaw-13768	173	19	united	united	PROPN
taxlaw-13768	173	20	states	states	PROPN
taxlaw-13768	173	21	person	person	NOUN
taxlaw-13768	173	22	’s	’s	PART
taxlaw-13768	173	23	share	share	NOUN
taxlaw-13768	173	24	of	of	ADP
taxlaw-13768	173	25	earnings	earning	NOUN
taxlaw-13768	173	26	and	and	CCONJ
taxlaw-13768	173	27	profits	profit	NOUN
taxlaw-13768	173	28	of	of	ADP
taxlaw-13768	173	29	a	a	DET
taxlaw-13768	173	30	foreign	foreign	ADJ
taxlaw-13768	173	31	corporation	corporation	NOUN
taxlaw-13768	173	32	through	through	ADP
taxlaw-13768	173	33	what	what	PRON
taxlaw-13768	173	34	would	would	AUX
taxlaw-13768	173	35	otherwise	otherwise	ADV
taxlaw-13768	173	36	be	be	AUX
taxlaw-13768	173	37	a	a	DET
taxlaw-13768	173	38	nonrecognition	nonrecognition	NOUN
taxlaw-13768	173	39	transaction	transaction	NOUN
taxlaw-13768	173	40	(	(	PUNCT
taxlaw-13768	173	41	for	for	ADP
taxlaw-13768	173	42	example	example	NOUN
taxlaw-13768	173	43	,	,	PUNCT
taxlaw-13768	173	44	a	a	DET
taxlaw-13768	173	45	liquidation	liquidation	NOUN
taxlaw-13768	173	46	of	of	ADP
taxlaw-13768	173	47	a	a	DET
taxlaw-13768	173	48	foreign	foreign	ADJ
taxlaw-13768	173	49	subsidiary	subsidiary	NOUN
taxlaw-13768	173	50	into	into	ADP
taxlaw-13768	173	51	its	its	PRON
taxlaw-13768	173	52	domestic	domestic	ADJ
taxlaw-13768	173	53	parent	parent	NOUN
taxlaw-13768	173	54	in	in	ADP
taxlaw-13768	173	55	a	a	DET
taxlaw-13768	173	56	transaction	transaction	NOUN
taxlaw-13768	173	57	described	describe	VERB
taxlaw-13768	173	58	in	in	ADP
taxlaw-13768	173	59	section	section	NOUN
taxlaw-13768	173	60	332	332	NUM
taxlaw-13768	173	61	,	,	PUNCT
taxlaw-13768	173	62	or	or	CCONJ
taxlaw-13768	173	63	an	an	DET
taxlaw-13768	173	64	acquisition	acquisition	NOUN
taxlaw-13768	173	65	by	by	ADP
taxlaw-13768	173	66	a	a	DET
taxlaw-13768	173	67	domestic	domestic	ADJ
taxlaw-13768	173	68	corporation	corporation	NOUN
taxlaw-13768	173	69	in	in	ADP
taxlaw-13768	173	70	a	a	DET
taxlaw-13768	173	71	reorganization	reorganization	NOUN
taxlaw-13768	173	72	described	describe	VERB
taxlaw-13768	173	73	in	in	ADP
taxlaw-13768	173	74	section	section	NOUN
taxlaw-13768	173	75	368	368	NUM
taxlaw-13768	173	76	)	)	PUNCT
taxlaw-13768	173	77	should	should	AUX
taxlaw-13768	173	78	generally	generally	ADV
taxlaw-13768	173	79	cause	cause	VERB
taxlaw-13768	173	80	recognition	recognition	NOUN
taxlaw-13768	173	81	of	of	ADP
taxlaw-13768	173	82	income	income	NOUN
taxlaw-13768	173	83	by	by	ADP
taxlaw-13768	173	84	the	the	DET
taxlaw-13768	173	85	foreign	foreign	ADJ
taxlaw-13768	173	86	corporation	corporation	NOUN
taxlaw-13768	173	87	’s	’s	PART
taxlaw-13768	173	88	shareholders	shareholder	NOUN
taxlaw-13768	173	89	.	.	PUNCT
taxlaw-13768	174	1	a	a	DET
taxlaw-13768	174	2	domestic	domestic	ADJ
taxlaw-13768	174	3	acquirer	acquirer	NOUN
taxlaw-13768	174	4	of	of	ADP
taxlaw-13768	174	5	the	the	DET
taxlaw-13768	174	6	foreign	foreign	ADJ
taxlaw-13768	174	7	corporation	corporation	NOUN
taxlaw-13768	174	8	’s	’s	PART
taxlaw-13768	174	9	assets	asset	NOUN
taxlaw-13768	174	10	should	should	AUX
taxlaw-13768	174	11	not	not	PART
taxlaw-13768	174	12	succeed	succeed	VERB
taxlaw-13768	174	13	to	to	ADP
taxlaw-13768	174	14	the	the	DET
taxlaw-13768	174	15	basis	basis	NOUN
taxlaw-13768	174	16	or	or	CCONJ
taxlaw-13768	174	17	other	other	ADJ
taxlaw-13768	174	18	tax	tax	NOUN
taxlaw-13768	174	19	attributes	attribute	NOUN
taxlaw-13768	174	20	of	of	ADP
taxlaw-13768	174	21	the	the	DET
taxlaw-13768	174	22	foreign	foreign	ADJ
taxlaw-13768	174	23	corporation	corporation	NOUN
taxlaw-13768	174	24	except	except	SCONJ
taxlaw-13768	174	25	to	to	ADP
taxlaw-13768	174	26	the	the	DET
taxlaw-13768	174	27	extent	extent	NOUN
taxlaw-13768	174	28	that	that	SCONJ
taxlaw-13768	174	29	the	the	DET
taxlaw-13768	174	30	united	united	PROPN
taxlaw-13768	174	31	states	states	PROPN
taxlaw-13768	174	32	tax	tax	NOUN
taxlaw-13768	174	33	jurisdiction	jurisdiction	NOUN
taxlaw-13768	174	34	has	have	AUX
taxlaw-13768	174	35	taken	take	VERB
taxlaw-13768	174	36	account	account	NOUN
taxlaw-13768	174	37	of	of	ADP
taxlaw-13768	174	38	the	the	DET
taxlaw-13768	174	39	united	united	PROPN
taxlaw-13768	174	40	states	states	PROPN
taxlaw-13768	174	41	person	person	PROPN
taxlaw-13768	174	42	’s	’s	PART
taxlaw-13768	174	43	share	share	NOUN
taxlaw-13768	174	44	of	of	ADP
taxlaw-13768	174	45	the	the	DET
taxlaw-13768	174	46	earnings	earning	NOUN
taxlaw-13768	174	47	and	and	CCONJ
taxlaw-13768	174	48	profits	profit	NOUN
taxlaw-13768	174	49	that	that	PRON
taxlaw-13768	174	50	gave	give	VERB
taxlaw-13768	174	51	rise	rise	NOUN
taxlaw-13768	174	52	to	to	ADP
taxlaw-13768	174	53	those	those	DET
taxlaw-13768	174	54	tax	tax	NOUN
taxlaw-13768	174	55	attributes.36	attributes.36	NOUN
taxlaw-13768	174	56	the	the	DET
taxlaw-13768	174	57	1991	1991	NUM
taxlaw-13768	174	58	proposed	propose	VERB
taxlaw-13768	174	59	regulations	regulation	NOUN
taxlaw-13768	174	60	also	also	ADV
taxlaw-13768	174	61	refined	refine	VERB
taxlaw-13768	174	62	the	the	DET
taxlaw-13768	174	63	definition	definition	NOUN
taxlaw-13768	174	64	of	of	ADP
taxlaw-13768	174	65	“	"	PUNCT
taxlaw-13768	174	66	all	all	DET
taxlaw-13768	174	67	e&p	e&p	PROPN
taxlaw-13768	174	68	amount	amount	NOUN
taxlaw-13768	174	69	”	"	PUNCT
taxlaw-13768	174	70	to	to	PART
taxlaw-13768	174	71	clarify	clarify	VERB
taxlaw-13768	174	72	the	the	DET
taxlaw-13768	174	73	intended	intend	VERB
taxlaw-13768	174	74	scope	scope	NOUN
taxlaw-13768	174	75	because	because	SCONJ
taxlaw-13768	174	76	,	,	PUNCT
taxlaw-13768	174	77	as	as	SCONJ
taxlaw-13768	174	78	the	the	DET
taxlaw-13768	174	79	preamble	preamble	NOUN
taxlaw-13768	174	80	elaborated	elaborate	VERB
taxlaw-13768	174	81	,	,	PUNCT
taxlaw-13768	174	82	the	the	DET
taxlaw-13768	174	83	regulation	regulation	NOUN
taxlaw-13768	174	84	writers	writer	NOUN
taxlaw-13768	174	85	saw	see	VERB
taxlaw-13768	174	86	“	"	PUNCT
taxlaw-13768	174	87	[	[	X
taxlaw-13768	174	88	t]he	t]he	ADV
taxlaw-13768	174	89	proper	proper	ADJ
taxlaw-13768	174	90	measure	measure	NOUN
taxlaw-13768	174	91	of	of	ADP
taxlaw-13768	174	92	[	[	X
taxlaw-13768	174	93	e&p	e&p	PROPN
taxlaw-13768	174	94	]	]	PUNCT
taxlaw-13768	174	95	that	that	PRON
taxlaw-13768	174	96	should	should	AUX
taxlaw-13768	174	97	be	be	AUX
taxlaw-13768	174	98	subject	subject	ADJ
taxlaw-13768	174	99	to	to	ADP
taxlaw-13768	174	100	tax	tax	NOUN
taxlaw-13768	174	101	is	be	AUX
taxlaw-13768	174	102	the	the	DET
taxlaw-13768	174	103	[	[	X
taxlaw-13768	174	104	all	all	DET
taxlaw-13768	174	105	e&p	e&p	PROPN
taxlaw-13768	174	106	amount].”37	amount].”37	PROPN
taxlaw-13768	174	107	the	the	DET
taxlaw-13768	174	108	1991	1991	NUM
taxlaw-13768	174	109	proposed	propose	VERB
taxlaw-13768	174	110	regulations	regulation	NOUN
taxlaw-13768	174	111	also	also	ADV
taxlaw-13768	174	112	expanded	expand	VERB
taxlaw-13768	174	113	the	the	DET
taxlaw-13768	174	114	approach	approach	NOUN
taxlaw-13768	174	115	in	in	ADP
taxlaw-13768	174	116	the	the	DET
taxlaw-13768	174	117	1977	1977	NUM
taxlaw-13768	174	118	temporary	temporary	ADJ
taxlaw-13768	174	119	regulations	regulation	NOUN
taxlaw-13768	174	120	,	,	PUNCT
taxlaw-13768	174	121	requiring	require	VERB
taxlaw-13768	174	122	that	that	SCONJ
taxlaw-13768	174	123	all	all	DET
taxlaw-13768	174	124	u.s	u.s	PROPN
taxlaw-13768	174	125	.	.	PROPN
taxlaw-13768	174	126	persons	person	NOUN
taxlaw-13768	174	127	that	that	PRON
taxlaw-13768	174	128	were	be	AUX
taxlaw-13768	174	129	u.s	u.s	PROPN
taxlaw-13768	174	130	.	.	PROPN
taxlaw-13768	174	131	shareholders	shareholder	NOUN
taxlaw-13768	174	132	,	,	PUNCT
taxlaw-13768	174	133	not	not	PART
taxlaw-13768	174	134	just	just	ADV
taxlaw-13768	174	135	domestic	domestic	ADJ
taxlaw-13768	174	136	corporate	corporate	ADJ
taxlaw-13768	174	137	section	section	NOUN
taxlaw-13768	174	138	1248	1248	NUM
taxlaw-13768	174	139	shareholders,38	shareholders,38	NOUN
taxlaw-13768	174	140	include	include	VERB
taxlaw-13768	174	141	in	in	ADP
taxlaw-13768	174	142	gross	gross	ADJ
taxlaw-13768	174	143	income	income	NOUN
taxlaw-13768	174	144	as	as	ADP
taxlaw-13768	174	145	a	a	DET
taxlaw-13768	174	146	deemed	deemed	ADJ
taxlaw-13768	174	147	dividend	dividend	NOUN
taxlaw-13768	174	148	the	the	DET
taxlaw-13768	174	149	all	all	DET
taxlaw-13768	174	150	e&p	e&p	PROPN
taxlaw-13768	174	151	amount	amount	NOUN
taxlaw-13768	174	152	in	in	ADP
taxlaw-13768	174	153	an	an	DET
taxlaw-13768	174	154	inbound	inbound	ADJ
taxlaw-13768	174	155	transaction	transaction	NOUN
taxlaw-13768	174	156	.	.	PUNCT
taxlaw-13768	175	1	the	the	DET
taxlaw-13768	175	2	preamble	preamble	NOUN
taxlaw-13768	175	3	noted	note	VERB
taxlaw-13768	175	4	two	two	NUM
taxlaw-13768	175	5	“	"	PUNCT
taxlaw-13768	175	6	departures	departure	NOUN
taxlaw-13768	175	7	”	"	PUNCT
taxlaw-13768	175	8	from	from	ADP
taxlaw-13768	175	9	the	the	DET
taxlaw-13768	175	10	1977	1977	NUM
taxlaw-13768	175	11	temporary	temporary	ADJ
taxlaw-13768	175	12	regulations	regulation	NOUN
taxlaw-13768	175	13	’	'	PUNCT
taxlaw-13768	175	14	general	general	ADJ
taxlaw-13768	175	15	rule	rule	NOUN
taxlaw-13768	175	16	that	that	SCONJ
taxlaw-13768	175	17	all	all	DET
taxlaw-13768	175	18	u.s	u.s	PROPN
taxlaw-13768	175	19	.	.	PROPN
taxlaw-13768	175	20	persons	person	NOUN
taxlaw-13768	175	21	should	should	AUX
taxlaw-13768	175	22	include	include	VERB
taxlaw-13768	175	23	the	the	DET
taxlaw-13768	175	24	all	all	DET
taxlaw-13768	175	25	e&p	e&p	PROPN
taxlaw-13768	175	26	amount	amount	NOUN
taxlaw-13768	175	27	in	in	ADP
taxlaw-13768	175	28	an	an	DET
taxlaw-13768	175	29	inbound	inbound	ADJ
taxlaw-13768	175	30	transaction	transaction	NOUN
taxlaw-13768	175	31	.	.	PUNCT
taxlaw-13768	176	1	because	because	SCONJ
taxlaw-13768	176	2	of	of	ADP
taxlaw-13768	176	3	administrative	administrative	ADJ
taxlaw-13768	176	4	concerns	concern	NOUN
taxlaw-13768	176	5	,	,	PUNCT
taxlaw-13768	176	6	the	the	DET
taxlaw-13768	176	7	1991	1991	NUM
taxlaw-13768	176	8	proposed	propose	VERB
taxlaw-13768	176	9	regulations	regulation	NOUN
taxlaw-13768	176	10	required	require	VERB
taxlaw-13768	176	11	full	full	ADJ
taxlaw-13768	176	12	recognition	recognition	NOUN
taxlaw-13768	176	13	of	of	ADP
taxlaw-13768	176	14	gain	gain	NOUN
taxlaw-13768	176	15	(	(	PUNCT
taxlaw-13768	176	16	but	but	CCONJ
taxlaw-13768	176	17	not	not	PART
taxlaw-13768	176	18	loss	loss	NOUN
taxlaw-13768	176	19	)	)	PUNCT
taxlaw-13768	176	20	for	for	ADP
taxlaw-13768	176	21	small	small	ADJ
taxlaw-13768	176	22	shareholders	shareholder	NOUN
taxlaw-13768	176	23	,	,	PUNCT
taxlaw-13768	176	24	36	36	NUM
taxlaw-13768	176	25	i	i	NOUN
taxlaw-13768	176	26	d.	d.	PROPN
taxlaw-13768	176	27	at	at	ADP
taxlaw-13768	176	28	41995	41995	NUM
taxlaw-13768	176	29	.	.	PUNCT
taxlaw-13768	177	1	37	37	NUM
taxlaw-13768	177	2	i	i	PRON
taxlaw-13768	177	3	d.	d.	PROPN
taxlaw-13768	177	4	at	at	ADP
taxlaw-13768	177	5	41996	41996	NUM
taxlaw-13768	177	6	.	.	PUNCT
taxlaw-13768	178	1	38	38	NUM
taxlaw-13768	178	2	prop	prop	NOUN
taxlaw-13768	178	3	.	.	PUNCT
taxlaw-13768	179	1	treas	treas	PROPN
taxlaw-13768	179	2	.	.	PUNCT
taxlaw-13768	180	1	reg	reg	PROPN
taxlaw-13768	180	2	.	.	PUNCT
taxlaw-13768	181	1	§	§	PROPN
taxlaw-13768	181	2	1.367(b)-3(b)(1	1.367(b)-3(b)(1	NUM
taxlaw-13768	181	3	)	)	PUNCT
taxlaw-13768	181	4	(	(	PUNCT
taxlaw-13768	181	5	1991	1991	NUM
taxlaw-13768	181	6	)	)	PUNCT
taxlaw-13768	181	7	.	.	PUNCT
taxlaw-13768	182	1	in	in	ADP
taxlaw-13768	182	2	their	their	PRON
taxlaw-13768	182	3	article	article	NOUN
taxlaw-13768	182	4	,	,	PUNCT
taxlaw-13768	182	5	gary	gary	PROPN
taxlaw-13768	182	6	scanlon	scanlon	PROPN
taxlaw-13768	182	7	and	and	CCONJ
taxlaw-13768	182	8	elena	elena	PROPN
taxlaw-13768	182	9	madaj	madaj	NOUN
taxlaw-13768	182	10	articulate	articulate	VERB
taxlaw-13768	182	11	the	the	DET
taxlaw-13768	182	12	difference	difference	NOUN
taxlaw-13768	182	13	between	between	ADP
taxlaw-13768	182	14	a	a	DET
taxlaw-13768	182	15	u.s	u.s	PROPN
taxlaw-13768	182	16	.	.	PROPN
taxlaw-13768	182	17	shareholder	shareholder	NOUN
taxlaw-13768	182	18	and	and	CCONJ
taxlaw-13768	182	19	a	a	DET
taxlaw-13768	182	20	section	section	NOUN
taxlaw-13768	182	21	1248	1248	NUM
taxlaw-13768	182	22	shareholder	shareholder	NOUN
taxlaw-13768	182	23	as	as	SCONJ
taxlaw-13768	182	24	follows	follow	VERB
taxlaw-13768	182	25	:	:	PUNCT
taxlaw-13768	182	26	while	while	SCONJ
taxlaw-13768	182	27	there	there	PRON
taxlaw-13768	182	28	is	be	VERB
taxlaw-13768	182	29	significant	significant	ADJ
taxlaw-13768	182	30	overlap	overlap	NOUN
taxlaw-13768	182	31	between	between	ADP
taxlaw-13768	182	32	persons	person	NOUN
taxlaw-13768	182	33	that	that	PRON
taxlaw-13768	182	34	are	be	AUX
taxlaw-13768	182	35	u.s	u.s	PROPN
taxlaw-13768	182	36	.	.	PROPN
taxlaw-13768	182	37	shareholders	shareholder	NOUN
taxlaw-13768	182	38	and	and	CCONJ
taxlaw-13768	182	39	persons	person	NOUN
taxlaw-13768	182	40	that	that	PRON
taxlaw-13768	182	41	are	be	AUX
taxlaw-13768	182	42	1248	1248	NUM
taxlaw-13768	182	43	shareholders	shareholder	NOUN
taxlaw-13768	182	44	,	,	PUNCT
taxlaw-13768	182	45	these	these	DET
taxlaw-13768	182	46	terms	term	NOUN
taxlaw-13768	182	47	are	be	AUX
taxlaw-13768	182	48	not	not	PART
taxlaw-13768	182	49	co	co	NOUN
taxlaw-13768	182	50	-	-	NOUN
taxlaw-13768	182	51	terminus	terminus	ADJ
taxlaw-13768	182	52	.	.	PUNCT
taxlaw-13768	183	1	for	for	ADP
taxlaw-13768	183	2	starters	starter	NOUN
taxlaw-13768	183	3	,	,	PUNCT
taxlaw-13768	183	4	status	status	NOUN
taxlaw-13768	183	5	as	as	ADP
taxlaw-13768	183	6	a	a	DET
taxlaw-13768	183	7	u.s	u.s	PROPN
taxlaw-13768	183	8	.	.	PROPN
taxlaw-13768	183	9	shareholder	shareholder	NOUN
taxlaw-13768	183	10	is	be	AUX
taxlaw-13768	183	11	determined	determine	VERB
taxlaw-13768	183	12	by	by	ADP
taxlaw-13768	183	13	reference	reference	NOUN
taxlaw-13768	183	14	to	to	PART
taxlaw-13768	183	15	vote	vote	VERB
taxlaw-13768	183	16	or	or	CCONJ
taxlaw-13768	183	17	value	value	NOUN
taxlaw-13768	183	18	,	,	PUNCT
taxlaw-13768	183	19	whereas	whereas	SCONJ
taxlaw-13768	183	20	1248	1248	NUM
taxlaw-13768	183	21	shareholder	shareholder	NOUN
taxlaw-13768	183	22	status	status	NOUN
taxlaw-13768	183	23	is	be	AUX
taxlaw-13768	183	24	determined	determine	VERB
taxlaw-13768	183	25	by	by	ADP
taxlaw-13768	183	26	reference	reference	NOUN
taxlaw-13768	183	27	solely	solely	ADV
taxlaw-13768	183	28	to	to	ADP
taxlaw-13768	183	29	voting	vote	VERB
taxlaw-13768	183	30	power	power	NOUN
taxlaw-13768	183	31	.	.	PUNCT
taxlaw-13768	184	1	in	in	ADP
taxlaw-13768	184	2	addition	addition	NOUN
taxlaw-13768	184	3	,	,	PUNCT
taxlaw-13768	184	4	while	while	SCONJ
taxlaw-13768	184	5	a	a	DET
taxlaw-13768	184	6	u.s	u.s	PROPN
taxlaw-13768	184	7	.	.	PROPN
taxlaw-13768	184	8	shareholder	shareholder	NOUN
taxlaw-13768	184	9	is	be	AUX
taxlaw-13768	184	10	subject	subject	ADJ
taxlaw-13768	184	11	to	to	ADP
taxlaw-13768	184	12	subpart	subpart	NOUN
taxlaw-13768	184	13	f	f	NOUN
taxlaw-13768	184	14	only	only	ADV
taxlaw-13768	184	15	with	with	ADP
taxlaw-13768	184	16	respect	respect	NOUN
taxlaw-13768	184	17	to	to	ADP
taxlaw-13768	184	18	a	a	DET
taxlaw-13768	184	19	foreign	foreign	ADJ
taxlaw-13768	184	20	corporation	corporation	NOUN
taxlaw-13768	184	21	that	that	PRON
taxlaw-13768	184	22	is	be	AUX
taxlaw-13768	184	23	a	a	DET
taxlaw-13768	184	24	cfc	cfc	NOUN
taxlaw-13768	184	25	,	,	PUNCT
taxlaw-13768	184	26	a	a	DET
taxlaw-13768	184	27	u.s	u.s	PROPN
taxlaw-13768	184	28	.	.	PROPN
taxlaw-13768	184	29	shareholder	shareholder	NOUN
taxlaw-13768	184	30	of	of	ADP
taxlaw-13768	184	31	a	a	DET
taxlaw-13768	184	32	foreign	foreign	ADJ
taxlaw-13768	184	33	corporation	corporation	NOUN
taxlaw-13768	184	34	that	that	PRON
taxlaw-13768	184	35	is	be	AUX
taxlaw-13768	184	36	not	not	PART
taxlaw-13768	184	37	,	,	PUNCT
taxlaw-13768	184	38	and	and	CCONJ
taxlaw-13768	184	39	has	have	AUX
taxlaw-13768	184	40	never	never	ADV
taxlaw-13768	184	41	been	be	AUX
taxlaw-13768	184	42	a	a	DET
taxlaw-13768	184	43	cfc	cfc	NOUN
taxlaw-13768	184	44	,	,	PUNCT
taxlaw-13768	184	45	is	be	AUX
taxlaw-13768	184	46	still	still	ADV
taxlaw-13768	184	47	a	a	DET
taxlaw-13768	184	48	u.s	u.s	PROPN
taxlaw-13768	184	49	.	.	PROPN
taxlaw-13768	184	50	shareholder	shareholder	NOUN
taxlaw-13768	184	51	within	within	ADP
taxlaw-13768	184	52	the	the	DET
taxlaw-13768	184	53	meaning	meaning	NOUN
taxlaw-13768	184	54	of	of	ADP
taxlaw-13768	184	55	code	code	PROPN
taxlaw-13768	184	56	sec	sec	PROPN
taxlaw-13768	184	57	.	.	PUNCT
taxlaw-13768	185	1	951(b	951(b	NUM
taxlaw-13768	185	2	)	)	PUNCT
taxlaw-13768	185	3	,	,	PUNCT
taxlaw-13768	185	4	and	and	CCONJ
taxlaw-13768	185	5	thus	thus	ADV
taxlaw-13768	185	6	subject	subject	ADJ
taxlaw-13768	185	7	to	to	ADP
taxlaw-13768	185	8	[	[	X
taxlaw-13768	185	9	treas	treas	X
taxlaw-13768	185	10	.	.	PUNCT
taxlaw-13768	186	1	reg	reg	PROPN
taxlaw-13768	186	2	.	.	PUNCT
taxlaw-13768	187	1	§	§	PROPN
taxlaw-13768	187	2	1.367(b)-3	1.367(b)-3	PROPN
taxlaw-13768	187	3	]	]	PUNCT
taxlaw-13768	187	4	.	.	PUNCT
taxlaw-13768	188	1	in	in	ADP
taxlaw-13768	188	2	contrast	contrast	NOUN
taxlaw-13768	188	3	,	,	PUNCT
taxlaw-13768	188	4	a	a	DET
taxlaw-13768	188	5	u.s	u.s	PROPN
taxlaw-13768	188	6	.	.	PROPN
taxlaw-13768	188	7	person	person	NOUN
taxlaw-13768	188	8	can	can	AUX
taxlaw-13768	188	9	be	be	AUX
taxlaw-13768	188	10	a	a	DET
taxlaw-13768	188	11	1248	1248	NUM
taxlaw-13768	188	12	shareholder	shareholder	NOUN
taxlaw-13768	188	13	only	only	ADV
taxlaw-13768	188	14	with	with	ADP
taxlaw-13768	188	15	respect	respect	NOUN
taxlaw-13768	188	16	to	to	ADP
taxlaw-13768	188	17	a	a	DET
taxlaw-13768	188	18	foreign	foreign	ADJ
taxlaw-13768	188	19	corporation	corporation	NOUN
taxlaw-13768	188	20	that	that	PRON
taxlaw-13768	188	21	is	be	AUX
taxlaw-13768	188	22	,	,	PUNCT
taxlaw-13768	188	23	or	or	CCONJ
taxlaw-13768	188	24	has	have	AUX
taxlaw-13768	188	25	been	be	AUX
taxlaw-13768	188	26	,	,	PUNCT
taxlaw-13768	188	27	a	a	DET
taxlaw-13768	188	28	cfc	cfc	NOUN
taxlaw-13768	188	29	.	.	PUNCT
taxlaw-13768	189	1	scanlon	scanlon	PROPN
taxlaw-13768	189	2	&	&	CCONJ
taxlaw-13768	189	3	madaj	madaj	PROPN
taxlaw-13768	189	4	,	,	PUNCT
taxlaw-13768	189	5	supra	supra	PROPN
taxlaw-13768	189	6	note	note	NOUN
taxlaw-13768	189	7	9	9	NUM
taxlaw-13768	189	8	,	,	PUNCT
taxlaw-13768	189	9	at	at	ADP
taxlaw-13768	189	10	268	268	NUM
taxlaw-13768	189	11	.	.	PUNCT
taxlaw-13768	190	1	whether	whether	SCONJ
taxlaw-13768	190	2	the	the	DET
taxlaw-13768	190	3	scope	scope	NOUN
taxlaw-13768	190	4	of	of	ADP
taxlaw-13768	190	5	section	section	NOUN
taxlaw-13768	190	6	367	367	NUM
taxlaw-13768	190	7	is	be	AUX
taxlaw-13768	190	8	or	or	CCONJ
taxlaw-13768	190	9	should	should	AUX
taxlaw-13768	190	10	be	be	AUX
taxlaw-13768	190	11	based	base	VERB
taxlaw-13768	190	12	on	on	ADP
taxlaw-13768	190	13	an	an	DET
taxlaw-13768	190	14	application	application	NOUN
taxlaw-13768	190	15	to	to	ADP
taxlaw-13768	190	16	u.s	u.s	PROPN
taxlaw-13768	190	17	.	.	PROPN
taxlaw-13768	190	18	shareholders	shareholder	NOUN
taxlaw-13768	190	19	vs.	vs.	ADP
taxlaw-13768	190	20	section	section	NOUN
taxlaw-13768	190	21	1248	1248	NUM
taxlaw-13768	190	22	shareholders	shareholder	NOUN
taxlaw-13768	190	23	can	can	AUX
taxlaw-13768	190	24	be	be	AUX
taxlaw-13768	190	25	debated	debate	VERB
taxlaw-13768	190	26	,	,	PUNCT
taxlaw-13768	190	27	as	as	SCONJ
taxlaw-13768	190	28	this	this	DET
taxlaw-13768	190	29	article	article	NOUN
taxlaw-13768	190	30	will	will	AUX
taxlaw-13768	190	31	explore	explore	VERB
taxlaw-13768	190	32	.	.	PUNCT
taxlaw-13768	191	1	170	170	NUM
taxlaw-13768	191	2	columbia	columbia	PROPN
taxlaw-13768	191	3	journal	journal	PROPN
taxlaw-13768	191	4	of	of	ADP
taxlaw-13768	191	5	tax	tax	NOUN
taxlaw-13768	191	6	law	law	NOUN
taxlaw-13768	191	7	[	[	X
taxlaw-13768	191	8	vol	vol	NOUN
taxlaw-13768	191	9	.	.	PUNCT
taxlaw-13768	192	1	16:2	16:2	NUM
taxlaw-13768	192	2	rather	rather	ADV
taxlaw-13768	192	3	than	than	ADP
taxlaw-13768	192	4	an	an	DET
taxlaw-13768	192	5	inclusion	inclusion	NOUN
taxlaw-13768	192	6	of	of	ADP
taxlaw-13768	192	7	an	an	DET
taxlaw-13768	192	8	all	all	DET
taxlaw-13768	192	9	e&p	e&p	PROPN
taxlaw-13768	192	10	amount.39	amount.39	VERB
taxlaw-13768	192	11	another	another	DET
taxlaw-13768	192	12	departure	departure	NOUN
taxlaw-13768	192	13	from	from	ADP
taxlaw-13768	192	14	the	the	DET
taxlaw-13768	192	15	general	general	ADJ
taxlaw-13768	192	16	rule	rule	NOUN
taxlaw-13768	192	17	was	be	AUX
taxlaw-13768	192	18	the	the	DET
taxlaw-13768	192	19	elimination	elimination	NOUN
taxlaw-13768	192	20	of	of	ADP
taxlaw-13768	192	21	the	the	DET
taxlaw-13768	192	22	implicit	implicit	ADJ
taxlaw-13768	192	23	rule	rule	NOUN
taxlaw-13768	192	24	permitting	permit	VERB
taxlaw-13768	192	25	taxpayers	taxpayer	NOUN
taxlaw-13768	192	26	to	to	PART
taxlaw-13768	192	27	elect	elect	VERB
taxlaw-13768	192	28	taxable	taxable	ADJ
taxlaw-13768	192	29	exchange	exchange	NOUN
taxlaw-13768	192	30	treatment	treatment	NOUN
taxlaw-13768	192	31	in	in	ADP
taxlaw-13768	192	32	lieu	lieu	NOUN
taxlaw-13768	192	33	of	of	ADP
taxlaw-13768	192	34	compliance	compliance	NOUN
taxlaw-13768	192	35	with	with	ADP
taxlaw-13768	192	36	the	the	DET
taxlaw-13768	192	37	regulations.40	regulations.40	NOUN
taxlaw-13768	192	38	the	the	DET
taxlaw-13768	192	39	proposed	propose	VERB
taxlaw-13768	192	40	regulations	regulation	NOUN
taxlaw-13768	192	41	instead	instead	ADV
taxlaw-13768	192	42	opted	opt	VERB
taxlaw-13768	192	43	for	for	ADP
taxlaw-13768	192	44	an	an	DET
taxlaw-13768	192	45	explicit	explicit	ADJ
taxlaw-13768	192	46	election	election	NOUN
taxlaw-13768	192	47	(	(	PUNCT
taxlaw-13768	192	48	a	a	DET
taxlaw-13768	192	49	“	"	PUNCT
taxlaw-13768	192	50	taxable	taxable	ADJ
taxlaw-13768	192	51	exchange	exchange	NOUN
taxlaw-13768	192	52	election	election	NOUN
taxlaw-13768	192	53	”	"	PUNCT
taxlaw-13768	192	54	)	)	PUNCT
taxlaw-13768	192	55	allowing	allow	VERB
taxlaw-13768	192	56	a	a	DET
taxlaw-13768	192	57	u.s	u.s	PROPN
taxlaw-13768	192	58	.	.	PROPN
taxlaw-13768	192	59	shareholder	shareholder	NOUN
taxlaw-13768	192	60	to	to	PART
taxlaw-13768	192	61	recognize	recognize	VERB
taxlaw-13768	192	62	gain	gain	NOUN
taxlaw-13768	192	63	(	(	PUNCT
taxlaw-13768	192	64	but	but	CCONJ
taxlaw-13768	192	65	not	not	PART
taxlaw-13768	192	66	loss	loss	NOUN
taxlaw-13768	192	67	)	)	PUNCT
taxlaw-13768	192	68	with	with	ADP
taxlaw-13768	192	69	respect	respect	NOUN
taxlaw-13768	192	70	to	to	ADP
taxlaw-13768	192	71	its	its	PRON
taxlaw-13768	192	72	stock	stock	NOUN
taxlaw-13768	192	73	in	in	ADP
taxlaw-13768	192	74	the	the	DET
taxlaw-13768	192	75	foreign	foreign	ADJ
taxlaw-13768	192	76	acquired	acquire	VERB
taxlaw-13768	192	77	corporation	corporation	NOUN
taxlaw-13768	192	78	(	(	PUNCT
taxlaw-13768	192	79	in	in	ADP
taxlaw-13768	192	80	lieu	lieu	NOUN
taxlaw-13768	192	81	of	of	ADP
taxlaw-13768	192	82	including	include	VERB
taxlaw-13768	192	83	the	the	DET
taxlaw-13768	192	84	all	all	DET
taxlaw-13768	192	85	e&p	e&p	PROPN
taxlaw-13768	192	86	amount	amount	NOUN
taxlaw-13768	192	87	in	in	ADP
taxlaw-13768	192	88	gross	gross	ADJ
taxlaw-13768	192	89	income).41	income).41	NOUN
taxlaw-13768	192	90	where	where	SCONJ
taxlaw-13768	192	91	a	a	DET
taxlaw-13768	192	92	u.s	u.s	PROPN
taxlaw-13768	192	93	.	.	PROPN
taxlaw-13768	192	94	shareholder	shareholder	NOUN
taxlaw-13768	192	95	made	make	VERB
taxlaw-13768	192	96	such	such	DET
taxlaw-13768	192	97	a	a	DET
taxlaw-13768	192	98	taxable	taxable	ADJ
taxlaw-13768	192	99	exchange	exchange	NOUN
taxlaw-13768	192	100	election	election	NOUN
taxlaw-13768	192	101	,	,	PUNCT
taxlaw-13768	192	102	the	the	DET
taxlaw-13768	192	103	domestic	domestic	ADJ
taxlaw-13768	192	104	acquiring	acquire	VERB
taxlaw-13768	192	105	corporation	corporation	NOUN
taxlaw-13768	192	106	was	be	AUX
taxlaw-13768	192	107	required	require	VERB
taxlaw-13768	192	108	to	to	PART
taxlaw-13768	192	109	reduce	reduce	VERB
taxlaw-13768	192	110	the	the	DET
taxlaw-13768	192	111	attributes	attribute	NOUN
taxlaw-13768	192	112	of	of	ADP
taxlaw-13768	192	113	the	the	DET
taxlaw-13768	192	114	foreign	foreign	ADJ
taxlaw-13768	192	115	acquired	acquire	VERB
taxlaw-13768	192	116	corporation	corporation	NOUN
taxlaw-13768	192	117	to	to	PART
taxlaw-13768	192	118	which	which	PRON
taxlaw-13768	192	119	the	the	DET
taxlaw-13768	192	120	domestic	domestic	ADJ
taxlaw-13768	192	121	acquiring	acquire	VERB
taxlaw-13768	192	122	corporation	corporation	NOUN
taxlaw-13768	192	123	would	would	AUX
taxlaw-13768	192	124	otherwise	otherwise	ADV
taxlaw-13768	192	125	succeed	succeed	VERB
taxlaw-13768	192	126	to	to	ADP
taxlaw-13768	192	127	the	the	DET
taxlaw-13768	192	128	extent	extent	NOUN
taxlaw-13768	192	129	the	the	DET
taxlaw-13768	192	130	all	all	DET
taxlaw-13768	192	131	e&p	e&p	PROPN
taxlaw-13768	192	132	amount	amount	NOUN
taxlaw-13768	192	133	exceeded	exceed	VERB
taxlaw-13768	192	134	the	the	DET
taxlaw-13768	192	135	gain	gain	NOUN
taxlaw-13768	192	136	recognized.42	recognized.42	NOUN
taxlaw-13768	192	137	2	2	NUM
taxlaw-13768	192	138	.	.	PUNCT
taxlaw-13768	193	1	the	the	DET
taxlaw-13768	193	2	distortion	distortion	NOUN
taxlaw-13768	193	3	principle	principle	NOUN
taxlaw-13768	193	4	like	like	ADP
taxlaw-13768	193	5	its	its	PRON
taxlaw-13768	193	6	predecessors	predecessor	NOUN
taxlaw-13768	193	7	,	,	PUNCT
taxlaw-13768	193	8	the	the	DET
taxlaw-13768	193	9	1991	1991	NUM
taxlaw-13768	193	10	proposed	propose	VERB
taxlaw-13768	193	11	regulations	regulation	NOUN
taxlaw-13768	193	12	illustrate	illustrate	VERB
taxlaw-13768	193	13	a	a	DET
taxlaw-13768	193	14	concern	concern	NOUN
taxlaw-13768	193	15	with	with	ADP
taxlaw-13768	193	16	preserving	preserve	VERB
taxlaw-13768	193	17	the	the	DET
taxlaw-13768	193	18	application	application	NOUN
taxlaw-13768	193	19	of	of	ADP
taxlaw-13768	193	20	section	section	NOUN
taxlaw-13768	193	21	1248	1248	NUM
taxlaw-13768	193	22	.	.	PUNCT
taxlaw-13768	194	1	in	in	ADP
taxlaw-13768	194	2	the	the	DET
taxlaw-13768	194	3	preamble	preamble	NOUN
taxlaw-13768	194	4	,	,	PUNCT
taxlaw-13768	194	5	treasury	treasury	PROPN
taxlaw-13768	194	6	noted	note	VERB
taxlaw-13768	194	7	this	this	PRON
taxlaw-13768	194	8	as	as	ADP
taxlaw-13768	194	9	part	part	NOUN
taxlaw-13768	194	10	of	of	ADP
taxlaw-13768	194	11	a	a	DET
taxlaw-13768	194	12	larger	large	ADJ
taxlaw-13768	194	13	concern	concern	NOUN
taxlaw-13768	194	14	with	with	ADP
taxlaw-13768	194	15	distortions	distortion	NOUN
taxlaw-13768	194	16	of	of	ADP
taxlaw-13768	194	17	income	income	NOUN
taxlaw-13768	194	18	.	.	PUNCT
taxlaw-13768	195	1	the	the	DET
taxlaw-13768	195	2	preamble	preamble	NOUN
taxlaw-13768	195	3	to	to	ADP
taxlaw-13768	195	4	the	the	DET
taxlaw-13768	195	5	1991	1991	NUM
taxlaw-13768	195	6	proposed	propose	VERB
taxlaw-13768	195	7	regulations	regulation	NOUN
taxlaw-13768	195	8	explained	explain	VERB
taxlaw-13768	195	9	the	the	DET
taxlaw-13768	195	10	distortion	distortion	NOUN
taxlaw-13768	195	11	principle	principle	NOUN
taxlaw-13768	195	12	as	as	SCONJ
taxlaw-13768	195	13	follows	follow	VERB
taxlaw-13768	195	14	:	:	PUNCT
taxlaw-13768	195	15	another	another	DET
taxlaw-13768	195	16	objective	objective	NOUN
taxlaw-13768	195	17	of	of	ADP
taxlaw-13768	195	18	the	the	DET
taxlaw-13768	195	19	regulations	regulation	NOUN
taxlaw-13768	195	20	under	under	ADP
taxlaw-13768	195	21	section	section	NOUN
taxlaw-13768	195	22	367(b	367(b	PROPN
taxlaw-13768	195	23	)	)	PUNCT
taxlaw-13768	195	24	is	be	AUX
taxlaw-13768	195	25	to	to	PART
taxlaw-13768	195	26	prevent	prevent	VERB
taxlaw-13768	195	27	the	the	DET
taxlaw-13768	195	28	occurrence	occurrence	NOUN
taxlaw-13768	195	29	of	of	ADP
taxlaw-13768	195	30	a	a	DET
taxlaw-13768	195	31	material	material	ADJ
taxlaw-13768	195	32	distortion	distortion	NOUN
taxlaw-13768	195	33	in	in	ADP
taxlaw-13768	195	34	income	income	NOUN
taxlaw-13768	195	35	.	.	PUNCT
taxlaw-13768	196	1	for	for	ADP
taxlaw-13768	196	2	this	this	DET
taxlaw-13768	196	3	purpose	purpose	NOUN
taxlaw-13768	196	4	,	,	PUNCT
taxlaw-13768	196	5	a	a	DET
taxlaw-13768	196	6	material	material	ADJ
taxlaw-13768	196	7	distortion	distortion	NOUN
taxlaw-13768	196	8	in	in	ADP
taxlaw-13768	196	9	income	income	NOUN
taxlaw-13768	196	10	includes	include	VERB
taxlaw-13768	196	11	a	a	DET
taxlaw-13768	196	12	distortion	distortion	NOUN
taxlaw-13768	196	13	relating	relate	VERB
taxlaw-13768	196	14	to	to	ADP
taxlaw-13768	196	15	the	the	DET
taxlaw-13768	196	16	source	source	NOUN
taxlaw-13768	196	17	,	,	PUNCT
taxlaw-13768	196	18	character	character	NOUN
taxlaw-13768	196	19	,	,	PUNCT
taxlaw-13768	196	20	amount	amount	NOUN
taxlaw-13768	196	21	or	or	CCONJ
taxlaw-13768	196	22	timing	timing	NOUN
taxlaw-13768	196	23	of	of	ADP
taxlaw-13768	196	24	any	any	DET
taxlaw-13768	196	25	item	item	NOUN
taxlaw-13768	196	26	,	,	PUNCT
taxlaw-13768	196	27	if	if	SCONJ
taxlaw-13768	196	28	such	such	ADJ
taxlaw-13768	196	29	distortion	distortion	NOUN
taxlaw-13768	196	30	may	may	AUX
taxlaw-13768	196	31	materially	materially	ADV
taxlaw-13768	196	32	affect	affect	VERB
taxlaw-13768	196	33	the	the	DET
taxlaw-13768	196	34	united	united	PROPN
taxlaw-13768	196	35	states	states	PROPN
taxlaw-13768	196	36	tax	tax	NOUN
taxlaw-13768	196	37	liability	liability	NOUN
taxlaw-13768	196	38	of	of	ADP
taxlaw-13768	196	39	any	any	DET
taxlaw-13768	196	40	person	person	NOUN
taxlaw-13768	196	41	for	for	ADP
taxlaw-13768	196	42	any	any	DET
taxlaw-13768	196	43	year	year	NOUN
taxlaw-13768	196	44	.	.	PUNCT
taxlaw-13768	197	1	thus	thus	ADV
taxlaw-13768	197	2	,	,	PUNCT
taxlaw-13768	197	3	for	for	ADP
taxlaw-13768	197	4	example	example	NOUN
taxlaw-13768	197	5	,	,	PUNCT
taxlaw-13768	197	6	the	the	DET
taxlaw-13768	197	7	regulations	regulation	NOUN
taxlaw-13768	197	8	generally	generally	ADV
taxlaw-13768	197	9	operate	operate	VERB
taxlaw-13768	197	10	to	to	PART
taxlaw-13768	197	11	prevent	prevent	VERB
taxlaw-13768	197	12	the	the	DET
taxlaw-13768	197	13	avoidance	avoidance	NOUN
taxlaw-13768	197	14	of	of	ADP
taxlaw-13768	197	15	provisions	provision	NOUN
taxlaw-13768	197	16	such	such	ADJ
taxlaw-13768	197	17	as	as	ADP
taxlaw-13768	197	18	section	section	NOUN
taxlaw-13768	197	19	1248	1248	NUM
taxlaw-13768	197	20	(	(	PUNCT
taxlaw-13768	197	21	which	which	PRON
taxlaw-13768	197	22	requires	require	VERB
taxlaw-13768	197	23	inclusion	inclusion	NOUN
taxlaw-13768	197	24	of	of	ADP
taxlaw-13768	197	25	certain	certain	ADJ
taxlaw-13768	197	26	gain	gain	NOUN
taxlaw-13768	197	27	on	on	ADP
taxlaw-13768	197	28	the	the	DET
taxlaw-13768	197	29	disposition	disposition	NOUN
taxlaw-13768	197	30	of	of	ADP
taxlaw-13768	197	31	stock	stock	NOUN
taxlaw-13768	197	32	as	as	ADP
taxlaw-13768	197	33	a	a	DET
taxlaw-13768	197	34	dividend	dividend	NOUN
taxlaw-13768	197	35	)	)	PUNCT
taxlaw-13768	197	36	.	.	PUNCT
taxlaw-13768	198	1	for	for	ADP
taxlaw-13768	198	2	this	this	DET
taxlaw-13768	198	3	purpose	purpose	NOUN
taxlaw-13768	198	4	,	,	PUNCT
taxlaw-13768	198	5	the	the	DET
taxlaw-13768	198	6	concept	concept	NOUN
taxlaw-13768	198	7	of	of	ADP
taxlaw-13768	198	8	‘	'	PUNCT
taxlaw-13768	198	9	avoidance	avoidance	NOUN
taxlaw-13768	198	10	’	'	PUNCT
taxlaw-13768	198	11	includes	include	VERB
taxlaw-13768	198	12	a	a	DET
taxlaw-13768	198	13	transaction	transaction	NOUN
taxlaw-13768	198	14	that	that	PRON
taxlaw-13768	198	15	results	result	VERB
taxlaw-13768	198	16	in	in	ADP
taxlaw-13768	198	17	a	a	DET
taxlaw-13768	198	18	material	material	ADJ
taxlaw-13768	198	19	distortion	distortion	NOUN
taxlaw-13768	198	20	in	in	ADP
taxlaw-13768	198	21	income	income	NOUN
taxlaw-13768	198	22	even	even	ADV
taxlaw-13768	198	23	if	if	SCONJ
taxlaw-13768	198	24	such	such	ADJ
taxlaw-13768	198	25	distortion	distortion	NOUN
taxlaw-13768	198	26	was	be	AUX
taxlaw-13768	198	27	not	not	PART
taxlaw-13768	198	28	a	a	DET
taxlaw-13768	198	29	purpose	purpose	NOUN
taxlaw-13768	198	30	of	of	ADP
taxlaw-13768	198	31	the	the	DET
taxlaw-13768	198	32	transaction.43	transaction.43	NOUN
taxlaw-13768	198	33	as	as	SCONJ
taxlaw-13768	198	34	discussed	discuss	VERB
taxlaw-13768	198	35	below	below	ADV
taxlaw-13768	198	36	,	,	PUNCT
taxlaw-13768	198	37	this	this	DET
taxlaw-13768	198	38	statement	statement	NOUN
taxlaw-13768	198	39	is	be	AUX
taxlaw-13768	198	40	important	important	ADJ
taxlaw-13768	198	41	in	in	ADP
taxlaw-13768	198	42	light	light	NOUN
taxlaw-13768	198	43	of	of	ADP
taxlaw-13768	198	44	what	what	PRON
taxlaw-13768	198	45	is	be	AUX
taxlaw-13768	198	46	and	and	CCONJ
taxlaw-13768	198	47	is	be	AUX
taxlaw-13768	198	48	not	not	PART
taxlaw-13768	198	49	considered	consider	VERB
taxlaw-13768	198	50	to	to	PART
taxlaw-13768	198	51	be	be	AUX
taxlaw-13768	198	52	a	a	DET
taxlaw-13768	198	53	“	"	PUNCT
taxlaw-13768	198	54	material	material	ADJ
taxlaw-13768	198	55	distortion	distortion	NOUN
taxlaw-13768	198	56	”	"	PUNCT
taxlaw-13768	198	57	under	under	ADP
taxlaw-13768	198	58	the	the	DET
taxlaw-13768	198	59	proposed	propose	VERB
taxlaw-13768	198	60	regulations	regulation	NOUN
taxlaw-13768	198	61	.	.	PUNCT
taxlaw-13768	199	1	c.	c.	PROPN
taxlaw-13768	199	2	2000	2000	NUM
taxlaw-13768	199	3	final	final	ADJ
taxlaw-13768	199	4	regulations	regulation	NOUN
taxlaw-13768	199	5	the	the	DET
taxlaw-13768	199	6	1991	1991	NUM
taxlaw-13768	199	7	proposed	propose	VERB
taxlaw-13768	199	8	regulations	regulation	NOUN
taxlaw-13768	199	9	were	be	AUX
taxlaw-13768	199	10	finalized	finalize	VERB
taxlaw-13768	199	11	in	in	ADP
taxlaw-13768	199	12	2000	2000	NUM
taxlaw-13768	199	13	with	with	ADP
taxlaw-13768	199	14	substantial	substantial	ADJ
taxlaw-13768	199	15	modifications	modification	NOUN
taxlaw-13768	199	16	“	"	PUNCT
taxlaw-13768	199	17	based	base	VERB
taxlaw-13768	199	18	[	[	PUNCT
taxlaw-13768	199	19	on	on	ADP
taxlaw-13768	199	20	]	]	PUNCT
taxlaw-13768	199	21	considerations	consideration	NOUN
taxlaw-13768	199	22	of	of	ADP
taxlaw-13768	199	23	fairness	fairness	NOUN
taxlaw-13768	199	24	,	,	PUNCT
taxlaw-13768	199	25	simplicity	simplicity	NOUN
taxlaw-13768	199	26	,	,	PUNCT
taxlaw-13768	199	27	and	and	CCONJ
taxlaw-13768	199	28	39	39	NUM
taxlaw-13768	199	29	1991	1991	NUM
taxlaw-13768	199	30	proposed	propose	VERB
taxlaw-13768	199	31	regulations	regulation	NOUN
taxlaw-13768	199	32	,	,	PUNCT
taxlaw-13768	199	33	56	56	NUM
taxlaw-13768	199	34	fed	feed	VERB
taxlaw-13768	199	35	.	.	PUNCT
taxlaw-13768	200	1	reg	reg	PROPN
taxlaw-13768	200	2	.	.	PUNCT
taxlaw-13768	201	1	41993	41993	NUM
taxlaw-13768	201	2	,	,	PUNCT
taxlaw-13768	201	3	41997	41997	NUM
taxlaw-13768	201	4	(	(	PUNCT
taxlaw-13768	201	5	aug	aug	PROPN
taxlaw-13768	201	6	.	.	PROPN
taxlaw-13768	201	7	26	26	NUM
taxlaw-13768	201	8	,	,	PUNCT
taxlaw-13768	201	9	1991	1991	NUM
taxlaw-13768	201	10	)	)	PUNCT
taxlaw-13768	201	11	.	.	PUNCT
taxlaw-13768	202	1	the	the	DET
taxlaw-13768	202	2	preamble	preamble	NOUN
taxlaw-13768	202	3	does	do	AUX
taxlaw-13768	202	4	not	not	PART
taxlaw-13768	202	5	explain	explain	VERB
taxlaw-13768	202	6	what	what	PRON
taxlaw-13768	202	7	led	lead	VERB
taxlaw-13768	202	8	treasury	treasury	NOUN
taxlaw-13768	202	9	and	and	CCONJ
taxlaw-13768	202	10	the	the	DET
taxlaw-13768	202	11	irs	irs	PROPN
taxlaw-13768	202	12	to	to	PART
taxlaw-13768	202	13	abandon	abandon	VERB
taxlaw-13768	202	14	the	the	DET
taxlaw-13768	202	15	nonrecognition	nonrecognition	NOUN
taxlaw-13768	202	16	approach	approach	NOUN
taxlaw-13768	202	17	for	for	ADP
taxlaw-13768	202	18	small	small	ADJ
taxlaw-13768	202	19	shareholders	shareholder	NOUN
taxlaw-13768	202	20	taken	take	VERB
taxlaw-13768	202	21	in	in	ADP
taxlaw-13768	202	22	the	the	DET
taxlaw-13768	202	23	revenue	revenue	NOUN
taxlaw-13768	202	24	procedure	procedure	NOUN
taxlaw-13768	202	25	guidelines	guideline	NOUN
taxlaw-13768	202	26	and	and	CCONJ
taxlaw-13768	202	27	the	the	DET
taxlaw-13768	202	28	1977	1977	NUM
taxlaw-13768	202	29	temporary	temporary	ADJ
taxlaw-13768	202	30	regulations	regulation	NOUN
taxlaw-13768	202	31	.	.	PUNCT
taxlaw-13768	203	1	40	40	NUM
taxlaw-13768	204	1	i	i	PRON
taxlaw-13768	204	2	d.	d.	PROPN
taxlaw-13768	204	3	at	at	ADP
taxlaw-13768	204	4	41996	41996	NUM
taxlaw-13768	204	5	(	(	PUNCT
taxlaw-13768	204	6	“	"	PUNCT
taxlaw-13768	204	7	[	[	X
taxlaw-13768	204	8	u]nder	u]nder	ADP
taxlaw-13768	204	9	the	the	DET
taxlaw-13768	204	10	new	new	ADJ
taxlaw-13768	204	11	regulations	regulation	NOUN
taxlaw-13768	204	12	the	the	DET
taxlaw-13768	204	13	taxpayer	taxpayer	NOUN
taxlaw-13768	204	14	never	never	ADV
taxlaw-13768	204	15	has	have	VERB
taxlaw-13768	204	16	the	the	DET
taxlaw-13768	204	17	right	right	NOUN
taxlaw-13768	204	18	to	to	PART
taxlaw-13768	204	19	fail	fail	VERB
taxlaw-13768	204	20	to	to	PART
taxlaw-13768	204	21	comply	comply	VERB
taxlaw-13768	204	22	with	with	ADP
taxlaw-13768	204	23	the	the	DET
taxlaw-13768	204	24	regulations	regulation	NOUN
taxlaw-13768	204	25	.	.	PUNCT
taxlaw-13768	204	26	”	"	PUNCT
taxlaw-13768	204	27	)	)	PUNCT
taxlaw-13768	204	28	.	.	PUNCT
taxlaw-13768	205	1	41	41	NUM
taxlaw-13768	205	2	prop	prop	NOUN
taxlaw-13768	205	3	.	.	PUNCT
taxlaw-13768	206	1	treas	treas	PROPN
taxlaw-13768	206	2	.	.	PUNCT
taxlaw-13768	207	1	reg	reg	PROPN
taxlaw-13768	207	2	.	.	PUNCT
taxlaw-13768	208	1	§	§	PROPN
taxlaw-13768	208	2	1.367(b)-3(b)(2)(iii)(a	1.367(b)-3(b)(2)(iii)(a	NUM
taxlaw-13768	208	3	)	)	PUNCT
taxlaw-13768	208	4	(	(	PUNCT
taxlaw-13768	208	5	1991	1991	NUM
taxlaw-13768	208	6	)	)	PUNCT
taxlaw-13768	208	7	.	.	PUNCT
taxlaw-13768	209	1	42	42	NUM
taxlaw-13768	210	1	i	i	PRON
taxlaw-13768	210	2	d.	d.	PROPN
taxlaw-13768	210	3	43	43	NUM
taxlaw-13768	210	4	1991	1991	NUM
taxlaw-13768	210	5	proposed	propose	VERB
taxlaw-13768	210	6	regulations	regulation	NOUN
taxlaw-13768	210	7	,	,	PUNCT
taxlaw-13768	210	8	56	56	NUM
taxlaw-13768	210	9	fed	feed	VERB
taxlaw-13768	210	10	.	.	PUNCT
taxlaw-13768	211	1	reg	reg	PROPN
taxlaw-13768	211	2	.	.	PUNCT
taxlaw-13768	212	1	41993	41993	NUM
taxlaw-13768	212	2	,	,	PUNCT
taxlaw-13768	212	3	41995	41995	NUM
taxlaw-13768	212	4	(	(	PUNCT
taxlaw-13768	212	5	aug	aug	PROPN
taxlaw-13768	212	6	.	.	PROPN
taxlaw-13768	212	7	26	26	NUM
taxlaw-13768	212	8	,	,	PUNCT
taxlaw-13768	212	9	1991	1991	NUM
taxlaw-13768	212	10	)	)	PUNCT
taxlaw-13768	212	11	.	.	PUNCT
taxlaw-13768	213	1	2025	2025	NUM
taxlaw-13768	213	2	]	]	PUNCT
taxlaw-13768	213	3	reflections	reflection	NOUN
taxlaw-13768	213	4	on	on	ADP
taxlaw-13768	213	5	367(b	367(b	PROPN
taxlaw-13768	213	6	)	)	PUNCT
taxlaw-13768	213	7	regulations	regulation	NOUN
taxlaw-13768	213	8	and	and	CCONJ
taxlaw-13768	213	9	inbound	inbound	ADJ
taxlaw-13768	213	10	transactions	transaction	NOUN
taxlaw-13768	213	11	171	171	NUM
taxlaw-13768	213	12	administrability	administrability	NOUN
taxlaw-13768	213	13	.	.	PUNCT
taxlaw-13768	214	1	”44	”44	PROPN
taxlaw-13768	214	2	first	first	ADV
taxlaw-13768	214	3	,	,	PUNCT
taxlaw-13768	214	4	the	the	DET
taxlaw-13768	214	5	2000	2000	NUM
taxlaw-13768	214	6	final	final	ADJ
taxlaw-13768	214	7	regulations	regulation	NOUN
taxlaw-13768	214	8	did	do	AUX
taxlaw-13768	214	9	not	not	PART
taxlaw-13768	214	10	adopt	adopt	VERB
taxlaw-13768	214	11	the	the	DET
taxlaw-13768	214	12	taxable	taxable	ADJ
taxlaw-13768	214	13	exchange	exchange	NOUN
taxlaw-13768	214	14	election	election	NOUN
taxlaw-13768	214	15	with	with	ADP
taxlaw-13768	214	16	its	its	PRON
taxlaw-13768	214	17	attendant	attendant	ADJ
taxlaw-13768	214	18	basis	basis	NOUN
taxlaw-13768	214	19	reduction	reduction	NOUN
taxlaw-13768	214	20	,	,	PUNCT
taxlaw-13768	214	21	noting	note	VERB
taxlaw-13768	214	22	administration	administration	NOUN
taxlaw-13768	214	23	and	and	CCONJ
taxlaw-13768	214	24	fairness	fairness	NOUN
taxlaw-13768	214	25	concerns	concern	NOUN
taxlaw-13768	214	26	as	as	ADP
taxlaw-13768	214	27	reasons	reason	NOUN
taxlaw-13768	214	28	for	for	ADP
taxlaw-13768	214	29	the	the	DET
taxlaw-13768	214	30	rejection.45	rejection.45	PROPN
taxlaw-13768	214	31	second	second	NOUN
taxlaw-13768	214	32	,	,	PUNCT
taxlaw-13768	214	33	the	the	DET
taxlaw-13768	214	34	2000	2000	NUM
taxlaw-13768	214	35	final	final	ADJ
taxlaw-13768	214	36	regulations	regulation	NOUN
taxlaw-13768	214	37	allow	allow	VERB
taxlaw-13768	214	38	small	small	ADJ
taxlaw-13768	214	39	shareholders	shareholder	NOUN
taxlaw-13768	214	40	to	to	PART
taxlaw-13768	214	41	make	make	VERB
taxlaw-13768	214	42	an	an	DET
taxlaw-13768	214	43	election	election	NOUN
taxlaw-13768	214	44	to	to	PART
taxlaw-13768	214	45	include	include	VERB
taxlaw-13768	214	46	their	their	PRON
taxlaw-13768	214	47	all	all	DET
taxlaw-13768	214	48	e&p	e&p	PROPN
taxlaw-13768	214	49	amount	amount	NOUN
taxlaw-13768	214	50	,	,	PUNCT
taxlaw-13768	214	51	but	but	CCONJ
taxlaw-13768	214	52	only	only	ADV
taxlaw-13768	214	53	if	if	SCONJ
taxlaw-13768	214	54	the	the	DET
taxlaw-13768	214	55	foreign	foreign	ADJ
taxlaw-13768	214	56	acquired	acquire	VERB
taxlaw-13768	214	57	corporation	corporation	NOUN
taxlaw-13768	214	58	furnishes	furnish	VERB
taxlaw-13768	214	59	such	such	ADJ
taxlaw-13768	214	60	shareholders	shareholder	NOUN
taxlaw-13768	214	61	adequate	adequate	ADJ
taxlaw-13768	214	62	information	information	NOUN
taxlaw-13768	214	63	to	to	PART
taxlaw-13768	214	64	compute	compute	VERB
taxlaw-13768	214	65	that	that	DET
taxlaw-13768	214	66	amount.46	amount.46	PROPN
taxlaw-13768	214	67	the	the	DET
taxlaw-13768	214	68	2000	2000	NUM
taxlaw-13768	214	69	final	final	ADJ
taxlaw-13768	214	70	regulations	regulation	NOUN
taxlaw-13768	214	71	generally	generally	ADV
taxlaw-13768	214	72	retained	retain	VERB
taxlaw-13768	214	73	the	the	DET
taxlaw-13768	214	74	1991	1991	NUM
taxlaw-13768	214	75	proposed	propose	VERB
taxlaw-13768	214	76	regulation	regulation	NOUN
taxlaw-13768	214	77	definition	definition	NOUN
taxlaw-13768	214	78	of	of	ADP
taxlaw-13768	214	79	the	the	DET
taxlaw-13768	214	80	all	all	DET
taxlaw-13768	214	81	e&p	e&p	PROPN
taxlaw-13768	214	82	amount47	amount47	NOUN
taxlaw-13768	214	83	and	and	CCONJ
taxlaw-13768	214	84	the	the	DET
taxlaw-13768	214	85	requirement	requirement	NOUN
taxlaw-13768	214	86	that	that	SCONJ
taxlaw-13768	214	87	all	all	PRON
taxlaw-13768	214	88	44	44	NUM
taxlaw-13768	214	89	2000	2000	NUM
taxlaw-13768	214	90	final	final	ADJ
taxlaw-13768	214	91	regulations	regulation	NOUN
taxlaw-13768	214	92	,	,	PUNCT
taxlaw-13768	214	93	65	65	NUM
taxlaw-13768	214	94	fed	feed	VERB
taxlaw-13768	214	95	.	.	PUNCT
taxlaw-13768	215	1	reg	reg	PROPN
taxlaw-13768	215	2	.	.	PUNCT
taxlaw-13768	216	1	3589	3589	NUM
taxlaw-13768	216	2	,	,	PUNCT
taxlaw-13768	216	3	3590	3590	NUM
taxlaw-13768	216	4	(	(	PUNCT
taxlaw-13768	216	5	jan	jan	PROPN
taxlaw-13768	216	6	.	.	PROPN
taxlaw-13768	216	7	24	24	NUM
taxlaw-13768	216	8	,	,	PUNCT
taxlaw-13768	216	9	2000	2000	NUM
taxlaw-13768	216	10	)	)	PUNCT
taxlaw-13768	216	11	.	.	PUNCT
taxlaw-13768	217	1	45	45	NUM
taxlaw-13768	218	1	i	i	PRON
taxlaw-13768	218	2	d.	d.	PROPN
taxlaw-13768	218	3	at	at	ADP
taxlaw-13768	218	4	3592	3592	NUM
taxlaw-13768	218	5	.	.	PUNCT
taxlaw-13768	219	1	the	the	DET
taxlaw-13768	219	2	preamble	preamble	NOUN
taxlaw-13768	219	3	provided	provide	VERB
taxlaw-13768	219	4	the	the	DET
taxlaw-13768	219	5	following	follow	VERB
taxlaw-13768	219	6	example	example	NOUN
taxlaw-13768	219	7	highlighting	highlight	VERB
taxlaw-13768	219	8	the	the	DET
taxlaw-13768	219	9	unfairness	unfairness	NOUN
taxlaw-13768	219	10	of	of	ADP
taxlaw-13768	219	11	the	the	DET
taxlaw-13768	219	12	taxable	taxable	ADJ
taxlaw-13768	219	13	exchange	exchange	NOUN
taxlaw-13768	219	14	election	election	NOUN
taxlaw-13768	219	15	:	:	PUNCT
taxlaw-13768	219	16	for	for	ADP
taxlaw-13768	219	17	example	example	NOUN
taxlaw-13768	219	18	,	,	PUNCT
taxlaw-13768	219	19	consider	consider	VERB
taxlaw-13768	219	20	an	an	DET
taxlaw-13768	219	21	inbound	inbound	NOUN
taxlaw-13768	219	22	c	c	NOUN
taxlaw-13768	219	23	,	,	PUNCT
taxlaw-13768	219	24	d	d	NOUN
taxlaw-13768	219	25	,	,	PUNCT
taxlaw-13768	219	26	or	or	CCONJ
taxlaw-13768	219	27	f	f	PROPN
taxlaw-13768	219	28	reorganization	reorganization	NOUN
taxlaw-13768	219	29	involving	involve	VERB
taxlaw-13768	219	30	two	two	NUM
taxlaw-13768	219	31	u.s	u.s	PROPN
taxlaw-13768	219	32	.	.	PROPN
taxlaw-13768	219	33	shareholders	shareholder	NOUN
taxlaw-13768	219	34	of	of	ADP
taxlaw-13768	219	35	the	the	DET
taxlaw-13768	219	36	foreign	foreign	ADJ
taxlaw-13768	219	37	acquired	acquire	VERB
taxlaw-13768	219	38	corporation	corporation	NOUN
taxlaw-13768	219	39	,	,	PUNCT
taxlaw-13768	219	40	one	one	NUM
taxlaw-13768	219	41	that	that	PRON
taxlaw-13768	219	42	makes	make	VERB
taxlaw-13768	219	43	the	the	DET
taxlaw-13768	219	44	taxable	taxable	ADJ
taxlaw-13768	219	45	exchange	exchange	NOUN
taxlaw-13768	219	46	election	election	NOUN
taxlaw-13768	219	47	(	(	PUNCT
taxlaw-13768	219	48	because	because	SCONJ
taxlaw-13768	219	49	its	its	PRON
taxlaw-13768	219	50	gain	gain	NOUN
taxlaw-13768	219	51	on	on	ADP
taxlaw-13768	219	52	the	the	DET
taxlaw-13768	219	53	stock	stock	NOUN
taxlaw-13768	219	54	is	be	AUX
taxlaw-13768	219	55	less	less	ADJ
taxlaw-13768	219	56	than	than	ADP
taxlaw-13768	219	57	its	its	PRON
taxlaw-13768	219	58	all	all	DET
taxlaw-13768	219	59	earnings	earning	NOUN
taxlaw-13768	219	60	and	and	CCONJ
taxlaw-13768	219	61	profits	profit	NOUN
taxlaw-13768	219	62	amount	amount	NOUN
taxlaw-13768	219	63	)	)	PUNCT
taxlaw-13768	219	64	and	and	CCONJ
taxlaw-13768	219	65	one	one	NUM
taxlaw-13768	219	66	that	that	PRON
taxlaw-13768	219	67	does	do	VERB
taxlaw-13768	219	68	not	not	PART
taxlaw-13768	219	69	.	.	PUNCT
taxlaw-13768	220	1	in	in	ADP
taxlaw-13768	220	2	connection	connection	NOUN
taxlaw-13768	220	3	with	with	ADP
taxlaw-13768	220	4	the	the	DET
taxlaw-13768	220	5	electing	elect	VERB
taxlaw-13768	220	6	shareholder	shareholder	NOUN
taxlaw-13768	220	7	’s	’s	PART
taxlaw-13768	220	8	taxable	taxable	ADJ
taxlaw-13768	220	9	exchange	exchange	NOUN
taxlaw-13768	220	10	election	election	NOUN
taxlaw-13768	220	11	,	,	PUNCT
taxlaw-13768	220	12	the	the	DET
taxlaw-13768	220	13	1991	1991	NUM
taxlaw-13768	220	14	proposed	propose	VERB
taxlaw-13768	220	15	regulations	regulation	NOUN
taxlaw-13768	220	16	required	require	VERB
taxlaw-13768	220	17	a	a	DET
taxlaw-13768	220	18	proportionate	proportionate	ADJ
taxlaw-13768	220	19	reduction	reduction	NOUN
taxlaw-13768	220	20	in	in	ADP
taxlaw-13768	220	21	certain	certain	ADJ
taxlaw-13768	220	22	tax	tax	NOUN
taxlaw-13768	220	23	attributes	attribute	NOUN
taxlaw-13768	220	24	of	of	ADP
taxlaw-13768	220	25	the	the	DET
taxlaw-13768	220	26	foreign	foreign	ADJ
taxlaw-13768	220	27	acquired	acquire	VERB
taxlaw-13768	220	28	corporation	corporation	NOUN
taxlaw-13768	220	29	.	.	PUNCT
taxlaw-13768	221	1	this	this	DET
taxlaw-13768	221	2	reduction	reduction	NOUN
taxlaw-13768	221	3	effectively	effectively	ADV
taxlaw-13768	221	4	allowed	allow	VERB
taxlaw-13768	221	5	the	the	DET
taxlaw-13768	221	6	electing	elect	VERB
taxlaw-13768	221	7	shareholder	shareholder	NOUN
taxlaw-13768	221	8	to	to	PART
taxlaw-13768	221	9	transfer	transfer	VERB
taxlaw-13768	221	10	to	to	ADP
taxlaw-13768	221	11	the	the	DET
taxlaw-13768	221	12	acquiring	acquire	VERB
taxlaw-13768	221	13	corporation	corporation	NOUN
taxlaw-13768	221	14	the	the	DET
taxlaw-13768	221	15	burden	burden	NOUN
taxlaw-13768	221	16	created	create	VERB
taxlaw-13768	221	17	by	by	ADP
taxlaw-13768	221	18	its	its	PRON
taxlaw-13768	221	19	decision	decision	NOUN
taxlaw-13768	221	20	not	not	PART
taxlaw-13768	221	21	to	to	PART
taxlaw-13768	221	22	include	include	VERB
taxlaw-13768	221	23	in	in	ADP
taxlaw-13768	221	24	income	income	NOUN
taxlaw-13768	221	25	its	its	PRON
taxlaw-13768	221	26	full	full	ADJ
taxlaw-13768	221	27	all	all	DET
taxlaw-13768	221	28	earnings	earning	NOUN
taxlaw-13768	221	29	and	and	CCONJ
taxlaw-13768	221	30	profits	profit	NOUN
taxlaw-13768	221	31	amount	amount	NOUN
taxlaw-13768	221	32	and	and	CCONJ
taxlaw-13768	221	33	,	,	PUNCT
taxlaw-13768	221	34	thereby	thereby	ADV
taxlaw-13768	221	35	,	,	PUNCT
taxlaw-13768	221	36	to	to	PART
taxlaw-13768	221	37	effectively	effectively	ADV
taxlaw-13768	221	38	shift	shift	VERB
taxlaw-13768	221	39	a	a	DET
taxlaw-13768	221	40	portion	portion	NOUN
taxlaw-13768	221	41	of	of	ADP
taxlaw-13768	221	42	this	this	DET
taxlaw-13768	221	43	burden	burden	NOUN
taxlaw-13768	221	44	to	to	ADP
taxlaw-13768	221	45	the	the	DET
taxlaw-13768	221	46	non	non	ADJ
taxlaw-13768	221	47	-	-	ADJ
taxlaw-13768	221	48	electing	electing	ADJ
taxlaw-13768	221	49	shareholder	shareholder	NOUN
taxlaw-13768	221	50	(	(	PUNCT
taxlaw-13768	221	51	that	that	PRON
taxlaw-13768	221	52	has	have	AUX
taxlaw-13768	221	53	already	already	ADV
taxlaw-13768	221	54	paid	pay	VERB
taxlaw-13768	221	55	u.s	u.s	PROPN
taxlaw-13768	221	56	.	.	PROPN
taxlaw-13768	221	57	tax	tax	NOUN
taxlaw-13768	221	58	on	on	ADP
taxlaw-13768	221	59	its	its	PRON
taxlaw-13768	221	60	full	full	ADJ
taxlaw-13768	221	61	share	share	NOUN
taxlaw-13768	221	62	of	of	ADP
taxlaw-13768	221	63	the	the	DET
taxlaw-13768	221	64	foreign	foreign	ADJ
taxlaw-13768	221	65	corporation	corporation	NOUN
taxlaw-13768	221	66	’s	’s	PART
taxlaw-13768	221	67	earnings	earning	NOUN
taxlaw-13768	221	68	and	and	CCONJ
taxlaw-13768	221	69	profits	profit	NOUN
taxlaw-13768	221	70	)	)	PUNCT
taxlaw-13768	221	71	.	.	PUNCT
taxlaw-13768	222	1	i	i	PRON
taxlaw-13768	222	2	d.	d.	PROPN
taxlaw-13768	222	3	the	the	DET
taxlaw-13768	222	4	preamble	preamble	NOUN
taxlaw-13768	222	5	provided	provide	VERB
taxlaw-13768	222	6	various	various	ADJ
taxlaw-13768	222	7	explanations	explanation	NOUN
taxlaw-13768	222	8	as	as	ADP
taxlaw-13768	222	9	to	to	ADP
taxlaw-13768	222	10	why	why	SCONJ
taxlaw-13768	222	11	the	the	DET
taxlaw-13768	222	12	all	all	DET
taxlaw-13768	222	13	e&p	e&p	PROPN
taxlaw-13768	222	14	amount	amount	NOUN
taxlaw-13768	222	15	should	should	AUX
taxlaw-13768	222	16	be	be	AUX
taxlaw-13768	222	17	included	include	VERB
taxlaw-13768	222	18	,	,	PUNCT
taxlaw-13768	222	19	rather	rather	ADV
taxlaw-13768	222	20	than	than	ADP
taxlaw-13768	222	21	an	an	DET
taxlaw-13768	222	22	amount	amount	NOUN
taxlaw-13768	222	23	tied	tie	VERB
taxlaw-13768	222	24	to	to	ADP
taxlaw-13768	222	25	a	a	DET
taxlaw-13768	222	26	shareholder	shareholder	NOUN
taxlaw-13768	222	27	’s	’s	PART
taxlaw-13768	222	28	gain	gain	NOUN
taxlaw-13768	222	29	,	,	PUNCT
taxlaw-13768	222	30	including	include	VERB
taxlaw-13768	222	31	the	the	DET
taxlaw-13768	222	32	fact	fact	NOUN
taxlaw-13768	222	33	that	that	SCONJ
taxlaw-13768	222	34	the	the	DET
taxlaw-13768	222	35	all	all	DET
taxlaw-13768	222	36	e&p	e&p	PROPN
taxlaw-13768	222	37	amount	amount	NOUN
taxlaw-13768	222	38	reflected	reflect	VERB
taxlaw-13768	222	39	the	the	DET
taxlaw-13768	222	40	corporate	corporate	ADJ
taxlaw-13768	222	41	-	-	PUNCT
taxlaw-13768	222	42	level	level	NOUN
taxlaw-13768	222	43	attributes	attribute	NOUN
taxlaw-13768	222	44	(	(	PUNCT
taxlaw-13768	222	45	such	such	ADJ
taxlaw-13768	222	46	as	as	ADP
taxlaw-13768	222	47	basis	basis	NOUN
taxlaw-13768	222	48	)	)	PUNCT
taxlaw-13768	222	49	of	of	ADP
taxlaw-13768	222	50	the	the	DET
taxlaw-13768	222	51	foreign	foreign	ADJ
taxlaw-13768	222	52	corporation	corporation	NOUN
taxlaw-13768	222	53	and	and	CCONJ
taxlaw-13768	222	54	not	not	PART
taxlaw-13768	222	55	merely	merely	ADV
taxlaw-13768	222	56	shareholder	shareholder	NOUN
taxlaw-13768	222	57	-	-	PUNCT
taxlaw-13768	222	58	level	level	NOUN
taxlaw-13768	222	59	attributes	attribute	NOUN
taxlaw-13768	222	60	.	.	PUNCT
taxlaw-13768	223	1	i	i	PRON
taxlaw-13768	223	2	d.	d.	PROPN
taxlaw-13768	223	3	at	at	ADP
taxlaw-13768	223	4	3590	3590	NUM
taxlaw-13768	223	5	.	.	PUNCT
taxlaw-13768	224	1	at	at	ADP
taxlaw-13768	224	2	the	the	DET
taxlaw-13768	224	3	same	same	ADJ
taxlaw-13768	224	4	time	time	NOUN
taxlaw-13768	224	5	that	that	PRON
taxlaw-13768	224	6	the	the	DET
taxlaw-13768	224	7	2000	2000	NUM
taxlaw-13768	224	8	final	final	ADJ
taxlaw-13768	224	9	regulations	regulation	NOUN
taxlaw-13768	224	10	were	be	AUX
taxlaw-13768	224	11	published	publish	VERB
taxlaw-13768	224	12	,	,	PUNCT
taxlaw-13768	224	13	treasury	treasury	PROPN
taxlaw-13768	224	14	and	and	CCONJ
taxlaw-13768	224	15	the	the	DET
taxlaw-13768	224	16	irs	irs	PROPN
taxlaw-13768	224	17	also	also	ADV
taxlaw-13768	224	18	published	publish	VERB
taxlaw-13768	224	19	proposed	propose	VERB
taxlaw-13768	224	20	and	and	CCONJ
taxlaw-13768	224	21	temporary	temporary	ADJ
taxlaw-13768	224	22	regulations	regulation	NOUN
taxlaw-13768	224	23	extending	extend	VERB
taxlaw-13768	224	24	the	the	DET
taxlaw-13768	224	25	ability	ability	NOUN
taxlaw-13768	224	26	to	to	PART
taxlaw-13768	224	27	make	make	VERB
taxlaw-13768	224	28	a	a	DET
taxlaw-13768	224	29	taxable	taxable	ADJ
taxlaw-13768	224	30	exchange	exchange	NOUN
taxlaw-13768	224	31	election	election	NOUN
taxlaw-13768	224	32	for	for	ADP
taxlaw-13768	224	33	one	one	NUM
taxlaw-13768	224	34	year	year	NOUN
taxlaw-13768	224	35	.	.	PUNCT
taxlaw-13768	225	1	t.d	t.d	PROPN
taxlaw-13768	225	2	.	.	PROPN
taxlaw-13768	225	3	8863	8863	NUM
taxlaw-13768	225	4	,	,	PUNCT
taxlaw-13768	225	5	2000	2000	NUM
taxlaw-13768	225	6	-	-	SYM
taxlaw-13768	225	7	1	1	NUM
taxlaw-13768	225	8	c.b	c.b	PROPN
taxlaw-13768	225	9	.	.	PROPN
taxlaw-13768	225	10	488	488	NUM
taxlaw-13768	225	11	.	.	PUNCT
taxlaw-13768	226	1	46	46	NUM
taxlaw-13768	226	2	2000	2000	NUM
taxlaw-13768	226	3	final	final	ADJ
taxlaw-13768	226	4	regulations	regulation	NOUN
taxlaw-13768	226	5	,	,	PUNCT
taxlaw-13768	226	6	65	65	NUM
taxlaw-13768	226	7	fed	feed	VERB
taxlaw-13768	226	8	.	.	PUNCT
taxlaw-13768	227	1	reg	reg	PROPN
taxlaw-13768	227	2	.	.	PUNCT
taxlaw-13768	228	1	3589	3589	NUM
taxlaw-13768	228	2	,	,	PUNCT
taxlaw-13768	228	3	3593	3593	NUM
taxlaw-13768	228	4	(	(	PUNCT
taxlaw-13768	228	5	jan	jan	PROPN
taxlaw-13768	228	6	.	.	PROPN
taxlaw-13768	228	7	24	24	NUM
taxlaw-13768	228	8	,	,	PUNCT
taxlaw-13768	228	9	2000	2000	NUM
taxlaw-13768	228	10	)	)	PUNCT
taxlaw-13768	228	11	.	.	PUNCT
taxlaw-13768	229	1	treasury	treasury	PROPN
taxlaw-13768	229	2	and	and	CCONJ
taxlaw-13768	229	3	the	the	DET
taxlaw-13768	229	4	irs	irs	PROPN
taxlaw-13768	229	5	rejected	reject	VERB
taxlaw-13768	229	6	comments	comment	NOUN
taxlaw-13768	229	7	to	to	ADP
taxlaw-13768	229	8	the	the	DET
taxlaw-13768	229	9	1991	1991	NUM
taxlaw-13768	229	10	proposed	propose	VERB
taxlaw-13768	229	11	regulations	regulation	NOUN
taxlaw-13768	229	12	requesting	request	VERB
taxlaw-13768	229	13	an	an	DET
taxlaw-13768	229	14	election	election	NOUN
taxlaw-13768	229	15	that	that	PRON
taxlaw-13768	229	16	would	would	AUX
taxlaw-13768	229	17	permit	permit	VERB
taxlaw-13768	229	18	a	a	DET
taxlaw-13768	229	19	domestic	domestic	ADJ
taxlaw-13768	229	20	acquiring	acquire	VERB
taxlaw-13768	229	21	corporation	corporation	NOUN
taxlaw-13768	229	22	to	to	PART
taxlaw-13768	229	23	elect	elect	VERB
taxlaw-13768	229	24	to	to	PART
taxlaw-13768	229	25	include	include	VERB
taxlaw-13768	229	26	small	small	ADJ
taxlaw-13768	229	27	shareholders	shareholder	NOUN
taxlaw-13768	229	28	’	'	PUNCT
taxlaw-13768	229	29	all	all	DET
taxlaw-13768	229	30	e&p	e&p	PROPN
taxlaw-13768	229	31	amounts	amount	VERB
taxlaw-13768	229	32	.	.	PUNCT
taxlaw-13768	230	1	apart	apart	ADV
taxlaw-13768	230	2	from	from	ADP
taxlaw-13768	230	3	these	these	DET
taxlaw-13768	230	4	changes	change	NOUN
taxlaw-13768	230	5	,	,	PUNCT
taxlaw-13768	230	6	another	another	DET
taxlaw-13768	230	7	less	less	ADV
taxlaw-13768	230	8	substantial	substantial	ADJ
taxlaw-13768	230	9	change	change	NOUN
taxlaw-13768	230	10	was	be	AUX
taxlaw-13768	230	11	the	the	DET
taxlaw-13768	230	12	revision	revision	NOUN
taxlaw-13768	230	13	to	to	ADP
taxlaw-13768	230	14	the	the	DET
taxlaw-13768	230	15	notice	notice	NOUN
taxlaw-13768	230	16	requirement	requirement	NOUN
taxlaw-13768	230	17	under	under	ADP
taxlaw-13768	230	18	the	the	DET
taxlaw-13768	230	19	1991	1991	NUM
taxlaw-13768	230	20	proposed	propose	VERB
taxlaw-13768	230	21	regulations	regulation	NOUN
taxlaw-13768	230	22	:	:	PUNCT
taxlaw-13768	230	23	the	the	DET
taxlaw-13768	230	24	2000	2000	NUM
taxlaw-13768	230	25	final	final	ADJ
taxlaw-13768	230	26	regulations	regulation	NOUN
taxlaw-13768	230	27	narrowed	narrow	VERB
taxlaw-13768	230	28	its	its	PRON
taxlaw-13768	230	29	scope	scope	NOUN
taxlaw-13768	230	30	and	and	CCONJ
taxlaw-13768	230	31	required	require	VERB
taxlaw-13768	230	32	a	a	DET
taxlaw-13768	230	33	notice	notice	NOUN
taxlaw-13768	230	34	only	only	ADV
taxlaw-13768	230	35	with	with	ADP
taxlaw-13768	230	36	respect	respect	NOUN
taxlaw-13768	230	37	to	to	ADP
taxlaw-13768	230	38	persons	person	NOUN
taxlaw-13768	230	39	and	and	CCONJ
taxlaw-13768	230	40	transactions	transaction	NOUN
taxlaw-13768	230	41	that	that	PRON
taxlaw-13768	230	42	may	may	AUX
taxlaw-13768	230	43	be	be	AUX
taxlaw-13768	230	44	subject	subject	ADJ
taxlaw-13768	230	45	to	to	ADP
taxlaw-13768	230	46	an	an	DET
taxlaw-13768	230	47	inclusion	inclusion	NOUN
taxlaw-13768	230	48	under	under	ADP
taxlaw-13768	230	49	the	the	DET
taxlaw-13768	230	50	2000	2000	NUM
taxlaw-13768	230	51	final	final	ADJ
taxlaw-13768	230	52	regulation	regulation	NOUN
taxlaw-13768	230	53	.	.	PUNCT
taxlaw-13768	231	1	47	47	NUM
taxlaw-13768	232	1	i	i	PRON
taxlaw-13768	232	2	d.	d.	PROPN
taxlaw-13768	232	3	at	at	ADP
taxlaw-13768	232	4	3590	3590	NUM
taxlaw-13768	232	5	.	.	PUNCT
taxlaw-13768	233	1	the	the	DET
taxlaw-13768	233	2	2000	2000	NUM
taxlaw-13768	233	3	final	final	ADJ
taxlaw-13768	233	4	regulations	regulation	NOUN
taxlaw-13768	233	5	did	do	AUX
taxlaw-13768	233	6	amend	amend	VERB
taxlaw-13768	233	7	the	the	DET
taxlaw-13768	233	8	definition	definition	NOUN
taxlaw-13768	233	9	to	to	PART
taxlaw-13768	233	10	exclude	exclude	VERB
taxlaw-13768	233	11	amounts	amount	NOUN
taxlaw-13768	233	12	attributable	attributable	ADJ
taxlaw-13768	233	13	to	to	ADP
taxlaw-13768	233	14	the	the	DET
taxlaw-13768	233	15	holding	hold	VERB
taxlaw-13768	233	16	period	period	NOUN
taxlaw-13768	233	17	of	of	ADP
taxlaw-13768	233	18	non	non	ADJ
taxlaw-13768	233	19	-	-	ADJ
taxlaw-13768	233	20	u.s	u.s	ADJ
taxlaw-13768	233	21	.	.	PROPN
taxlaw-13768	233	22	persons	person	NOUN
taxlaw-13768	233	23	,	,	PUNCT
taxlaw-13768	233	24	responding	respond	VERB
taxlaw-13768	233	25	to	to	ADP
taxlaw-13768	233	26	the	the	DET
taxlaw-13768	233	27	following	follow	VERB
taxlaw-13768	233	28	concern	concern	NOUN
taxlaw-13768	233	29	:	:	PUNCT
taxlaw-13768	233	30	section	section	NOUN
taxlaw-13768	233	31	1.367(b)-2	1.367(b)-2	NUM
taxlaw-13768	233	32	(	(	PUNCT
taxlaw-13768	233	33	d	d	NOUN
taxlaw-13768	233	34	)	)	PUNCT
taxlaw-13768	233	35	of	of	ADP
taxlaw-13768	233	36	the	the	DET
taxlaw-13768	233	37	1991	1991	NUM
taxlaw-13768	233	38	proposed	propose	VERB
taxlaw-13768	233	39	regulations	regulation	NOUN
taxlaw-13768	233	40	generally	generally	ADV
taxlaw-13768	233	41	defined	define	VERB
taxlaw-13768	233	42	“	"	PUNCT
taxlaw-13768	233	43	all	all	DET
taxlaw-13768	233	44	earnings	earning	NOUN
taxlaw-13768	233	45	and	and	CCONJ
taxlaw-13768	233	46	profits	profit	NOUN
taxlaw-13768	233	47	amount	amount	NOUN
taxlaw-13768	233	48	”	"	PUNCT
taxlaw-13768	233	49	as	as	ADP
taxlaw-13768	233	50	the	the	DET
taxlaw-13768	233	51	allocable	allocable	ADJ
taxlaw-13768	233	52	share	share	NOUN
taxlaw-13768	233	53	of	of	ADP
taxlaw-13768	233	54	net	net	ADJ
taxlaw-13768	233	55	positive	positive	ADJ
taxlaw-13768	233	56	earnings	earning	NOUN
taxlaw-13768	233	57	and	and	CCONJ
taxlaw-13768	233	58	profits	profit	NOUN
taxlaw-13768	233	59	accrued	accrue	VERB
taxlaw-13768	233	60	by	by	ADP
taxlaw-13768	233	61	a	a	DET
taxlaw-13768	233	62	foreign	foreign	ADJ
taxlaw-13768	233	63	corporation	corporation	NOUN
taxlaw-13768	233	64	during	during	ADP
taxlaw-13768	233	65	a	a	DET
taxlaw-13768	233	66	shareholder	shareholder	NOUN
taxlaw-13768	233	67	’s	’s	PART
taxlaw-13768	233	68	holding	hold	VERB
taxlaw-13768	233	69	period	period	NOUN
taxlaw-13768	233	70	.	.	PUNCT
taxlaw-13768	234	1	the	the	DET
taxlaw-13768	234	2	1991	1991	NUM
taxlaw-13768	234	3	proposed	propose	VERB
taxlaw-13768	234	4	regulations	regulation	NOUN
taxlaw-13768	234	5	provided	provide	VERB
taxlaw-13768	234	6	that	that	SCONJ
taxlaw-13768	234	7	the	the	DET
taxlaw-13768	234	8	all	all	DET
taxlaw-13768	234	9	earnings	earning	NOUN
taxlaw-13768	234	10	and	and	CCONJ
taxlaw-13768	234	11	profits	profit	NOUN
taxlaw-13768	234	12	amount	amount	NOUN
taxlaw-13768	234	13	is	be	AUX
taxlaw-13768	234	14	determined	determine	VERB
taxlaw-13768	234	15	according	accord	VERB
taxlaw-13768	234	16	to	to	ADP
taxlaw-13768	234	17	the	the	DET
taxlaw-13768	234	18	attribution	attribution	NOUN
taxlaw-13768	234	19	principles	principle	NOUN
taxlaw-13768	234	20	of	of	ADP
taxlaw-13768	234	21	section	section	NOUN
taxlaw-13768	234	22	1248	1248	NUM
taxlaw-13768	234	23	.	.	PUNCT
taxlaw-13768	235	1	because	because	SCONJ
taxlaw-13768	235	2	the	the	DET
taxlaw-13768	235	3	section	section	NOUN
taxlaw-13768	235	4	1248	1248	NUM
taxlaw-13768	235	5	attribution	attribution	NOUN
taxlaw-13768	235	6	rules	rule	NOUN
taxlaw-13768	235	7	incorporate	incorporate	VERB
taxlaw-13768	235	8	the	the	DET
taxlaw-13768	235	9	section	section	NOUN
taxlaw-13768	235	10	1223	1223	NUM
taxlaw-13768	235	11	holding	hold	VERB
taxlaw-13768	235	12	period	period	NOUN
taxlaw-13768	235	13	rules	rule	NOUN
taxlaw-13768	235	14	,	,	PUNCT
taxlaw-13768	235	15	commentators	commentator	NOUN
taxlaw-13768	235	16	were	be	AUX
taxlaw-13768	235	17	concerned	concern	VERB
taxlaw-13768	235	18	that	that	SCONJ
taxlaw-13768	235	19	the	the	DET
taxlaw-13768	235	20	definition	definition	NOUN
taxlaw-13768	235	21	of	of	ADP
taxlaw-13768	235	22	all	all	DET
taxlaw-13768	235	23	earnings	earning	NOUN
taxlaw-13768	235	24	and	and	CCONJ
taxlaw-13768	235	25	profits	profit	NOUN
taxlaw-13768	235	26	amount	amount	NOUN
taxlaw-13768	235	27	inappropriately	inappropriately	ADV
taxlaw-13768	235	28	included	include	VERB
taxlaw-13768	235	29	earnings	earning	NOUN
taxlaw-13768	235	30	and	and	CCONJ
taxlaw-13768	235	31	profits	profit	NOUN
taxlaw-13768	235	32	attributable	attributable	ADJ
taxlaw-13768	235	33	to	to	ADP
taxlaw-13768	235	34	the	the	DET
taxlaw-13768	235	35	holding	hold	VERB
taxlaw-13768	235	36	period	period	NOUN
taxlaw-13768	235	37	of	of	ADP
taxlaw-13768	235	38	non	non	ADJ
taxlaw-13768	235	39	-	-	ADJ
taxlaw-13768	235	40	u.s	u.s	ADJ
taxlaw-13768	235	41	.	.	PROPN
taxlaw-13768	235	42	persons	person	NOUN
taxlaw-13768	235	43	by	by	ADP
taxlaw-13768	235	44	virtue	virtue	NOUN
taxlaw-13768	235	45	of	of	ADP
taxlaw-13768	235	46	the	the	DET
taxlaw-13768	235	47	rules	rule	NOUN
taxlaw-13768	235	48	of	of	ADP
taxlaw-13768	235	49	section	section	NOUN
taxlaw-13768	235	50	1223(2	1223(2	NUM
taxlaw-13768	235	51	)	)	PUNCT
taxlaw-13768	235	52	.	.	PUNCT
taxlaw-13768	236	1	i	i	PRON
taxlaw-13768	236	2	d.	d.	PROPN
taxlaw-13768	236	3	at	at	ADP
taxlaw-13768	236	4	3591	3591	NUM
taxlaw-13768	236	5	.	.	PUNCT
taxlaw-13768	237	1	172	172	NUM
taxlaw-13768	237	2	columbia	columbia	PROPN
taxlaw-13768	237	3	journal	journal	PROPN
taxlaw-13768	237	4	of	of	ADP
taxlaw-13768	237	5	tax	tax	NOUN
taxlaw-13768	237	6	law	law	NOUN
taxlaw-13768	237	7	[	[	X
taxlaw-13768	237	8	vol	vol	NOUN
taxlaw-13768	237	9	.	.	PUNCT
taxlaw-13768	238	1	16:2	16:2	NUM
taxlaw-13768	238	2	exchanging	exchange	VERB
taxlaw-13768	238	3	u.s	u.s	PROPN
taxlaw-13768	238	4	.	.	PROPN
taxlaw-13768	238	5	shareholders48	shareholders48	NOUN
taxlaw-13768	238	6	(	(	PUNCT
taxlaw-13768	238	7	subject	subject	ADJ
taxlaw-13768	238	8	to	to	ADP
taxlaw-13768	238	9	a	a	DET
taxlaw-13768	238	10	new	new	ADJ
taxlaw-13768	238	11	de	de	X
taxlaw-13768	238	12	minimis	minimis	NOUN
taxlaw-13768	238	13	exception	exception	NOUN
taxlaw-13768	238	14	applicable	applicable	ADJ
taxlaw-13768	238	15	to	to	ADP
taxlaw-13768	238	16	small	small	ADJ
taxlaw-13768	238	17	shareholders),49	shareholders),49	NOUN
taxlaw-13768	238	18	include	include	VERB
taxlaw-13768	238	19	in	in	ADP
taxlaw-13768	238	20	their	their	PRON
taxlaw-13768	238	21	gross	gross	ADJ
taxlaw-13768	238	22	income	income	NOUN
taxlaw-13768	238	23	such	such	ADJ
taxlaw-13768	238	24	amount	amount	NOUN
taxlaw-13768	238	25	in	in	ADP
taxlaw-13768	238	26	inbound	inbound	ADJ
taxlaw-13768	238	27	transactions	transaction	NOUN
taxlaw-13768	238	28	.	.	PUNCT
taxlaw-13768	239	1	in	in	ADP
taxlaw-13768	239	2	the	the	DET
taxlaw-13768	239	3	preamble	preamble	NOUN
taxlaw-13768	239	4	,	,	PUNCT
taxlaw-13768	239	5	treasury	treasury	PROPN
taxlaw-13768	239	6	acknowledged	acknowledge	VERB
taxlaw-13768	239	7	the	the	DET
taxlaw-13768	239	8	commentators	commentator	NOUN
taxlaw-13768	239	9	’	'	PUNCT
taxlaw-13768	239	10	criticism	criticism	NOUN
taxlaw-13768	239	11	of	of	ADP
taxlaw-13768	239	12	the	the	DET
taxlaw-13768	239	13	scope	scope	NOUN
taxlaw-13768	239	14	of	of	ADP
taxlaw-13768	239	15	the	the	DET
taxlaw-13768	239	16	all	all	DET
taxlaw-13768	239	17	e&p	e&p	PROPN
taxlaw-13768	239	18	amount,50	amount,50	NOUN
taxlaw-13768	239	19	but	but	CCONJ
taxlaw-13768	239	20	defended	defend	VERB
taxlaw-13768	239	21	its	its	PRON
taxlaw-13768	239	22	decision	decision	NOUN
taxlaw-13768	239	23	to	to	PART
taxlaw-13768	239	24	retain	retain	VERB
taxlaw-13768	239	25	the	the	DET
taxlaw-13768	239	26	broad	broad	ADJ
taxlaw-13768	239	27	definition	definition	NOUN
taxlaw-13768	239	28	,	,	PUNCT
taxlaw-13768	239	29	arguing	argue	VERB
taxlaw-13768	239	30	a	a	DET
taxlaw-13768	239	31	definition	definition	NOUN
taxlaw-13768	239	32	tied	tie	VERB
taxlaw-13768	239	33	to	to	ADP
taxlaw-13768	239	34	a	a	DET
taxlaw-13768	239	35	shareholder	shareholder	NOUN
taxlaw-13768	239	36	’s	’s	PART
taxlaw-13768	239	37	section	section	NOUN
taxlaw-13768	239	38	1248	1248	NUM
taxlaw-13768	239	39	amount	amount	NOUN
taxlaw-13768	239	40	“	"	PUNCT
taxlaw-13768	239	41	too	too	ADV
taxlaw-13768	239	42	narrowly	narrowly	ADV
taxlaw-13768	239	43	construes	construe	VERB
taxlaw-13768	239	44	the	the	DET
taxlaw-13768	239	45	role	role	NOUN
taxlaw-13768	239	46	of	of	ADP
taxlaw-13768	239	47	section	section	NOUN
taxlaw-13768	239	48	367(b	367(b	PROPN
taxlaw-13768	239	49	)	)	PUNCT
taxlaw-13768	239	50	by	by	ADP
taxlaw-13768	239	51	focusing	focus	VERB
taxlaw-13768	239	52	on	on	ADP
taxlaw-13768	239	53	potential	potential	ADJ
taxlaw-13768	239	54	shareholderlevel	shareholderlevel	NOUN
taxlaw-13768	239	55	consequences	consequence	NOUN
taxlaw-13768	239	56	without	without	ADP
taxlaw-13768	239	57	adequately	adequately	ADV
taxlaw-13768	239	58	considering	consider	VERB
taxlaw-13768	239	59	the	the	DET
taxlaw-13768	239	60	section	section	NOUN
taxlaw-13768	239	61	367(b	367(b	PROPN
taxlaw-13768	239	62	)	)	PUNCT
taxlaw-13768	239	63	policy	policy	NOUN
taxlaw-13768	239	64	of	of	ADP
taxlaw-13768	239	65	determining	determine	VERB
taxlaw-13768	239	66	the	the	DET
taxlaw-13768	239	67	appropriate	appropriate	ADJ
taxlaw-13768	239	68	carryover	carryover	NOUN
taxlaw-13768	239	69	of	of	ADP
taxlaw-13768	239	70	corporate	corporate	ADJ
taxlaw-13768	239	71	-	-	PUNCT
taxlaw-13768	239	72	level	level	NOUN
taxlaw-13768	239	73	attributes	attribute	NOUN
taxlaw-13768	239	74	in	in	ADP
taxlaw-13768	239	75	inbound	inbound	ADJ
taxlaw-13768	239	76	nonrecognition	nonrecognition	NOUN
taxlaw-13768	239	77	transactions	transaction	NOUN
taxlaw-13768	239	78	.	.	PUNCT
taxlaw-13768	240	1	”51	”51	PROPN
taxlaw-13768	240	2	as	as	ADP
taxlaw-13768	240	3	with	with	ADP
taxlaw-13768	240	4	its	its	PRON
taxlaw-13768	240	5	predecessors	predecessor	NOUN
taxlaw-13768	240	6	with	with	ADP
taxlaw-13768	240	7	respect	respect	NOUN
taxlaw-13768	240	8	to	to	ADP
taxlaw-13768	240	9	inbound	inbound	ADJ
taxlaw-13768	240	10	transactions	transaction	NOUN
taxlaw-13768	240	11	,	,	PUNCT
taxlaw-13768	240	12	the	the	DET
taxlaw-13768	240	13	2000	2000	NUM
taxlaw-13768	240	14	final	final	ADJ
taxlaw-13768	240	15	regulations	regulation	NOUN
taxlaw-13768	240	16	were	be	AUX
taxlaw-13768	240	17	principally	principally	ADV
taxlaw-13768	240	18	concerned	concern	VERB
taxlaw-13768	240	19	with	with	ADP
taxlaw-13768	240	20	the	the	DET
taxlaw-13768	240	21	carryover	carryover	NOUN
taxlaw-13768	240	22	of	of	ADP
taxlaw-13768	240	23	e&p	e&p	PROPN
taxlaw-13768	240	24	and	and	CCONJ
taxlaw-13768	240	25	basis	basis	NOUN
taxlaw-13768	240	26	of	of	ADP
taxlaw-13768	240	27	assets	asset	NOUN
taxlaw-13768	240	28	from	from	ADP
taxlaw-13768	240	29	foreign	foreign	ADJ
taxlaw-13768	240	30	to	to	ADP
taxlaw-13768	240	31	domestic	domestic	ADJ
taxlaw-13768	240	32	corporations	corporation	NOUN
taxlaw-13768	240	33	,	,	PUNCT
taxlaw-13768	240	34	which	which	PRON
taxlaw-13768	240	35	treasury	treasury	NOUN
taxlaw-13768	240	36	and	and	CCONJ
taxlaw-13768	240	37	the	the	DET
taxlaw-13768	240	38	irs	irs	PROPN
taxlaw-13768	240	39	saw	see	VERB
taxlaw-13768	240	40	as	as	ADP
taxlaw-13768	240	41	having	have	VERB
taxlaw-13768	240	42	interrelated	interrelated	ADJ
taxlaw-13768	240	43	shareholder	shareholder	NOUN
taxlaw-13768	240	44	-	-	PUNCT
taxlaw-13768	240	45	level	level	NOUN
taxlaw-13768	240	46	and	and	CCONJ
taxlaw-13768	240	47	corporate	corporate	ADJ
taxlaw-13768	240	48	-	-	PUNCT
taxlaw-13768	240	49	level	level	NOUN
taxlaw-13768	240	50	components	component	NOUN
taxlaw-13768	240	51	.	.	PUNCT
taxlaw-13768	241	1	the	the	DET
taxlaw-13768	241	2	preamble	preamble	NOUN
taxlaw-13768	241	3	to	to	ADP
taxlaw-13768	241	4	the	the	DET
taxlaw-13768	241	5	regulations	regulation	NOUN
taxlaw-13768	241	6	articulates	articulate	VERB
taxlaw-13768	241	7	this	this	DET
taxlaw-13768	241	8	concern	concern	NOUN
taxlaw-13768	241	9	as	as	SCONJ
taxlaw-13768	241	10	follows	follow	VERB
taxlaw-13768	241	11	:	:	PUNCT
taxlaw-13768	241	12	the	the	DET
taxlaw-13768	241	13	section	section	NOUN
taxlaw-13768	241	14	367(b	367(b	PROPN
taxlaw-13768	241	15	)	)	PUNCT
taxlaw-13768	241	16	regulations	regulation	NOUN
taxlaw-13768	241	17	have	have	AUX
taxlaw-13768	241	18	historically	historically	ADV
taxlaw-13768	241	19	focused	focus	VERB
taxlaw-13768	241	20	on	on	ADP
taxlaw-13768	241	21	the	the	DET
taxlaw-13768	241	22	carryover	carryover	NOUN
taxlaw-13768	241	23	of	of	ADP
taxlaw-13768	241	24	earnings	earning	NOUN
taxlaw-13768	241	25	and	and	CCONJ
taxlaw-13768	241	26	profits	profit	NOUN
taxlaw-13768	241	27	and	and	CCONJ
taxlaw-13768	241	28	bases	basis	NOUN
taxlaw-13768	241	29	of	of	ADP
taxlaw-13768	241	30	assets	asset	NOUN
taxlaw-13768	241	31	,	,	PUNCT
taxlaw-13768	241	32	simultaneously	simultaneously	ADV
taxlaw-13768	241	33	addressing	address	VERB
taxlaw-13768	241	34	the	the	DET
taxlaw-13768	241	35	shareholder	shareholder	NOUN
taxlaw-13768	241	36	and	and	CCONJ
taxlaw-13768	241	37	corporate	corporate	ADJ
taxlaw-13768	241	38	level	level	NOUN
taxlaw-13768	241	39	concerns	concern	NOUN
taxlaw-13768	241	40	by	by	ADP
taxlaw-13768	241	41	accounting	account	VERB
taxlaw-13768	241	42	for	for	ADP
taxlaw-13768	241	43	any	any	DET
taxlaw-13768	241	44	necessary	necessary	ADJ
taxlaw-13768	241	45	adjustments	adjustment	NOUN
taxlaw-13768	241	46	through	through	ADP
taxlaw-13768	241	47	an	an	DET
taxlaw-13768	241	48	income	income	NOUN
taxlaw-13768	241	49	inclusion	inclusion	NOUN
taxlaw-13768	241	50	by	by	ADP
taxlaw-13768	241	51	the	the	DET
taxlaw-13768	241	52	u.s	u.s	PROPN
taxlaw-13768	241	53	.	.	PROPN
taxlaw-13768	241	54	shareholders	shareholder	NOUN
taxlaw-13768	241	55	of	of	ADP
taxlaw-13768	241	56	the	the	DET
taxlaw-13768	241	57	foreign	foreign	ADJ
taxlaw-13768	241	58	acquired	acquire	VERB
taxlaw-13768	241	59	corporation	corporation	NOUN
taxlaw-13768	241	60	(	(	PUNCT
taxlaw-13768	241	61	and	and	CCONJ
taxlaw-13768	241	62	without	without	ADP
taxlaw-13768	241	63	limiting	limit	VERB
taxlaw-13768	241	64	the	the	DET
taxlaw-13768	241	65	extent	extent	NOUN
taxlaw-13768	241	66	to	to	PART
taxlaw-13768	241	67	which	which	PRON
taxlaw-13768	241	68	the	the	DET
taxlaw-13768	241	69	domestic	domestic	ADJ
taxlaw-13768	241	70	acquiring	acquire	VERB
taxlaw-13768	241	71	corporation	corporation	NOUN
taxlaw-13768	241	72	succeeds	succeed	VERB
taxlaw-13768	241	73	to	to	ADP
taxlaw-13768	241	74	the	the	DET
taxlaw-13768	241	75	attributes	attribute	NOUN
taxlaw-13768	241	76	)	)	PUNCT
taxlaw-13768	241	77	.	.	PUNCT
taxlaw-13768	242	1	the	the	DET
taxlaw-13768	242	2	1991	1991	NUM
taxlaw-13768	242	3	proposed	propose	VERB
taxlaw-13768	242	4	regulations	regulation	NOUN
taxlaw-13768	242	5	required	require	VERB
taxlaw-13768	242	6	a	a	DET
taxlaw-13768	242	7	u.s	u.s	PROPN
taxlaw-13768	242	8	.	.	PROPN
taxlaw-13768	242	9	shareholder	shareholder	NOUN
taxlaw-13768	242	10	of	of	ADP
taxlaw-13768	242	11	the	the	DET
taxlaw-13768	242	12	foreign	foreign	ADJ
taxlaw-13768	242	13	acquired	acquire	VERB
taxlaw-13768	242	14	corporation	corporation	NOUN
taxlaw-13768	242	15	(	(	PUNCT
taxlaw-13768	242	16	or	or	CCONJ
taxlaw-13768	242	17	,	,	PUNCT
taxlaw-13768	242	18	in	in	ADP
taxlaw-13768	242	19	certain	certain	ADJ
taxlaw-13768	242	20	cases	case	NOUN
taxlaw-13768	242	21	,	,	PUNCT
taxlaw-13768	242	22	a	a	DET
taxlaw-13768	242	23	foreign	foreign	ADJ
taxlaw-13768	242	24	subsidiary	subsidiary	NOUN
taxlaw-13768	242	25	of	of	ADP
taxlaw-13768	242	26	the	the	DET
taxlaw-13768	242	27	u.s	u.s	PROPN
taxlaw-13768	242	28	.	.	PROPN
taxlaw-13768	242	29	shareholder	shareholder	PROPN
taxlaw-13768	242	30	)	)	PUNCT
taxlaw-13768	242	31	to	to	PART
taxlaw-13768	242	32	currently	currently	ADV
taxlaw-13768	242	33	include	include	VERB
taxlaw-13768	242	34	in	in	ADP
taxlaw-13768	242	35	income	income	NOUN
taxlaw-13768	242	36	the	the	DET
taxlaw-13768	242	37	allocable	allocable	ADJ
taxlaw-13768	242	38	portion	portion	NOUN
taxlaw-13768	242	39	of	of	ADP
taxlaw-13768	242	40	the	the	DET
taxlaw-13768	242	41	foreign	foreign	ADJ
taxlaw-13768	242	42	acquired	acquire	VERB
taxlaw-13768	242	43	corporation	corporation	NOUN
taxlaw-13768	242	44	’s	’s	PART
taxlaw-13768	242	45	earnings	earning	NOUN
taxlaw-13768	242	46	and	and	CCONJ
taxlaw-13768	242	47	profits	profit	NOUN
taxlaw-13768	242	48	accumulated	accumulate	VERB
taxlaw-13768	242	49	during	during	ADP
taxlaw-13768	242	50	the	the	DET
taxlaw-13768	242	51	u.s	u.s	PROPN
taxlaw-13768	242	52	.	.	PROPN
taxlaw-13768	242	53	shareholder	shareholder	PROPN
taxlaw-13768	242	54	’s	’s	PART
taxlaw-13768	242	55	holding	hold	VERB
taxlaw-13768	242	56	period	period	NOUN
taxlaw-13768	242	57	(	(	PUNCT
taxlaw-13768	242	58	all	all	DET
taxlaw-13768	242	59	earnings	earning	NOUN
taxlaw-13768	242	60	and	and	CCONJ
taxlaw-13768	242	61	profits	profit	NOUN
taxlaw-13768	242	62	amount	amount	NOUN
taxlaw-13768	242	63	)	)	PUNCT
taxlaw-13768	242	64	.	.	PUNCT
taxlaw-13768	243	1	the	the	DET
taxlaw-13768	243	2	requirement	requirement	NOUN
taxlaw-13768	243	3	to	to	PART
taxlaw-13768	243	4	include	include	VERB
taxlaw-13768	243	5	in	in	ADP
taxlaw-13768	243	6	income	income	NOUN
taxlaw-13768	243	7	the	the	DET
taxlaw-13768	243	8	all	all	DET
taxlaw-13768	243	9	earnings	earning	NOUN
taxlaw-13768	243	10	and	and	CCONJ
taxlaw-13768	243	11	profits	profit	NOUN
taxlaw-13768	243	12	amount	amount	NOUN
taxlaw-13768	243	13	results	result	NOUN
taxlaw-13768	243	14	in	in	ADP
taxlaw-13768	243	15	the	the	DET
taxlaw-13768	243	16	taxation	taxation	NOUN
taxlaw-13768	243	17	of	of	ADP
taxlaw-13768	243	18	previously	previously	ADV
taxlaw-13768	243	19	unrepatriated	unrepatriated	ADJ
taxlaw-13768	243	20	earnings	earning	NOUN
taxlaw-13768	243	21	accumulated	accumulate	VERB
taxlaw-13768	243	22	during	during	ADP
taxlaw-13768	243	23	a	a	DET
taxlaw-13768	243	24	u.s	u.s	PROPN
taxlaw-13768	243	25	.	.	PROPN
taxlaw-13768	243	26	shareholder	shareholder	PROPN
taxlaw-13768	243	27	’s	’s	PART
taxlaw-13768	243	28	(	(	PUNCT
taxlaw-13768	243	29	direct	direct	ADJ
taxlaw-13768	243	30	or	or	CCONJ
taxlaw-13768	243	31	indirect	indirect	ADJ
taxlaw-13768	243	32	)	)	PUNCT
taxlaw-13768	243	33	holding	hold	VERB
taxlaw-13768	243	34	period	period	NOUN
taxlaw-13768	243	35	.	.	PUNCT
taxlaw-13768	244	1	this	this	DET
taxlaw-13768	244	2	income	income	NOUN
taxlaw-13768	244	3	inclusion	inclusion	NOUN
taxlaw-13768	244	4	prevents	prevent	VERB
taxlaw-13768	244	5	the	the	DET
taxlaw-13768	244	6	conversion	conversion	NOUN
taxlaw-13768	244	7	of	of	ADP
taxlaw-13768	244	8	a	a	DET
taxlaw-13768	244	9	deferral	deferral	NOUN
taxlaw-13768	244	10	of	of	ADP
taxlaw-13768	244	11	tax	tax	NOUN
taxlaw-13768	244	12	into	into	ADP
taxlaw-13768	244	13	a	a	DET
taxlaw-13768	244	14	forgiveness	forgiveness	NOUN
taxlaw-13768	244	15	of	of	ADP
taxlaw-13768	244	16	tax	tax	NOUN
taxlaw-13768	244	17	and	and	CCONJ
taxlaw-13768	244	18	generally	generally	ADV
taxlaw-13768	244	19	ensures	ensure	VERB
taxlaw-13768	244	20	that	that	SCONJ
taxlaw-13768	244	21	the	the	DET
taxlaw-13768	244	22	section	section	NOUN
taxlaw-13768	244	23	381	381	NUM
taxlaw-13768	244	24	carryover	carryover	NOUN
taxlaw-13768	244	25	basis	basis	NOUN
taxlaw-13768	244	26	reflects	reflect	VERB
taxlaw-13768	244	27	an	an	DET
taxlaw-13768	244	28	after	after	ADP
taxlaw-13768	244	29	-	-	PUNCT
taxlaw-13768	244	30	tax	tax	NOUN
taxlaw-13768	244	31	amount	amount	NOUN
taxlaw-13768	244	32	.	.	PUNCT
taxlaw-13768	245	1	however	however	ADV
taxlaw-13768	245	2	,	,	PUNCT
taxlaw-13768	245	3	the	the	DET
taxlaw-13768	245	4	all	all	DET
taxlaw-13768	245	5	earnings	earning	NOUN
taxlaw-13768	245	6	and	and	CCONJ
taxlaw-13768	245	7	profits	profit	NOUN
taxlaw-13768	245	8	amount	amount	NOUN
taxlaw-13768	245	9	inclusion	inclusion	NOUN
taxlaw-13768	245	10	does	do	AUX
taxlaw-13768	245	11	not	not	PART
taxlaw-13768	245	12	consider	consider	VERB
taxlaw-13768	245	13	tax	tax	NOUN
taxlaw-13768	245	14	attributes	attribute	NOUN
taxlaw-13768	245	15	that	that	PRON
taxlaw-13768	245	16	accrue	accrue	VERB
taxlaw-13768	245	17	during	during	ADP
taxlaw-13768	245	18	a	a	DET
taxlaw-13768	245	19	nonu.s	nonu.s	PROPN
taxlaw-13768	245	20	.	.	PUNCT
taxlaw-13768	246	1	person	person	NOUN
taxlaw-13768	246	2	’s	’s	ADV
taxlaw-13768	246	3	holding	hold	VERB
taxlaw-13768	246	4	period.52	period.52	NOUN
taxlaw-13768	246	5	48	48	NUM
taxlaw-13768	246	6	however	however	ADV
taxlaw-13768	246	7	,	,	PUNCT
taxlaw-13768	246	8	“	"	PUNCT
taxlaw-13768	246	9	in	in	ADP
taxlaw-13768	246	10	order	order	NOUN
taxlaw-13768	246	11	to	to	PART
taxlaw-13768	246	12	provide	provide	VERB
taxlaw-13768	246	13	greater	great	ADJ
taxlaw-13768	246	14	consistency	consistency	NOUN
taxlaw-13768	246	15	among	among	ADP
taxlaw-13768	246	16	its	its	PRON
taxlaw-13768	246	17	various	various	ADJ
taxlaw-13768	246	18	ownership	ownership	NOUN
taxlaw-13768	246	19	thresholds	threshold	NOUN
taxlaw-13768	246	20	,	,	PUNCT
taxlaw-13768	246	21	”	"	PUNCT
taxlaw-13768	246	22	the	the	DET
taxlaw-13768	246	23	2000	2000	NUM
taxlaw-13768	246	24	final	final	ADJ
taxlaw-13768	246	25	regulations	regulation	NOUN
taxlaw-13768	246	26	did	do	AUX
taxlaw-13768	246	27	revise	revise	VERB
taxlaw-13768	246	28	the	the	DET
taxlaw-13768	246	29	regulations	regulation	NOUN
taxlaw-13768	246	30	“	"	PUNCT
taxlaw-13768	246	31	so	so	SCONJ
taxlaw-13768	246	32	that	that	SCONJ
taxlaw-13768	246	33	§	§	PROPN
taxlaw-13768	246	34	1.367(b)-3(b	1.367(b)-3(b	PROPN
taxlaw-13768	246	35	)	)	PUNCT
taxlaw-13768	246	36	applies	apply	VERB
taxlaw-13768	246	37	to	to	ADP
taxlaw-13768	246	38	a	a	DET
taxlaw-13768	246	39	foreign	foreign	ADJ
taxlaw-13768	246	40	corporation	corporation	NOUN
taxlaw-13768	246	41	with	with	ADP
taxlaw-13768	246	42	respect	respect	NOUN
taxlaw-13768	246	43	to	to	ADP
taxlaw-13768	246	44	which	which	PRON
taxlaw-13768	246	45	there	there	PRON
taxlaw-13768	246	46	is	be	VERB
taxlaw-13768	246	47	,	,	PUNCT
taxlaw-13768	246	48	in	in	ADP
taxlaw-13768	246	49	general	general	ADJ
taxlaw-13768	246	50	,	,	PUNCT
taxlaw-13768	246	51	a	a	DET
taxlaw-13768	246	52	10	10	NUM
taxlaw-13768	246	53	percent	percent	NOUN
taxlaw-13768	246	54	u.s	u.s	PROPN
taxlaw-13768	246	55	.	.	PROPN
taxlaw-13768	246	56	shareholder	shareholder	NOUN
taxlaw-13768	246	57	.	.	PUNCT
taxlaw-13768	246	58	”	"	PUNCT
taxlaw-13768	247	1	i	i	PRON
taxlaw-13768	247	2	d.	d.	VERB
taxlaw-13768	247	3	at	at	ADP
taxlaw-13768	247	4	3592	3592	NUM
taxlaw-13768	247	5	.	.	PUNCT
taxlaw-13768	248	1	49	49	NUM
taxlaw-13768	248	2	treas	trea	NOUN
taxlaw-13768	248	3	.	.	PUNCT
taxlaw-13768	249	1	reg	reg	PROPN
taxlaw-13768	249	2	.	.	PUNCT
taxlaw-13768	250	1	§	§	PROPN
taxlaw-13768	250	2	1.367(b)-3(c)(4	1.367(b)-3(c)(4	NUM
taxlaw-13768	250	3	)	)	PUNCT
taxlaw-13768	250	4	(	(	PUNCT
taxlaw-13768	250	5	2000	2000	NUM
taxlaw-13768	250	6	)	)	PUNCT
taxlaw-13768	250	7	.	.	PUNCT
taxlaw-13768	251	1	50	50	NUM
taxlaw-13768	251	2	commentators	commentator	NOUN
taxlaw-13768	251	3	argued	argue	VERB
taxlaw-13768	251	4	that	that	SCONJ
taxlaw-13768	251	5	the	the	DET
taxlaw-13768	251	6	all	all	DET
taxlaw-13768	251	7	e&p	e&p	PROPN
taxlaw-13768	251	8	amount	amount	NOUN
taxlaw-13768	251	9	should	should	AUX
taxlaw-13768	251	10	be	be	AUX
taxlaw-13768	251	11	limited	limit	VERB
taxlaw-13768	251	12	to	to	ADP
taxlaw-13768	251	13	the	the	DET
taxlaw-13768	251	14	amount	amount	NOUN
taxlaw-13768	251	15	that	that	PRON
taxlaw-13768	251	16	a	a	DET
taxlaw-13768	251	17	shareholder	shareholder	NOUN
taxlaw-13768	251	18	would	would	AUX
taxlaw-13768	251	19	include	include	VERB
taxlaw-13768	251	20	in	in	ADP
taxlaw-13768	251	21	income	income	NOUN
taxlaw-13768	251	22	as	as	ADP
taxlaw-13768	251	23	a	a	DET
taxlaw-13768	251	24	deemed	deemed	ADJ
taxlaw-13768	251	25	dividend	dividend	NOUN
taxlaw-13768	251	26	under	under	ADP
taxlaw-13768	251	27	section	section	NOUN
taxlaw-13768	251	28	1248	1248	NUM
taxlaw-13768	251	29	.	.	PUNCT
taxlaw-13768	252	1	2000	2000	NUM
taxlaw-13768	252	2	final	final	ADJ
taxlaw-13768	252	3	regulations	regulation	NOUN
taxlaw-13768	252	4	,	,	PUNCT
taxlaw-13768	252	5	65	65	NUM
taxlaw-13768	252	6	fed	feed	VERB
taxlaw-13768	252	7	.	.	PUNCT
taxlaw-13768	253	1	reg	reg	PROPN
taxlaw-13768	253	2	.	.	PUNCT
taxlaw-13768	254	1	3589	3589	NUM
taxlaw-13768	254	2	,	,	PUNCT
taxlaw-13768	254	3	3590	3590	NUM
taxlaw-13768	254	4	(	(	PUNCT
taxlaw-13768	254	5	jan	jan	PROPN
taxlaw-13768	254	6	.	.	PROPN
taxlaw-13768	254	7	24	24	NUM
taxlaw-13768	254	8	,	,	PUNCT
taxlaw-13768	254	9	2000	2000	NUM
taxlaw-13768	254	10	)	)	PUNCT
taxlaw-13768	254	11	.	.	PUNCT
taxlaw-13768	255	1	51	51	NUM
taxlaw-13768	256	1	i	i	PRON
taxlaw-13768	256	2	d.	d.	PROPN
taxlaw-13768	256	3	52	52	NUM
taxlaw-13768	256	4	i	i	PRON
taxlaw-13768	256	5	d.	d.	PROPN
taxlaw-13768	256	6	2025	2025	NUM
taxlaw-13768	256	7	]	]	PUNCT
taxlaw-13768	256	8	reflections	reflection	NOUN
taxlaw-13768	256	9	on	on	ADP
taxlaw-13768	256	10	367(b	367(b	PROPN
taxlaw-13768	256	11	)	)	PUNCT
taxlaw-13768	256	12	regulations	regulation	NOUN
taxlaw-13768	256	13	and	and	CCONJ
taxlaw-13768	256	14	inbound	inbound	ADJ
taxlaw-13768	256	15	transactions	transaction	NOUN
taxlaw-13768	256	16	173	173	NUM
taxlaw-13768	256	17	regulations	regulation	NOUN
taxlaw-13768	256	18	finalized	finalize	VERB
taxlaw-13768	256	19	in	in	ADP
taxlaw-13768	256	20	2006	2006	NUM
taxlaw-13768	256	21	further	far	ADV
taxlaw-13768	256	22	modified	modify	VERB
taxlaw-13768	256	23	the	the	DET
taxlaw-13768	256	24	rules	rule	NOUN
taxlaw-13768	256	25	relating	relate	VERB
taxlaw-13768	256	26	to	to	ADP
taxlaw-13768	256	27	the	the	DET
taxlaw-13768	256	28	carryover	carryover	NOUN
taxlaw-13768	256	29	of	of	ADP
taxlaw-13768	256	30	e&p	e&p	PROPN
taxlaw-13768	256	31	and	and	CCONJ
taxlaw-13768	256	32	foreign	foreign	ADJ
taxlaw-13768	256	33	tax	tax	NOUN
taxlaw-13768	256	34	credits	credit	NOUN
taxlaw-13768	256	35	in	in	ADP
taxlaw-13768	256	36	inbound	inbound	ADJ
taxlaw-13768	256	37	transactions	transaction	NOUN
taxlaw-13768	256	38	,	,	PUNCT
taxlaw-13768	256	39	but	but	CCONJ
taxlaw-13768	256	40	the	the	DET
taxlaw-13768	256	41	framework	framework	NOUN
taxlaw-13768	256	42	has	have	AUX
taxlaw-13768	256	43	largely	largely	ADV
taxlaw-13768	256	44	stayed	stay	VERB
taxlaw-13768	256	45	the	the	DET
taxlaw-13768	256	46	same.53	same.53	NOUN
taxlaw-13768	256	47	iii	iii	PROPN
taxlaw-13768	256	48	.	.	PROPN
taxlaw-13768	256	49	re	re	VERB
taxlaw-13768	256	50	-	-	VERB
taxlaw-13768	256	51	examining	examine	VERB
taxlaw-13768	256	52	the	the	DET
taxlaw-13768	256	53	scope	scope	NOUN
taxlaw-13768	256	54	of	of	ADP
taxlaw-13768	256	55	the	the	DET
taxlaw-13768	256	56	inbound	inbound	ADJ
taxlaw-13768	256	57	asset	asset	NOUN
taxlaw-13768	256	58	reorganization	reorganization	NOUN
taxlaw-13768	256	59	regulations	regulation	NOUN
taxlaw-13768	256	60	:	:	PUNCT
taxlaw-13768	256	61	were	be	AUX
taxlaw-13768	256	62	they	they	PRON
taxlaw-13768	256	63	too	too	ADV
taxlaw-13768	256	64	broad	broad	ADJ
taxlaw-13768	256	65	?	?	PUNCT
taxlaw-13768	257	1	one	one	NUM
taxlaw-13768	257	2	way	way	NOUN
taxlaw-13768	257	3	to	to	PART
taxlaw-13768	257	4	fully	fully	ADV
taxlaw-13768	257	5	understand	understand	VERB
taxlaw-13768	257	6	the	the	DET
taxlaw-13768	257	7	underlying	underlie	VERB
taxlaw-13768	257	8	principles	principle	NOUN
taxlaw-13768	257	9	that	that	PRON
taxlaw-13768	257	10	informed	inform	VERB
taxlaw-13768	257	11	the	the	DET
taxlaw-13768	257	12	section	section	NOUN
taxlaw-13768	257	13	367(b	367(b	PROPN
taxlaw-13768	257	14	)	)	PUNCT
taxlaw-13768	257	15	regulations	regulation	NOUN
taxlaw-13768	257	16	,	,	PUNCT
taxlaw-13768	257	17	beyond	beyond	ADP
taxlaw-13768	257	18	reading	read	VERB
taxlaw-13768	257	19	the	the	DET
taxlaw-13768	257	20	preambles	preamble	NOUN
taxlaw-13768	257	21	cited	cite	VERB
taxlaw-13768	257	22	above	above	ADV
taxlaw-13768	257	23	,	,	PUNCT
taxlaw-13768	257	24	is	be	AUX
taxlaw-13768	257	25	to	to	PART
taxlaw-13768	257	26	go	go	VERB
taxlaw-13768	257	27	back	back	ADV
taxlaw-13768	257	28	to	to	ADP
taxlaw-13768	257	29	charles	charles	PROPN
taxlaw-13768	257	30	kingson	kingson	PROPN
taxlaw-13768	257	31	’s	’s	PART
taxlaw-13768	257	32	writings	writing	NOUN
taxlaw-13768	257	33	about	about	ADP
taxlaw-13768	257	34	them	they	PRON
taxlaw-13768	257	35	,	,	PUNCT
taxlaw-13768	257	36	given	give	VERB
taxlaw-13768	257	37	that	that	SCONJ
taxlaw-13768	257	38	kingson	kingson	NOUN
taxlaw-13768	257	39	served	serve	VERB
taxlaw-13768	257	40	as	as	ADP
taxlaw-13768	257	41	deputy	deputy	NOUN
taxlaw-13768	257	42	international	international	ADJ
taxlaw-13768	257	43	tax	tax	NOUN
taxlaw-13768	257	44	counsel	counsel	NOUN
taxlaw-13768	257	45	in	in	ADP
taxlaw-13768	257	46	the	the	DET
taxlaw-13768	257	47	u.s	u.s	PROPN
taxlaw-13768	257	48	.	.	PROPN
taxlaw-13768	257	49	treasury	treasury	PROPN
taxlaw-13768	257	50	department	department	PROPN
taxlaw-13768	257	51	during	during	ADP
taxlaw-13768	257	52	the	the	DET
taxlaw-13768	257	53	carter	carter	PROPN
taxlaw-13768	257	54	administration	administration	NOUN
taxlaw-13768	257	55	and	and	CCONJ
taxlaw-13768	257	56	wrote	write	VERB
taxlaw-13768	257	57	the	the	DET
taxlaw-13768	257	58	initial	initial	ADJ
taxlaw-13768	257	59	regulations	regulation	NOUN
taxlaw-13768	257	60	under	under	ADP
taxlaw-13768	257	61	section	section	NOUN
taxlaw-13768	257	62	367.54	367.54	NUM
taxlaw-13768	257	63	perhaps	perhaps	ADV
taxlaw-13768	257	64	the	the	DET
taxlaw-13768	257	65	most	most	ADV
taxlaw-13768	257	66	accessible	accessible	ADJ
taxlaw-13768	257	67	of	of	ADP
taxlaw-13768	257	68	kingson	kingson	NOUN
taxlaw-13768	257	69	’s	’s	PART
taxlaw-13768	257	70	writings	writing	NOUN
taxlaw-13768	257	71	are	be	AUX
taxlaw-13768	257	72	his	his	PRON
taxlaw-13768	257	73	1979	1979	NUM
taxlaw-13768	257	74	tax	tax	NOUN
taxlaw-13768	257	75	law	law	NOUN
taxlaw-13768	257	76	review	review	VERB
taxlaw-13768	257	77	article,55	article,55	NOUN
taxlaw-13768	257	78	after	after	SCONJ
taxlaw-13768	257	79	the	the	DET
taxlaw-13768	257	80	original	original	ADJ
taxlaw-13768	257	81	1977	1977	NUM
taxlaw-13768	257	82	temporary	temporary	ADJ
taxlaw-13768	257	83	regulations	regulation	NOUN
taxlaw-13768	257	84	were	be	AUX
taxlaw-13768	257	85	issued	issue	VERB
taxlaw-13768	257	86	,	,	PUNCT
taxlaw-13768	257	87	and	and	CCONJ
taxlaw-13768	257	88	an	an	DET
taxlaw-13768	257	89	article	article	NOUN
taxlaw-13768	257	90	he	he	PRON
taxlaw-13768	257	91	published	publish	VERB
taxlaw-13768	257	92	in	in	ADP
taxlaw-13768	257	93	tax	tax	NOUN
taxlaw-13768	257	94	notes	note	NOUN
taxlaw-13768	257	95	in	in	ADP
taxlaw-13768	257	96	2004,56	2004,56	PROPN
taxlaw-13768	257	97	after	after	SCONJ
taxlaw-13768	257	98	the	the	DET
taxlaw-13768	257	99	current	current	ADJ
taxlaw-13768	257	100	2000	2000	NUM
taxlaw-13768	257	101	final	final	ADJ
taxlaw-13768	257	102	regulations	regulation	NOUN
taxlaw-13768	257	103	were	be	AUX
taxlaw-13768	257	104	issued	issue	VERB
taxlaw-13768	257	105	.	.	PUNCT
taxlaw-13768	258	1	in	in	ADP
taxlaw-13768	258	2	both	both	DET
taxlaw-13768	258	3	articles	article	NOUN
taxlaw-13768	258	4	,	,	PUNCT
taxlaw-13768	258	5	kingson	kingson	PROPN
taxlaw-13768	258	6	begins	begin	VERB
taxlaw-13768	258	7	by	by	ADP
taxlaw-13768	258	8	acknowledging	acknowledge	VERB
taxlaw-13768	258	9	that	that	SCONJ
taxlaw-13768	258	10	the	the	DET
taxlaw-13768	258	11	statutory	statutory	ADJ
taxlaw-13768	258	12	standard	standard	NOUN
taxlaw-13768	258	13	for	for	ADP
taxlaw-13768	258	14	applying	apply	VERB
taxlaw-13768	258	15	section	section	NOUN
taxlaw-13768	258	16	367(b	367(b	PROPN
taxlaw-13768	258	17	)	)	PUNCT
taxlaw-13768	258	18	is	be	AUX
taxlaw-13768	258	19	“	"	PUNCT
taxlaw-13768	258	20	tax	tax	NOUN
taxlaw-13768	258	21	avoidance	avoidance	NOUN
taxlaw-13768	258	22	,	,	PUNCT
taxlaw-13768	258	23	”	"	PUNCT
taxlaw-13768	258	24	defining	define	VERB
taxlaw-13768	258	25	avoidance	avoidance	NOUN
taxlaw-13768	258	26	,	,	PUNCT
taxlaw-13768	258	27	for	for	ADP
taxlaw-13768	258	28	this	this	DET
taxlaw-13768	258	29	purpose	purpose	NOUN
taxlaw-13768	258	30	,	,	PUNCT
taxlaw-13768	258	31	as	as	SCONJ
taxlaw-13768	258	32	being	be	AUX
taxlaw-13768	258	33	able	able	ADJ
taxlaw-13768	258	34	to	to	PART
taxlaw-13768	258	35	do	do	VERB
taxlaw-13768	258	36	indirectly	indirectly	ADV
taxlaw-13768	258	37	what	what	PRON
taxlaw-13768	258	38	can	can	AUX
taxlaw-13768	258	39	not	not	PART
taxlaw-13768	258	40	be	be	AUX
taxlaw-13768	258	41	done	do	VERB
taxlaw-13768	258	42	directly.57	directly.57	PROPN
taxlaw-13768	258	43	kingson	kingson	PROPN
taxlaw-13768	258	44	stated	state	VERB
taxlaw-13768	258	45	that	that	SCONJ
taxlaw-13768	258	46	,	,	PUNCT
taxlaw-13768	258	47	with	with	ADP
taxlaw-13768	258	48	respect	respect	NOUN
taxlaw-13768	258	49	to	to	ADP
taxlaw-13768	258	50	inbound	inbound	ADJ
taxlaw-13768	258	51	asset	asset	NOUN
taxlaw-13768	258	52	reorganizations	reorganization	NOUN
taxlaw-13768	258	53	,	,	PUNCT
taxlaw-13768	258	54	section	section	NOUN
taxlaw-13768	258	55	367(b	367(b	PROPN
taxlaw-13768	258	56	)	)	PUNCT
taxlaw-13768	258	57	deals	deal	NOUN
taxlaw-13768	258	58	with	with	ADP
taxlaw-13768	258	59	both	both	PRON
taxlaw-13768	258	60	shareholder	shareholder	NOUN
taxlaw-13768	258	61	and	and	CCONJ
taxlaw-13768	258	62	corporate	corporate	ADJ
taxlaw-13768	258	63	level	level	NOUN
taxlaw-13768	258	64	tax	tax	NOUN
taxlaw-13768	258	65	avoidance	avoidance	NOUN
taxlaw-13768	258	66	.	.	PUNCT
taxlaw-13768	259	1	he	he	PRON
taxlaw-13768	259	2	believed	believe	VERB
taxlaw-13768	259	3	shareholder	shareholder	NOUN
taxlaw-13768	259	4	level	level	NOUN
taxlaw-13768	259	5	avoidance	avoidance	NOUN
taxlaw-13768	259	6	had	have	VERB
taxlaw-13768	259	7	to	to	PART
taxlaw-13768	259	8	do	do	VERB
taxlaw-13768	259	9	with	with	ADP
taxlaw-13768	259	10	preserving	preserve	VERB
taxlaw-13768	259	11	or	or	CCONJ
taxlaw-13768	259	12	triggering	trigger	VERB
taxlaw-13768	259	13	the	the	DET
taxlaw-13768	259	14	section	section	NOUN
taxlaw-13768	259	15	1248	1248	NUM
taxlaw-13768	259	16	amount	amount	NOUN
taxlaw-13768	259	17	and	and	CCONJ
taxlaw-13768	259	18	emphasized	emphasize	VERB
taxlaw-13768	259	19	that	that	SCONJ
taxlaw-13768	259	20	shareholder	shareholder	NOUN
taxlaw-13768	259	21	level	level	NOUN
taxlaw-13768	259	22	avoidance	avoidance	NOUN
taxlaw-13768	259	23	is	be	AUX
taxlaw-13768	259	24	wholly	wholly	ADV
taxlaw-13768	259	25	separate	separate	ADJ
taxlaw-13768	259	26	from	from	ADP
taxlaw-13768	259	27	corporate	corporate	ADJ
taxlaw-13768	259	28	level	level	NOUN
taxlaw-13768	259	29	avoidance	avoidance	NOUN
taxlaw-13768	259	30	.	.	PUNCT
taxlaw-13768	260	1	to	to	PART
taxlaw-13768	260	2	deal	deal	VERB
taxlaw-13768	260	3	with	with	ADP
taxlaw-13768	260	4	corporate	corporate	ADJ
taxlaw-13768	260	5	level	level	NOUN
taxlaw-13768	260	6	avoidance	avoidance	NOUN
taxlaw-13768	260	7	,	,	PUNCT
taxlaw-13768	260	8	he	he	PRON
taxlaw-13768	260	9	stated	state	VERB
taxlaw-13768	260	10	that	that	SCONJ
taxlaw-13768	260	11	the	the	DET
taxlaw-13768	260	12	section	section	NOUN
taxlaw-13768	260	13	367(b	367(b	PROPN
taxlaw-13768	260	14	)	)	PUNCT
taxlaw-13768	260	15	regulations	regulation	NOUN
taxlaw-13768	260	16	should	should	AUX
taxlaw-13768	260	17	result	result	VERB
taxlaw-13768	260	18	in	in	ADP
taxlaw-13768	260	19	a	a	DET
taxlaw-13768	260	20	broader	broad	ADJ
taxlaw-13768	260	21	income	income	NOUN
taxlaw-13768	260	22	inclusion	inclusion	NOUN
taxlaw-13768	260	23	than	than	ADP
taxlaw-13768	260	24	that	that	PRON
taxlaw-13768	260	25	required	require	VERB
taxlaw-13768	260	26	to	to	PART
taxlaw-13768	260	27	prevent	prevent	VERB
taxlaw-13768	260	28	shareholder	shareholder	NOUN
taxlaw-13768	260	29	level	level	NOUN
taxlaw-13768	260	30	avoidance	avoidance	NOUN
taxlaw-13768	260	31	because	because	SCONJ
taxlaw-13768	260	32	,	,	PUNCT
taxlaw-13768	260	33	as	as	SCONJ
taxlaw-13768	260	34	cited	cite	VERB
taxlaw-13768	260	35	above	above	ADV
taxlaw-13768	260	36	,	,	PUNCT
taxlaw-13768	260	37	“	"	PUNCT
taxlaw-13768	260	38	a	a	DET
taxlaw-13768	260	39	united	united	PROPN
taxlaw-13768	260	40	states	states	PROPN
taxlaw-13768	260	41	person	person	NOUN
taxlaw-13768	260	42	obtains	obtain	VERB
taxlaw-13768	260	43	tax	tax	NOUN
taxlaw-13768	260	44	basis	basis	NOUN
taxlaw-13768	260	45	only	only	ADV
taxlaw-13768	260	46	for	for	ADP
taxlaw-13768	260	47	amounts	amount	NOUN
taxlaw-13768	260	48	which	which	PRON
taxlaw-13768	260	49	have	have	AUX
taxlaw-13768	260	50	been	be	AUX
taxlaw-13768	260	51	included	include	VERB
taxlaw-13768	260	52	in	in	ADP
taxlaw-13768	260	53	income	income	NOUN
taxlaw-13768	260	54	.	.	PUNCT
taxlaw-13768	261	1	”58	”58	PROPN
taxlaw-13768	261	2	he	he	PRON
taxlaw-13768	261	3	cited	cite	VERB
taxlaw-13768	261	4	professor	professor	PROPN
taxlaw-13768	261	5	andrews	andrews	PROPN
taxlaw-13768	261	6	’	'	PUNCT
taxlaw-13768	261	7	renowned	renowned	ADJ
taxlaw-13768	261	8	article	article	NOUN
taxlaw-13768	261	9	on	on	ADP
taxlaw-13768	261	10	e&p	e&p	PROPN
taxlaw-13768	261	11	for	for	ADP
taxlaw-13768	261	12	that	that	DET
taxlaw-13768	261	13	principle59	principle59	NOUN
taxlaw-13768	261	14	and	and	CCONJ
taxlaw-13768	261	15	posited	posit	VERB
taxlaw-13768	261	16	that	that	SCONJ
taxlaw-13768	261	17	because	because	SCONJ
taxlaw-13768	261	18	an	an	DET
taxlaw-13768	261	19	inbound	inbound	ADJ
taxlaw-13768	261	20	asset	asset	NOUN
taxlaw-13768	261	21	reorganization	reorganization	NOUN
taxlaw-13768	261	22	results	result	NOUN
taxlaw-13768	261	23	in	in	ADP
taxlaw-13768	261	24	basis	basis	NOUN
taxlaw-13768	261	25	to	to	ADP
taxlaw-13768	261	26	a	a	DET
taxlaw-13768	261	27	u.s	u.s	PROPN
taxlaw-13768	261	28	.	.	PROPN
taxlaw-13768	261	29	corporation	corporation	NOUN
taxlaw-13768	261	30	,	,	PUNCT
taxlaw-13768	261	31	the	the	DET
taxlaw-13768	261	32	amount	amount	NOUN
taxlaw-13768	261	33	of	of	ADP
taxlaw-13768	261	34	income	income	NOUN
taxlaw-13768	261	35	giving	give	VERB
taxlaw-13768	261	36	rise	rise	NOUN
taxlaw-13768	261	37	to	to	ADP
taxlaw-13768	261	38	that	that	DET
taxlaw-13768	261	39	basis	basis	NOUN
taxlaw-13768	261	40	should	should	AUX
taxlaw-13768	261	41	be	be	AUX
taxlaw-13768	261	42	taxed	tax	VERB
taxlaw-13768	261	43	.	.	PUNCT
taxlaw-13768	262	1	after	after	ADV
taxlaw-13768	262	2	all	all	ADV
taxlaw-13768	262	3	,	,	PUNCT
taxlaw-13768	262	4	had	have	VERB
taxlaw-13768	262	5	the	the	DET
taxlaw-13768	262	6	income	income	NOUN
taxlaw-13768	262	7	been	be	AUX
taxlaw-13768	262	8	earned	earn	VERB
taxlaw-13768	262	9	directly	directly	ADV
taxlaw-13768	262	10	by	by	ADP
taxlaw-13768	262	11	the	the	DET
taxlaw-13768	262	12	u.s	u.s	PROPN
taxlaw-13768	262	13	.	.	PROPN
taxlaw-13768	262	14	person	person	PROPN
taxlaw-13768	262	15	,	,	PUNCT
taxlaw-13768	262	16	it	it	PRON
taxlaw-13768	262	17	would	would	AUX
taxlaw-13768	262	18	have	have	AUX
taxlaw-13768	262	19	been	be	AUX
taxlaw-13768	262	20	subject	subject	ADJ
taxlaw-13768	262	21	to	to	ADP
taxlaw-13768	262	22	u.s	u.s	PROPN
taxlaw-13768	262	23	.	.	PROPN
taxlaw-13768	262	24	tax	tax	NOUN
taxlaw-13768	262	25	.	.	PUNCT
taxlaw-13768	263	1	kingson	kingson	PROPN
taxlaw-13768	263	2	then	then	ADV
taxlaw-13768	263	3	explained	explain	VERB
taxlaw-13768	263	4	,	,	PUNCT
taxlaw-13768	263	5	however	however	ADV
taxlaw-13768	263	6	,	,	PUNCT
taxlaw-13768	263	7	that	that	SCONJ
taxlaw-13768	263	8	not	not	PART
taxlaw-13768	263	9	all	all	DET
taxlaw-13768	263	10	such	such	ADJ
taxlaw-13768	263	11	earnings	earning	NOUN
taxlaw-13768	263	12	should	should	AUX
taxlaw-13768	263	13	be	be	AUX
taxlaw-13768	263	14	taxed	tax	VERB
taxlaw-13768	263	15	:	:	PUNCT
taxlaw-13768	263	16	“	"	PUNCT
taxlaw-13768	263	17	[	[	X
taxlaw-13768	263	18	t]he	t]he	ADV
taxlaw-13768	263	19	inclusion	inclusion	NOUN
taxlaw-13768	263	20	is	be	AUX
taxlaw-13768	263	21	limited	limit	VERB
taxlaw-13768	263	22	to	to	ADP
taxlaw-13768	263	23	the	the	DET
taxlaw-13768	263	24	earnings	earning	NOUN
taxlaw-13768	263	25	accumulated	accumulate	VERB
taxlaw-13768	263	26	while	while	SCONJ
taxlaw-13768	263	27	the	the	DET
taxlaw-13768	263	28	shareholder	shareholder	NOUN
taxlaw-13768	263	29	held	hold	VERB
taxlaw-13768	263	30	stock	stock	NOUN
taxlaw-13768	263	31	in	in	ADP
taxlaw-13768	263	32	the	the	DET
taxlaw-13768	263	33	transferor	transferor	NOUN
taxlaw-13768	263	34	foreign	foreign	ADJ
taxlaw-13768	263	35	corporation	corporation	NOUN
taxlaw-13768	263	36	since	since	SCONJ
taxlaw-13768	263	37	…	…	PUNCT
taxlaw-13768	263	38	earnings	earning	NOUN
taxlaw-13768	263	39	accumulated	accumulate	VERB
taxlaw-13768	263	40	prior	prior	ADV
taxlaw-13768	263	41	to	to	ADP
taxlaw-13768	263	42	its	its	PRON
taxlaw-13768	263	43	participation	participation	NOUN
taxlaw-13768	263	44	economically	economically	ADV
taxlaw-13768	263	45	represent	represent	VERB
taxlaw-13768	263	46	capital	capital	NOUN
taxlaw-13768	263	47	.	.	PUNCT
taxlaw-13768	264	1	”60	”60	PROPN
taxlaw-13768	264	2	in	in	ADP
taxlaw-13768	264	3	other	other	ADJ
taxlaw-13768	264	4	53	53	NUM
taxlaw-13768	264	5	71	71	NUM
taxlaw-13768	264	6	fed	fed	PROPN
taxlaw-13768	264	7	.	.	PUNCT
taxlaw-13768	265	1	reg	reg	PROPN
taxlaw-13768	265	2	.	.	PUNCT
taxlaw-13768	266	1	44887	44887	NUM
taxlaw-13768	266	2	(	(	PUNCT
taxlaw-13768	266	3	aug	aug	PROPN
taxlaw-13768	266	4	.	.	PROPN
taxlaw-13768	266	5	8	8	NUM
taxlaw-13768	266	6	,	,	PUNCT
taxlaw-13768	266	7	2006	2006	NUM
taxlaw-13768	266	8	)	)	PUNCT
taxlaw-13768	266	9	.	.	PUNCT
taxlaw-13768	267	1	54	54	NUM
taxlaw-13768	267	2	in	in	ADP
taxlaw-13768	267	3	memoriam	memoriam	PROPN
taxlaw-13768	267	4	:	:	PUNCT
taxlaw-13768	267	5	charles	charles	PROPN
taxlaw-13768	267	6	kingson	kingson	PROPN
taxlaw-13768	267	7	(	(	PUNCT
taxlaw-13768	267	8	1938	1938	NUM
taxlaw-13768	267	9	-	-	SYM
taxlaw-13768	267	10	2019	2019	NUM
taxlaw-13768	267	11	)	)	PUNCT
taxlaw-13768	267	12	,	,	PUNCT
taxlaw-13768	267	13	nyu	nyu	PROPN
taxlaw-13768	267	14	law	law	PROPN
taxlaw-13768	267	15	news	news	PROPN
taxlaw-13768	267	16	(	(	PUNCT
taxlaw-13768	267	17	mar	mar	PROPN
taxlaw-13768	267	18	.	.	PROPN
taxlaw-13768	267	19	18	18	NUM
taxlaw-13768	267	20	,	,	PUNCT
taxlaw-13768	267	21	2019	2019	NUM
taxlaw-13768	267	22	)	)	PUNCT
taxlaw-13768	268	1	https://www.law.nyu.edu/news/charles-kingson-in-memoriam-graduate-tax-programinternational	https://www.law.nyu.edu/news/charles-kingson-in-memoriam-graduate-tax-programinternational	PROPN
taxlaw-13768	269	1	[	[	X
taxlaw-13768	269	2	https://perma.cc/8swj-ewrr	https://perma.cc/8swj-ewrr	PROPN
taxlaw-13768	269	3	]	]	X
taxlaw-13768	269	4	.	.	PUNCT
taxlaw-13768	270	1	55	55	NUM
taxlaw-13768	270	2	kingson	kingson	NOUN
taxlaw-13768	270	3	,	,	PUNCT
taxlaw-13768	270	4	supra	supra	PROPN
taxlaw-13768	270	5	note	note	NOUN
taxlaw-13768	270	6	15	15	NUM
taxlaw-13768	270	7	.	.	X
taxlaw-13768	271	1	56	56	NUM
taxlaw-13768	271	2	see	see	VERB
taxlaw-13768	271	3	charles	charles	PROPN
taxlaw-13768	271	4	i.	i.	PROPN
taxlaw-13768	271	5	kingson	kingson	PROPN
taxlaw-13768	271	6	,	,	PUNCT
taxlaw-13768	271	7	seven	seven	NUM
taxlaw-13768	271	8	lessons	lesson	NOUN
taxlaw-13768	271	9	on	on	ADP
taxlaw-13768	271	10	section	section	NOUN
taxlaw-13768	271	11	367	367	NUM
taxlaw-13768	271	12	,	,	PUNCT
taxlaw-13768	271	13	105	105	NUM
taxlaw-13768	271	14	tax	tax	NOUN
taxlaw-13768	271	15	notes	note	NOUN
taxlaw-13768	271	16	fed	feed	VERB
taxlaw-13768	271	17	.	.	PUNCT
taxlaw-13768	272	1	(	(	PUNCT
taxlaw-13768	272	2	ta	ta	X
taxlaw-13768	272	3	)	)	PUNCT
taxlaw-13768	272	4	1015	1015	NUM
taxlaw-13768	272	5	(	(	PUNCT
taxlaw-13768	272	6	sept	sept	PROPN
taxlaw-13768	272	7	.	.	PROPN
taxlaw-13768	272	8	13	13	NUM
taxlaw-13768	272	9	,	,	PUNCT
taxlaw-13768	272	10	2004	2004	NUM
taxlaw-13768	272	11	)	)	PUNCT
taxlaw-13768	272	12	.	.	PUNCT
taxlaw-13768	273	1	57	57	NUM
taxlaw-13768	273	2	kingson	kingson	NOUN
taxlaw-13768	273	3	,	,	PUNCT
taxlaw-13768	273	4	supra	supra	PROPN
taxlaw-13768	273	5	note	note	PROPN
taxlaw-13768	273	6	15	15	NUM
taxlaw-13768	273	7	,	,	PUNCT
taxlaw-13768	273	8	at	at	ADP
taxlaw-13768	273	9	28	28	NUM
taxlaw-13768	273	10	-	-	SYM
taxlaw-13768	273	11	33	33	NUM
taxlaw-13768	273	12	.	.	PUNCT
taxlaw-13768	274	1	he	he	PRON
taxlaw-13768	274	2	analogized	analogize	VERB
taxlaw-13768	274	3	the	the	DET
taxlaw-13768	274	4	standard	standard	NOUN
taxlaw-13768	274	5	as	as	ADP
taxlaw-13768	274	6	the	the	DET
taxlaw-13768	274	7	negative	negative	ADJ
taxlaw-13768	274	8	use	use	NOUN
taxlaw-13768	274	9	of	of	ADP
taxlaw-13768	274	10	the	the	DET
taxlaw-13768	274	11	affirmative	affirmative	ADJ
taxlaw-13768	274	12	“	"	PUNCT
taxlaw-13768	274	13	tax	tax	NOUN
taxlaw-13768	274	14	avoidance	avoidance	NOUN
taxlaw-13768	274	15	”	"	PUNCT
taxlaw-13768	274	16	standard	standard	NOUN
taxlaw-13768	274	17	in	in	ADP
taxlaw-13768	274	18	section	section	NOUN
taxlaw-13768	274	19	269	269	NUM
taxlaw-13768	274	20	as	as	SCONJ
taxlaw-13768	274	21	applied	apply	VERB
taxlaw-13768	274	22	in	in	ADP
taxlaw-13768	274	23	the	the	DET
taxlaw-13768	274	24	cromwell	cromwell	PROPN
taxlaw-13768	274	25	case	case	NOUN
taxlaw-13768	274	26	.	.	PUNCT
taxlaw-13768	275	1	see	see	VERB
taxlaw-13768	275	2	also	also	ADV
taxlaw-13768	275	3	cromwell	cromwell	PROPN
taxlaw-13768	275	4	corp	corp	PROPN
taxlaw-13768	275	5	.	.	PROPN
taxlaw-13768	276	1	v.	v.	ADP
taxlaw-13768	276	2	comm’r	comm’r	NOUN
taxlaw-13768	276	3	,	,	PUNCT
taxlaw-13768	276	4	43	43	NUM
taxlaw-13768	276	5	t.c	t.c	PROPN
taxlaw-13768	276	6	.	.	PROPN
taxlaw-13768	276	7	313	313	NUM
taxlaw-13768	276	8	,	,	PUNCT
taxlaw-13768	276	9	322	322	NUM
taxlaw-13768	276	10	(	(	PUNCT
taxlaw-13768	276	11	1964	1964	NUM
taxlaw-13768	276	12	)	)	PUNCT
taxlaw-13768	276	13	.	.	PUNCT
taxlaw-13768	277	1	58	58	NUM
taxlaw-13768	277	2	kingson	kingson	NOUN
taxlaw-13768	277	3	,	,	PUNCT
taxlaw-13768	277	4	supra	supra	PROPN
taxlaw-13768	277	5	note	note	PROPN
taxlaw-13768	277	6	15	15	NUM
taxlaw-13768	277	7	,	,	PUNCT
taxlaw-13768	277	8	at	at	ADP
taxlaw-13768	277	9	27	27	NUM
taxlaw-13768	277	10	.	.	PUNCT
taxlaw-13768	278	1	59	59	NUM
taxlaw-13768	278	2	see	see	VERB
taxlaw-13768	278	3	william	william	PROPN
taxlaw-13768	278	4	d.	d.	PROPN
taxlaw-13768	278	5	andrews	andrews	PROPN
taxlaw-13768	278	6	,	,	PUNCT
taxlaw-13768	278	7	“	"	PUNCT
taxlaw-13768	278	8	out	out	ADP
taxlaw-13768	278	9	of	of	ADP
taxlaw-13768	278	10	its	its	PRON
taxlaw-13768	278	11	earnings	earning	NOUN
taxlaw-13768	278	12	and	and	CCONJ
taxlaw-13768	278	13	profits	profit	NOUN
taxlaw-13768	278	14	”	"	PUNCT
taxlaw-13768	278	15	:	:	PUNCT
taxlaw-13768	278	16	some	some	DET
taxlaw-13768	278	17	reflections	reflection	NOUN
taxlaw-13768	278	18	on	on	ADP
taxlaw-13768	278	19	the	the	DET
taxlaw-13768	278	20	taxation	taxation	NOUN
taxlaw-13768	278	21	of	of	ADP
taxlaw-13768	278	22	dividends	dividend	NOUN
taxlaw-13768	278	23	,	,	PUNCT
taxlaw-13768	278	24	69	69	NUM
taxlaw-13768	278	25	harv	harv	NOUN
taxlaw-13768	278	26	.	.	PUNCT
taxlaw-13768	279	1	l.	l.	PROPN
taxlaw-13768	279	2	rev	rev	PROPN
taxlaw-13768	279	3	.	.	PROPN
taxlaw-13768	279	4	1403	1403	NUM
taxlaw-13768	279	5	,	,	PUNCT
taxlaw-13768	279	6	1408	1408	NUM
taxlaw-13768	279	7	(	(	PUNCT
taxlaw-13768	279	8	1956	1956	NUM
taxlaw-13768	279	9	)	)	PUNCT
taxlaw-13768	279	10	.	.	PUNCT
taxlaw-13768	280	1	60	60	NUM
taxlaw-13768	280	2	kingson	kingson	NOUN
taxlaw-13768	280	3	,	,	PUNCT
taxlaw-13768	280	4	supra	supra	PROPN
taxlaw-13768	280	5	note	note	PROPN
taxlaw-13768	280	6	15	15	NUM
taxlaw-13768	280	7	,	,	PUNCT
taxlaw-13768	280	8	at	at	ADP
taxlaw-13768	280	9	28	28	NUM
taxlaw-13768	280	10	.	.	PUNCT
taxlaw-13768	281	1	https://perma.cc/8swj-ewrr	https://perma.cc/8swj-ewrr	PROPN
taxlaw-13768	281	2	174	174	NUM
taxlaw-13768	281	3	columbia	columbia	PROPN
taxlaw-13768	281	4	journal	journal	PROPN
taxlaw-13768	281	5	of	of	ADP
taxlaw-13768	281	6	tax	tax	NOUN
taxlaw-13768	281	7	law	law	NOUN
taxlaw-13768	282	1	[	[	X
taxlaw-13768	282	2	vol	vol	NOUN
taxlaw-13768	282	3	.	.	PUNCT
taxlaw-13768	283	1	16:2	16:2	NUM
taxlaw-13768	283	2	words	word	NOUN
taxlaw-13768	283	3	,	,	PUNCT
taxlaw-13768	283	4	since	since	SCONJ
taxlaw-13768	283	5	capital	capital	NOUN
taxlaw-13768	283	6	as	as	ADV
taxlaw-13768	283	7	well	well	ADV
taxlaw-13768	283	8	as	as	ADP
taxlaw-13768	283	9	earnings	earning	NOUN
taxlaw-13768	283	10	gives	give	VERB
taxlaw-13768	283	11	rise	rise	NOUN
taxlaw-13768	283	12	to	to	ADP
taxlaw-13768	283	13	basis	basis	NOUN
taxlaw-13768	283	14	in	in	ADP
taxlaw-13768	283	15	assets	asset	NOUN
taxlaw-13768	283	16	,	,	PUNCT
taxlaw-13768	283	17	only	only	ADV
taxlaw-13768	283	18	earnings	earning	NOUN
taxlaw-13768	283	19	tied	tie	VERB
taxlaw-13768	283	20	to	to	ADP
taxlaw-13768	283	21	current	current	ADJ
taxlaw-13768	283	22	shareholders	shareholder	NOUN
taxlaw-13768	283	23	need	need	AUX
taxlaw-13768	283	24	be	be	AUX
taxlaw-13768	283	25	taxed	tax	VERB
taxlaw-13768	283	26	.	.	PUNCT
taxlaw-13768	284	1	he	he	PRON
taxlaw-13768	284	2	went	go	VERB
taxlaw-13768	284	3	on	on	ADP
taxlaw-13768	284	4	to	to	PART
taxlaw-13768	284	5	say	say	VERB
taxlaw-13768	284	6	that	that	SCONJ
taxlaw-13768	284	7	,	,	PUNCT
taxlaw-13768	284	8	in	in	ADP
taxlaw-13768	284	9	the	the	DET
taxlaw-13768	284	10	context	context	NOUN
taxlaw-13768	284	11	of	of	ADP
taxlaw-13768	284	12	section	section	NOUN
taxlaw-13768	284	13	367(b	367(b	PROPN
taxlaw-13768	284	14	)	)	PUNCT
taxlaw-13768	284	15	and	and	CCONJ
taxlaw-13768	284	16	foreign	foreign	ADJ
taxlaw-13768	284	17	corporations	corporation	NOUN
taxlaw-13768	284	18	,	,	PUNCT
taxlaw-13768	284	19	the	the	DET
taxlaw-13768	284	20	existence	existence	NOUN
taxlaw-13768	284	21	of	of	ADP
taxlaw-13768	284	22	avoidance	avoidance	NOUN
taxlaw-13768	284	23	at	at	ADP
taxlaw-13768	284	24	the	the	DET
taxlaw-13768	284	25	corporate	corporate	ADJ
taxlaw-13768	284	26	level	level	NOUN
taxlaw-13768	284	27	is	be	AUX
taxlaw-13768	284	28	“	"	PUNCT
taxlaw-13768	284	29	cloud[ed	cloud[ed	PROPN
taxlaw-13768	284	30	]	]	PUNCT
taxlaw-13768	284	31	”	"	PUNCT
taxlaw-13768	284	32	by	by	ADP
taxlaw-13768	284	33	the	the	DET
taxlaw-13768	284	34	fact	fact	NOUN
taxlaw-13768	284	35	that	that	SCONJ
taxlaw-13768	284	36	in	in	ADP
taxlaw-13768	284	37	an	an	DET
taxlaw-13768	284	38	inbound	inbound	ADJ
taxlaw-13768	284	39	section	section	NOUN
taxlaw-13768	284	40	361	361	NUM
taxlaw-13768	284	41	transaction	transaction	NOUN
taxlaw-13768	284	42	,	,	PUNCT
taxlaw-13768	284	43	section	section	NOUN
taxlaw-13768	284	44	367(b	367(b	PROPN
taxlaw-13768	284	45	)	)	PUNCT
taxlaw-13768	284	46	can	can	AUX
taxlaw-13768	284	47	only	only	ADV
taxlaw-13768	284	48	apply	apply	VERB
taxlaw-13768	284	49	at	at	ADP
taxlaw-13768	284	50	the	the	DET
taxlaw-13768	284	51	shareholder	shareholder	NOUN
taxlaw-13768	284	52	level	level	NOUN
taxlaw-13768	284	53	and	and	CCONJ
taxlaw-13768	284	54	not	not	PART
taxlaw-13768	284	55	at	at	ADP
taxlaw-13768	284	56	the	the	DET
taxlaw-13768	284	57	corporate	corporate	ADJ
taxlaw-13768	284	58	level,61	level,61	NOUN
taxlaw-13768	284	59	and	and	CCONJ
taxlaw-13768	284	60	that	that	SCONJ
taxlaw-13768	284	61	in	in	ADP
taxlaw-13768	284	62	a	a	DET
taxlaw-13768	284	63	section	section	NOUN
taxlaw-13768	284	64	332	332	NUM
taxlaw-13768	284	65	inbound	inbound	ADJ
taxlaw-13768	284	66	liquidation	liquidation	NOUN
taxlaw-13768	284	67	the	the	DET
taxlaw-13768	284	68	foreign	foreign	ADJ
taxlaw-13768	284	69	corporation	corporation	NOUN
taxlaw-13768	284	70	disappears	disappear	VERB
taxlaw-13768	284	71	.	.	PUNCT
taxlaw-13768	285	1	this	this	DET
taxlaw-13768	285	2	last	last	ADJ
taxlaw-13768	285	3	point	point	NOUN
taxlaw-13768	285	4	was	be	AUX
taxlaw-13768	285	5	not	not	PART
taxlaw-13768	285	6	emphasized	emphasize	VERB
taxlaw-13768	285	7	in	in	ADP
taxlaw-13768	285	8	his	his	PRON
taxlaw-13768	285	9	writing	writing	NOUN
taxlaw-13768	285	10	but	but	CCONJ
taxlaw-13768	285	11	is	be	AUX
taxlaw-13768	285	12	of	of	ADP
taxlaw-13768	285	13	crucial	crucial	ADJ
taxlaw-13768	285	14	importance	importance	NOUN
taxlaw-13768	285	15	to	to	ADP
taxlaw-13768	285	16	understanding	understand	VERB
taxlaw-13768	285	17	the	the	DET
taxlaw-13768	285	18	regulations	regulation	NOUN
taxlaw-13768	285	19	.	.	PUNCT
taxlaw-13768	286	1	the	the	DET
taxlaw-13768	286	2	expansion	expansion	NOUN
taxlaw-13768	286	3	of	of	ADP
taxlaw-13768	286	4	shareholder	shareholder	NOUN
taxlaw-13768	286	5	taxation	taxation	NOUN
taxlaw-13768	286	6	in	in	ADP
taxlaw-13768	286	7	inbound	inbound	ADJ
taxlaw-13768	286	8	asset	asset	NOUN
taxlaw-13768	286	9	reorganizations	reorganization	NOUN
taxlaw-13768	286	10	,	,	PUNCT
taxlaw-13768	286	11	beyond	beyond	ADP
taxlaw-13768	286	12	dealing	deal	VERB
taxlaw-13768	286	13	with	with	ADP
taxlaw-13768	286	14	shareholder	shareholder	NOUN
taxlaw-13768	286	15	section	section	NOUN
taxlaw-13768	286	16	1248	1248	NUM
taxlaw-13768	286	17	amounts	amount	NOUN
taxlaw-13768	286	18	—	—	PUNCT
taxlaw-13768	286	19	to	to	PART
taxlaw-13768	286	20	tax	tax	VERB
taxlaw-13768	286	21	the	the	DET
taxlaw-13768	286	22	all	all	DET
taxlaw-13768	286	23	e&p	e&p	PROPN
taxlaw-13768	286	24	amount	amount	NOUN
taxlaw-13768	286	25	rather	rather	ADV
taxlaw-13768	286	26	than	than	ADP
taxlaw-13768	286	27	the	the	DET
taxlaw-13768	286	28	section	section	NOUN
taxlaw-13768	286	29	1248	1248	NUM
taxlaw-13768	286	30	amount	amount	NOUN
taxlaw-13768	286	31	of	of	ADP
taxlaw-13768	286	32	section	section	NOUN
taxlaw-13768	286	33	1248	1248	NUM
taxlaw-13768	286	34	shareholders	shareholder	NOUN
taxlaw-13768	286	35	and	and	CCONJ
taxlaw-13768	286	36	to	to	PART
taxlaw-13768	286	37	tax	tax	VERB
taxlaw-13768	286	38	other	other	ADJ
taxlaw-13768	286	39	u.s	u.s	PROPN
taxlaw-13768	286	40	.	.	PROPN
taxlaw-13768	286	41	taxpayers	taxpayer	NOUN
taxlaw-13768	286	42	who	who	PRON
taxlaw-13768	286	43	are	be	AUX
taxlaw-13768	286	44	not	not	PART
taxlaw-13768	286	45	u.s	u.s	PROPN
taxlaw-13768	286	46	.	.	PROPN
taxlaw-13768	286	47	shareholders	shareholder	NOUN
taxlaw-13768	286	48	—	—	PUNCT
taxlaw-13768	286	49	serves	serve	VERB
taxlaw-13768	286	50	as	as	ADP
taxlaw-13768	286	51	a	a	DET
taxlaw-13768	286	52	proxy	proxy	NOUN
taxlaw-13768	286	53	for	for	ADP
taxlaw-13768	286	54	the	the	DET
taxlaw-13768	286	55	tax	tax	NOUN
taxlaw-13768	286	56	that	that	PRON
taxlaw-13768	286	57	should	should	AUX
taxlaw-13768	286	58	have	have	AUX
taxlaw-13768	286	59	been	be	AUX
taxlaw-13768	286	60	imposed	impose	VERB
taxlaw-13768	286	61	at	at	ADP
taxlaw-13768	286	62	the	the	DET
taxlaw-13768	286	63	corporate	corporate	ADJ
taxlaw-13768	286	64	level	level	NOUN
taxlaw-13768	286	65	but	but	CCONJ
taxlaw-13768	286	66	could	could	AUX
taxlaw-13768	286	67	not	not	PART
taxlaw-13768	286	68	be	be	AUX
taxlaw-13768	286	69	because	because	SCONJ
taxlaw-13768	286	70	of	of	ADP
taxlaw-13768	286	71	the	the	DET
taxlaw-13768	286	72	statutory	statutory	ADJ
taxlaw-13768	286	73	limitations	limitation	NOUN
taxlaw-13768	286	74	on	on	ADP
taxlaw-13768	286	75	the	the	DET
taxlaw-13768	286	76	scope	scope	NOUN
taxlaw-13768	286	77	of	of	ADP
taxlaw-13768	286	78	section	section	NOUN
taxlaw-13768	286	79	367(b	367(b	PROPN
taxlaw-13768	286	80	)	)	PUNCT
taxlaw-13768	286	81	.	.	PUNCT
taxlaw-13768	287	1	at	at	ADP
taxlaw-13768	287	2	various	various	ADJ
taxlaw-13768	287	3	times	time	NOUN
taxlaw-13768	287	4	the	the	DET
taxlaw-13768	287	5	regulation	regulation	NOUN
taxlaw-13768	287	6	writers	writer	NOUN
taxlaw-13768	287	7	considered	consider	VERB
taxlaw-13768	287	8	other	other	ADJ
taxlaw-13768	287	9	proxies	proxy	NOUN
taxlaw-13768	287	10	for	for	ADP
taxlaw-13768	287	11	imposing	impose	VERB
taxlaw-13768	287	12	corporate	corporate	ADJ
taxlaw-13768	287	13	level	level	NOUN
taxlaw-13768	287	14	tax	tax	NOUN
taxlaw-13768	287	15	,	,	PUNCT
taxlaw-13768	287	16	including	include	VERB
taxlaw-13768	287	17	a	a	DET
taxlaw-13768	287	18	downward	downward	ADJ
taxlaw-13768	287	19	adjustment	adjustment	NOUN
taxlaw-13768	287	20	to	to	ADP
taxlaw-13768	287	21	the	the	DET
taxlaw-13768	287	22	basis	basis	NOUN
taxlaw-13768	287	23	of	of	ADP
taxlaw-13768	287	24	the	the	DET
taxlaw-13768	287	25	assets	asset	NOUN
taxlaw-13768	287	26	inbounded	inbounde	VERB
taxlaw-13768	287	27	in	in	ADP
taxlaw-13768	287	28	an	an	DET
taxlaw-13768	287	29	inbound	inbound	ADJ
taxlaw-13768	287	30	asset	asset	NOUN
taxlaw-13768	287	31	reorganization	reorganization	NOUN
taxlaw-13768	287	32	to	to	ADP
taxlaw-13768	287	33	the	the	DET
taxlaw-13768	287	34	extent	extent	NOUN
taxlaw-13768	287	35	all	all	DET
taxlaw-13768	287	36	e&p	e&p	PROPN
taxlaw-13768	287	37	was	be	AUX
taxlaw-13768	287	38	not	not	PART
taxlaw-13768	287	39	taxed	tax	VERB
taxlaw-13768	287	40	at	at	ADP
taxlaw-13768	287	41	the	the	DET
taxlaw-13768	287	42	shareholder	shareholder	NOUN
taxlaw-13768	287	43	level	level	NOUN
taxlaw-13768	287	44	.	.	PUNCT
taxlaw-13768	288	1	ultimately	ultimately	ADV
taxlaw-13768	288	2	,	,	PUNCT
taxlaw-13768	288	3	as	as	SCONJ
taxlaw-13768	288	4	described	describe	VERB
taxlaw-13768	288	5	above	above	ADV
taxlaw-13768	288	6	,	,	PUNCT
taxlaw-13768	288	7	that	that	SCONJ
taxlaw-13768	288	8	“	"	PUNCT
taxlaw-13768	288	9	fix	fix	NOUN
taxlaw-13768	288	10	”	"	PUNCT
taxlaw-13768	288	11	was	be	AUX
taxlaw-13768	288	12	rejected	reject	VERB
taxlaw-13768	288	13	,	,	PUNCT
taxlaw-13768	288	14	not	not	PART
taxlaw-13768	288	15	because	because	SCONJ
taxlaw-13768	288	16	it	it	PRON
taxlaw-13768	288	17	was	be	AUX
taxlaw-13768	288	18	inappropriate	inappropriate	ADJ
taxlaw-13768	288	19	in	in	ADP
taxlaw-13768	288	20	theory	theory	NOUN
taxlaw-13768	288	21	,	,	PUNCT
taxlaw-13768	288	22	but	but	CCONJ
taxlaw-13768	288	23	because	because	SCONJ
taxlaw-13768	288	24	as	as	ADP
taxlaw-13768	288	25	a	a	DET
taxlaw-13768	288	26	practical	practical	ADJ
taxlaw-13768	288	27	matter	matter	NOUN
taxlaw-13768	288	28	it	it	PRON
taxlaw-13768	288	29	would	would	AUX
taxlaw-13768	288	30	unfairly	unfairly	ADV
taxlaw-13768	288	31	affect	affect	VERB
taxlaw-13768	288	32	corporate	corporate	ADJ
taxlaw-13768	288	33	level	level	NOUN
taxlaw-13768	288	34	results	result	NOUN
taxlaw-13768	288	35	with	with	ADP
taxlaw-13768	288	36	respect	respect	NOUN
taxlaw-13768	288	37	to	to	ADP
taxlaw-13768	288	38	all	all	DET
taxlaw-13768	288	39	shareholders	shareholder	NOUN
taxlaw-13768	288	40	rather	rather	ADV
taxlaw-13768	288	41	than	than	ADP
taxlaw-13768	288	42	just	just	ADV
taxlaw-13768	288	43	historical	historical	ADJ
taxlaw-13768	288	44	u.s	u.s	PROPN
taxlaw-13768	288	45	.	.	PROPN
taxlaw-13768	288	46	shareholders	shareholder	NOUN
taxlaw-13768	288	47	.	.	PUNCT
taxlaw-13768	289	1	the	the	DET
taxlaw-13768	289	2	above	above	ADJ
taxlaw-13768	289	3	thinking	thinking	NOUN
taxlaw-13768	289	4	has	have	AUX
taxlaw-13768	289	5	led	lead	VERB
taxlaw-13768	289	6	to	to	ADP
taxlaw-13768	289	7	a	a	DET
taxlaw-13768	289	8	regime	regime	NOUN
taxlaw-13768	289	9	that	that	PRON
taxlaw-13768	289	10	imposes	impose	VERB
taxlaw-13768	289	11	tax	tax	NOUN
taxlaw-13768	289	12	at	at	ADP
taxlaw-13768	289	13	the	the	DET
taxlaw-13768	289	14	shareholder	shareholder	NOUN
taxlaw-13768	289	15	level	level	NOUN
taxlaw-13768	289	16	to	to	PART
taxlaw-13768	289	17	deal	deal	VERB
taxlaw-13768	289	18	with	with	ADP
taxlaw-13768	289	19	perceived	perceive	VERB
taxlaw-13768	289	20	corporate	corporate	ADJ
taxlaw-13768	289	21	level	level	NOUN
taxlaw-13768	289	22	avoidance	avoidance	NOUN
taxlaw-13768	289	23	.	.	PUNCT
taxlaw-13768	290	1	to	to	ADP
taxlaw-13768	290	2	many	many	ADJ
taxlaw-13768	290	3	observers	observer	NOUN
taxlaw-13768	290	4	,	,	PUNCT
taxlaw-13768	290	5	over	over	ADP
taxlaw-13768	290	6	time	time	NOUN
taxlaw-13768	290	7	the	the	DET
taxlaw-13768	290	8	historical	historical	ADJ
taxlaw-13768	290	9	rationale	rationale	NOUN
taxlaw-13768	290	10	for	for	ADP
taxlaw-13768	290	11	taxing	tax	VERB
taxlaw-13768	290	12	shareholders	shareholder	NOUN
taxlaw-13768	290	13	became	become	VERB
taxlaw-13768	290	14	obscured	obscured	ADJ
taxlaw-13768	290	15	.	.	PUNCT
taxlaw-13768	291	1	but	but	CCONJ
taxlaw-13768	291	2	the	the	DET
taxlaw-13768	291	3	end	end	NOUN
taxlaw-13768	291	4	result	result	NOUN
taxlaw-13768	291	5	is	be	AUX
taxlaw-13768	291	6	that	that	SCONJ
taxlaw-13768	291	7	relatively	relatively	ADV
taxlaw-13768	291	8	small	small	ADJ
taxlaw-13768	291	9	shareholders	shareholder	NOUN
taxlaw-13768	291	10	in	in	ADP
taxlaw-13768	291	11	a	a	DET
taxlaw-13768	291	12	foreign	foreign	ADJ
taxlaw-13768	291	13	corporation	corporation	NOUN
taxlaw-13768	291	14	are	be	AUX
taxlaw-13768	291	15	taxed	tax	VERB
taxlaw-13768	291	16	in	in	ADP
taxlaw-13768	291	17	an	an	DET
taxlaw-13768	291	18	otherwise	otherwise	ADV
taxlaw-13768	291	19	tax	tax	NOUN
taxlaw-13768	291	20	-	-	PUNCT
taxlaw-13768	291	21	free	free	ADJ
taxlaw-13768	291	22	inbound	inbound	ADJ
taxlaw-13768	291	23	asset	asset	NOUN
taxlaw-13768	291	24	reorganization	reorganization	NOUN
taxlaw-13768	291	25	because	because	SCONJ
taxlaw-13768	291	26	the	the	DET
taxlaw-13768	291	27	foreign	foreign	ADJ
taxlaw-13768	291	28	corporate	corporate	ADJ
taxlaw-13768	291	29	earnings	earning	NOUN
taxlaw-13768	291	30	that	that	PRON
taxlaw-13768	291	31	are	be	AUX
taxlaw-13768	291	32	transferred	transfer	VERB
taxlaw-13768	291	33	to	to	ADP
taxlaw-13768	291	34	a	a	DET
taxlaw-13768	291	35	u.s	u.s	PROPN
taxlaw-13768	291	36	.	.	PROPN
taxlaw-13768	291	37	corporate	corporate	ADJ
taxlaw-13768	291	38	entity	entity	NOUN
taxlaw-13768	291	39	and	and	CCONJ
taxlaw-13768	291	40	give	give	VERB
taxlaw-13768	291	41	rise	rise	NOUN
taxlaw-13768	291	42	to	to	ADP
taxlaw-13768	291	43	basis	basis	NOUN
taxlaw-13768	291	44	were	be	AUX
taxlaw-13768	291	45	not	not	PART
taxlaw-13768	291	46	subject	subject	ADJ
taxlaw-13768	291	47	to	to	ADP
taxlaw-13768	291	48	u.s	u.s	PROPN
taxlaw-13768	291	49	.	.	PROPN
taxlaw-13768	291	50	corporate	corporate	ADJ
taxlaw-13768	291	51	tax	tax	NOUN
taxlaw-13768	291	52	as	as	SCONJ
taxlaw-13768	291	53	earned	earn	VERB
taxlaw-13768	291	54	and	and	CCONJ
taxlaw-13768	291	55	could	could	AUX
taxlaw-13768	291	56	not	not	PART
taxlaw-13768	291	57	be	be	AUX
taxlaw-13768	291	58	subjected	subject	VERB
taxlaw-13768	291	59	to	to	ADP
taxlaw-13768	291	60	u.s	u.s	PROPN
taxlaw-13768	291	61	.	.	PROPN
taxlaw-13768	291	62	corporate	corporate	ADJ
taxlaw-13768	291	63	tax	tax	NOUN
taxlaw-13768	291	64	at	at	ADP
taxlaw-13768	291	65	the	the	DET
taxlaw-13768	291	66	time	time	NOUN
taxlaw-13768	291	67	of	of	ADP
taxlaw-13768	291	68	the	the	DET
taxlaw-13768	291	69	inbound	inbound	ADJ
taxlaw-13768	291	70	transaction	transaction	NOUN
taxlaw-13768	291	71	.	.	PUNCT
taxlaw-13768	292	1	it	it	PRON
taxlaw-13768	292	2	all	all	PRON
taxlaw-13768	292	3	results	result	VERB
taxlaw-13768	292	4	from	from	ADP
taxlaw-13768	292	5	the	the	DET
taxlaw-13768	292	6	core	core	NOUN
taxlaw-13768	292	7	premise	premise	NOUN
taxlaw-13768	292	8	,	,	PUNCT
taxlaw-13768	292	9	for	for	ADP
taxlaw-13768	292	10	which	which	PRON
taxlaw-13768	292	11	kingson	kingson	NOUN
taxlaw-13768	292	12	cites	cite	VERB
taxlaw-13768	292	13	professor	professor	PROPN
taxlaw-13768	292	14	andrews	andrews	PROPN
taxlaw-13768	292	15	’	'	PUNCT
taxlaw-13768	292	16	article	article	NOUN
taxlaw-13768	292	17	,	,	PUNCT
taxlaw-13768	292	18	that	that	SCONJ
taxlaw-13768	292	19	when	when	SCONJ
taxlaw-13768	292	20	earnings	earning	NOUN
taxlaw-13768	292	21	and	and	CCONJ
taxlaw-13768	292	22	assets	asset	NOUN
taxlaw-13768	292	23	come	come	VERB
taxlaw-13768	292	24	into	into	ADP
taxlaw-13768	292	25	u.s	u.s	PROPN
taxlaw-13768	292	26	.	.	PROPN
taxlaw-13768	292	27	corporate	corporate	ADJ
taxlaw-13768	292	28	tax	tax	NOUN
taxlaw-13768	292	29	solution	solution	NOUN
taxlaw-13768	292	30	,	,	PUNCT
taxlaw-13768	292	31	basis	basis	NOUN
taxlaw-13768	292	32	should	should	AUX
taxlaw-13768	292	33	be	be	AUX
taxlaw-13768	292	34	given	give	VERB
taxlaw-13768	292	35	only	only	ADV
taxlaw-13768	292	36	to	to	ADP
taxlaw-13768	292	37	the	the	DET
taxlaw-13768	292	38	extent	extent	NOUN
taxlaw-13768	292	39	the	the	DET
taxlaw-13768	292	40	earnings	earning	NOUN
taxlaw-13768	292	41	have	have	AUX
taxlaw-13768	292	42	been	be	AUX
taxlaw-13768	292	43	subject	subject	ADJ
taxlaw-13768	292	44	to	to	ADP
taxlaw-13768	292	45	tax	tax	NOUN
taxlaw-13768	292	46	.	.	PUNCT
taxlaw-13768	293	1	that	that	DET
taxlaw-13768	293	2	premise	premise	NOUN
taxlaw-13768	293	3	should	should	AUX
taxlaw-13768	293	4	be	be	AUX
taxlaw-13768	293	5	challenged	challenge	VERB
taxlaw-13768	293	6	.	.	PUNCT
taxlaw-13768	294	1	indeed	indeed	ADV
taxlaw-13768	294	2	,	,	PUNCT
taxlaw-13768	294	3	based	base	VERB
taxlaw-13768	294	4	on	on	ADP
taxlaw-13768	294	5	a	a	DET
taxlaw-13768	294	6	reading	reading	NOUN
taxlaw-13768	294	7	of	of	ADP
taxlaw-13768	294	8	professor	professor	PROPN
taxlaw-13768	294	9	andrews	andrews	PROPN
taxlaw-13768	294	10	’	'	PUNCT
taxlaw-13768	294	11	article	article	NOUN
taxlaw-13768	294	12	dealing	deal	VERB
taxlaw-13768	294	13	with	with	ADP
taxlaw-13768	294	14	the	the	DET
taxlaw-13768	294	15	intersection	intersection	NOUN
taxlaw-13768	294	16	of	of	ADP
taxlaw-13768	294	17	corporate	corporate	ADJ
taxlaw-13768	294	18	level	level	NOUN
taxlaw-13768	294	19	and	and	CCONJ
taxlaw-13768	294	20	shareholder	shareholder	NOUN
taxlaw-13768	294	21	level	level	NOUN
taxlaw-13768	294	22	taxation	taxation	NOUN
taxlaw-13768	294	23	,	,	PUNCT
taxlaw-13768	294	24	we	we	PRON
taxlaw-13768	294	25	suspect	suspect	VERB
taxlaw-13768	294	26	he	he	PRON
taxlaw-13768	294	27	might	might	AUX
taxlaw-13768	294	28	have	have	AUX
taxlaw-13768	294	29	led	lead	VERB
taxlaw-13768	294	30	the	the	DET
taxlaw-13768	294	31	challenge	challenge	NOUN
taxlaw-13768	294	32	.	.	PUNCT
taxlaw-13768	295	1	iv	iv	X
taxlaw-13768	295	2	.	.	PUNCT
taxlaw-13768	295	3	professor	professor	PROPN
taxlaw-13768	295	4	andrews	andrews	PROPN
taxlaw-13768	295	5	’	'	PUNCT
taxlaw-13768	295	6	perspective	perspective	NOUN
taxlaw-13768	295	7	on	on	ADP
taxlaw-13768	295	8	the	the	DET
taxlaw-13768	295	9	intersection	intersection	NOUN
taxlaw-13768	295	10	of	of	ADP
taxlaw-13768	295	11	corporate	corporate	ADJ
taxlaw-13768	295	12	and	and	CCONJ
taxlaw-13768	295	13	shareholder	shareholder	NOUN
taxlaw-13768	295	14	level	level	NOUN
taxlaw-13768	295	15	taxation	taxation	NOUN
taxlaw-13768	295	16	professor	professor	NOUN
taxlaw-13768	295	17	andrews	andrews	PROPN
taxlaw-13768	295	18	’	'	PUNCT
taxlaw-13768	295	19	statement	statement	NOUN
taxlaw-13768	295	20	cited	cite	VERB
taxlaw-13768	295	21	above	above	ADV
taxlaw-13768	295	22	on	on	ADP
taxlaw-13768	295	23	the	the	DET
taxlaw-13768	295	24	synchronization	synchronization	NOUN
taxlaw-13768	295	25	of	of	ADP
taxlaw-13768	295	26	basis	basis	NOUN
taxlaw-13768	295	27	and	and	CCONJ
taxlaw-13768	295	28	e&p	e&p	PROPN
taxlaw-13768	295	29	was	be	AUX
taxlaw-13768	295	30	made	make	VERB
taxlaw-13768	295	31	in	in	ADP
taxlaw-13768	295	32	the	the	DET
taxlaw-13768	295	33	purely	purely	ADV
taxlaw-13768	295	34	domestic	domestic	ADJ
taxlaw-13768	295	35	context	context	NOUN
taxlaw-13768	295	36	.	.	PUNCT
taxlaw-13768	296	1	it	it	PRON
taxlaw-13768	296	2	was	be	AUX
taxlaw-13768	296	3	focused	focus	VERB
taxlaw-13768	296	4	on	on	ADP
taxlaw-13768	296	5	the	the	DET
taxlaw-13768	296	6	situation	situation	NOUN
taxlaw-13768	296	7	where	where	SCONJ
taxlaw-13768	296	8	a	a	DET
taxlaw-13768	296	9	corporation	corporation	NOUN
taxlaw-13768	296	10	distributes	distribute	VERB
taxlaw-13768	296	11	property	property	NOUN
taxlaw-13768	296	12	under	under	ADP
taxlaw-13768	296	13	section	section	NOUN
taxlaw-13768	296	14	311	311	NUM
taxlaw-13768	296	15	.	.	PUNCT
taxlaw-13768	297	1	he	he	PRON
taxlaw-13768	297	2	made	make	VERB
taxlaw-13768	297	3	the	the	DET
taxlaw-13768	297	4	entirely	entirely	ADV
taxlaw-13768	297	5	logical	logical	ADJ
taxlaw-13768	297	6	point	point	NOUN
taxlaw-13768	297	7	that	that	SCONJ
taxlaw-13768	297	8	corporate	corporate	ADJ
taxlaw-13768	297	9	asset	asset	NOUN
taxlaw-13768	297	10	basis	basis	NOUN
taxlaw-13768	297	11	as	as	ADP
taxlaw-13768	297	12	an	an	DET
taxlaw-13768	297	13	accounting	accounting	NOUN
taxlaw-13768	297	14	matter	matter	NOUN
taxlaw-13768	297	15	equals	equal	VERB
taxlaw-13768	297	16	the	the	DET
taxlaw-13768	297	17	sum	sum	NOUN
taxlaw-13768	297	18	of	of	ADP
taxlaw-13768	297	19	61	61	NUM
taxlaw-13768	297	20	kingson	kingson	NOUN
taxlaw-13768	297	21	believed	believe	VERB
taxlaw-13768	297	22	that	that	SCONJ
taxlaw-13768	297	23	section	section	NOUN
taxlaw-13768	297	24	367(b	367(b	PROPN
taxlaw-13768	297	25	)	)	PUNCT
taxlaw-13768	297	26	could	could	AUX
taxlaw-13768	297	27	not	not	PART
taxlaw-13768	297	28	apply	apply	VERB
taxlaw-13768	297	29	at	at	ADP
taxlaw-13768	297	30	the	the	DET
taxlaw-13768	297	31	corporate	corporate	ADJ
taxlaw-13768	297	32	level	level	NOUN
taxlaw-13768	297	33	because	because	SCONJ
taxlaw-13768	297	34	its	its	PRON
taxlaw-13768	297	35	authority	authority	NOUN
taxlaw-13768	297	36	is	be	AUX
taxlaw-13768	297	37	to	to	PART
taxlaw-13768	297	38	treat	treat	VERB
taxlaw-13768	297	39	a	a	DET
taxlaw-13768	297	40	foreign	foreign	ADJ
taxlaw-13768	297	41	corporation	corporation	NOUN
taxlaw-13768	297	42	as	as	ADP
taxlaw-13768	297	43	a	a	DET
taxlaw-13768	297	44	corporation	corporation	NOUN
taxlaw-13768	297	45	as	as	SCONJ
taxlaw-13768	297	46	opposed	oppose	VERB
taxlaw-13768	297	47	to	to	ADP
taxlaw-13768	297	48	a	a	DET
taxlaw-13768	297	49	collection	collection	NOUN
taxlaw-13768	297	50	of	of	ADP
taxlaw-13768	297	51	assets	asset	NOUN
taxlaw-13768	297	52	;	;	PUNCT
taxlaw-13768	297	53	in	in	ADP
taxlaw-13768	297	54	an	an	DET
taxlaw-13768	297	55	inbound	inbound	ADJ
taxlaw-13768	297	56	asset	asset	NOUN
taxlaw-13768	297	57	reorganization	reorganization	NOUN
taxlaw-13768	297	58	such	such	ADJ
taxlaw-13768	297	59	treatment	treatment	NOUN
taxlaw-13768	297	60	is	be	AUX
taxlaw-13768	297	61	not	not	PART
taxlaw-13768	297	62	necessary	necessary	ADJ
taxlaw-13768	297	63	for	for	SCONJ
taxlaw-13768	297	64	the	the	DET
taxlaw-13768	297	65	transaction	transaction	NOUN
taxlaw-13768	297	66	to	to	PART
taxlaw-13768	297	67	be	be	AUX
taxlaw-13768	297	68	tax	tax	NOUN
taxlaw-13768	297	69	-	-	PUNCT
taxlaw-13768	297	70	free	free	ADJ
taxlaw-13768	297	71	to	to	ADP
taxlaw-13768	297	72	the	the	DET
taxlaw-13768	297	73	acquiring	acquire	VERB
taxlaw-13768	297	74	corporation	corporation	NOUN
taxlaw-13768	297	75	—	—	PUNCT
taxlaw-13768	297	76	under	under	ADP
taxlaw-13768	297	77	section	section	NOUN
taxlaw-13768	297	78	1032	1032	NUM
taxlaw-13768	297	79	it	it	PRON
taxlaw-13768	297	80	is	be	AUX
taxlaw-13768	297	81	not	not	PART
taxlaw-13768	297	82	taxable	taxable	ADJ
taxlaw-13768	297	83	on	on	ADP
taxlaw-13768	297	84	the	the	DET
taxlaw-13768	297	85	acquisition	acquisition	NOUN
taxlaw-13768	297	86	of	of	ADP
taxlaw-13768	297	87	assets	asset	NOUN
taxlaw-13768	297	88	generally	generally	ADV
taxlaw-13768	297	89	,	,	PUNCT
taxlaw-13768	297	90	whether	whether	SCONJ
taxlaw-13768	297	91	or	or	CCONJ
taxlaw-13768	297	92	not	not	PART
taxlaw-13768	297	93	in	in	ADP
taxlaw-13768	297	94	corporate	corporate	ADJ
taxlaw-13768	297	95	solution	solution	NOUN
taxlaw-13768	297	96	.	.	PUNCT
taxlaw-13768	298	1	i	i	PRON
taxlaw-13768	298	2	d.	d.	PROPN
taxlaw-13768	298	3	at	at	ADP
taxlaw-13768	298	4	28	28	NUM
taxlaw-13768	298	5	-	-	SYM
taxlaw-13768	298	6	29	29	NUM
taxlaw-13768	298	7	.	.	PUNCT
taxlaw-13768	299	1	2025	2025	NUM
taxlaw-13768	299	2	]	]	PUNCT
taxlaw-13768	299	3	reflections	reflection	NOUN
taxlaw-13768	299	4	on	on	ADP
taxlaw-13768	299	5	367(b	367(b	PROPN
taxlaw-13768	299	6	)	)	PUNCT
taxlaw-13768	299	7	regulations	regulation	NOUN
taxlaw-13768	299	8	and	and	CCONJ
taxlaw-13768	299	9	inbound	inbound	ADJ
taxlaw-13768	299	10	transactions	transaction	NOUN
taxlaw-13768	299	11	175	175	NUM
taxlaw-13768	299	12	contributed	contribute	VERB
taxlaw-13768	299	13	capital	capital	NOUN
taxlaw-13768	299	14	and	and	CCONJ
taxlaw-13768	299	15	retained	retain	VERB
taxlaw-13768	299	16	earnings	earning	NOUN
taxlaw-13768	299	17	(	(	PUNCT
taxlaw-13768	299	18	assuming	assume	VERB
taxlaw-13768	299	19	no	no	DET
taxlaw-13768	299	20	leverage	leverage	NOUN
taxlaw-13768	299	21	)	)	PUNCT
taxlaw-13768	299	22	so	so	SCONJ
taxlaw-13768	299	23	that	that	SCONJ
taxlaw-13768	299	24	if	if	SCONJ
taxlaw-13768	299	25	appreciated	appreciated	ADJ
taxlaw-13768	299	26	assets	asset	NOUN
taxlaw-13768	299	27	are	be	AUX
taxlaw-13768	299	28	distributed	distribute	VERB
taxlaw-13768	299	29	by	by	ADP
taxlaw-13768	299	30	a	a	DET
taxlaw-13768	299	31	corporation	corporation	NOUN
taxlaw-13768	299	32	,	,	PUNCT
taxlaw-13768	299	33	and	and	CCONJ
taxlaw-13768	299	34	(	(	PUNCT
taxlaw-13768	299	35	as	as	SCONJ
taxlaw-13768	299	36	the	the	DET
taxlaw-13768	299	37	code	code	NOUN
taxlaw-13768	299	38	then	then	ADV
taxlaw-13768	299	39	provided	provide	VERB
taxlaw-13768	299	40	)	)	PUNCT
taxlaw-13768	299	41	no	no	DET
taxlaw-13768	299	42	gain	gain	NOUN
taxlaw-13768	299	43	is	be	AUX
taxlaw-13768	299	44	recognized	recognize	VERB
taxlaw-13768	299	45	at	at	ADP
taxlaw-13768	299	46	the	the	DET
taxlaw-13768	299	47	corporate	corporate	ADJ
taxlaw-13768	299	48	level	level	NOUN
taxlaw-13768	299	49	,	,	PUNCT
taxlaw-13768	299	50	earnings	earning	NOUN
taxlaw-13768	299	51	and	and	CCONJ
taxlaw-13768	299	52	profits	profit	NOUN
taxlaw-13768	299	53	should	should	AUX
taxlaw-13768	299	54	be	be	AUX
taxlaw-13768	299	55	reduced	reduce	VERB
taxlaw-13768	299	56	only	only	ADV
taxlaw-13768	299	57	by	by	ADP
taxlaw-13768	299	58	asset	asset	NOUN
taxlaw-13768	299	59	basis.62	basis.62	NOUN
taxlaw-13768	299	60	the	the	DET
taxlaw-13768	299	61	gain	gain	NOUN
taxlaw-13768	299	62	should	should	AUX
taxlaw-13768	299	63	not	not	PART
taxlaw-13768	299	64	be	be	AUX
taxlaw-13768	299	65	recognized	recognize	VERB
taxlaw-13768	299	66	for	for	ADP
taxlaw-13768	299	67	e&p	e&p	PROPN
taxlaw-13768	299	68	purposes	purpose	NOUN
taxlaw-13768	299	69	if	if	SCONJ
taxlaw-13768	299	70	it	it	PRON
taxlaw-13768	299	71	is	be	AUX
taxlaw-13768	299	72	not	not	PART
taxlaw-13768	299	73	subject	subject	ADJ
taxlaw-13768	299	74	to	to	ADP
taxlaw-13768	299	75	tax	tax	NOUN
taxlaw-13768	299	76	.	.	PUNCT
taxlaw-13768	300	1	the	the	DET
taxlaw-13768	300	2	need	need	NOUN
taxlaw-13768	300	3	to	to	PART
taxlaw-13768	300	4	keep	keep	VERB
taxlaw-13768	300	5	e&p	e&p	PROPN
taxlaw-13768	300	6	and	and	CCONJ
taxlaw-13768	300	7	asset	asset	NOUN
taxlaw-13768	300	8	basis	basis	NOUN
taxlaw-13768	300	9	in	in	ADP
taxlaw-13768	300	10	synch	synch	NOUN
taxlaw-13768	300	11	compelled	compel	VERB
taxlaw-13768	300	12	such	such	ADJ
taxlaw-13768	300	13	results	result	NOUN
taxlaw-13768	300	14	.	.	PUNCT
taxlaw-13768	301	1	professor	professor	PROPN
taxlaw-13768	301	2	andrews	andrews	PROPN
taxlaw-13768	301	3	’	'	PUNCT
taxlaw-13768	301	4	point	point	NOUN
taxlaw-13768	301	5	was	be	AUX
taxlaw-13768	301	6	,	,	PUNCT
taxlaw-13768	301	7	of	of	ADP
taxlaw-13768	301	8	course	course	NOUN
taxlaw-13768	301	9	,	,	PUNCT
taxlaw-13768	301	10	correct	correct	ADJ
taxlaw-13768	301	11	in	in	ADP
taxlaw-13768	301	12	the	the	DET
taxlaw-13768	301	13	domestic	domestic	ADJ
taxlaw-13768	301	14	context	context	NOUN
taxlaw-13768	301	15	:	:	PUNCT
taxlaw-13768	301	16	wherever	wherever	SCONJ
taxlaw-13768	301	17	possible	possible	ADJ
taxlaw-13768	301	18	,	,	PUNCT
taxlaw-13768	301	19	asset	asset	NOUN
taxlaw-13768	301	20	basis	basis	NOUN
taxlaw-13768	301	21	should	should	AUX
taxlaw-13768	301	22	reflect	reflect	VERB
taxlaw-13768	301	23	contributed	contribute	VERB
taxlaw-13768	301	24	capital	capital	NOUN
taxlaw-13768	301	25	and	and	CCONJ
taxlaw-13768	301	26	retained	retain	VERB
taxlaw-13768	301	27	earnings	earning	NOUN
taxlaw-13768	301	28	,	,	PUNCT
taxlaw-13768	301	29	which	which	PRON
taxlaw-13768	301	30	presumably	presumably	ADV
taxlaw-13768	301	31	have	have	AUX
taxlaw-13768	301	32	been	be	AUX
taxlaw-13768	301	33	subject	subject	ADJ
taxlaw-13768	301	34	to	to	ADP
taxlaw-13768	301	35	tax	tax	NOUN
taxlaw-13768	301	36	unless	unless	SCONJ
taxlaw-13768	301	37	specifically	specifically	ADV
taxlaw-13768	301	38	exempted	exempt	VERB
taxlaw-13768	301	39	.	.	PUNCT
taxlaw-13768	302	1	but	but	CCONJ
taxlaw-13768	302	2	that	that	DET
taxlaw-13768	302	3	point	point	NOUN
taxlaw-13768	302	4	was	be	AUX
taxlaw-13768	302	5	just	just	ADV
taxlaw-13768	302	6	a	a	DET
taxlaw-13768	302	7	piece	piece	NOUN
taxlaw-13768	302	8	of	of	ADP
taxlaw-13768	302	9	his	his	PRON
taxlaw-13768	302	10	much	much	ADV
taxlaw-13768	302	11	broader	broad	ADJ
taxlaw-13768	302	12	analysis	analysis	NOUN
taxlaw-13768	302	13	of	of	ADP
taxlaw-13768	302	14	the	the	DET
taxlaw-13768	302	15	role	role	NOUN
taxlaw-13768	302	16	of	of	ADP
taxlaw-13768	302	17	e&p	e&p	PROPN
taxlaw-13768	302	18	in	in	ADP
taxlaw-13768	302	19	our	our	PRON
taxlaw-13768	302	20	corporate	corporate	ADJ
taxlaw-13768	302	21	tax	tax	NOUN
taxlaw-13768	302	22	as	as	SCONJ
taxlaw-13768	302	23	it	it	PRON
taxlaw-13768	302	24	had	have	AUX
taxlaw-13768	302	25	developed	develop	VERB
taxlaw-13768	302	26	by	by	ADP
taxlaw-13768	302	27	the	the	DET
taxlaw-13768	302	28	mid-1950s	mid-1950s	PROPN
taxlaw-13768	302	29	.	.	PUNCT
taxlaw-13768	303	1	professor	professor	PROPN
taxlaw-13768	303	2	andrews	andrews	PROPN
taxlaw-13768	303	3	began	begin	VERB
taxlaw-13768	303	4	that	that	SCONJ
taxlaw-13768	303	5	analysis	analysis	NOUN
taxlaw-13768	303	6	by	by	ADP
taxlaw-13768	303	7	positing	posit	VERB
taxlaw-13768	303	8	that	that	SCONJ
taxlaw-13768	303	9	the	the	DET
taxlaw-13768	303	10	taxation	taxation	NOUN
taxlaw-13768	303	11	of	of	ADP
taxlaw-13768	303	12	shareholders	shareholder	NOUN
taxlaw-13768	303	13	on	on	ADP
taxlaw-13768	303	14	corporate	corporate	ADJ
taxlaw-13768	303	15	earnings	earning	NOUN
taxlaw-13768	303	16	,	,	PUNCT
taxlaw-13768	303	17	as	as	SCONJ
taxlaw-13768	303	18	reflected	reflect	VERB
taxlaw-13768	303	19	in	in	ADP
taxlaw-13768	303	20	part	part	NOUN
taxlaw-13768	303	21	in	in	ADP
taxlaw-13768	303	22	e&p	e&p	PROPN
taxlaw-13768	303	23	,	,	PUNCT
taxlaw-13768	303	24	is	be	AUX
taxlaw-13768	303	25	best	well	ADV
taxlaw-13768	303	26	understood	understand	VERB
taxlaw-13768	303	27	by	by	ADP
taxlaw-13768	303	28	comparing	compare	VERB
taxlaw-13768	303	29	two	two	NUM
taxlaw-13768	303	30	polar	polar	ADJ
taxlaw-13768	303	31	paradigms	paradigm	NOUN
taxlaw-13768	303	32	of	of	ADP
taxlaw-13768	303	33	the	the	DET
taxlaw-13768	303	34	intersection	intersection	NOUN
taxlaw-13768	303	35	of	of	ADP
taxlaw-13768	303	36	corporate	corporate	ADJ
taxlaw-13768	303	37	and	and	CCONJ
taxlaw-13768	303	38	shareholder	shareholder	NOUN
taxlaw-13768	303	39	level	level	NOUN
taxlaw-13768	303	40	taxation	taxation	NOUN
taxlaw-13768	303	41	.	.	PUNCT
taxlaw-13768	304	1	the	the	DET
taxlaw-13768	304	2	first	first	ADJ
taxlaw-13768	304	3	paradigm	paradigm	NOUN
taxlaw-13768	304	4	is	be	AUX
taxlaw-13768	304	5	that	that	SCONJ
taxlaw-13768	304	6	shareholder	shareholder	NOUN
taxlaw-13768	304	7	taxation	taxation	NOUN
taxlaw-13768	304	8	of	of	ADP
taxlaw-13768	304	9	distributions	distribution	NOUN
taxlaw-13768	304	10	should	should	AUX
taxlaw-13768	304	11	be	be	AUX
taxlaw-13768	304	12	based	base	VERB
taxlaw-13768	304	13	on	on	ADP
taxlaw-13768	304	14	the	the	DET
taxlaw-13768	304	15	amount	amount	NOUN
taxlaw-13768	304	16	of	of	ADP
taxlaw-13768	304	17	corporate	corporate	ADJ
taxlaw-13768	304	18	retained	retain	VERB
taxlaw-13768	304	19	earnings	earning	NOUN
taxlaw-13768	304	20	that	that	PRON
taxlaw-13768	304	21	are	be	AUX
taxlaw-13768	304	22	attributable	attributable	ADJ
taxlaw-13768	304	23	to	to	ADP
taxlaw-13768	304	24	that	that	DET
taxlaw-13768	304	25	shareholder	shareholder	NOUN
taxlaw-13768	304	26	’s	’s	PART
taxlaw-13768	304	27	share	share	NOUN
taxlaw-13768	304	28	ownership	ownership	NOUN
taxlaw-13768	304	29	.	.	PUNCT
taxlaw-13768	305	1	the	the	DET
taxlaw-13768	305	2	second	second	ADJ
taxlaw-13768	305	3	paradigm	paradigm	NOUN
taxlaw-13768	305	4	is	be	AUX
taxlaw-13768	305	5	that	that	SCONJ
taxlaw-13768	305	6	shareholder	shareholder	NOUN
taxlaw-13768	305	7	taxation	taxation	NOUN
taxlaw-13768	305	8	should	should	AUX
taxlaw-13768	305	9	be	be	AUX
taxlaw-13768	305	10	seen	see	VERB
taxlaw-13768	305	11	as	as	ADP
taxlaw-13768	305	12	unrelated	unrelated	ADJ
taxlaw-13768	305	13	to	to	ADP
taxlaw-13768	305	14	any	any	DET
taxlaw-13768	305	15	corporate	corporate	ADJ
taxlaw-13768	305	16	earnings	earning	NOUN
taxlaw-13768	305	17	and	and	CCONJ
taxlaw-13768	305	18	based	base	VERB
taxlaw-13768	305	19	solely	solely	ADV
taxlaw-13768	305	20	on	on	ADP
taxlaw-13768	305	21	distributions	distribution	NOUN
taxlaw-13768	305	22	received	receive	VERB
taxlaw-13768	305	23	that	that	PRON
taxlaw-13768	305	24	are	be	AUX
taxlaw-13768	305	25	not	not	PART
taxlaw-13768	305	26	in	in	ADP
taxlaw-13768	305	27	the	the	DET
taxlaw-13768	305	28	nature	nature	NOUN
taxlaw-13768	305	29	of	of	ADP
taxlaw-13768	305	30	capital	capital	NOUN
taxlaw-13768	305	31	gains	gain	NOUN
taxlaw-13768	305	32	.	.	PUNCT
taxlaw-13768	306	1	he	he	PRON
taxlaw-13768	306	2	then	then	ADV
taxlaw-13768	306	3	tested	test	VERB
taxlaw-13768	306	4	the	the	DET
taxlaw-13768	306	5	current	current	ADJ
taxlaw-13768	306	6	law	law	NOUN
taxlaw-13768	306	7	(	(	PUNCT
taxlaw-13768	306	8	as	as	ADP
taxlaw-13768	306	9	of	of	ADP
taxlaw-13768	306	10	1955	1955	NUM
taxlaw-13768	306	11	)	)	PUNCT
taxlaw-13768	306	12	,	,	PUNCT
taxlaw-13768	306	13	including	include	VERB
taxlaw-13768	306	14	caselaw	caselaw	NOUN
taxlaw-13768	306	15	,	,	PUNCT
taxlaw-13768	306	16	to	to	PART
taxlaw-13768	306	17	see	see	VERB
taxlaw-13768	306	18	which	which	DET
taxlaw-13768	306	19	paradigm	paradigm	NOUN
taxlaw-13768	306	20	most	most	ADV
taxlaw-13768	306	21	closely	closely	ADV
taxlaw-13768	306	22	fits	fit	VERB
taxlaw-13768	306	23	.	.	PUNCT
taxlaw-13768	307	1	he	he	PRON
taxlaw-13768	307	2	pointed	point	VERB
taxlaw-13768	307	3	to	to	ADP
taxlaw-13768	307	4	a	a	DET
taxlaw-13768	307	5	number	number	NOUN
taxlaw-13768	307	6	of	of	ADP
taxlaw-13768	307	7	court	court	NOUN
taxlaw-13768	307	8	cases	case	NOUN
taxlaw-13768	307	9	where	where	SCONJ
taxlaw-13768	307	10	the	the	DET
taxlaw-13768	307	11	taxation	taxation	NOUN
taxlaw-13768	307	12	of	of	ADP
taxlaw-13768	307	13	a	a	DET
taxlaw-13768	307	14	distribution	distribution	NOUN
taxlaw-13768	307	15	to	to	ADP
taxlaw-13768	307	16	a	a	DET
taxlaw-13768	307	17	shareholder	shareholder	NOUN
taxlaw-13768	307	18	was	be	AUX
taxlaw-13768	307	19	tied	tie	VERB
taxlaw-13768	307	20	to	to	ADP
taxlaw-13768	307	21	the	the	DET
taxlaw-13768	307	22	earnings	earning	NOUN
taxlaw-13768	307	23	of	of	ADP
taxlaw-13768	307	24	the	the	DET
taxlaw-13768	307	25	corporation	corporation	NOUN
taxlaw-13768	307	26	during	during	ADP
taxlaw-13768	307	27	the	the	DET
taxlaw-13768	307	28	shareholder	shareholder	NOUN
taxlaw-13768	307	29	’s	’s	PART
taxlaw-13768	307	30	ownership	ownership	NOUN
taxlaw-13768	307	31	period	period	NOUN
taxlaw-13768	307	32	—	—	PUNCT
taxlaw-13768	307	33	cases	case	NOUN
taxlaw-13768	307	34	relating	relate	VERB
taxlaw-13768	307	35	to	to	PART
taxlaw-13768	307	36	pre-1913	pre-1913	VERB
taxlaw-13768	307	37	earnings	earning	NOUN
taxlaw-13768	307	38	distributed	distribute	VERB
taxlaw-13768	307	39	after	after	ADP
taxlaw-13768	307	40	1913	1913	NUM
taxlaw-13768	307	41	,	,	PUNCT
taxlaw-13768	307	42	distributions	distribution	NOUN
taxlaw-13768	307	43	of	of	ADP
taxlaw-13768	307	44	post-1913	post-1913	ADJ
taxlaw-13768	307	45	earnings	earning	NOUN
taxlaw-13768	307	46	by	by	ADP
taxlaw-13768	307	47	corporations	corporation	NOUN
taxlaw-13768	307	48	with	with	ADP
taxlaw-13768	307	49	pre-1913	pre-1913	NOUN
taxlaw-13768	307	50	losses	loss	NOUN
taxlaw-13768	307	51	,	,	PUNCT
taxlaw-13768	307	52	and	and	CCONJ
taxlaw-13768	307	53	distributions	distribution	NOUN
taxlaw-13768	307	54	of	of	ADP
taxlaw-13768	307	55	prior	prior	ADJ
taxlaw-13768	307	56	year	year	NOUN
taxlaw-13768	307	57	corporate	corporate	ADJ
taxlaw-13768	307	58	earnings	earning	NOUN
taxlaw-13768	307	59	in	in	ADP
taxlaw-13768	307	60	a	a	DET
taxlaw-13768	307	61	year	year	NOUN
taxlaw-13768	307	62	(	(	PUNCT
taxlaw-13768	307	63	like	like	ADP
taxlaw-13768	307	64	1917	1917	NUM
taxlaw-13768	307	65	)	)	PUNCT
taxlaw-13768	307	66	when	when	SCONJ
taxlaw-13768	307	67	tax	tax	NOUN
taxlaw-13768	307	68	rates	rate	NOUN
taxlaw-13768	307	69	on	on	ADP
taxlaw-13768	307	70	dividends	dividend	NOUN
taxlaw-13768	307	71	received	receive	VERB
taxlaw-13768	307	72	by	by	ADP
taxlaw-13768	307	73	individuals	individual	NOUN
taxlaw-13768	307	74	were	be	AUX
taxlaw-13768	307	75	increased	increase	VERB
taxlaw-13768	307	76	.	.	PUNCT
taxlaw-13768	308	1	he	he	PRON
taxlaw-13768	308	2	concluded	conclude	VERB
taxlaw-13768	308	3	that	that	SCONJ
taxlaw-13768	308	4	“	"	PUNCT
taxlaw-13768	308	5	the	the	DET
taxlaw-13768	308	6	idea	idea	NOUN
taxlaw-13768	308	7	that	that	SCONJ
taxlaw-13768	308	8	earnings	earning	NOUN
taxlaw-13768	308	9	realized	realize	VERB
taxlaw-13768	308	10	at	at	ADP
taxlaw-13768	308	11	the	the	DET
taxlaw-13768	308	12	corporate	corporate	ADJ
taxlaw-13768	308	13	level	level	NOUN
taxlaw-13768	308	14	are	be	AUX
taxlaw-13768	308	15	the	the	DET
taxlaw-13768	308	16	real	real	ADJ
taxlaw-13768	308	17	subject	subject	NOUN
taxlaw-13768	308	18	of	of	ADP
taxlaw-13768	308	19	income	income	NOUN
taxlaw-13768	308	20	tax	tax	NOUN
taxlaw-13768	308	21	on	on	ADP
taxlaw-13768	308	22	shareholders	shareholder	NOUN
taxlaw-13768	308	23	has	have	AUX
taxlaw-13768	308	24	had	have	VERB
taxlaw-13768	308	25	more	more	ADJ
taxlaw-13768	308	26	than	than	ADP
taxlaw-13768	308	27	just	just	ADV
taxlaw-13768	308	28	a	a	DET
taxlaw-13768	308	29	passing	pass	VERB
taxlaw-13768	308	30	vogue	vogue	NOUN
taxlaw-13768	308	31	and	and	CCONJ
taxlaw-13768	308	32	may	may	AUX
taxlaw-13768	308	33	serve	serve	VERB
taxlaw-13768	308	34	to	to	PART
taxlaw-13768	308	35	explain	explain	VERB
taxlaw-13768	308	36	,	,	PUNCT
taxlaw-13768	308	37	if	if	SCONJ
taxlaw-13768	308	38	it	it	PRON
taxlaw-13768	308	39	does	do	AUX
taxlaw-13768	308	40	not	not	PART
taxlaw-13768	308	41	justify	justify	VERB
taxlaw-13768	308	42	,	,	PUNCT
taxlaw-13768	308	43	some	some	PRON
taxlaw-13768	308	44	of	of	ADP
taxlaw-13768	308	45	the	the	DET
taxlaw-13768	308	46	applications	application	NOUN
taxlaw-13768	308	47	of	of	ADP
taxlaw-13768	308	48	the	the	DET
taxlaw-13768	308	49	earnings	earning	NOUN
taxlaw-13768	308	50	and	and	CCONJ
taxlaw-13768	308	51	profits	profit	NOUN
taxlaw-13768	308	52	requirement	requirement	NOUN
taxlaw-13768	308	53	.	.	PUNCT
taxlaw-13768	309	1	”63	”63	PROPN
taxlaw-13768	309	2	he	he	PRON
taxlaw-13768	309	3	then	then	ADV
taxlaw-13768	309	4	pointed	point	VERB
taxlaw-13768	309	5	out	out	ADP
taxlaw-13768	309	6	the	the	DET
taxlaw-13768	309	7	“	"	PUNCT
taxlaw-13768	309	8	number	number	NOUN
taxlaw-13768	309	9	of	of	ADP
taxlaw-13768	309	10	ways	way	NOUN
taxlaw-13768	309	11	in	in	ADP
taxlaw-13768	309	12	which	which	PRON
taxlaw-13768	309	13	our	our	PRON
taxlaw-13768	309	14	present	present	ADJ
taxlaw-13768	309	15	taxation	taxation	NOUN
taxlaw-13768	309	16	of	of	ADP
taxlaw-13768	309	17	shareholders	shareholder	NOUN
taxlaw-13768	309	18	does	do	AUX
taxlaw-13768	309	19	not	not	PART
taxlaw-13768	309	20	simulate	simulate	VERB
taxlaw-13768	309	21	a	a	DET
taxlaw-13768	309	22	delayed	delay	VERB
taxlaw-13768	309	23	tax	tax	NOUN
taxlaw-13768	309	24	on	on	ADP
taxlaw-13768	309	25	corporate	corporate	ADJ
taxlaw-13768	309	26	earnings	earning	NOUN
taxlaw-13768	309	27	.	.	PUNCT
taxlaw-13768	310	1	”64	”64	PROPN
taxlaw-13768	310	2	he	he	PRON
taxlaw-13768	310	3	discussed	discuss	VERB
taxlaw-13768	310	4	cases	case	NOUN
taxlaw-13768	310	5	involving	involve	VERB
taxlaw-13768	310	6	the	the	DET
taxlaw-13768	310	7	distribution	distribution	NOUN
taxlaw-13768	310	8	of	of	ADP
taxlaw-13768	310	9	current	current	ADJ
taxlaw-13768	310	10	earnings	earning	NOUN
taxlaw-13768	310	11	after	after	ADP
taxlaw-13768	310	12	years	year	NOUN
taxlaw-13768	310	13	of	of	ADP
taxlaw-13768	310	14	prior	prior	ADJ
taxlaw-13768	310	15	deficits	deficit	NOUN
taxlaw-13768	310	16	,	,	PUNCT
taxlaw-13768	310	17	pointing	point	VERB
taxlaw-13768	310	18	out	out	ADP
taxlaw-13768	310	19	that	that	SCONJ
taxlaw-13768	310	20	shareholders	shareholder	NOUN
taxlaw-13768	310	21	do	do	AUX
taxlaw-13768	310	22	not	not	PART
taxlaw-13768	310	23	benefit	benefit	VERB
taxlaw-13768	310	24	from	from	ADP
taxlaw-13768	310	25	the	the	DET
taxlaw-13768	310	26	losses	loss	NOUN
taxlaw-13768	310	27	by	by	ADP
taxlaw-13768	310	28	treating	treat	VERB
taxlaw-13768	310	29	the	the	DET
taxlaw-13768	310	30	distribution	distribution	NOUN
taxlaw-13768	310	31	as	as	ADP
taxlaw-13768	310	32	a	a	DET
taxlaw-13768	310	33	return	return	NOUN
taxlaw-13768	310	34	of	of	ADP
taxlaw-13768	310	35	invested	invest	VERB
taxlaw-13768	310	36	capital	capital	NOUN
taxlaw-13768	310	37	even	even	ADV
taxlaw-13768	310	38	though	though	SCONJ
taxlaw-13768	310	39	at	at	ADP
taxlaw-13768	310	40	the	the	DET
taxlaw-13768	310	41	corporate	corporate	ADJ
taxlaw-13768	310	42	level	level	NOUN
taxlaw-13768	310	43	the	the	DET
taxlaw-13768	310	44	losses	loss	NOUN
taxlaw-13768	310	45	are	be	AUX
taxlaw-13768	310	46	effectively	effectively	ADV
taxlaw-13768	310	47	so	so	ADV
taxlaw-13768	310	48	treated	treat	VERB
taxlaw-13768	310	49	.	.	PUNCT
taxlaw-13768	311	1	he	he	PRON
taxlaw-13768	311	2	described	describe	VERB
taxlaw-13768	311	3	that	that	SCONJ
taxlaw-13768	311	4	the	the	DET
taxlaw-13768	311	5	proceeds	proceed	NOUN
taxlaw-13768	311	6	from	from	ADP
taxlaw-13768	311	7	corporate	corporate	ADJ
taxlaw-13768	311	8	liquidations	liquidation	NOUN
taxlaw-13768	311	9	are	be	AUX
taxlaw-13768	311	10	treated	treat	VERB
taxlaw-13768	311	11	as	as	ADP
taxlaw-13768	311	12	capital	capital	NOUN
taxlaw-13768	311	13	gain	gain	NOUN
taxlaw-13768	311	14	rather	rather	ADV
taxlaw-13768	311	15	than	than	ADP
taxlaw-13768	311	16	as	as	ADP
taxlaw-13768	311	17	a	a	DET
taxlaw-13768	311	18	dividend	dividend	NOUN
taxlaw-13768	311	19	to	to	ADP
taxlaw-13768	311	20	the	the	DET
taxlaw-13768	311	21	extent	extent	NOUN
taxlaw-13768	311	22	of	of	ADP
taxlaw-13768	311	23	retained	retain	VERB
taxlaw-13768	311	24	earnings	earning	NOUN
taxlaw-13768	311	25	.	.	PUNCT
taxlaw-13768	312	1	and	and	CCONJ
taxlaw-13768	312	2	he	he	PRON
taxlaw-13768	312	3	pointed	point	VERB
taxlaw-13768	312	4	out	out	ADP
taxlaw-13768	312	5	that	that	SCONJ
taxlaw-13768	312	6	shareholders	shareholder	NOUN
taxlaw-13768	312	7	selling	sell	VERB
taxlaw-13768	312	8	their	their	PRON
taxlaw-13768	312	9	stock	stock	NOUN
taxlaw-13768	312	10	receive	receive	VERB
taxlaw-13768	312	11	capital	capital	NOUN
taxlaw-13768	312	12	gain	gain	VERB
taxlaw-13768	312	13	treatment	treatment	NOUN
taxlaw-13768	312	14	even	even	ADV
taxlaw-13768	312	15	though	though	SCONJ
taxlaw-13768	312	16	the	the	DET
taxlaw-13768	312	17	gain	gain	NOUN
taxlaw-13768	312	18	may	may	AUX
taxlaw-13768	312	19	reflect	reflect	VERB
taxlaw-13768	312	20	increases	increase	NOUN
taxlaw-13768	312	21	in	in	ADP
taxlaw-13768	312	22	retained	retain	VERB
taxlaw-13768	312	23	earnings	earning	NOUN
taxlaw-13768	312	24	.	.	PUNCT
taxlaw-13768	313	1	he	he	PRON
taxlaw-13768	313	2	concluded	conclude	VERB
taxlaw-13768	313	3	that	that	SCONJ
taxlaw-13768	313	4	the	the	DET
taxlaw-13768	313	5	taxation	taxation	NOUN
taxlaw-13768	313	6	“	"	PUNCT
taxlaw-13768	313	7	of	of	ADP
taxlaw-13768	313	8	distribution[s	distribution[	NOUN
taxlaw-13768	313	9	]	]	PUNCT
taxlaw-13768	313	10	,	,	PUNCT
taxlaw-13768	313	11	both	both	CCONJ
taxlaw-13768	313	12	in	in	ADP
taxlaw-13768	313	13	operation	operation	NOUN
taxlaw-13768	313	14	and	and	CCONJ
taxlaw-13768	313	15	in	in	ADP
taxlaw-13768	313	16	reason	reason	NOUN
taxlaw-13768	313	17	,	,	PUNCT
taxlaw-13768	313	18	is	be	AUX
taxlaw-13768	313	19	a	a	DET
taxlaw-13768	313	20	good	good	ADJ
taxlaw-13768	313	21	deal	deal	NOUN
taxlaw-13768	313	22	more	more	ADJ
taxlaw-13768	313	23	than	than	ADP
taxlaw-13768	313	24	a	a	DET
taxlaw-13768	313	25	mere	mere	ADJ
taxlaw-13768	313	26	postponement	postponement	NOUN
taxlaw-13768	313	27	of	of	ADP
taxlaw-13768	313	28	tax	tax	NOUN
taxlaw-13768	313	29	on	on	ADP
taxlaw-13768	313	30	corporate	corporate	ADJ
taxlaw-13768	313	31	earnings	earning	NOUN
taxlaw-13768	313	32	.	.	PUNCT
taxlaw-13768	314	1	”65	”65	NOUN
taxlaw-13768	314	2	based	base	VERB
taxlaw-13768	314	3	on	on	ADP
taxlaw-13768	314	4	that	that	DET
taxlaw-13768	314	5	conclusion	conclusion	NOUN
taxlaw-13768	314	6	,	,	PUNCT
taxlaw-13768	314	7	professor	professor	PROPN
taxlaw-13768	314	8	andrews	andrews	PROPN
taxlaw-13768	314	9	suggested	suggest	VERB
taxlaw-13768	314	10	that	that	SCONJ
taxlaw-13768	314	11	the	the	DET
taxlaw-13768	314	12	concept	concept	NOUN
taxlaw-13768	314	13	of	of	ADP
taxlaw-13768	314	14	e&p	e&p	PROPN
taxlaw-13768	314	15	,	,	PUNCT
taxlaw-13768	314	16	while	while	SCONJ
taxlaw-13768	314	17	useful	useful	ADJ
taxlaw-13768	314	18	in	in	ADP
taxlaw-13768	314	19	the	the	DET
taxlaw-13768	314	20	context	context	NOUN
taxlaw-13768	314	21	of	of	ADP
taxlaw-13768	314	22	exempting	exempt	VERB
taxlaw-13768	314	23	post-1913	post-1913	ADJ
taxlaw-13768	314	24	distributions	distribution	NOUN
taxlaw-13768	314	25	of	of	ADP
taxlaw-13768	314	26	pre-1914	pre-1914	NOUN
taxlaw-13768	314	27	corporate	corporate	ADJ
taxlaw-13768	314	28	earnings	earning	NOUN
taxlaw-13768	314	29	,	,	PUNCT
taxlaw-13768	314	30	has	have	AUX
taxlaw-13768	314	31	outlived	outlive	VERB
taxlaw-13768	314	32	its	its	PRON
taxlaw-13768	314	33	usefulness	usefulness	NOUN
taxlaw-13768	314	34	and	and	CCONJ
taxlaw-13768	314	35	should	should	AUX
taxlaw-13768	314	36	be	be	AUX
taxlaw-13768	314	37	eliminated	eliminate	VERB
taxlaw-13768	314	38	62	62	NUM
taxlaw-13768	314	39	andrews	andrew	NOUN
taxlaw-13768	314	40	,	,	PUNCT
taxlaw-13768	314	41	supra	supra	PROPN
taxlaw-13768	314	42	note	note	NOUN
taxlaw-13768	314	43	60	60	NUM
taxlaw-13768	314	44	,	,	PUNCT
taxlaw-13768	314	45	at	at	ADP
taxlaw-13768	314	46	1408	1408	NUM
taxlaw-13768	314	47	.	.	PUNCT
taxlaw-13768	315	1	63	63	NUM
taxlaw-13768	315	2	i	i	PRON
taxlaw-13768	315	3	d.	d.	PROPN
taxlaw-13768	315	4	at	at	ADP
taxlaw-13768	315	5	1417	1417	NUM
taxlaw-13768	315	6	.	.	PUNCT
taxlaw-13768	316	1	64	64	NUM
taxlaw-13768	316	2	i	i	PRON
taxlaw-13768	316	3	d.	d.	NOUN
taxlaw-13768	316	4	at	at	ADP
taxlaw-13768	316	5	1418	1418	NUM
taxlaw-13768	316	6	.	.	PUNCT
taxlaw-13768	317	1	65	65	NUM
taxlaw-13768	318	1	i	i	PRON
taxlaw-13768	318	2	d.	d.	PROPN
taxlaw-13768	318	3	at	at	ADP
taxlaw-13768	318	4	1425	1425	NUM
taxlaw-13768	318	5	.	.	PUNCT
taxlaw-13768	319	1	176	176	NUM
taxlaw-13768	319	2	columbia	columbia	PROPN
taxlaw-13768	319	3	journal	journal	PROPN
taxlaw-13768	319	4	of	of	ADP
taxlaw-13768	319	5	tax	tax	NOUN
taxlaw-13768	319	6	law	law	NOUN
taxlaw-13768	319	7	[	[	X
taxlaw-13768	319	8	vol	vol	NOUN
taxlaw-13768	319	9	.	.	PUNCT
taxlaw-13768	320	1	16:2	16:2	NUM
taxlaw-13768	320	2	or	or	CCONJ
taxlaw-13768	320	3	substantially	substantially	ADV
taxlaw-13768	320	4	limited	limit	VERB
taxlaw-13768	320	5	:	:	PUNCT
taxlaw-13768	320	6	the	the	DET
taxlaw-13768	320	7	tax	tax	NOUN
taxlaw-13768	320	8	on	on	ADP
taxlaw-13768	320	9	shareholders	shareholder	NOUN
taxlaw-13768	320	10	mostly	mostly	ADV
taxlaw-13768	320	11	is	be	AUX
taxlaw-13768	320	12	,	,	PUNCT
taxlaw-13768	320	13	and	and	CCONJ
taxlaw-13768	320	14	should	should	AUX
taxlaw-13768	320	15	be	be	AUX
taxlaw-13768	320	16	,	,	PUNCT
taxlaw-13768	320	17	a	a	DET
taxlaw-13768	320	18	separate	separate	ADJ
taxlaw-13768	320	19	tax	tax	NOUN
taxlaw-13768	320	20	on	on	ADP
taxlaw-13768	320	21	realized	realize	VERB
taxlaw-13768	320	22	distributions	distribution	NOUN
taxlaw-13768	320	23	and	and	CCONJ
taxlaw-13768	320	24	not	not	PART
taxlaw-13768	320	25	a	a	DET
taxlaw-13768	320	26	delayed	delay	VERB
taxlaw-13768	320	27	tax	tax	NOUN
taxlaw-13768	320	28	on	on	ADP
taxlaw-13768	320	29	corporate	corporate	ADJ
taxlaw-13768	320	30	earnings	earning	NOUN
taxlaw-13768	320	31	.	.	PUNCT
taxlaw-13768	321	1	professor	professor	PROPN
taxlaw-13768	321	2	andrews	andrews	PROPN
taxlaw-13768	321	3	did	do	AUX
taxlaw-13768	321	4	not	not	PART
taxlaw-13768	321	5	discuss	discuss	VERB
taxlaw-13768	321	6	foreign	foreign	ADJ
taxlaw-13768	321	7	corporations	corporation	NOUN
taxlaw-13768	321	8	in	in	ADP
taxlaw-13768	321	9	his	his	PRON
taxlaw-13768	321	10	article	article	NOUN
taxlaw-13768	321	11	.	.	PUNCT
taxlaw-13768	322	1	but	but	CCONJ
taxlaw-13768	322	2	there	there	PRON
taxlaw-13768	322	3	is	be	VERB
taxlaw-13768	322	4	no	no	DET
taxlaw-13768	322	5	basis	basis	NOUN
taxlaw-13768	322	6	,	,	PUNCT
taxlaw-13768	322	7	in	in	ADP
taxlaw-13768	322	8	his	his	PRON
taxlaw-13768	322	9	analysis	analysis	NOUN
taxlaw-13768	322	10	at	at	ADP
taxlaw-13768	322	11	least	least	ADJ
taxlaw-13768	322	12	,	,	PUNCT
taxlaw-13768	322	13	for	for	ADP
taxlaw-13768	322	14	distinguishing	distinguish	VERB
taxlaw-13768	322	15	the	the	DET
taxlaw-13768	322	16	tax	tax	NOUN
taxlaw-13768	322	17	on	on	ADP
taxlaw-13768	322	18	realized	realize	VERB
taxlaw-13768	322	19	distributions	distribution	NOUN
taxlaw-13768	322	20	of	of	ADP
taxlaw-13768	322	21	foreign	foreign	ADJ
taxlaw-13768	322	22	corporations	corporation	NOUN
taxlaw-13768	322	23	from	from	ADP
taxlaw-13768	322	24	those	those	PRON
taxlaw-13768	322	25	of	of	ADP
taxlaw-13768	322	26	domestic	domestic	ADJ
taxlaw-13768	322	27	corporations	corporation	NOUN
taxlaw-13768	322	28	.	.	PUNCT
taxlaw-13768	323	1	and	and	CCONJ
taxlaw-13768	323	2	,	,	PUNCT
taxlaw-13768	323	3	while	while	SCONJ
taxlaw-13768	323	4	professor	professor	PROPN
taxlaw-13768	323	5	andrews	andrews	PROPN
taxlaw-13768	323	6	never	never	ADV
taxlaw-13768	323	7	used	use	VERB
taxlaw-13768	323	8	the	the	DET
taxlaw-13768	323	9	word	word	NOUN
taxlaw-13768	323	10	,	,	PUNCT
taxlaw-13768	323	11	his	his	PRON
taxlaw-13768	323	12	discussion	discussion	NOUN
taxlaw-13768	323	13	of	of	ADP
taxlaw-13768	323	14	a	a	DET
taxlaw-13768	323	15	policy	policy	NOUN
taxlaw-13768	323	16	that	that	PRON
taxlaw-13768	323	17	treats	treat	VERB
taxlaw-13768	323	18	the	the	DET
taxlaw-13768	323	19	tax	tax	NOUN
taxlaw-13768	323	20	on	on	ADP
taxlaw-13768	323	21	dividends	dividend	NOUN
taxlaw-13768	323	22	as	as	ADP
taxlaw-13768	323	23	a	a	DET
taxlaw-13768	323	24	delayed	delayed	ADJ
taxlaw-13768	323	25	tax	tax	NOUN
taxlaw-13768	323	26	on	on	ADP
taxlaw-13768	323	27	corporate	corporate	ADJ
taxlaw-13768	323	28	earnings	earning	NOUN
taxlaw-13768	323	29	could	could	AUX
taxlaw-13768	323	30	have	have	AUX
taxlaw-13768	323	31	been	be	AUX
taxlaw-13768	323	32	described	describe	VERB
taxlaw-13768	323	33	as	as	ADP
taxlaw-13768	323	34	a	a	DET
taxlaw-13768	323	35	policy	policy	NOUN
taxlaw-13768	323	36	of	of	ADP
taxlaw-13768	323	37	“	"	PUNCT
taxlaw-13768	323	38	deferral	deferral	ADJ
taxlaw-13768	323	39	.	.	PUNCT
taxlaw-13768	323	40	”	"	PUNCT
taxlaw-13768	324	1	to	to	ADP
taxlaw-13768	324	2	him	he	PRON
taxlaw-13768	324	3	,	,	PUNCT
taxlaw-13768	324	4	a	a	DET
taxlaw-13768	324	5	true	true	ADJ
taxlaw-13768	324	6	delayed	delayed	ADJ
taxlaw-13768	324	7	tax	tax	NOUN
taxlaw-13768	324	8	on	on	ADP
taxlaw-13768	324	9	corporate	corporate	ADJ
taxlaw-13768	324	10	earnings	earning	NOUN
taxlaw-13768	324	11	would	would	AUX
taxlaw-13768	324	12	look	look	VERB
taxlaw-13768	324	13	a	a	DET
taxlaw-13768	324	14	lot	lot	NOUN
taxlaw-13768	324	15	like	like	ADP
taxlaw-13768	324	16	what	what	PRON
taxlaw-13768	324	17	later	later	ADV
taxlaw-13768	324	18	became	become	VERB
taxlaw-13768	324	19	section	section	NOUN
taxlaw-13768	324	20	1248	1248	NUM
taxlaw-13768	324	21	as	as	SCONJ
taxlaw-13768	324	22	applied	apply	VERB
taxlaw-13768	324	23	to	to	ADP
taxlaw-13768	324	24	foreign	foreign	ADJ
taxlaw-13768	324	25	corporations	corporation	NOUN
taxlaw-13768	324	26	that	that	PRON
taxlaw-13768	324	27	are	be	AUX
taxlaw-13768	324	28	or	or	CCONJ
taxlaw-13768	324	29	were	be	AUX
taxlaw-13768	324	30	cfcs	cfc	VERB
taxlaw-13768	324	31	.	.	PUNCT
taxlaw-13768	325	1	we	we	PRON
taxlaw-13768	325	2	suspect	suspect	VERB
taxlaw-13768	325	3	he	he	PRON
taxlaw-13768	325	4	would	would	AUX
taxlaw-13768	325	5	describe	describe	VERB
taxlaw-13768	325	6	section	section	NOUN
taxlaw-13768	325	7	1248	1248	NUM
taxlaw-13768	325	8	as	as	ADP
taxlaw-13768	325	9	converting	convert	VERB
taxlaw-13768	325	10	what	what	PRON
taxlaw-13768	325	11	otherwise	otherwise	ADV
taxlaw-13768	325	12	is	be	AUX
taxlaw-13768	325	13	a	a	DET
taxlaw-13768	325	14	separate	separate	ADJ
taxlaw-13768	325	15	tax	tax	NOUN
taxlaw-13768	325	16	on	on	ADP
taxlaw-13768	325	17	distributions	distribution	NOUN
taxlaw-13768	325	18	by	by	ADP
taxlaw-13768	325	19	foreign	foreign	ADJ
taxlaw-13768	325	20	companies	company	NOUN
taxlaw-13768	325	21	into	into	ADP
taxlaw-13768	325	22	a	a	DET
taxlaw-13768	325	23	delayed	delay	VERB
taxlaw-13768	325	24	tax	tax	NOUN
taxlaw-13768	325	25	on	on	ADP
taxlaw-13768	325	26	the	the	DET
taxlaw-13768	325	27	earnings	earning	NOUN
taxlaw-13768	325	28	of	of	ADP
taxlaw-13768	325	29	such	such	ADJ
taxlaw-13768	325	30	companies	company	NOUN
taxlaw-13768	325	31	at	at	ADP
taxlaw-13768	325	32	the	the	DET
taxlaw-13768	325	33	shareholder	shareholder	NOUN
taxlaw-13768	325	34	level	level	NOUN
taxlaw-13768	325	35	.	.	PUNCT
taxlaw-13768	326	1	how	how	SCONJ
taxlaw-13768	326	2	does	do	AUX
taxlaw-13768	326	3	all	all	DET
taxlaw-13768	326	4	this	this	PRON
taxlaw-13768	326	5	relate	relate	NOUN
taxlaw-13768	326	6	to	to	ADP
taxlaw-13768	326	7	section	section	NOUN
taxlaw-13768	326	8	367(b	367(b	PROPN
taxlaw-13768	326	9	)	)	PUNCT
taxlaw-13768	326	10	and	and	CCONJ
taxlaw-13768	326	11	corporate	corporate	ADJ
taxlaw-13768	326	12	level	level	NOUN
taxlaw-13768	326	13	tax	tax	NOUN
taxlaw-13768	326	14	avoidance	avoidance	NOUN
taxlaw-13768	326	15	in	in	ADP
taxlaw-13768	326	16	an	an	DET
taxlaw-13768	326	17	inbound	inbound	ADJ
taxlaw-13768	326	18	asset	asset	NOUN
taxlaw-13768	326	19	reorganization	reorganization	NOUN
taxlaw-13768	326	20	?	?	PUNCT
taxlaw-13768	327	1	returning	return	VERB
taxlaw-13768	327	2	to	to	ADP
taxlaw-13768	327	3	first	first	ADJ
taxlaw-13768	327	4	principles	principle	NOUN
taxlaw-13768	327	5	,	,	PUNCT
taxlaw-13768	327	6	the	the	DET
taxlaw-13768	327	7	united	united	PROPN
taxlaw-13768	327	8	states	states	PROPN
taxlaw-13768	327	9	does	do	AUX
taxlaw-13768	327	10	not	not	PART
taxlaw-13768	327	11	tax	tax	VERB
taxlaw-13768	327	12	a	a	DET
taxlaw-13768	327	13	foreign	foreign	ADJ
taxlaw-13768	327	14	corporation	corporation	NOUN
taxlaw-13768	327	15	on	on	ADP
taxlaw-13768	327	16	its	its	PRON
taxlaw-13768	327	17	earnings	earning	NOUN
taxlaw-13768	327	18	that	that	PRON
taxlaw-13768	327	19	are	be	AUX
taxlaw-13768	327	20	not	not	PART
taxlaw-13768	327	21	fdap	fdap	ADJ
taxlaw-13768	327	22	or	or	CCONJ
taxlaw-13768	327	23	effectively	effectively	ADV
taxlaw-13768	327	24	connected	connect	VERB
taxlaw-13768	327	25	to	to	ADP
taxlaw-13768	327	26	a	a	DET
taxlaw-13768	327	27	u.s	u.s	PROPN
taxlaw-13768	327	28	.	.	PROPN
taxlaw-13768	327	29	trade	trade	NOUN
taxlaw-13768	327	30	or	or	CCONJ
taxlaw-13768	327	31	business	business	NOUN
taxlaw-13768	327	32	.	.	PUNCT
taxlaw-13768	328	1	that	that	PRON
taxlaw-13768	328	2	is	be	AUX
taxlaw-13768	328	3	a	a	DET
taxlaw-13768	328	4	sensible	sensible	ADJ
taxlaw-13768	328	5	jurisdictional	jurisdictional	ADJ
taxlaw-13768	328	6	rule	rule	NOUN
taxlaw-13768	328	7	,	,	PUNCT
taxlaw-13768	328	8	at	at	ADP
taxlaw-13768	328	9	least	least	ADJ
taxlaw-13768	328	10	assuming	assume	VERB
taxlaw-13768	328	11	the	the	DET
taxlaw-13768	328	12	corporation	corporation	NOUN
taxlaw-13768	328	13	is	be	AUX
taxlaw-13768	328	14	not	not	PART
taxlaw-13768	328	15	managed	manage	VERB
taxlaw-13768	328	16	and	and	CCONJ
taxlaw-13768	328	17	controlled	control	VERB
taxlaw-13768	328	18	in	in	ADP
taxlaw-13768	328	19	the	the	DET
taxlaw-13768	328	20	united	united	PROPN
taxlaw-13768	328	21	states	states	PROPN
taxlaw-13768	328	22	.	.	PUNCT
taxlaw-13768	329	1	noneffectively	noneffectively	ADV
taxlaw-13768	329	2	connected	connect	VERB
taxlaw-13768	329	3	and	and	CCONJ
taxlaw-13768	329	4	non	non	ADJ
taxlaw-13768	329	5	-	-	ADJ
taxlaw-13768	329	6	u.s.-source	u.s.-source	ADJ
taxlaw-13768	329	7	amounts	amount	NOUN
taxlaw-13768	329	8	are	be	AUX
taxlaw-13768	329	9	excluded	exclude	VERB
taxlaw-13768	329	10	from	from	ADP
taxlaw-13768	329	11	gross	gross	ADJ
taxlaw-13768	329	12	income	income	NOUN
taxlaw-13768	329	13	;	;	PUNCT
taxlaw-13768	329	14	section	section	NOUN
taxlaw-13768	329	15	11(d	11(d	NUM
taxlaw-13768	329	16	)	)	PUNCT
taxlaw-13768	329	17	says	say	VERB
taxlaw-13768	329	18	section	section	NOUN
taxlaw-13768	329	19	11	11	NUM
taxlaw-13768	329	20	applies	apply	VERB
taxlaw-13768	329	21	“	"	PUNCT
taxlaw-13768	329	22	only	only	ADV
taxlaw-13768	329	23	as	as	SCONJ
taxlaw-13768	329	24	provided	provide	VERB
taxlaw-13768	329	25	by	by	ADP
taxlaw-13768	329	26	section	section	NOUN
taxlaw-13768	329	27	882	882	NUM
taxlaw-13768	329	28	.	.	PUNCT
taxlaw-13768	329	29	”	"	PUNCT
taxlaw-13768	329	30	section	section	NOUN
taxlaw-13768	329	31	882(b	882(b	NUM
taxlaw-13768	329	32	)	)	PUNCT
taxlaw-13768	329	33	provides	provide	VERB
taxlaw-13768	329	34	that	that	DET
taxlaw-13768	329	35	gross	gross	ADJ
taxlaw-13768	329	36	income	income	NOUN
taxlaw-13768	329	37	“	"	PUNCT
taxlaw-13768	329	38	includes	include	VERB
taxlaw-13768	329	39	only	only	ADV
taxlaw-13768	329	40	”	"	PUNCT
taxlaw-13768	329	41	amounts	amount	NOUN
taxlaw-13768	329	42	that	that	PRON
taxlaw-13768	329	43	are	be	AUX
taxlaw-13768	329	44	effectively	effectively	ADV
taxlaw-13768	329	45	connected	connect	VERB
taxlaw-13768	329	46	with	with	ADP
taxlaw-13768	329	47	a	a	DET
taxlaw-13768	329	48	u.s	u.s	PROPN
taxlaw-13768	329	49	.	.	PROPN
taxlaw-13768	329	50	trade	trade	NOUN
taxlaw-13768	329	51	or	or	CCONJ
taxlaw-13768	329	52	business	business	NOUN
taxlaw-13768	329	53	or	or	CCONJ
taxlaw-13768	329	54	are	be	AUX
taxlaw-13768	329	55	otherwise	otherwise	ADV
taxlaw-13768	329	56	derived	derive	VERB
taxlaw-13768	329	57	from	from	ADP
taxlaw-13768	329	58	u.s	u.s	PROPN
taxlaw-13768	329	59	.	.	PROPN
taxlaw-13768	329	60	sources	source	NOUN
taxlaw-13768	329	61	.	.	PUNCT
taxlaw-13768	330	1	that	that	DET
taxlaw-13768	330	2	treatment	treatment	NOUN
taxlaw-13768	330	3	is	be	AUX
taxlaw-13768	330	4	parallel	parallel	ADJ
taxlaw-13768	330	5	to	to	ADP
taxlaw-13768	330	6	the	the	DET
taxlaw-13768	330	7	treatment	treatment	NOUN
taxlaw-13768	330	8	of	of	ADP
taxlaw-13768	330	9	tax	tax	NOUN
taxlaw-13768	330	10	-	-	PUNCT
taxlaw-13768	330	11	exempt	exempt	ADJ
taxlaw-13768	330	12	bond	bond	NOUN
taxlaw-13768	330	13	interest	interest	NOUN
taxlaw-13768	330	14	under	under	ADP
taxlaw-13768	330	15	section	section	NOUN
taxlaw-13768	330	16	103	103	NUM
taxlaw-13768	330	17	,	,	PUNCT
taxlaw-13768	330	18	which	which	PRON
taxlaw-13768	330	19	provides	provide	VERB
taxlaw-13768	330	20	that	that	SCONJ
taxlaw-13768	330	21	“	"	PUNCT
taxlaw-13768	330	22	gross	gross	ADJ
taxlaw-13768	330	23	income	income	NOUN
taxlaw-13768	330	24	does	do	AUX
taxlaw-13768	330	25	not	not	PART
taxlaw-13768	330	26	include	include	VERB
taxlaw-13768	330	27	”	"	PUNCT
taxlaw-13768	330	28	such	such	ADJ
taxlaw-13768	330	29	interest	interest	NOUN
taxlaw-13768	330	30	.	.	PUNCT
taxlaw-13768	331	1	we	we	PRON
taxlaw-13768	331	2	often	often	ADV
taxlaw-13768	331	3	say	say	VERB
taxlaw-13768	331	4	we	we	PRON
taxlaw-13768	331	5	are	be	AUX
taxlaw-13768	331	6	“	"	PUNCT
taxlaw-13768	331	7	deferring	defer	VERB
taxlaw-13768	331	8	”	"	PUNCT
taxlaw-13768	331	9	the	the	DET
taxlaw-13768	331	10	tax	tax	NOUN
taxlaw-13768	331	11	on	on	ADP
taxlaw-13768	331	12	a	a	DET
taxlaw-13768	331	13	foreign	foreign	ADJ
taxlaw-13768	331	14	corporation	corporation	NOUN
taxlaw-13768	331	15	’s	’s	PART
taxlaw-13768	331	16	income	income	NOUN
taxlaw-13768	331	17	until	until	SCONJ
taxlaw-13768	331	18	it	it	PRON
taxlaw-13768	331	19	is	be	AUX
taxlaw-13768	331	20	distributed	distribute	VERB
taxlaw-13768	331	21	,	,	PUNCT
taxlaw-13768	331	22	but	but	CCONJ
taxlaw-13768	331	23	jurisdictionally	jurisdictionally	ADV
taxlaw-13768	331	24	that	that	PRON
taxlaw-13768	331	25	is	be	AUX
taxlaw-13768	331	26	a	a	DET
taxlaw-13768	331	27	misnomer	misnomer	NOUN
taxlaw-13768	331	28	.	.	PUNCT
taxlaw-13768	332	1	even	even	ADV
taxlaw-13768	332	2	before	before	ADP
taxlaw-13768	332	3	the	the	DET
taxlaw-13768	332	4	2017	2017	NUM
taxlaw-13768	332	5	tcja	tcja	NOUN
taxlaw-13768	332	6	,	,	PUNCT
taxlaw-13768	332	7	the	the	DET
taxlaw-13768	332	8	united	united	PROPN
taxlaw-13768	332	9	states	states	PROPN
taxlaw-13768	332	10	never	never	ADV
taxlaw-13768	332	11	taxed	tax	VERB
taxlaw-13768	332	12	non	non	ADJ
taxlaw-13768	332	13	-	-	ADJ
taxlaw-13768	332	14	u.s	u.s	PROPN
taxlaw-13768	332	15	.	.	PROPN
taxlaw-13768	332	16	source	source	PROPN
taxlaw-13768	332	17	,	,	PUNCT
taxlaw-13768	332	18	non	non	ADJ
taxlaw-13768	332	19	-	-	ADJ
taxlaw-13768	332	20	effectively	effectively	ADV
taxlaw-13768	332	21	connected	connected	ADJ
taxlaw-13768	332	22	foreign	foreign	ADJ
taxlaw-13768	332	23	corporation	corporation	NOUN
taxlaw-13768	332	24	income	income	NOUN
taxlaw-13768	332	25	as	as	ADP
taxlaw-13768	332	26	such	such	ADJ
taxlaw-13768	332	27	.	.	PUNCT
taxlaw-13768	333	1	apart	apart	ADV
taxlaw-13768	333	2	from	from	ADP
taxlaw-13768	333	3	subpart	subpart	PROPN
taxlaw-13768	333	4	f	f	PROPN
taxlaw-13768	333	5	(	(	PUNCT
taxlaw-13768	333	6	and	and	CCONJ
taxlaw-13768	333	7	now	now	ADV
taxlaw-13768	333	8	gilti	gilti	NOUN
taxlaw-13768	333	9	)	)	PUNCT
taxlaw-13768	333	10	,	,	PUNCT
taxlaw-13768	333	11	we	we	PRON
taxlaw-13768	333	12	only	only	ADV
taxlaw-13768	333	13	taxed	tax	VERB
taxlaw-13768	333	14	dividends	dividend	NOUN
taxlaw-13768	333	15	as	as	SCONJ
taxlaw-13768	333	16	they	they	PRON
taxlaw-13768	333	17	were	be	AUX
taxlaw-13768	333	18	received	receive	VERB
taxlaw-13768	333	19	,	,	PUNCT
taxlaw-13768	333	20	which	which	PRON
taxlaw-13768	333	21	is	be	AUX
taxlaw-13768	333	22	consistent	consistent	ADJ
taxlaw-13768	333	23	with	with	ADP
taxlaw-13768	333	24	a	a	DET
taxlaw-13768	333	25	separate	separate	ADJ
taxlaw-13768	333	26	tax	tax	NOUN
taxlaw-13768	333	27	on	on	ADP
taxlaw-13768	333	28	shareholders	shareholder	NOUN
taxlaw-13768	333	29	rather	rather	ADV
taxlaw-13768	333	30	than	than	ADP
taxlaw-13768	333	31	a	a	DET
taxlaw-13768	333	32	delayed	delay	VERB
taxlaw-13768	333	33	tax	tax	NOUN
taxlaw-13768	333	34	on	on	ADP
taxlaw-13768	333	35	corporate	corporate	ADJ
taxlaw-13768	333	36	earnings	earning	NOUN
taxlaw-13768	333	37	,	,	PUNCT
taxlaw-13768	333	38	just	just	ADV
taxlaw-13768	333	39	as	as	SCONJ
taxlaw-13768	333	40	it	it	PRON
taxlaw-13768	333	41	is	be	AUX
taxlaw-13768	333	42	in	in	ADP
taxlaw-13768	333	43	the	the	DET
taxlaw-13768	333	44	domestic	domestic	ADJ
taxlaw-13768	333	45	corporate	corporate	ADJ
taxlaw-13768	333	46	context	context	NOUN
taxlaw-13768	333	47	.	.	PUNCT
taxlaw-13768	334	1	we	we	PRON
taxlaw-13768	334	2	did	do	AUX
taxlaw-13768	334	3	provide	provide	VERB
taxlaw-13768	334	4	an	an	DET
taxlaw-13768	334	5	appropriate	appropriate	ADJ
taxlaw-13768	334	6	foreign	foreign	ADJ
taxlaw-13768	334	7	tax	tax	NOUN
taxlaw-13768	334	8	credit	credit	NOUN
taxlaw-13768	334	9	to	to	ADP
taxlaw-13768	334	10	corporate	corporate	ADJ
taxlaw-13768	334	11	u.s	u.s	PROPN
taxlaw-13768	334	12	.	.	PROPN
taxlaw-13768	334	13	shareholders	shareholder	NOUN
taxlaw-13768	334	14	but	but	CCONJ
taxlaw-13768	334	15	arguably	arguably	ADV
taxlaw-13768	334	16	that	that	PRON
taxlaw-13768	334	17	was	be	AUX
taxlaw-13768	334	18	justifiable	justifiable	ADJ
taxlaw-13768	334	19	as	as	ADP
taxlaw-13768	334	20	our	our	PRON
taxlaw-13768	334	21	way	way	NOUN
taxlaw-13768	334	22	of	of	ADP
taxlaw-13768	334	23	managing	manage	VERB
taxlaw-13768	334	24	cross	cross	ADJ
taxlaw-13768	334	25	-	-	ADJ
taxlaw-13768	334	26	border	border	ADJ
taxlaw-13768	334	27	double	double	ADJ
taxlaw-13768	334	28	taxation	taxation	NOUN
taxlaw-13768	334	29	of	of	ADP
taxlaw-13768	334	30	corporate	corporate	ADJ
taxlaw-13768	334	31	earnings	earning	NOUN
taxlaw-13768	334	32	,	,	PUNCT
taxlaw-13768	334	33	as	as	ADP
taxlaw-13768	334	34	an	an	DET
taxlaw-13768	334	35	alternative	alternative	NOUN
taxlaw-13768	334	36	to	to	ADP
taxlaw-13768	334	37	a	a	DET
taxlaw-13768	334	38	dividends	dividend	NOUN
taxlaw-13768	334	39	-	-	PUNCT
taxlaw-13768	334	40	received	receive	VERB
taxlaw-13768	334	41	deduction	deduction	NOUN
taxlaw-13768	334	42	,	,	PUNCT
taxlaw-13768	334	43	not	not	PART
taxlaw-13768	334	44	an	an	DET
taxlaw-13768	334	45	indication	indication	NOUN
taxlaw-13768	334	46	of	of	ADP
taxlaw-13768	334	47	a	a	DET
taxlaw-13768	334	48	system	system	NOUN
taxlaw-13768	334	49	of	of	ADP
taxlaw-13768	334	50	deferred	deferred	ADJ
taxlaw-13768	334	51	tax	tax	NOUN
taxlaw-13768	334	52	on	on	ADP
taxlaw-13768	334	53	corporate	corporate	ADJ
taxlaw-13768	334	54	earnings	earning	NOUN
taxlaw-13768	334	55	.	.	PUNCT
taxlaw-13768	335	1	that	that	PRON
taxlaw-13768	335	2	is	be	AUX
taxlaw-13768	335	3	why	why	SCONJ
taxlaw-13768	335	4	,	,	PUNCT
taxlaw-13768	335	5	for	for	ADP
taxlaw-13768	335	6	example	example	NOUN
taxlaw-13768	335	7	,	,	PUNCT
taxlaw-13768	335	8	we	we	PRON
taxlaw-13768	335	9	provided	provide	VERB
taxlaw-13768	335	10	the	the	DET
taxlaw-13768	335	11	credit	credit	NOUN
taxlaw-13768	335	12	for	for	ADP
taxlaw-13768	335	13	preacquisition	preacquisition	NOUN
taxlaw-13768	335	14	earnings	earning	NOUN
taxlaw-13768	335	15	that	that	PRON
taxlaw-13768	335	16	are	be	AUX
taxlaw-13768	335	17	distributed	distribute	VERB
taxlaw-13768	335	18	to	to	ADP
taxlaw-13768	335	19	acquiring	acquire	VERB
taxlaw-13768	335	20	shareholders	shareholder	NOUN
taxlaw-13768	335	21	of	of	ADP
taxlaw-13768	335	22	a	a	DET
taxlaw-13768	335	23	foreign	foreign	ADJ
taxlaw-13768	335	24	corporation	corporation	NOUN
taxlaw-13768	335	25	.	.	PUNCT
taxlaw-13768	336	1	nonetheless	nonetheless	ADV
taxlaw-13768	336	2	,	,	PUNCT
taxlaw-13768	336	3	the	the	DET
taxlaw-13768	336	4	notion	notion	NOUN
taxlaw-13768	336	5	that	that	SCONJ
taxlaw-13768	336	6	the	the	DET
taxlaw-13768	336	7	u.s	u.s	PROPN
taxlaw-13768	336	8	.	.	PROPN
taxlaw-13768	336	9	tax	tax	NOUN
taxlaw-13768	336	10	on	on	ADP
taxlaw-13768	336	11	the	the	DET
taxlaw-13768	336	12	income	income	NOUN
taxlaw-13768	336	13	of	of	ADP
taxlaw-13768	336	14	a	a	DET
taxlaw-13768	336	15	foreign	foreign	ADJ
taxlaw-13768	336	16	corporation	corporation	NOUN
taxlaw-13768	336	17	generally	generally	ADV
taxlaw-13768	336	18	should	should	AUX
taxlaw-13768	336	19	ultimately	ultimately	ADV
taxlaw-13768	336	20	be	be	AUX
taxlaw-13768	336	21	imposed	impose	VERB
taxlaw-13768	336	22	but	but	CCONJ
taxlaw-13768	336	23	is	be	AUX
taxlaw-13768	336	24	“	"	PUNCT
taxlaw-13768	336	25	deferred	defer	VERB
taxlaw-13768	336	26	”	"	PUNCT
taxlaw-13768	336	27	has	have	AUX
taxlaw-13768	336	28	influenced	influence	VERB
taxlaw-13768	336	29	our	our	PRON
taxlaw-13768	336	30	international	international	ADJ
taxlaw-13768	336	31	tax	tax	NOUN
taxlaw-13768	336	32	policy	policy	NOUN
taxlaw-13768	336	33	for	for	ADP
taxlaw-13768	336	34	over	over	ADP
taxlaw-13768	336	35	60	60	NUM
taxlaw-13768	336	36	years	year	NOUN
taxlaw-13768	336	37	.	.	PUNCT
taxlaw-13768	337	1	given	give	VERB
taxlaw-13768	337	2	the	the	DET
taxlaw-13768	337	3	paradigm	paradigm	NOUN
taxlaw-13768	337	4	of	of	ADP
taxlaw-13768	337	5	separate	separate	ADJ
taxlaw-13768	337	6	shareholder	shareholder	NOUN
taxlaw-13768	337	7	taxation	taxation	NOUN
taxlaw-13768	337	8	posed	pose	VERB
taxlaw-13768	337	9	by	by	ADP
taxlaw-13768	337	10	professor	professor	NOUN
taxlaw-13768	337	11	andrews	andrews	PROPN
taxlaw-13768	337	12	as	as	ADP
taxlaw-13768	337	13	a	a	DET
taxlaw-13768	337	14	general	general	ADJ
taxlaw-13768	337	15	matter	matter	NOUN
taxlaw-13768	337	16	,	,	PUNCT
taxlaw-13768	337	17	we	we	PRON
taxlaw-13768	337	18	would	would	AUX
taxlaw-13768	337	19	argue	argue	VERB
taxlaw-13768	337	20	we	we	PRON
taxlaw-13768	337	21	only	only	ADV
taxlaw-13768	337	22	really	really	ADV
taxlaw-13768	337	23	adopted	adopt	VERB
taxlaw-13768	337	24	the	the	DET
taxlaw-13768	337	25	paradigm	paradigm	NOUN
taxlaw-13768	337	26	that	that	SCONJ
taxlaw-13768	337	27	the	the	DET
taxlaw-13768	337	28	tax	tax	NOUN
taxlaw-13768	337	29	on	on	ADP
taxlaw-13768	337	30	a	a	DET
taxlaw-13768	337	31	shareholder	shareholder	NOUN
taxlaw-13768	337	32	of	of	ADP
taxlaw-13768	337	33	a	a	DET
taxlaw-13768	337	34	foreign	foreign	ADJ
taxlaw-13768	337	35	corporation	corporation	NOUN
taxlaw-13768	337	36	is	be	AUX
taxlaw-13768	337	37	a	a	DET
taxlaw-13768	337	38	deferred	deferred	ADJ
taxlaw-13768	337	39	tax	tax	NOUN
taxlaw-13768	337	40	on	on	ADP
taxlaw-13768	337	41	corporate	corporate	ADJ
taxlaw-13768	337	42	earnings	earning	NOUN
taxlaw-13768	337	43	with	with	ADP
taxlaw-13768	337	44	the	the	DET
taxlaw-13768	337	45	enactment	enactment	NOUN
taxlaw-13768	337	46	of	of	ADP
taxlaw-13768	337	47	subpart	subpart	NOUN
taxlaw-13768	337	48	f	f	PROPN
taxlaw-13768	337	49	and	and	CCONJ
taxlaw-13768	337	50	section	section	NOUN
taxlaw-13768	337	51	1248	1248	NUM
taxlaw-13768	337	52	(	(	PUNCT
taxlaw-13768	337	53	and	and	CCONJ
taxlaw-13768	337	54	its	its	PRON
taxlaw-13768	337	55	expansion	expansion	NOUN
taxlaw-13768	337	56	with	with	ADP
taxlaw-13768	337	57	gilti	gilti	NOUN
taxlaw-13768	337	58	)	)	PUNCT
taxlaw-13768	337	59	,	,	PUNCT
taxlaw-13768	337	60	and	and	CCONJ
taxlaw-13768	337	61	the	the	DET
taxlaw-13768	337	62	application	application	NOUN
taxlaw-13768	337	63	of	of	ADP
taxlaw-13768	337	64	that	that	DET
taxlaw-13768	337	65	paradigm	paradigm	NOUN
taxlaw-13768	337	66	is	be	AUX
taxlaw-13768	337	67	limited	limit	VERB
taxlaw-13768	337	68	to	to	ADP
taxlaw-13768	337	69	section	section	NOUN
taxlaw-13768	337	70	1248	1248	NUM
taxlaw-13768	337	71	shareholders	shareholder	NOUN
taxlaw-13768	337	72	and	and	CCONJ
taxlaw-13768	337	73	u.s	u.s	PROPN
taxlaw-13768	337	74	.	.	PROPN
taxlaw-13768	337	75	shareholders	shareholder	NOUN
taxlaw-13768	337	76	.	.	PUNCT
taxlaw-13768	338	1	if	if	SCONJ
taxlaw-13768	338	2	a	a	DET
taxlaw-13768	338	3	foreign	foreign	ADJ
taxlaw-13768	338	4	company	company	NOUN
taxlaw-13768	338	5	liquidates	liquidate	VERB
taxlaw-13768	338	6	under	under	ADP
taxlaw-13768	338	7	section	section	NOUN
taxlaw-13768	338	8	331	331	NUM
taxlaw-13768	338	9	,	,	PUNCT
taxlaw-13768	338	10	we	we	PRON
taxlaw-13768	338	11	treat	treat	VERB
taxlaw-13768	338	12	the	the	DET
taxlaw-13768	338	13	income	income	NOUN
taxlaw-13768	338	14	as	as	ADP
taxlaw-13768	338	15	capital	capital	NOUN
taxlaw-13768	338	16	gain	gain	NOUN
taxlaw-13768	338	17	to	to	ADP
taxlaw-13768	338	18	the	the	DET
taxlaw-13768	338	19	shareholder	shareholder	NOUN
taxlaw-13768	338	20	apart	apart	ADV
taxlaw-13768	338	21	from	from	ADP
taxlaw-13768	338	22	section	section	NOUN
taxlaw-13768	338	23	1248	1248	NUM
taxlaw-13768	338	24	.	.	PUNCT
taxlaw-13768	339	1	if	if	SCONJ
taxlaw-13768	339	2	a	a	DET
taxlaw-13768	339	3	u.s	u.s	PROPN
taxlaw-13768	339	4	.	.	PROPN
taxlaw-13768	339	5	company	company	NOUN
taxlaw-13768	339	6	acquires	acquire	VERB
taxlaw-13768	339	7	a	a	DET
taxlaw-13768	339	8	foreign	foreign	ADJ
taxlaw-13768	339	9	corporation	corporation	NOUN
taxlaw-13768	339	10	in	in	ADP
taxlaw-13768	339	11	a	a	DET
taxlaw-13768	339	12	taxable	taxable	ADJ
taxlaw-13768	339	13	transaction	transaction	NOUN
taxlaw-13768	339	14	and	and	CCONJ
taxlaw-13768	339	15	subsequently	subsequently	ADV
taxlaw-13768	339	16	liquidates	liquidate	VERB
taxlaw-13768	339	17	it	it	PRON
taxlaw-13768	339	18	,	,	PUNCT
taxlaw-13768	339	19	we	we	PRON
taxlaw-13768	339	20	do	do	AUX
taxlaw-13768	339	21	not	not	PART
taxlaw-13768	339	22	tax	tax	VERB
taxlaw-13768	339	23	the	the	DET
taxlaw-13768	339	24	foreign	foreign	ADJ
taxlaw-13768	339	25	corporation	corporation	NOUN
taxlaw-13768	339	26	’s	’s	PART
taxlaw-13768	339	27	pre	pre	ADJ
taxlaw-13768	339	28	-	-	ADJ
taxlaw-13768	339	29	acquisition	acquisition	ADJ
taxlaw-13768	339	30	earnings	earning	NOUN
taxlaw-13768	339	31	.	.	PUNCT
taxlaw-13768	340	1	even	even	ADV
taxlaw-13768	340	2	2025	2025	NUM
taxlaw-13768	340	3	]	]	PUNCT
taxlaw-13768	340	4	reflections	reflection	NOUN
taxlaw-13768	340	5	on	on	ADP
taxlaw-13768	340	6	367(b	367(b	PROPN
taxlaw-13768	340	7	)	)	PUNCT
taxlaw-13768	340	8	regulations	regulation	NOUN
taxlaw-13768	340	9	and	and	CCONJ
taxlaw-13768	340	10	inbound	inbound	ADJ
taxlaw-13768	340	11	transactions	transaction	NOUN
taxlaw-13768	340	12	177	177	NUM
taxlaw-13768	340	13	if	if	SCONJ
taxlaw-13768	340	14	the	the	DET
taxlaw-13768	340	15	u.s	u.s	PROPN
taxlaw-13768	340	16	.	.	PROPN
taxlaw-13768	340	17	corporation	corporation	NOUN
taxlaw-13768	340	18	acquires	acquire	VERB
taxlaw-13768	340	19	the	the	DET
taxlaw-13768	340	20	to	to	PART
taxlaw-13768	340	21	-	-	PUNCT
taxlaw-13768	340	22	be	be	AUX
taxlaw-13768	340	23	-	-	PUNCT
taxlaw-13768	340	24	liquidated	liquidate	VERB
taxlaw-13768	340	25	foreign	foreign	ADJ
taxlaw-13768	340	26	corporation	corporation	NOUN
taxlaw-13768	340	27	in	in	ADP
taxlaw-13768	340	28	a	a	DET
taxlaw-13768	340	29	taxfree	taxfree	NOUN
taxlaw-13768	340	30	reorganization	reorganization	NOUN
taxlaw-13768	340	31	transaction	transaction	NOUN
taxlaw-13768	340	32	,	,	PUNCT
taxlaw-13768	340	33	we	we	PRON
taxlaw-13768	340	34	do	do	AUX
taxlaw-13768	340	35	not	not	PART
taxlaw-13768	340	36	tax	tax	VERB
taxlaw-13768	340	37	the	the	DET
taxlaw-13768	340	38	pre	pre	ADJ
taxlaw-13768	340	39	-	-	ADJ
taxlaw-13768	340	40	acquisition	acquisition	ADJ
taxlaw-13768	340	41	earnings	earning	NOUN
taxlaw-13768	340	42	where	where	SCONJ
taxlaw-13768	340	43	the	the	DET
taxlaw-13768	340	44	corporation	corporation	NOUN
taxlaw-13768	340	45	was	be	AUX
taxlaw-13768	340	46	acquired	acquire	VERB
taxlaw-13768	340	47	from	from	ADP
taxlaw-13768	340	48	shareholders	shareholder	NOUN
taxlaw-13768	340	49	who	who	PRON
taxlaw-13768	340	50	are	be	AUX
taxlaw-13768	340	51	not	not	PART
taxlaw-13768	340	52	subject	subject	ADJ
taxlaw-13768	340	53	to	to	ADP
taxlaw-13768	340	54	u.s	u.s	PROPN
taxlaw-13768	340	55	.	.	PROPN
taxlaw-13768	340	56	tax	tax	NOUN
taxlaw-13768	340	57	.	.	PUNCT
taxlaw-13768	341	1	in	in	ADP
taxlaw-13768	341	2	these	these	DET
taxlaw-13768	341	3	liquidation	liquidation	NOUN
taxlaw-13768	341	4	cases	case	NOUN
taxlaw-13768	341	5	,	,	PUNCT
taxlaw-13768	341	6	we	we	PRON
taxlaw-13768	341	7	appropriately	appropriately	ADV
taxlaw-13768	341	8	exempt	exempt	VERB
taxlaw-13768	341	9	the	the	DET
taxlaw-13768	341	10	foreign	foreign	ADJ
taxlaw-13768	341	11	corporation	corporation	NOUN
taxlaw-13768	341	12	’s	’s	PART
taxlaw-13768	341	13	earnings	earning	NOUN
taxlaw-13768	341	14	from	from	ADP
taxlaw-13768	341	15	u.s	u.s	PROPN
taxlaw-13768	341	16	.	.	PROPN
taxlaw-13768	341	17	tax	tax	PROPN
taxlaw-13768	341	18	because	because	SCONJ
taxlaw-13768	341	19	,	,	PUNCT
taxlaw-13768	341	20	other	other	ADJ
taxlaw-13768	341	21	than	than	ADP
taxlaw-13768	341	22	under	under	ADP
taxlaw-13768	341	23	sections	section	NOUN
taxlaw-13768	341	24	881	881	NUM
taxlaw-13768	341	25	and	and	CCONJ
taxlaw-13768	341	26	882	882	NUM
taxlaw-13768	341	27	,	,	PUNCT
taxlaw-13768	341	28	as	as	ADP
taxlaw-13768	341	29	a	a	DET
taxlaw-13768	341	30	jurisdictional	jurisdictional	ADJ
taxlaw-13768	341	31	matter	matter	NOUN
taxlaw-13768	341	32	,	,	PUNCT
taxlaw-13768	341	33	we	we	PRON
taxlaw-13768	341	34	do	do	AUX
taxlaw-13768	341	35	not	not	PART
taxlaw-13768	341	36	treat	treat	VERB
taxlaw-13768	341	37	pre	pre	ADJ
taxlaw-13768	341	38	-	-	ADJ
taxlaw-13768	341	39	acquisition	acquisition	ADJ
taxlaw-13768	341	40	income	income	NOUN
taxlaw-13768	341	41	of	of	ADP
taxlaw-13768	341	42	a	a	DET
taxlaw-13768	341	43	foreign	foreign	ADJ
taxlaw-13768	341	44	corporation	corporation	NOUN
taxlaw-13768	341	45	as	as	SCONJ
taxlaw-13768	341	46	ours	ours	PRON
taxlaw-13768	341	47	to	to	PART
taxlaw-13768	341	48	tax	tax	VERB
taxlaw-13768	341	49	.	.	PUNCT
taxlaw-13768	342	1	the	the	DET
taxlaw-13768	342	2	corporate	corporate	ADJ
taxlaw-13768	342	3	tax	tax	NOUN
taxlaw-13768	342	4	for	for	ADP
taxlaw-13768	342	5	a	a	DET
taxlaw-13768	342	6	non	non	ADJ
taxlaw-13768	342	7	-	-	ADJ
taxlaw-13768	342	8	cfc	cfc	ADJ
taxlaw-13768	342	9	foreign	foreign	ADJ
taxlaw-13768	342	10	corporation	corporation	NOUN
taxlaw-13768	342	11	is	be	AUX
taxlaw-13768	342	12	properly	properly	ADV
taxlaw-13768	342	13	viewed	view	VERB
taxlaw-13768	342	14	as	as	ADP
taxlaw-13768	342	15	separate	separate	ADJ
taxlaw-13768	342	16	from	from	ADP
taxlaw-13768	342	17	the	the	DET
taxlaw-13768	342	18	shareholder	shareholder	NOUN
taxlaw-13768	342	19	tax	tax	NOUN
taxlaw-13768	342	20	,	,	PUNCT
taxlaw-13768	342	21	just	just	ADV
taxlaw-13768	342	22	as	as	SCONJ
taxlaw-13768	342	23	professor	professor	PROPN
taxlaw-13768	342	24	andrews	andrews	PROPN
taxlaw-13768	342	25	viewed	view	VERB
taxlaw-13768	342	26	it	it	PRON
taxlaw-13768	342	27	for	for	ADP
taxlaw-13768	342	28	a	a	DET
taxlaw-13768	342	29	domestic	domestic	ADJ
taxlaw-13768	342	30	corporation	corporation	NOUN
taxlaw-13768	342	31	.	.	PUNCT
taxlaw-13768	343	1	if	if	SCONJ
taxlaw-13768	343	2	the	the	DET
taxlaw-13768	343	3	tax	tax	NOUN
taxlaw-13768	343	4	on	on	ADP
taxlaw-13768	343	5	dividends	dividend	NOUN
taxlaw-13768	343	6	is	be	AUX
taxlaw-13768	343	7	separate	separate	ADJ
taxlaw-13768	343	8	from	from	ADP
taxlaw-13768	343	9	the	the	DET
taxlaw-13768	343	10	tax	tax	NOUN
taxlaw-13768	343	11	on	on	ADP
taxlaw-13768	343	12	corporate	corporate	ADJ
taxlaw-13768	343	13	earnings	earning	NOUN
taxlaw-13768	343	14	where	where	SCONJ
taxlaw-13768	343	15	section	section	NOUN
taxlaw-13768	343	16	1248	1248	NUM
taxlaw-13768	343	17	shareholders	shareholder	NOUN
taxlaw-13768	343	18	and	and	CCONJ
taxlaw-13768	343	19	u.s	u.s	PROPN
taxlaw-13768	343	20	.	.	PROPN
taxlaw-13768	343	21	shareholders	shareholder	NOUN
taxlaw-13768	343	22	of	of	ADP
taxlaw-13768	343	23	cfcs	cfc	NOUN
taxlaw-13768	343	24	are	be	AUX
taxlaw-13768	343	25	not	not	PART
taxlaw-13768	343	26	involved	involve	VERB
taxlaw-13768	343	27	,	,	PUNCT
taxlaw-13768	343	28	why	why	SCONJ
taxlaw-13768	343	29	should	should	AUX
taxlaw-13768	343	30	migrating	migrate	VERB
taxlaw-13768	343	31	a	a	DET
taxlaw-13768	343	32	foreign	foreign	ADJ
taxlaw-13768	343	33	corporation	corporation	NOUN
taxlaw-13768	343	34	’s	’s	PART
taxlaw-13768	343	35	retained	retain	VERB
taxlaw-13768	343	36	earnings	earning	NOUN
taxlaw-13768	343	37	—	—	PUNCT
taxlaw-13768	343	38	when	when	SCONJ
taxlaw-13768	343	39	they	they	PRON
taxlaw-13768	343	40	are	be	AUX
taxlaw-13768	343	41	not	not	PART
taxlaw-13768	343	42	previously	previously	ADV
taxlaw-13768	343	43	taxed	tax	VERB
taxlaw-13768	343	44	e&p	e&p	PROPN
taxlaw-13768	343	45	(	(	PUNCT
taxlaw-13768	343	46	“	"	PUNCT
taxlaw-13768	343	47	ptep	ptep	NOUN
taxlaw-13768	343	48	”	"	PUNCT
taxlaw-13768	343	49	)	)	PUNCT
taxlaw-13768	343	50	or	or	CCONJ
taxlaw-13768	343	51	section	section	NOUN
taxlaw-13768	343	52	1248	1248	NUM
taxlaw-13768	343	53	amounts	amount	NOUN
taxlaw-13768	343	54	—	—	PUNCT
taxlaw-13768	343	55	to	to	ADP
taxlaw-13768	343	56	its	its	PRON
taxlaw-13768	343	57	u.s	u.s	PROPN
taxlaw-13768	343	58	.	.	PROPN
taxlaw-13768	343	59	acquiror	acquiror	NOUN
taxlaw-13768	343	60	in	in	ADP
taxlaw-13768	343	61	an	an	DET
taxlaw-13768	343	62	inbound	inbound	ADJ
taxlaw-13768	343	63	asset	asset	NOUN
taxlaw-13768	343	64	reorganization	reorganization	NOUN
taxlaw-13768	343	65	be	be	AUX
taxlaw-13768	343	66	viewed	view	VERB
taxlaw-13768	343	67	as	as	ADP
taxlaw-13768	343	68	tax	tax	NOUN
taxlaw-13768	343	69	avoidance	avoidance	NOUN
taxlaw-13768	343	70	?	?	PUNCT
taxlaw-13768	344	1	kingson	kingson	PROPN
taxlaw-13768	344	2	’s	’s	PART
taxlaw-13768	344	3	explanation	explanation	NOUN
taxlaw-13768	344	4	was	be	AUX
taxlaw-13768	344	5	that	that	SCONJ
taxlaw-13768	344	6	it	it	PRON
taxlaw-13768	344	7	is	be	AUX
taxlaw-13768	344	8	corporate	corporate	ADJ
taxlaw-13768	344	9	level	level	NOUN
taxlaw-13768	344	10	avoidance	avoidance	NOUN
taxlaw-13768	344	11	to	to	PART
taxlaw-13768	344	12	grant	grant	VERB
taxlaw-13768	344	13	an	an	DET
taxlaw-13768	344	14	inbounding	inbounde	VERB
taxlaw-13768	344	15	company	company	NOUN
taxlaw-13768	344	16	asset	asset	NOUN
taxlaw-13768	344	17	basis	basis	NOUN
taxlaw-13768	344	18	when	when	SCONJ
taxlaw-13768	344	19	its	its	PRON
taxlaw-13768	344	20	earnings	earning	NOUN
taxlaw-13768	344	21	have	have	AUX
taxlaw-13768	344	22	not	not	PART
taxlaw-13768	344	23	been	be	AUX
taxlaw-13768	344	24	taxed	tax	VERB
taxlaw-13768	344	25	.	.	PUNCT
taxlaw-13768	345	1	but	but	CCONJ
taxlaw-13768	345	2	we	we	PRON
taxlaw-13768	345	3	suspect	suspect	VERB
taxlaw-13768	345	4	even	even	ADV
taxlaw-13768	345	5	he	he	PRON
taxlaw-13768	345	6	would	would	AUX
taxlaw-13768	345	7	have	have	AUX
taxlaw-13768	345	8	granted	grant	VERB
taxlaw-13768	345	9	that	that	DET
taxlaw-13768	345	10	basis	basis	NOUN
taxlaw-13768	345	11	derived	derive	VERB
taxlaw-13768	345	12	from	from	ADP
taxlaw-13768	345	13	tax	tax	NOUN
taxlaw-13768	345	14	exempt	exempt	ADJ
taxlaw-13768	345	15	income	income	NOUN
taxlaw-13768	345	16	should	should	AUX
taxlaw-13768	345	17	be	be	AUX
taxlaw-13768	345	18	recognized	recognize	VERB
taxlaw-13768	345	19	.	.	PUNCT
taxlaw-13768	346	1	while	while	SCONJ
taxlaw-13768	346	2	we	we	PRON
taxlaw-13768	346	3	could	could	AUX
taxlaw-13768	346	4	not	not	PART
taxlaw-13768	346	5	find	find	VERB
taxlaw-13768	346	6	a	a	DET
taxlaw-13768	346	7	discussion	discussion	NOUN
taxlaw-13768	346	8	in	in	ADP
taxlaw-13768	346	9	kingson	kingson	PROPN
taxlaw-13768	346	10	’s	’s	PART
taxlaw-13768	346	11	writings	writing	NOUN
taxlaw-13768	346	12	,	,	PUNCT
taxlaw-13768	346	13	professor	professor	PROPN
taxlaw-13768	346	14	andrews	andrews	PROPN
taxlaw-13768	346	15	was	be	AUX
taxlaw-13768	346	16	clear	clear	ADJ
taxlaw-13768	346	17	that	that	SCONJ
taxlaw-13768	346	18	exempt	exempt	ADJ
taxlaw-13768	346	19	income	income	NOUN
taxlaw-13768	346	20	at	at	ADP
taxlaw-13768	346	21	the	the	DET
taxlaw-13768	346	22	corporate	corporate	ADJ
taxlaw-13768	346	23	level	level	NOUN
taxlaw-13768	346	24	creates	create	VERB
taxlaw-13768	346	25	corporate	corporate	ADJ
taxlaw-13768	346	26	earnings	earning	NOUN
taxlaw-13768	346	27	and	and	CCONJ
taxlaw-13768	346	28	asset	asset	NOUN
taxlaw-13768	346	29	basis	basis	NOUN
taxlaw-13768	346	30	.	.	PUNCT
taxlaw-13768	347	1	moreover	moreover	ADV
taxlaw-13768	347	2	,	,	PUNCT
taxlaw-13768	347	3	in	in	ADP
taxlaw-13768	347	4	his	his	PRON
taxlaw-13768	347	5	1979	1979	NUM
taxlaw-13768	347	6	article	article	NOUN
taxlaw-13768	347	7	,	,	PUNCT
taxlaw-13768	347	8	kingson	kingson	PROPN
taxlaw-13768	347	9	acknowledged	acknowledge	VERB
taxlaw-13768	347	10	that	that	SCONJ
taxlaw-13768	347	11	the	the	DET
taxlaw-13768	347	12	migration	migration	NOUN
taxlaw-13768	347	13	of	of	ADP
taxlaw-13768	347	14	the	the	DET
taxlaw-13768	347	15	e&p	e&p	PROPN
taxlaw-13768	347	16	of	of	ADP
taxlaw-13768	347	17	a	a	DET
taxlaw-13768	347	18	puerto	puerto	ADJ
taxlaw-13768	347	19	rican	rican	ADJ
taxlaw-13768	347	20	company	company	NOUN
taxlaw-13768	347	21	liquidating	liquidate	VERB
taxlaw-13768	347	22	into	into	ADP
taxlaw-13768	347	23	a	a	DET
taxlaw-13768	347	24	u.s	u.s	PROPN
taxlaw-13768	347	25	.	.	PROPN
taxlaw-13768	347	26	company	company	NOUN
taxlaw-13768	347	27	would	would	AUX
taxlaw-13768	347	28	not	not	PART
taxlaw-13768	347	29	give	give	VERB
taxlaw-13768	347	30	rise	rise	NOUN
taxlaw-13768	347	31	to	to	ADP
taxlaw-13768	347	32	section	section	NOUN
taxlaw-13768	347	33	367(b	367(b	PROPN
taxlaw-13768	347	34	)	)	PUNCT
taxlaw-13768	347	35	tax	tax	NOUN
taxlaw-13768	347	36	avoidance	avoidance	NOUN
taxlaw-13768	347	37	because	because	SCONJ
taxlaw-13768	347	38	had	have	AUX
taxlaw-13768	347	39	it	it	PRON
taxlaw-13768	347	40	conducted	conduct	VERB
taxlaw-13768	347	41	itself	itself	PRON
taxlaw-13768	347	42	as	as	ADP
taxlaw-13768	347	43	a	a	DET
taxlaw-13768	347	44	u.s	u.s	PROPN
taxlaw-13768	347	45	.	.	PROPN
taxlaw-13768	347	46	corporation	corporation	NOUN
taxlaw-13768	347	47	its	its	PRON
taxlaw-13768	347	48	earnings	earning	NOUN
taxlaw-13768	347	49	would	would	AUX
taxlaw-13768	347	50	have	have	AUX
taxlaw-13768	347	51	been	be	AUX
taxlaw-13768	347	52	exempt.66	exempt.66	VERB
taxlaw-13768	347	53	the	the	DET
taxlaw-13768	347	54	granting	granting	NOUN
taxlaw-13768	347	55	of	of	ADP
taxlaw-13768	347	56	inbound	inbound	ADJ
taxlaw-13768	347	57	asset	asset	NOUN
taxlaw-13768	347	58	basis	basis	NOUN
taxlaw-13768	347	59	is	be	AUX
taxlaw-13768	347	60	only	only	ADV
taxlaw-13768	347	61	“	"	PUNCT
taxlaw-13768	347	62	tax	tax	NOUN
taxlaw-13768	347	63	avoidance	avoidance	NOUN
taxlaw-13768	347	64	”	"	PUNCT
taxlaw-13768	347	65	if	if	SCONJ
taxlaw-13768	347	66	the	the	DET
taxlaw-13768	347	67	earnings	earning	NOUN
taxlaw-13768	347	68	that	that	PRON
taxlaw-13768	347	69	gave	give	VERB
taxlaw-13768	347	70	rise	rise	NOUN
taxlaw-13768	347	71	to	to	ADP
taxlaw-13768	347	72	that	that	DET
taxlaw-13768	347	73	basis	basis	NOUN
taxlaw-13768	347	74	should	should	AUX
taxlaw-13768	347	75	have	have	AUX
taxlaw-13768	347	76	been	be	AUX
taxlaw-13768	347	77	subject	subject	ADJ
taxlaw-13768	347	78	to	to	ADP
taxlaw-13768	347	79	u.s	u.s	PROPN
taxlaw-13768	347	80	.	.	PROPN
taxlaw-13768	347	81	tax	tax	NOUN
taxlaw-13768	347	82	in	in	ADP
taxlaw-13768	347	83	the	the	DET
taxlaw-13768	347	84	first	first	ADJ
taxlaw-13768	347	85	place	place	NOUN
taxlaw-13768	347	86	.	.	PUNCT
taxlaw-13768	348	1	if	if	SCONJ
taxlaw-13768	348	2	they	they	PRON
taxlaw-13768	348	3	are	be	AUX
taxlaw-13768	348	4	properly	properly	ADV
taxlaw-13768	348	5	exempt	exempt	ADJ
taxlaw-13768	348	6	from	from	ADP
taxlaw-13768	348	7	u.s	u.s	PROPN
taxlaw-13768	348	8	.	.	PROPN
taxlaw-13768	348	9	tax	tax	NOUN
taxlaw-13768	348	10	,	,	PUNCT
taxlaw-13768	348	11	no	no	DET
taxlaw-13768	348	12	tax	tax	NOUN
taxlaw-13768	348	13	avoidance	avoidance	NOUN
taxlaw-13768	348	14	results	result	VERB
taxlaw-13768	348	15	from	from	ADP
taxlaw-13768	348	16	the	the	DET
taxlaw-13768	348	17	resulting	result	VERB
taxlaw-13768	348	18	basis	basis	NOUN
taxlaw-13768	348	19	.	.	PUNCT
taxlaw-13768	349	1	kingson	kingson	NOUN
taxlaw-13768	349	2	’s	’s	PART
taxlaw-13768	349	3	deferral	deferral	ADJ
taxlaw-13768	349	4	paradigm	paradigm	NOUN
taxlaw-13768	349	5	makes	make	VERB
taxlaw-13768	349	6	sense	sense	NOUN
taxlaw-13768	349	7	in	in	ADP
taxlaw-13768	349	8	a	a	DET
taxlaw-13768	349	9	world	world	NOUN
taxlaw-13768	349	10	of	of	ADP
taxlaw-13768	349	11	cfcs	cfcs	NOUN
taxlaw-13768	349	12	and	and	CCONJ
taxlaw-13768	349	13	section	section	NOUN
taxlaw-13768	349	14	1248	1248	NUM
taxlaw-13768	349	15	shareholders	shareholder	NOUN
taxlaw-13768	349	16	;	;	PUNCT
taxlaw-13768	349	17	we	we	PRON
taxlaw-13768	349	18	would	would	AUX
taxlaw-13768	349	19	argue	argue	VERB
taxlaw-13768	349	20	it	it	PRON
taxlaw-13768	349	21	does	do	AUX
taxlaw-13768	349	22	not	not	PART
taxlaw-13768	349	23	make	make	VERB
taxlaw-13768	349	24	sense	sense	NOUN
taxlaw-13768	349	25	beyond	beyond	ADP
taxlaw-13768	349	26	that	that	DET
taxlaw-13768	349	27	world.67	world.67	NOUN
taxlaw-13768	349	28	the	the	DET
taxlaw-13768	349	29	preambles	preamble	NOUN
taxlaw-13768	349	30	to	to	ADP
taxlaw-13768	349	31	the	the	DET
taxlaw-13768	349	32	1977	1977	NUM
taxlaw-13768	349	33	temporary	temporary	ADJ
taxlaw-13768	349	34	regulations	regulation	NOUN
taxlaw-13768	349	35	and	and	CCONJ
taxlaw-13768	349	36	the	the	DET
taxlaw-13768	349	37	1991	1991	NUM
taxlaw-13768	349	38	proposed	propose	VERB
taxlaw-13768	349	39	regulations	regulation	NOUN
taxlaw-13768	349	40	both	both	PRON
taxlaw-13768	349	41	posited	posit	VERB
taxlaw-13768	349	42	that	that	SCONJ
taxlaw-13768	349	43	the	the	DET
taxlaw-13768	349	44	regulations	regulation	NOUN
taxlaw-13768	349	45	attempted	attempt	VERB
taxlaw-13768	349	46	to	to	PART
taxlaw-13768	349	47	balance	balance	VERB
taxlaw-13768	349	48	the	the	DET
taxlaw-13768	349	49	desire	desire	NOUN
taxlaw-13768	349	50	for	for	ADP
taxlaw-13768	349	51	taxing	tax	VERB
taxlaw-13768	349	52	repatriations	repatriation	NOUN
taxlaw-13768	349	53	that	that	PRON
taxlaw-13768	349	54	would	would	AUX
taxlaw-13768	349	55	otherwise	otherwise	ADV
taxlaw-13768	349	56	result	result	VERB
taxlaw-13768	349	57	in	in	ADP
taxlaw-13768	349	58	avoidance	avoidance	NOUN
taxlaw-13768	349	59	with	with	ADP
taxlaw-13768	349	60	the	the	DET
taxlaw-13768	349	61	need	need	NOUN
taxlaw-13768	349	62	to	to	PART
taxlaw-13768	349	63	minimize	minimize	VERB
taxlaw-13768	349	64	distortions.68	distortions.68	ADJ
taxlaw-13768	349	65	but	but	CCONJ
taxlaw-13768	349	66	both	both	PRON
taxlaw-13768	349	67	adopted	adopt	VERB
taxlaw-13768	349	68	kingson	kingson	NOUN
taxlaw-13768	349	69	’s	’s	PART
taxlaw-13768	349	70	framework	framework	NOUN
taxlaw-13768	349	71	that	that	SCONJ
taxlaw-13768	349	72	there	there	PRON
taxlaw-13768	349	73	was	be	VERB
taxlaw-13768	349	74	corporate	corporate	ADJ
taxlaw-13768	349	75	level	level	NOUN
taxlaw-13768	349	76	avoidance	avoidance	NOUN
taxlaw-13768	349	77	(	(	PUNCT
taxlaw-13768	349	78	dealt	deal	VERB
taxlaw-13768	349	79	with	with	ADP
taxlaw-13768	349	80	in	in	ADP
taxlaw-13768	349	81	the	the	DET
taxlaw-13768	349	82	§	§	PROPN
taxlaw-13768	349	83	7.367(b)-3	7.367(b)-3	PROPN
taxlaw-13768	349	84	regulation	regulation	NOUN
taxlaw-13768	349	85	)	)	PUNCT
taxlaw-13768	349	86	separate	separate	ADJ
taxlaw-13768	349	87	from	from	ADP
taxlaw-13768	349	88	any	any	DET
taxlaw-13768	349	89	shareholder	shareholder	NOUN
taxlaw-13768	349	90	level	level	NOUN
taxlaw-13768	349	91	avoidance	avoidance	NOUN
taxlaw-13768	349	92	(	(	PUNCT
taxlaw-13768	349	93	dealt	deal	VERB
taxlaw-13768	349	94	with	with	ADP
taxlaw-13768	349	95	in	in	ADP
taxlaw-13768	349	96	the	the	DET
taxlaw-13768	349	97	§	§	PROPN
taxlaw-13768	349	98	7.367(b)-7	7.367(b)-7	NUM
taxlaw-13768	349	99	regulation	regulation	NOUN
taxlaw-13768	349	100	)	)	PUNCT
taxlaw-13768	349	101	and	and	CCONJ
taxlaw-13768	349	102	that	that	SCONJ
taxlaw-13768	349	103	,	,	PUNCT
taxlaw-13768	349	104	since	since	SCONJ
taxlaw-13768	349	105	there	there	PRON
taxlaw-13768	349	106	is	be	VERB
taxlaw-13768	349	107	no	no	DET
taxlaw-13768	349	108	authority	authority	NOUN
taxlaw-13768	349	109	to	to	PART
taxlaw-13768	349	110	tax	tax	VERB
taxlaw-13768	349	111	the	the	DET
taxlaw-13768	349	112	inbounded	inbounde	VERB
taxlaw-13768	349	113	earnings	earning	NOUN
taxlaw-13768	349	114	under	under	ADP
taxlaw-13768	349	115	section	section	NOUN
taxlaw-13768	349	116	367(b	367(b	PROPN
taxlaw-13768	349	117	)	)	PUNCT
taxlaw-13768	349	118	directly	directly	ADV
taxlaw-13768	349	119	,	,	PUNCT
taxlaw-13768	349	120	the	the	DET
taxlaw-13768	349	121	earnings	earning	NOUN
taxlaw-13768	349	122	should	should	AUX
taxlaw-13768	349	123	be	be	AUX
taxlaw-13768	349	124	taxed	tax	VERB
taxlaw-13768	349	125	to	to	ADP
taxlaw-13768	349	126	its	its	PRON
taxlaw-13768	349	127	shareholders	shareholder	NOUN
taxlaw-13768	349	128	or	or	CCONJ
taxlaw-13768	349	129	,	,	PUNCT
taxlaw-13768	349	130	if	if	SCONJ
taxlaw-13768	349	131	feasible	feasible	ADJ
taxlaw-13768	349	132	,	,	PUNCT
taxlaw-13768	349	133	asset	asset	NOUN
taxlaw-13768	349	134	basis	basis	NOUN
taxlaw-13768	349	135	should	should	AUX
taxlaw-13768	349	136	be	be	AUX
taxlaw-13768	349	137	reduced	reduce	VERB
taxlaw-13768	349	138	.	.	PUNCT
taxlaw-13768	350	1	but	but	CCONJ
taxlaw-13768	350	2	if	if	SCONJ
taxlaw-13768	350	3	the	the	DET
taxlaw-13768	350	4	premise	premise	NOUN
taxlaw-13768	350	5	that	that	SCONJ
taxlaw-13768	350	6	non	non	ADJ
taxlaw-13768	350	7	-	-	ADJ
taxlaw-13768	350	8	cfc	cfc	ADJ
taxlaw-13768	350	9	foreign	foreign	ADJ
taxlaw-13768	350	10	corporate	corporate	ADJ
taxlaw-13768	350	11	earnings	earning	NOUN
taxlaw-13768	350	12	should	should	AUX
taxlaw-13768	350	13	be	be	AUX
taxlaw-13768	350	14	subject	subject	ADJ
taxlaw-13768	350	15	to	to	ADP
taxlaw-13768	350	16	u.s	u.s	PROPN
taxlaw-13768	350	17	.	.	PROPN
taxlaw-13768	350	18	tax	tax	NOUN
taxlaw-13768	350	19	before	before	SCONJ
taxlaw-13768	350	20	assets	asset	NOUN
taxlaw-13768	350	21	can	can	AUX
taxlaw-13768	350	22	have	have	VERB
taxlaw-13768	350	23	basis	basis	NOUN
taxlaw-13768	350	24	is	be	AUX
taxlaw-13768	350	25	wrong	wrong	ADJ
taxlaw-13768	350	26	because	because	SCONJ
taxlaw-13768	350	27	the	the	DET
taxlaw-13768	350	28	pretransaction	pretransaction	NOUN
taxlaw-13768	350	29	earnings	earning	NOUN
taxlaw-13768	350	30	are	be	AUX
taxlaw-13768	350	31	exempt	exempt	ADJ
taxlaw-13768	350	32	because	because	SCONJ
taxlaw-13768	350	33	they	they	PRON
taxlaw-13768	350	34	are	be	AUX
taxlaw-13768	350	35	not	not	PART
taxlaw-13768	350	36	ours	ours	PRON
taxlaw-13768	350	37	to	to	PART
taxlaw-13768	350	38	tax	tax	VERB
taxlaw-13768	350	39	,	,	PUNCT
taxlaw-13768	350	40	we	we	PRON
taxlaw-13768	350	41	need	need	AUX
taxlaw-13768	350	42	not	not	PART
taxlaw-13768	350	43	worry	worry	VERB
taxlaw-13768	350	44	about	about	ADP
taxlaw-13768	350	45	the	the	DET
taxlaw-13768	350	46	magnitude	magnitude	NOUN
taxlaw-13768	350	47	of	of	ADP
taxlaw-13768	350	48	asset	asset	NOUN
taxlaw-13768	350	49	basis	basis	NOUN
taxlaw-13768	350	50	when	when	SCONJ
taxlaw-13768	350	51	non	non	ADJ
taxlaw-13768	350	52	-	-	ADJ
taxlaw-13768	350	53	cfc	cfc	ADJ
taxlaw-13768	350	54	corporations	corporation	NOUN
taxlaw-13768	350	55	move	move	VERB
taxlaw-13768	350	56	inbound	inbound	ADV
taxlaw-13768	350	57	—	—	PUNCT
taxlaw-13768	350	58	66	66	NUM
taxlaw-13768	350	59	see	see	VERB
taxlaw-13768	350	60	kingson	kingson	PROPN
taxlaw-13768	350	61	,	,	PUNCT
taxlaw-13768	350	62	supra	supra	PROPN
taxlaw-13768	350	63	note	note	PROPN
taxlaw-13768	350	64	15	15	NUM
taxlaw-13768	350	65	,	,	PUNCT
taxlaw-13768	350	66	at	at	ADP
taxlaw-13768	350	67	31	31	NUM
taxlaw-13768	350	68	.	.	PUNCT
taxlaw-13768	350	69	67	67	NUM
taxlaw-13768	350	70	in	in	ADP
taxlaw-13768	350	71	a	a	DET
taxlaw-13768	350	72	post	post	ADJ
taxlaw-13768	350	73	-	-	ADJ
taxlaw-13768	350	74	loper	loper	ADJ
taxlaw-13768	350	75	bright	bright	ADJ
taxlaw-13768	350	76	world	world	NOUN
taxlaw-13768	350	77	,	,	PUNCT
taxlaw-13768	350	78	we	we	PRON
taxlaw-13768	350	79	wonder	wonder	VERB
taxlaw-13768	350	80	whether	whether	SCONJ
taxlaw-13768	350	81	taxpayers	taxpayer	NOUN
taxlaw-13768	350	82	could	could	AUX
taxlaw-13768	350	83	challenge	challenge	VERB
taxlaw-13768	350	84	the	the	DET
taxlaw-13768	350	85	regulations	regulation	NOUN
taxlaw-13768	350	86	as	as	ADP
taxlaw-13768	350	87	exceeding	exceed	VERB
taxlaw-13768	350	88	the	the	DET
taxlaw-13768	350	89	authority	authority	NOUN
taxlaw-13768	350	90	granted	grant	VERB
taxlaw-13768	350	91	by	by	ADP
taxlaw-13768	350	92	congress	congress	PROPN
taxlaw-13768	350	93	in	in	ADP
taxlaw-13768	350	94	situations	situation	NOUN
taxlaw-13768	350	95	where	where	SCONJ
taxlaw-13768	350	96	there	there	PRON
taxlaw-13768	350	97	arguably	arguably	ADV
taxlaw-13768	350	98	is	be	AUX
taxlaw-13768	350	99	no	no	DET
taxlaw-13768	350	100	“	"	PUNCT
taxlaw-13768	350	101	avoidance	avoidance	NOUN
taxlaw-13768	350	102	of	of	ADP
taxlaw-13768	350	103	federal	federal	ADJ
taxlaw-13768	350	104	income	income	NOUN
taxlaw-13768	350	105	taxes	taxis	NOUN
taxlaw-13768	350	106	.	.	PUNCT
taxlaw-13768	350	107	”	"	PUNCT
taxlaw-13768	351	1	see	see	VERB
taxlaw-13768	351	2	loper	loper	PROPN
taxlaw-13768	351	3	bright	bright	ADJ
taxlaw-13768	351	4	enters	enter	NOUN
taxlaw-13768	351	5	.	.	PUNCT
taxlaw-13768	352	1	v.	v.	CCONJ
taxlaw-13768	352	2	raimondo	raimondo	PROPN
taxlaw-13768	352	3	,	,	PUNCT
taxlaw-13768	352	4	603	603	NUM
taxlaw-13768	352	5	u.s	u.s	AUX
taxlaw-13768	352	6	.	.	PROPN
taxlaw-13768	352	7	369	369	NUM
taxlaw-13768	352	8	(	(	PUNCT
taxlaw-13768	352	9	2024	2024	NUM
taxlaw-13768	352	10	)	)	PUNCT
taxlaw-13768	352	11	(	(	PUNCT
taxlaw-13768	352	12	overruling	overrule	VERB
taxlaw-13768	352	13	chevron	chevron	NOUN
taxlaw-13768	352	14	)	)	PUNCT
taxlaw-13768	352	15	.	.	PUNCT
taxlaw-13768	353	1	68	68	NUM
taxlaw-13768	353	2	see	see	VERB
taxlaw-13768	353	3	supra	supra	PROPN
taxlaw-13768	353	4	part	part	PROPN
taxlaw-13768	353	5	ii.b	ii.b	PROPN
taxlaw-13768	353	6	.	.	PUNCT
taxlaw-13768	354	1	(	(	PUNCT
taxlaw-13768	354	2	overviewing	overviewe	VERB
taxlaw-13768	354	3	the	the	DET
taxlaw-13768	354	4	“	"	PUNCT
taxlaw-13768	354	5	repatriation	repatriation	NOUN
taxlaw-13768	354	6	principle	principle	NOUN
taxlaw-13768	354	7	”	"	PUNCT
taxlaw-13768	354	8	and	and	CCONJ
taxlaw-13768	354	9	“	"	PUNCT
taxlaw-13768	354	10	distortion	distortion	NOUN
taxlaw-13768	354	11	principle	principle	NOUN
taxlaw-13768	354	12	”	"	PUNCT
taxlaw-13768	354	13	)	)	PUNCT
taxlaw-13768	354	14	.	.	PUNCT
taxlaw-13768	355	1	178	178	NUM
taxlaw-13768	355	2	columbia	columbia	PROPN
taxlaw-13768	355	3	journal	journal	PROPN
taxlaw-13768	355	4	of	of	ADP
taxlaw-13768	355	5	tax	tax	NOUN
taxlaw-13768	355	6	law	law	NOUN
taxlaw-13768	355	7	[	[	X
taxlaw-13768	355	8	vol	vol	NOUN
taxlaw-13768	355	9	.	.	PUNCT
taxlaw-13768	356	1	16:2	16:2	NUM
taxlaw-13768	356	2	any	any	PRON
taxlaw-13768	356	3	more	more	ADJ
taxlaw-13768	356	4	than	than	SCONJ
taxlaw-13768	356	5	we	we	PRON
taxlaw-13768	356	6	worry	worry	VERB
taxlaw-13768	356	7	about	about	ADP
taxlaw-13768	356	8	the	the	DET
taxlaw-13768	356	9	basis	basis	NOUN
taxlaw-13768	356	10	of	of	ADP
taxlaw-13768	356	11	assets	asset	NOUN
taxlaw-13768	356	12	of	of	ADP
taxlaw-13768	356	13	individuals	individual	NOUN
taxlaw-13768	356	14	when	when	SCONJ
taxlaw-13768	356	15	they	they	PRON
taxlaw-13768	356	16	become	become	VERB
taxlaw-13768	356	17	u.s	u.s	PROPN
taxlaw-13768	356	18	.	.	PROPN
taxlaw-13768	356	19	resident	resident	ADJ
taxlaw-13768	356	20	taxpayers	taxpayer	NOUN
taxlaw-13768	356	21	.	.	PUNCT
taxlaw-13768	357	1	if	if	SCONJ
taxlaw-13768	357	2	this	this	PRON
taxlaw-13768	357	3	is	be	AUX
taxlaw-13768	357	4	correct	correct	ADJ
taxlaw-13768	357	5	,	,	PUNCT
taxlaw-13768	357	6	then	then	ADV
taxlaw-13768	357	7	the	the	DET
taxlaw-13768	357	8	focus	focus	NOUN
taxlaw-13768	357	9	of	of	ADP
taxlaw-13768	357	10	section	section	NOUN
taxlaw-13768	357	11	367(b	367(b	PROPN
taxlaw-13768	357	12	)	)	PUNCT
taxlaw-13768	357	13	with	with	ADP
taxlaw-13768	357	14	respect	respect	NOUN
taxlaw-13768	357	15	to	to	ADP
taxlaw-13768	357	16	corporate	corporate	ADJ
taxlaw-13768	357	17	level	level	NOUN
taxlaw-13768	357	18	avoidance	avoidance	NOUN
taxlaw-13768	357	19	in	in	ADP
taxlaw-13768	357	20	inbound	inbound	ADJ
taxlaw-13768	357	21	asset	asset	NOUN
taxlaw-13768	357	22	reorganizations	reorganization	NOUN
taxlaw-13768	357	23	should	should	AUX
taxlaw-13768	357	24	be	be	AUX
taxlaw-13768	357	25	preserving	preserve	VERB
taxlaw-13768	357	26	or	or	CCONJ
taxlaw-13768	357	27	collecting	collect	VERB
taxlaw-13768	357	28	the	the	DET
taxlaw-13768	357	29	section	section	NOUN
taxlaw-13768	357	30	1248	1248	NUM
taxlaw-13768	357	31	amount.69	amount.69	NOUN
taxlaw-13768	357	32	requiring	require	VERB
taxlaw-13768	357	33	shareholders	shareholder	NOUN
taxlaw-13768	357	34	to	to	PART
taxlaw-13768	357	35	include	include	VERB
taxlaw-13768	357	36	the	the	DET
taxlaw-13768	357	37	all	all	DET
taxlaw-13768	357	38	e&p	e&p	PROPN
taxlaw-13768	357	39	amount	amount	NOUN
taxlaw-13768	357	40	instead	instead	ADV
taxlaw-13768	357	41	of	of	ADP
taxlaw-13768	357	42	the	the	DET
taxlaw-13768	357	43	section	section	NOUN
taxlaw-13768	357	44	1248	1248	NUM
taxlaw-13768	357	45	amount	amount	NOUN
taxlaw-13768	357	46	for	for	ADP
taxlaw-13768	357	47	the	the	DET
taxlaw-13768	357	48	acquired	acquire	VERB
taxlaw-13768	357	49	foreign	foreign	ADJ
taxlaw-13768	357	50	corporation	corporation	NOUN
taxlaw-13768	357	51	and	and	CCONJ
taxlaw-13768	357	52	requiring	require	VERB
taxlaw-13768	357	53	gain	gain	NOUN
taxlaw-13768	357	54	recognition	recognition	NOUN
taxlaw-13768	357	55	by	by	ADP
taxlaw-13768	357	56	non	non	ADJ
taxlaw-13768	357	57	-	-	NOUN
taxlaw-13768	357	58	section	section	ADJ
taxlaw-13768	357	59	1248	1248	NUM
taxlaw-13768	357	60	shareholders	shareholder	NOUN
taxlaw-13768	357	61	in	in	ADP
taxlaw-13768	357	62	lieu	lieu	NOUN
taxlaw-13768	357	63	of	of	ADP
taxlaw-13768	357	64	that	that	DET
taxlaw-13768	357	65	inclusion	inclusion	NOUN
taxlaw-13768	357	66	becomes	become	VERB
taxlaw-13768	357	67	a	a	DET
taxlaw-13768	357	68	distortion	distortion	NOUN
taxlaw-13768	357	69	rather	rather	ADV
taxlaw-13768	357	70	than	than	ADP
taxlaw-13768	357	71	a	a	DET
taxlaw-13768	357	72	way	way	NOUN
taxlaw-13768	357	73	of	of	ADP
taxlaw-13768	357	74	preventing	prevent	VERB
taxlaw-13768	357	75	avoidance	avoidance	NOUN
taxlaw-13768	357	76	.	.	PUNCT
taxlaw-13768	358	1	indeed	indeed	ADV
taxlaw-13768	358	2	,	,	PUNCT
taxlaw-13768	358	3	as	as	ADP
taxlaw-13768	358	4	a	a	DET
taxlaw-13768	358	5	policy	policy	NOUN
taxlaw-13768	358	6	matter	matter	NOUN
taxlaw-13768	358	7	,	,	PUNCT
taxlaw-13768	358	8	one	one	PRON
taxlaw-13768	358	9	could	could	AUX
taxlaw-13768	358	10	go	go	VERB
taxlaw-13768	358	11	further	far	ADV
taxlaw-13768	358	12	and	and	CCONJ
taxlaw-13768	358	13	say	say	VERB
taxlaw-13768	358	14	that	that	SCONJ
taxlaw-13768	358	15	our	our	PRON
taxlaw-13768	358	16	current	current	ADJ
taxlaw-13768	358	17	rules	rule	NOUN
taxlaw-13768	358	18	create	create	VERB
taxlaw-13768	358	19	an	an	DET
taxlaw-13768	358	20	even	even	ADV
taxlaw-13768	358	21	greater	great	ADJ
taxlaw-13768	358	22	distortion	distortion	NOUN
taxlaw-13768	358	23	in	in	ADP
taxlaw-13768	358	24	an	an	DET
taxlaw-13768	358	25	inbound	inbound	ADJ
taxlaw-13768	358	26	asset	asset	NOUN
taxlaw-13768	358	27	reorganization	reorganization	NOUN
taxlaw-13768	358	28	because	because	SCONJ
taxlaw-13768	358	29	,	,	PUNCT
taxlaw-13768	358	30	while	while	SCONJ
taxlaw-13768	358	31	section	section	NOUN
taxlaw-13768	358	32	362	362	NUM
taxlaw-13768	358	33	steps	step	NOUN
taxlaw-13768	358	34	down	down	ADP
taxlaw-13768	358	35	the	the	DET
taxlaw-13768	358	36	basis	basis	NOUN
taxlaw-13768	358	37	of	of	ADP
taxlaw-13768	358	38	any	any	DET
taxlaw-13768	358	39	net	net	ADJ
taxlaw-13768	358	40	loss	loss	NOUN
taxlaw-13768	358	41	assets	asset	NOUN
taxlaw-13768	358	42	of	of	ADP
taxlaw-13768	358	43	the	the	DET
taxlaw-13768	358	44	foreign	foreign	ADJ
taxlaw-13768	358	45	corporation	corporation	NOUN
taxlaw-13768	358	46	,	,	PUNCT
taxlaw-13768	358	47	nothing	nothing	PRON
taxlaw-13768	358	48	steps	step	VERB
taxlaw-13768	358	49	up	up	ADP
taxlaw-13768	358	50	the	the	DET
taxlaw-13768	358	51	basis	basis	NOUN
taxlaw-13768	358	52	of	of	ADP
taxlaw-13768	358	53	assets	asset	NOUN
taxlaw-13768	358	54	with	with	ADP
taxlaw-13768	358	55	net	net	ADJ
taxlaw-13768	358	56	built	build	VERB
taxlaw-13768	358	57	-	-	PUNCT
taxlaw-13768	358	58	in	in	ADP
taxlaw-13768	358	59	gains.70	gains.70	PROPN
taxlaw-13768	358	60	arguably	arguably	ADV
taxlaw-13768	358	61	,	,	PUNCT
taxlaw-13768	358	62	unrealized	unrealized	ADJ
taxlaw-13768	358	63	asset	asset	NOUN
taxlaw-13768	358	64	gains	gain	NOUN
taxlaw-13768	358	65	that	that	PRON
taxlaw-13768	358	66	are	be	AUX
taxlaw-13768	358	67	attributable	attributable	ADJ
taxlaw-13768	358	68	to	to	ADP
taxlaw-13768	358	69	periods	period	NOUN
taxlaw-13768	358	70	before	before	SCONJ
taxlaw-13768	358	71	the	the	DET
taxlaw-13768	358	72	foreign	foreign	ADJ
taxlaw-13768	358	73	corporation	corporation	NOUN
taxlaw-13768	358	74	is	be	AUX
taxlaw-13768	358	75	acquired	acquire	VERB
taxlaw-13768	358	76	should	should	AUX
taxlaw-13768	358	77	also	also	ADV
taxlaw-13768	358	78	be	be	AUX
taxlaw-13768	358	79	seen	see	VERB
taxlaw-13768	358	80	as	as	ADP
taxlaw-13768	358	81	not	not	PART
taxlaw-13768	358	82	ours	ours	PRON
taxlaw-13768	358	83	to	to	PART
taxlaw-13768	358	84	tax	tax	VERB
taxlaw-13768	358	85	.	.	PUNCT
taxlaw-13768	359	1	many	many	ADJ
taxlaw-13768	359	2	foreign	foreign	ADJ
taxlaw-13768	359	3	jurisdictions	jurisdiction	NOUN
taxlaw-13768	359	4	take	take	VERB
taxlaw-13768	359	5	that	that	DET
taxlaw-13768	359	6	view	view	NOUN
taxlaw-13768	359	7	and	and	CCONJ
taxlaw-13768	359	8	provide	provide	VERB
taxlaw-13768	359	9	inbound	inbound	ADJ
taxlaw-13768	359	10	assets	asset	NOUN
taxlaw-13768	359	11	with	with	ADP
taxlaw-13768	359	12	a	a	DET
taxlaw-13768	359	13	fair	fair	ADJ
taxlaw-13768	359	14	market	market	NOUN
taxlaw-13768	359	15	value	value	NOUN
taxlaw-13768	359	16	basis.71	basis.71	NOUN
taxlaw-13768	359	17	moreover	moreover	ADV
taxlaw-13768	359	18	,	,	PUNCT
taxlaw-13768	359	19	our	our	PRON
taxlaw-13768	359	20	rules	rule	NOUN
taxlaw-13768	359	21	can	can	AUX
taxlaw-13768	359	22	result	result	VERB
taxlaw-13768	359	23	in	in	ADP
taxlaw-13768	359	24	double	double	ADJ
taxlaw-13768	359	25	taxation	taxation	NOUN
taxlaw-13768	359	26	because	because	SCONJ
taxlaw-13768	359	27	most	most	ADJ
taxlaw-13768	359	28	jurisdictions	jurisdiction	NOUN
taxlaw-13768	359	29	(	(	PUNCT
taxlaw-13768	359	30	including	include	VERB
taxlaw-13768	359	31	the	the	DET
taxlaw-13768	359	32	united	united	PROPN
taxlaw-13768	359	33	states	states	PROPN
taxlaw-13768	359	34	)	)	PUNCT
taxlaw-13768	359	35	generally	generally	ADV
taxlaw-13768	359	36	trigger	trigger	VERB
taxlaw-13768	359	37	an	an	DET
taxlaw-13768	359	38	exit	exit	NOUN
taxlaw-13768	359	39	tax	tax	NOUN
taxlaw-13768	359	40	on	on	ADP
taxlaw-13768	359	41	appreciated	appreciated	ADJ
taxlaw-13768	359	42	assets	asset	NOUN
taxlaw-13768	359	43	when	when	SCONJ
taxlaw-13768	359	44	a	a	DET
taxlaw-13768	359	45	resident	resident	ADJ
taxlaw-13768	359	46	company	company	NOUN
taxlaw-13768	359	47	liquidates	liquidate	NOUN
taxlaw-13768	359	48	,	,	PUNCT
taxlaw-13768	359	49	merges	merge	NOUN
taxlaw-13768	359	50	,	,	PUNCT
taxlaw-13768	359	51	or	or	CCONJ
taxlaw-13768	359	52	migrates	migrate	VERB
taxlaw-13768	359	53	to	to	ADP
taxlaw-13768	359	54	another	another	DET
taxlaw-13768	359	55	jurisdiction.72	jurisdiction.72	NOUN
taxlaw-13768	359	56	v.	v.	ADP
taxlaw-13768	359	57	impact	impact	NOUN
taxlaw-13768	359	58	of	of	ADP
taxlaw-13768	359	59	2017	2017	NUM
taxlaw-13768	359	60	tcja	tcja	NOUN
taxlaw-13768	359	61	on	on	ADP
taxlaw-13768	359	62	inbound	inbound	ADJ
taxlaw-13768	359	63	asset	asset	NOUN
taxlaw-13768	359	64	reorganization	reorganization	NOUN
taxlaw-13768	359	65	corporate	corporate	ADJ
taxlaw-13768	359	66	level	level	NOUN
taxlaw-13768	359	67	tax	tax	NOUN
taxlaw-13768	359	68	avoidance	avoidance	NOUN
taxlaw-13768	359	69	under	under	ADP
taxlaw-13768	359	70	reg	reg	NOUN
taxlaw-13768	359	71	.	.	PUNCT
taxlaw-13768	360	1	§	§	PROPN
taxlaw-13768	360	2	1.367(b)-3	1.367(b)-3	NUM
taxlaw-13768	360	3	this	this	DET
taxlaw-13768	360	4	review	review	NOUN
taxlaw-13768	360	5	of	of	ADP
taxlaw-13768	360	6	past	past	ADJ
taxlaw-13768	360	7	history	history	NOUN
taxlaw-13768	360	8	spotlights	spotlight	VERB
taxlaw-13768	360	9	an	an	DET
taxlaw-13768	360	10	arguably	arguably	ADV
taxlaw-13768	360	11	fundamental	fundamental	ADJ
taxlaw-13768	360	12	error	error	NOUN
taxlaw-13768	360	13	in	in	ADP
taxlaw-13768	360	14	assuming	assume	VERB
taxlaw-13768	360	15	the	the	DET
taxlaw-13768	360	16	paradigm	paradigm	NOUN
taxlaw-13768	360	17	of	of	ADP
taxlaw-13768	360	18	“	"	PUNCT
taxlaw-13768	360	19	deferral	deferral	ADJ
taxlaw-13768	360	20	”	"	PUNCT
taxlaw-13768	360	21	with	with	ADP
taxlaw-13768	360	22	respect	respect	NOUN
taxlaw-13768	360	23	to	to	ADP
taxlaw-13768	360	24	the	the	DET
taxlaw-13768	360	25	taxation	taxation	NOUN
taxlaw-13768	360	26	of	of	ADP
taxlaw-13768	360	27	shareholders	shareholder	NOUN
taxlaw-13768	360	28	on	on	ADP
taxlaw-13768	360	29	foreign	foreign	ADJ
taxlaw-13768	360	30	corporation	corporation	NOUN
taxlaw-13768	360	31	earnings	earning	NOUN
taxlaw-13768	360	32	but	but	CCONJ
taxlaw-13768	360	33	not	not	PART
taxlaw-13768	360	34	with	with	ADP
taxlaw-13768	360	35	respect	respect	NOUN
taxlaw-13768	360	36	to	to	ADP
taxlaw-13768	360	37	domestic	domestic	ADJ
taxlaw-13768	360	38	corporation	corporation	NOUN
taxlaw-13768	360	39	earnings	earning	NOUN
taxlaw-13768	360	40	.	.	PUNCT
taxlaw-13768	361	1	the	the	DET
taxlaw-13768	361	2	2017	2017	NUM
taxlaw-13768	361	3	tcja	tcja	NOUN
taxlaw-13768	361	4	largely	largely	ADV
taxlaw-13768	361	5	eliminated	eliminate	VERB
taxlaw-13768	361	6	the	the	DET
taxlaw-13768	361	7	deferral	deferral	ADJ
taxlaw-13768	361	8	paradigm	paradigm	NOUN
taxlaw-13768	361	9	with	with	ADP
taxlaw-13768	361	10	the	the	DET
taxlaw-13768	361	11	enactment	enactment	NOUN
taxlaw-13768	361	12	of	of	ADP
taxlaw-13768	361	13	section	section	NOUN
taxlaw-13768	361	14	245a	245a	PROPN
taxlaw-13768	361	15	.	.	PUNCT
taxlaw-13768	362	1	that	that	DET
taxlaw-13768	362	2	provision	provision	NOUN
taxlaw-13768	362	3	,	,	PUNCT
taxlaw-13768	362	4	of	of	ADP
taxlaw-13768	362	5	course	course	NOUN
taxlaw-13768	362	6	,	,	PUNCT
taxlaw-13768	362	7	effectively	effectively	ADV
taxlaw-13768	362	8	exempts	exempt	VERB
taxlaw-13768	362	9	dividends	dividend	NOUN
taxlaw-13768	362	10	received	receive	VERB
taxlaw-13768	362	11	by	by	ADP
taxlaw-13768	362	12	corporate	corporate	ADJ
taxlaw-13768	362	13	u.s	u.s	PROPN
taxlaw-13768	362	14	.	.	PROPN
taxlaw-13768	362	15	shareholders	shareholder	NOUN
taxlaw-13768	362	16	in	in	ADP
taxlaw-13768	362	17	a	a	DET
taxlaw-13768	362	18	foreign	foreign	ADJ
taxlaw-13768	362	19	corporation	corporation	NOUN
taxlaw-13768	362	20	to	to	ADP
taxlaw-13768	362	21	the	the	DET
taxlaw-13768	362	22	extent	extent	NOUN
taxlaw-13768	362	23	of	of	ADP
taxlaw-13768	362	24	the	the	DET
taxlaw-13768	362	25	foreign	foreign	ADJ
taxlaw-13768	362	26	corporation	corporation	NOUN
taxlaw-13768	362	27	’s	’s	PART
taxlaw-13768	362	28	“	"	PUNCT
taxlaw-13768	362	29	undistributed	undistribute	VERB
taxlaw-13768	362	30	foreign	foreign	ADJ
taxlaw-13768	362	31	earnings	earning	NOUN
taxlaw-13768	362	32	”	"	PUNCT
taxlaw-13768	362	33	unless	unless	SCONJ
taxlaw-13768	362	34	the	the	DET
taxlaw-13768	362	35	dividend	dividend	NOUN
taxlaw-13768	362	36	is	be	AUX
taxlaw-13768	362	37	a	a	DET
taxlaw-13768	362	38	“	"	PUNCT
taxlaw-13768	362	39	hybrid	hybrid	ADJ
taxlaw-13768	362	40	dividend	dividend	NOUN
taxlaw-13768	362	41	”	"	PUNCT
taxlaw-13768	362	42	or	or	CCONJ
taxlaw-13768	362	43	unless	unless	SCONJ
taxlaw-13768	362	44	the	the	DET
taxlaw-13768	362	45	shareholder	shareholder	NOUN
taxlaw-13768	362	46	holds	hold	VERB
taxlaw-13768	362	47	its	its	PRON
taxlaw-13768	362	48	foreign	foreign	ADJ
taxlaw-13768	362	49	corporation	corporation	NOUN
taxlaw-13768	362	50	stock	stock	NOUN
taxlaw-13768	362	51	for	for	ADP
taxlaw-13768	362	52	less	less	ADJ
taxlaw-13768	362	53	than	than	ADP
taxlaw-13768	362	54	one	one	NUM
taxlaw-13768	362	55	year	year	NOUN
taxlaw-13768	362	56	.	.	PUNCT
taxlaw-13768	363	1	assuming	assume	VERB
taxlaw-13768	363	2	no	no	DET
taxlaw-13768	363	3	“	"	PUNCT
taxlaw-13768	363	4	hybrid	hybrid	ADJ
taxlaw-13768	363	5	dividend	dividend	NOUN
taxlaw-13768	363	6	”	"	PUNCT
taxlaw-13768	363	7	and	and	CCONJ
taxlaw-13768	363	8	a	a	DET
taxlaw-13768	363	9	one	one	NUM
taxlaw-13768	363	10	-	-	PUNCT
taxlaw-13768	363	11	year	year	NOUN
taxlaw-13768	363	12	holding	holding	NOUN
taxlaw-13768	363	13	period	period	NOUN
taxlaw-13768	363	14	,	,	PUNCT
taxlaw-13768	363	15	any	any	DET
taxlaw-13768	363	16	69	69	NUM
taxlaw-13768	363	17	the	the	DET
taxlaw-13768	363	18	focus	focus	NOUN
taxlaw-13768	363	19	of	of	ADP
taxlaw-13768	363	20	section	section	NOUN
taxlaw-13768	363	21	367(b	367(b	PROPN
taxlaw-13768	363	22	)	)	PUNCT
taxlaw-13768	363	23	with	with	ADP
taxlaw-13768	363	24	respect	respect	NOUN
taxlaw-13768	363	25	to	to	ADP
taxlaw-13768	363	26	shareholder	shareholder	NOUN
taxlaw-13768	363	27	level	level	NOUN
taxlaw-13768	363	28	avoidance	avoidance	NOUN
taxlaw-13768	363	29	in	in	ADP
taxlaw-13768	363	30	inbound	inbound	ADJ
taxlaw-13768	363	31	asset	asset	NOUN
taxlaw-13768	363	32	reorganizations	reorganization	NOUN
taxlaw-13768	363	33	will	will	AUX
taxlaw-13768	363	34	be	be	AUX
taxlaw-13768	363	35	discussed	discuss	VERB
taxlaw-13768	363	36	later	later	ADV
taxlaw-13768	363	37	.	.	PUNCT
taxlaw-13768	364	1	see	see	VERB
taxlaw-13768	364	2	infra	infra	NOUN
taxlaw-13768	364	3	part	part	NOUN
taxlaw-13768	364	4	vi	vi	NOUN
taxlaw-13768	364	5	.	.	PROPN
taxlaw-13768	364	6	70	70	NUM
taxlaw-13768	364	7	note	note	NOUN
taxlaw-13768	364	8	,	,	PUNCT
taxlaw-13768	364	9	however	however	ADV
taxlaw-13768	364	10	,	,	PUNCT
taxlaw-13768	364	11	that	that	SCONJ
taxlaw-13768	364	12	where	where	SCONJ
taxlaw-13768	364	13	section	section	NOUN
taxlaw-13768	364	14	362(e)(1	362(e)(1	NUM
taxlaw-13768	364	15	)	)	PUNCT
taxlaw-13768	364	16	applies	apply	VERB
taxlaw-13768	364	17	and	and	CCONJ
taxlaw-13768	364	18	inbounded	inbounde	VERB
taxlaw-13768	364	19	property	property	NOUN
taxlaw-13768	364	20	has	have	VERB
taxlaw-13768	364	21	an	an	DET
taxlaw-13768	364	22	aggregate	aggregate	ADJ
taxlaw-13768	364	23	built	build	VERB
taxlaw-13768	364	24	-	-	PUNCT
taxlaw-13768	364	25	in	in	ADP
taxlaw-13768	364	26	-	-	PUNCT
taxlaw-13768	364	27	loss	loss	NOUN
taxlaw-13768	364	28	,	,	PUNCT
taxlaw-13768	364	29	the	the	DET
taxlaw-13768	364	30	inbounding	inbounde	VERB
taxlaw-13768	364	31	corporation	corporation	NOUN
taxlaw-13768	364	32	steps	step	VERB
taxlaw-13768	364	33	down	down	ADP
taxlaw-13768	364	34	the	the	DET
taxlaw-13768	364	35	basis	basis	NOUN
taxlaw-13768	364	36	of	of	ADP
taxlaw-13768	364	37	the	the	DET
taxlaw-13768	364	38	built	build	VERB
taxlaw-13768	364	39	-	-	PUNCT
taxlaw-13768	364	40	in	in	ADP
taxlaw-13768	364	41	-	-	PUNCT
taxlaw-13768	364	42	loss	loss	NOUN
taxlaw-13768	364	43	assets	asset	NOUN
taxlaw-13768	364	44	and	and	CCONJ
taxlaw-13768	364	45	steps	step	NOUN
taxlaw-13768	364	46	up	up	ADP
taxlaw-13768	364	47	the	the	DET
taxlaw-13768	364	48	basis	basis	NOUN
taxlaw-13768	364	49	of	of	ADP
taxlaw-13768	364	50	its	its	PRON
taxlaw-13768	364	51	built	build	VERB
taxlaw-13768	364	52	-	-	PUNCT
taxlaw-13768	364	53	in	in	ADP
taxlaw-13768	364	54	-	-	PUNCT
taxlaw-13768	364	55	gain	gain	NOUN
taxlaw-13768	364	56	assets	asset	NOUN
taxlaw-13768	364	57	.	.	PUNCT
taxlaw-13768	365	1	see	see	VERB
taxlaw-13768	365	2	i.r.c	i.r.c	NOUN
taxlaw-13768	365	3	.	.	PUNCT
taxlaw-13768	366	1	§	§	PROPN
taxlaw-13768	366	2	362(e)(1	362(e)(1	NUM
taxlaw-13768	366	3	)	)	PUNCT
taxlaw-13768	366	4	.	.	PUNCT
taxlaw-13768	367	1	71	71	NUM
taxlaw-13768	367	2	the	the	DET
taxlaw-13768	367	3	u.s	u.s	PROPN
taxlaw-13768	367	4	.	.	PROPN
taxlaw-13768	367	5	does	do	AUX
taxlaw-13768	367	6	allow	allow	VERB
taxlaw-13768	367	7	foreign	foreign	ADJ
taxlaw-13768	367	8	individuals	individual	NOUN
taxlaw-13768	367	9	coming	come	VERB
taxlaw-13768	367	10	into	into	ADP
taxlaw-13768	367	11	the	the	DET
taxlaw-13768	367	12	u.s	u.s	PROPN
taxlaw-13768	367	13	.	.	PROPN
taxlaw-13768	367	14	tax	tax	NOUN
taxlaw-13768	367	15	net	net	NOUN
taxlaw-13768	367	16	to	to	PART
taxlaw-13768	367	17	engage	engage	VERB
taxlaw-13768	367	18	in	in	ADP
taxlaw-13768	367	19	self	self	NOUN
taxlaw-13768	367	20	-	-	PUNCT
taxlaw-13768	367	21	help	help	NOUN
taxlaw-13768	367	22	transactions	transaction	NOUN
taxlaw-13768	367	23	that	that	PRON
taxlaw-13768	367	24	step	step	VERB
taxlaw-13768	367	25	up	up	ADP
taxlaw-13768	367	26	asset	asset	NOUN
taxlaw-13768	367	27	basis	basis	NOUN
taxlaw-13768	367	28	prior	prior	ADV
taxlaw-13768	367	29	to	to	ADP
taxlaw-13768	367	30	domestication	domestication	NOUN
taxlaw-13768	367	31	through	through	ADP
taxlaw-13768	367	32	a	a	DET
taxlaw-13768	367	33	check	check	VERB
taxlaw-13768	367	34	-	-	PUNCT
taxlaw-13768	367	35	the	the	DET
taxlaw-13768	367	36	-	-	PUNCT
taxlaw-13768	367	37	box	box	NOUN
taxlaw-13768	367	38	election	election	NOUN
taxlaw-13768	367	39	.	.	PUNCT
taxlaw-13768	368	1	for	for	ADP
taxlaw-13768	368	2	instance	instance	NOUN
taxlaw-13768	368	3	,	,	PUNCT
taxlaw-13768	368	4	pursuant	pursuant	ADJ
taxlaw-13768	368	5	to	to	ADP
taxlaw-13768	368	6	treas	treas	PROPN
taxlaw-13768	368	7	.	.	PUNCT
taxlaw-13768	369	1	reg	reg	PROPN
taxlaw-13768	369	2	.	.	PUNCT
taxlaw-13768	370	1	§	§	PROPN
taxlaw-13768	370	2	301.7701	301.7701	NUM
taxlaw-13768	370	3	-	-	SYM
taxlaw-13768	370	4	3(g)(1)(iv	3(g)(1)(iv	NUM
taxlaw-13768	370	5	)	)	PUNCT
taxlaw-13768	370	6	,	,	PUNCT
taxlaw-13768	370	7	such	such	ADJ
taxlaw-13768	370	8	foreign	foreign	ADJ
taxlaw-13768	370	9	individual	individual	NOUN
taxlaw-13768	370	10	would	would	AUX
taxlaw-13768	370	11	be	be	AUX
taxlaw-13768	370	12	treated	treat	VERB
taxlaw-13768	370	13	as	as	ADP
taxlaw-13768	370	14	contributing	contribute	VERB
taxlaw-13768	370	15	all	all	PRON
taxlaw-13768	370	16	of	of	ADP
taxlaw-13768	370	17	the	the	DET
taxlaw-13768	370	18	assets	asset	NOUN
taxlaw-13768	370	19	and	and	CCONJ
taxlaw-13768	370	20	liabilities	liability	NOUN
taxlaw-13768	370	21	of	of	ADP
taxlaw-13768	370	22	a	a	DET
taxlaw-13768	370	23	disregarded	disregarded	ADJ
taxlaw-13768	370	24	entity	entity	NOUN
taxlaw-13768	370	25	to	to	ADP
taxlaw-13768	370	26	a	a	DET
taxlaw-13768	370	27	corporation	corporation	NOUN
taxlaw-13768	370	28	in	in	ADP
taxlaw-13768	370	29	exchange	exchange	NOUN
taxlaw-13768	370	30	for	for	ADP
taxlaw-13768	370	31	stock	stock	NOUN
taxlaw-13768	370	32	of	of	ADP
taxlaw-13768	370	33	the	the	DET
taxlaw-13768	370	34	corporation	corporation	NOUN
taxlaw-13768	370	35	.	.	PUNCT
taxlaw-13768	371	1	if	if	SCONJ
taxlaw-13768	371	2	the	the	DET
taxlaw-13768	371	3	election	election	NOUN
taxlaw-13768	371	4	is	be	AUX
taxlaw-13768	371	5	effective	effective	ADJ
taxlaw-13768	371	6	on	on	ADP
taxlaw-13768	371	7	the	the	DET
taxlaw-13768	371	8	day	day	NOUN
taxlaw-13768	371	9	of	of	ADP
taxlaw-13768	371	10	the	the	DET
taxlaw-13768	371	11	domestication	domestication	NOUN
taxlaw-13768	371	12	,	,	PUNCT
taxlaw-13768	371	13	under	under	ADP
taxlaw-13768	371	14	reg	reg	NOUN
taxlaw-13768	371	15	.	.	PUNCT
taxlaw-13768	372	1	§	§	PROPN
taxlaw-13768	372	2	301.7701	301.7701	NUM
taxlaw-13768	372	3	-	-	SYM
taxlaw-13768	372	4	3(g)(3	3(g)(3	NUM
taxlaw-13768	372	5	)	)	PUNCT
taxlaw-13768	372	6	,	,	PUNCT
taxlaw-13768	372	7	the	the	DET
taxlaw-13768	372	8	deemed	deem	VERB
taxlaw-13768	372	9	contribution	contribution	NOUN
taxlaw-13768	372	10	would	would	AUX
taxlaw-13768	372	11	be	be	AUX
taxlaw-13768	372	12	treated	treat	VERB
taxlaw-13768	372	13	as	as	ADP
taxlaw-13768	372	14	occurring	occur	VERB
taxlaw-13768	372	15	immediately	immediately	ADV
taxlaw-13768	372	16	before	before	ADP
taxlaw-13768	372	17	the	the	DET
taxlaw-13768	372	18	close	close	NOUN
taxlaw-13768	372	19	of	of	ADP
taxlaw-13768	372	20	the	the	DET
taxlaw-13768	372	21	day	day	NOUN
taxlaw-13768	372	22	before	before	SCONJ
taxlaw-13768	372	23	the	the	DET
taxlaw-13768	372	24	individual	individual	NOUN
taxlaw-13768	372	25	comes	come	VERB
taxlaw-13768	372	26	into	into	ADP
taxlaw-13768	372	27	the	the	DET
taxlaw-13768	372	28	u.s	u.s	PROPN
taxlaw-13768	372	29	.	.	PROPN
taxlaw-13768	372	30	tax	tax	PROPN
taxlaw-13768	372	31	net	net	NOUN
taxlaw-13768	372	32	,	,	PUNCT
taxlaw-13768	372	33	and	and	CCONJ
taxlaw-13768	372	34	so	so	ADV
taxlaw-13768	372	35	,	,	PUNCT
taxlaw-13768	372	36	the	the	DET
taxlaw-13768	372	37	individual	individual	NOUN
taxlaw-13768	372	38	would	would	AUX
taxlaw-13768	372	39	have	have	VERB
taxlaw-13768	372	40	a	a	DET
taxlaw-13768	372	41	fair	fair	ADJ
taxlaw-13768	372	42	market	market	NOUN
taxlaw-13768	372	43	value	value	NOUN
taxlaw-13768	372	44	basis	basis	NOUN
taxlaw-13768	372	45	in	in	ADP
taxlaw-13768	372	46	such	such	ADJ
taxlaw-13768	372	47	inbounded	inbounde	VERB
taxlaw-13768	372	48	assets	asset	NOUN
taxlaw-13768	372	49	.	.	PUNCT
taxlaw-13768	373	1	see	see	VERB
taxlaw-13768	373	2	i.r.s	i.r.s	PROPN
taxlaw-13768	373	3	.	.	PUNCT
taxlaw-13768	374	1	chief	chief	ADJ
taxlaw-13768	374	2	counsel	counsel	NOUN
taxlaw-13768	374	3	memorandum	memorandum	NOUN
taxlaw-13768	374	4	,	,	PUNCT
taxlaw-13768	374	5	am	be	AUX
taxlaw-13768	374	6	2021	2021	NUM
taxlaw-13768	374	7	-	-	SYM
taxlaw-13768	374	8	002	002	NUM
taxlaw-13768	374	9	(	(	PUNCT
taxlaw-13768	374	10	april	april	PROPN
taxlaw-13768	374	11	2	2	NUM
taxlaw-13768	374	12	,	,	PUNCT
taxlaw-13768	374	13	2021	2021	NUM
taxlaw-13768	374	14	)	)	PUNCT
taxlaw-13768	374	15	.	.	PUNCT
taxlaw-13768	375	1	72	72	NUM
taxlaw-13768	375	2	as	as	ADP
taxlaw-13768	375	3	a	a	DET
taxlaw-13768	375	4	practical	practical	ADJ
taxlaw-13768	375	5	matter	matter	NOUN
taxlaw-13768	375	6	,	,	PUNCT
taxlaw-13768	375	7	the	the	DET
taxlaw-13768	375	8	prevalence	prevalence	NOUN
taxlaw-13768	375	9	of	of	ADP
taxlaw-13768	375	10	these	these	DET
taxlaw-13768	375	11	foreign	foreign	ADJ
taxlaw-13768	375	12	exit	exit	NOUN
taxlaw-13768	375	13	taxes	taxis	NOUN
taxlaw-13768	375	14	means	mean	VERB
taxlaw-13768	375	15	that	that	SCONJ
taxlaw-13768	375	16	foreign	foreign	ADJ
taxlaw-13768	375	17	companies	company	NOUN
taxlaw-13768	375	18	consider	consider	VERB
taxlaw-13768	375	19	an	an	DET
taxlaw-13768	375	20	inbound	inbound	ADJ
taxlaw-13768	375	21	asset	asset	NOUN
taxlaw-13768	375	22	reorganization	reorganization	NOUN
taxlaw-13768	375	23	only	only	ADV
taxlaw-13768	375	24	if	if	SCONJ
taxlaw-13768	375	25	they	they	PRON
taxlaw-13768	375	26	are	be	AUX
taxlaw-13768	375	27	(	(	PUNCT
taxlaw-13768	375	28	or	or	CCONJ
taxlaw-13768	375	29	can	can	AUX
taxlaw-13768	375	30	be	be	AUX
taxlaw-13768	375	31	restructured	restructure	VERB
taxlaw-13768	375	32	to	to	PART
taxlaw-13768	375	33	be	be	AUX
taxlaw-13768	375	34	)	)	PUNCT
taxlaw-13768	375	35	holding	hold	VERB
taxlaw-13768	375	36	companies	company	NOUN
taxlaw-13768	375	37	resident	resident	ADJ
taxlaw-13768	375	38	in	in	ADP
taxlaw-13768	375	39	jurisdictions	jurisdiction	NOUN
taxlaw-13768	375	40	that	that	PRON
taxlaw-13768	375	41	exempt	exempt	VERB
taxlaw-13768	375	42	gain	gain	NOUN
taxlaw-13768	375	43	on	on	ADP
taxlaw-13768	375	44	the	the	DET
taxlaw-13768	375	45	sale	sale	NOUN
taxlaw-13768	375	46	of	of	ADP
taxlaw-13768	375	47	subsidiary	subsidiary	ADJ
taxlaw-13768	375	48	stock	stock	NOUN
taxlaw-13768	375	49	.	.	PUNCT
taxlaw-13768	376	1	2025	2025	NUM
taxlaw-13768	376	2	]	]	PUNCT
taxlaw-13768	376	3	reflections	reflection	NOUN
taxlaw-13768	376	4	on	on	ADP
taxlaw-13768	376	5	367(b	367(b	PROPN
taxlaw-13768	376	6	)	)	PUNCT
taxlaw-13768	376	7	regulations	regulation	NOUN
taxlaw-13768	376	8	and	and	CCONJ
taxlaw-13768	376	9	inbound	inbound	ADJ
taxlaw-13768	376	10	transactions	transaction	NOUN
taxlaw-13768	376	11	179	179	NUM
taxlaw-13768	376	12	distribution	distribution	NOUN
taxlaw-13768	376	13	of	of	ADP
taxlaw-13768	376	14	a	a	DET
taxlaw-13768	376	15	foreign	foreign	ADJ
taxlaw-13768	376	16	corporation	corporation	NOUN
taxlaw-13768	376	17	out	out	ADP
taxlaw-13768	376	18	of	of	ADP
taxlaw-13768	376	19	its	its	PRON
taxlaw-13768	376	20	earnings	earning	NOUN
taxlaw-13768	376	21	and	and	CCONJ
taxlaw-13768	376	22	profits	profit	NOUN
taxlaw-13768	376	23	is	be	AUX
taxlaw-13768	376	24	not	not	PART
taxlaw-13768	376	25	taxed	tax	VERB
taxlaw-13768	376	26	to	to	ADP
taxlaw-13768	376	27	a	a	DET
taxlaw-13768	376	28	corporate	corporate	ADJ
taxlaw-13768	376	29	u.s	u.s	PROPN
taxlaw-13768	376	30	.	.	PROPN
taxlaw-13768	376	31	shareholder	shareholder	NOUN
taxlaw-13768	376	32	as	as	ADV
taxlaw-13768	376	33	long	long	ADV
taxlaw-13768	376	34	as	as	SCONJ
taxlaw-13768	376	35	the	the	DET
taxlaw-13768	376	36	e&p	e&p	PROPN
taxlaw-13768	376	37	did	do	AUX
taxlaw-13768	376	38	not	not	PART
taxlaw-13768	376	39	originate	originate	VERB
taxlaw-13768	376	40	from	from	ADP
taxlaw-13768	376	41	u.s	u.s	PROPN
taxlaw-13768	376	42	.	.	PROPN
taxlaw-13768	376	43	effectively	effectively	ADV
taxlaw-13768	376	44	connected	connect	VERB
taxlaw-13768	376	45	income	income	NOUN
taxlaw-13768	376	46	or	or	CCONJ
taxlaw-13768	376	47	from	from	ADP
taxlaw-13768	376	48	a	a	DET
taxlaw-13768	376	49	dividend	dividend	NOUN
taxlaw-13768	376	50	paid	pay	VERB
taxlaw-13768	376	51	by	by	ADP
taxlaw-13768	376	52	an	an	DET
taxlaw-13768	376	53	80%-owned	80%-owned	PROPN
taxlaw-13768	376	54	u.s	u.s	PROPN
taxlaw-13768	376	55	.	.	PROPN
taxlaw-13768	376	56	corporation	corporation	NOUN
taxlaw-13768	376	57	(	(	PUNCT
taxlaw-13768	376	58	“	"	PUNCT
taxlaw-13768	376	59	u.s.-sourced	u.s.-sourced	ADJ
taxlaw-13768	376	60	undistributed	undistributed	ADJ
taxlaw-13768	376	61	earnings	earning	NOUN
taxlaw-13768	376	62	”	"	PUNCT
taxlaw-13768	376	63	)	)	PUNCT
taxlaw-13768	376	64	.	.	PUNCT
taxlaw-13768	377	1	this	this	DET
taxlaw-13768	377	2	fundamental	fundamental	ADJ
taxlaw-13768	377	3	shift	shift	NOUN
taxlaw-13768	377	4	in	in	ADP
taxlaw-13768	377	5	tax	tax	NOUN
taxlaw-13768	377	6	policy	policy	NOUN
taxlaw-13768	377	7	requires	require	VERB
taxlaw-13768	377	8	us	we	PRON
taxlaw-13768	377	9	to	to	PART
taxlaw-13768	377	10	rethink	rethink	VERB
taxlaw-13768	377	11	our	our	PRON
taxlaw-13768	377	12	notions	notion	NOUN
taxlaw-13768	377	13	of	of	ADP
taxlaw-13768	377	14	both	both	CCONJ
taxlaw-13768	377	15	corporate	corporate	ADJ
taxlaw-13768	377	16	level	level	NOUN
taxlaw-13768	377	17	avoidance	avoidance	NOUN
taxlaw-13768	377	18	and	and	CCONJ
taxlaw-13768	377	19	shareholder	shareholder	NOUN
taxlaw-13768	377	20	level	level	NOUN
taxlaw-13768	377	21	avoidance	avoidance	NOUN
taxlaw-13768	377	22	;	;	PUNCT
taxlaw-13768	377	23	it	it	PRON
taxlaw-13768	377	24	provides	provide	VERB
taxlaw-13768	377	25	an	an	DET
taxlaw-13768	377	26	opportunity	opportunity	NOUN
taxlaw-13768	377	27	to	to	PART
taxlaw-13768	377	28	correct	correct	VERB
taxlaw-13768	377	29	the	the	DET
taxlaw-13768	377	30	arguable	arguable	ADJ
taxlaw-13768	377	31	mistakes	mistake	NOUN
taxlaw-13768	377	32	of	of	ADP
taxlaw-13768	377	33	the	the	DET
taxlaw-13768	377	34	past	past	NOUN
taxlaw-13768	377	35	.	.	PUNCT
taxlaw-13768	378	1	we	we	PRON
taxlaw-13768	378	2	do	do	AUX
taxlaw-13768	378	3	not	not	PART
taxlaw-13768	378	4	think	think	VERB
taxlaw-13768	378	5	that	that	SCONJ
taxlaw-13768	378	6	even	even	ADV
taxlaw-13768	378	7	kingson	kingson	PROPN
taxlaw-13768	378	8	would	would	AUX
taxlaw-13768	378	9	have	have	AUX
taxlaw-13768	378	10	argued	argue	VERB
taxlaw-13768	378	11	that	that	SCONJ
taxlaw-13768	378	12	an	an	DET
taxlaw-13768	378	13	inbound	inbound	ADJ
taxlaw-13768	378	14	asset	asset	NOUN
taxlaw-13768	378	15	reorganization	reorganization	NOUN
taxlaw-13768	378	16	should	should	AUX
taxlaw-13768	378	17	trigger	trigger	VERB
taxlaw-13768	378	18	u.s	u.s	PROPN
taxlaw-13768	378	19	.	.	PROPN
taxlaw-13768	378	20	tax	tax	NOUN
taxlaw-13768	378	21	on	on	ADP
taxlaw-13768	378	22	the	the	DET
taxlaw-13768	378	23	undistributed	undistributed	ADJ
taxlaw-13768	378	24	foreign	foreign	ADJ
taxlaw-13768	378	25	-	-	PUNCT
taxlaw-13768	378	26	source	source	NOUN
taxlaw-13768	378	27	earnings	earning	NOUN
taxlaw-13768	378	28	of	of	ADP
taxlaw-13768	378	29	a	a	DET
taxlaw-13768	378	30	foreign	foreign	ADJ
taxlaw-13768	378	31	corporation	corporation	NOUN
taxlaw-13768	378	32	after	after	SCONJ
taxlaw-13768	378	33	the	the	DET
taxlaw-13768	378	34	enactment	enactment	NOUN
taxlaw-13768	378	35	of	of	ADP
taxlaw-13768	378	36	section	section	NOUN
taxlaw-13768	378	37	245a	245a	PROPN
taxlaw-13768	378	38	notwithstanding	notwithstanding	ADP
taxlaw-13768	378	39	his	his	PRON
taxlaw-13768	378	40	avoidance	avoidance	NOUN
taxlaw-13768	378	41	principle	principle	NOUN
taxlaw-13768	378	42	(	(	PUNCT
taxlaw-13768	378	43	i.e.	i.e.	X
taxlaw-13768	378	44	,	,	PUNCT
taxlaw-13768	378	45	avoidance	avoidance	NOUN
taxlaw-13768	378	46	is	be	AUX
taxlaw-13768	378	47	doing	do	VERB
taxlaw-13768	378	48	indirectly	indirectly	ADV
taxlaw-13768	378	49	what	what	PRON
taxlaw-13768	378	50	could	could	AUX
taxlaw-13768	378	51	not	not	PART
taxlaw-13768	378	52	be	be	AUX
taxlaw-13768	378	53	done	do	VERB
taxlaw-13768	378	54	directly).73	directly).73	PROPN
taxlaw-13768	378	55	thus	thus	ADV
taxlaw-13768	378	56	,	,	PUNCT
taxlaw-13768	378	57	even	even	ADV
taxlaw-13768	378	58	if	if	SCONJ
taxlaw-13768	378	59	the	the	DET
taxlaw-13768	378	60	arguments	argument	NOUN
taxlaw-13768	378	61	above	above	ADP
taxlaw-13768	378	62	about	about	ADP
taxlaw-13768	378	63	the	the	DET
taxlaw-13768	378	64	mistakes	mistake	NOUN
taxlaw-13768	378	65	of	of	ADP
taxlaw-13768	378	66	our	our	PRON
taxlaw-13768	378	67	prior	prior	ADJ
taxlaw-13768	378	68	deferral	deferral	ADJ
taxlaw-13768	378	69	policy	policy	NOUN
taxlaw-13768	378	70	are	be	AUX
taxlaw-13768	378	71	not	not	PART
taxlaw-13768	378	72	accepted	accept	VERB
taxlaw-13768	378	73	,	,	PUNCT
taxlaw-13768	378	74	it	it	PRON
taxlaw-13768	378	75	is	be	AUX
taxlaw-13768	378	76	clear	clear	ADJ
taxlaw-13768	378	77	there	there	PRON
taxlaw-13768	378	78	can	can	AUX
taxlaw-13768	378	79	be	be	AUX
taxlaw-13768	378	80	no	no	DET
taxlaw-13768	378	81	corporate	corporate	ADJ
taxlaw-13768	378	82	level	level	NOUN
taxlaw-13768	378	83	avoidance	avoidance	NOUN
taxlaw-13768	378	84	in	in	ADP
taxlaw-13768	378	85	an	an	DET
taxlaw-13768	378	86	inbound	inbound	ADJ
taxlaw-13768	378	87	asset	asset	NOUN
taxlaw-13768	378	88	reorganization	reorganization	NOUN
taxlaw-13768	378	89	where	where	SCONJ
taxlaw-13768	378	90	all	all	PRON
taxlaw-13768	378	91	of	of	ADP
taxlaw-13768	378	92	the	the	DET
taxlaw-13768	378	93	earnings	earning	NOUN
taxlaw-13768	378	94	of	of	ADP
taxlaw-13768	378	95	the	the	DET
taxlaw-13768	378	96	foreign	foreign	ADJ
taxlaw-13768	378	97	corporation	corporation	NOUN
taxlaw-13768	378	98	are	be	AUX
taxlaw-13768	378	99	undistributed	undistribute	VERB
taxlaw-13768	378	100	foreign	foreign	ADJ
taxlaw-13768	378	101	earnings	earning	NOUN
taxlaw-13768	378	102	under	under	ADP
taxlaw-13768	378	103	section	section	NOUN
taxlaw-13768	378	104	245a	245a	PROPN
taxlaw-13768	378	105	,	,	PUNCT
taxlaw-13768	378	106	no	no	DET
taxlaw-13768	378	107	hybrid	hybrid	ADJ
taxlaw-13768	378	108	dividend	dividend	NOUN
taxlaw-13768	378	109	issue	issue	NOUN
taxlaw-13768	378	110	exists	exist	VERB
taxlaw-13768	378	111	and	and	CCONJ
taxlaw-13768	378	112	the	the	DET
taxlaw-13768	378	113	one	one	NUM
taxlaw-13768	378	114	-	-	PUNCT
taxlaw-13768	378	115	year	year	NOUN
taxlaw-13768	378	116	holding	holding	NOUN
taxlaw-13768	378	117	period	period	NOUN
taxlaw-13768	378	118	is	be	AUX
taxlaw-13768	378	119	met	meet	VERB
taxlaw-13768	378	120	.	.	PUNCT
taxlaw-13768	379	1	in	in	ADP
taxlaw-13768	379	2	that	that	DET
taxlaw-13768	379	3	circumstance	circumstance	NOUN
taxlaw-13768	379	4	the	the	DET
taxlaw-13768	379	5	concern	concern	NOUN
taxlaw-13768	379	6	of	of	ADP
taxlaw-13768	379	7	the	the	DET
taxlaw-13768	379	8	section	section	NOUN
taxlaw-13768	379	9	367(b	367(b	PROPN
taxlaw-13768	379	10	)	)	PUNCT
taxlaw-13768	379	11	regulations	regulation	NOUN
taxlaw-13768	379	12	should	should	AUX
taxlaw-13768	379	13	be	be	AUX
taxlaw-13768	379	14	entirely	entirely	ADV
taxlaw-13768	379	15	focused	focus	VERB
taxlaw-13768	379	16	on	on	ADP
taxlaw-13768	379	17	shareholder	shareholder	NOUN
taxlaw-13768	379	18	level	level	NOUN
taxlaw-13768	379	19	avoidance	avoidance	NOUN
taxlaw-13768	379	20	.	.	PUNCT
taxlaw-13768	380	1	that	that	PRON
taxlaw-13768	380	2	leaves	leave	VERB
taxlaw-13768	380	3	questions	question	NOUN
taxlaw-13768	380	4	about	about	ADP
taxlaw-13768	380	5	whether	whether	SCONJ
taxlaw-13768	380	6	and	and	CCONJ
taxlaw-13768	380	7	how	how	SCONJ
taxlaw-13768	380	8	the	the	DET
taxlaw-13768	380	9	exclusions	exclusion	NOUN
taxlaw-13768	380	10	from	from	ADP
taxlaw-13768	380	11	section	section	NOUN
taxlaw-13768	380	12	245a	245a	PROPN
taxlaw-13768	380	13	should	should	AUX
taxlaw-13768	380	14	affect	affect	VERB
taxlaw-13768	380	15	the	the	DET
taxlaw-13768	380	16	treatment	treatment	NOUN
taxlaw-13768	380	17	of	of	ADP
taxlaw-13768	380	18	inbound	inbound	ADJ
taxlaw-13768	380	19	asset	asset	NOUN
taxlaw-13768	380	20	reorganizations	reorganization	NOUN
taxlaw-13768	380	21	.	.	PUNCT
taxlaw-13768	381	1	first	first	ADV
taxlaw-13768	381	2	,	,	PUNCT
taxlaw-13768	381	3	should	should	AUX
taxlaw-13768	381	4	corporate	corporate	ADJ
taxlaw-13768	381	5	level	level	NOUN
taxlaw-13768	381	6	avoidance	avoidance	NOUN
taxlaw-13768	381	7	be	be	AUX
taxlaw-13768	381	8	an	an	DET
taxlaw-13768	381	9	issue	issue	NOUN
taxlaw-13768	381	10	if	if	SCONJ
taxlaw-13768	381	11	the	the	DET
taxlaw-13768	381	12	foreign	foreign	ADJ
taxlaw-13768	381	13	corporation	corporation	NOUN
taxlaw-13768	381	14	does	do	AUX
taxlaw-13768	381	15	have	have	VERB
taxlaw-13768	381	16	u.s.source	u.s.source	ADJ
taxlaw-13768	381	17	undistributed	undistributed	ADJ
taxlaw-13768	381	18	earnings	earning	NOUN
taxlaw-13768	381	19	?	?	PUNCT
taxlaw-13768	382	1	we	we	PRON
taxlaw-13768	382	2	would	would	AUX
taxlaw-13768	382	3	argue	argue	VERB
taxlaw-13768	382	4	it	it	PRON
taxlaw-13768	382	5	should	should	AUX
taxlaw-13768	382	6	not	not	PART
taxlaw-13768	382	7	to	to	ADP
taxlaw-13768	382	8	the	the	DET
taxlaw-13768	382	9	extent	extent	NOUN
taxlaw-13768	382	10	the	the	DET
taxlaw-13768	382	11	foreign	foreign	ADJ
taxlaw-13768	382	12	corporation	corporation	NOUN
taxlaw-13768	382	13	is	be	AUX
taxlaw-13768	382	14	not	not	PART
taxlaw-13768	382	15	a	a	DET
taxlaw-13768	382	16	cfc	cfc	NOUN
taxlaw-13768	382	17	.	.	PUNCT
taxlaw-13768	383	1	these	these	DET
taxlaw-13768	383	2	undistributed	undistributed	ADJ
taxlaw-13768	383	3	earnings	earning	NOUN
taxlaw-13768	383	4	by	by	ADP
taxlaw-13768	383	5	definition	definition	NOUN
taxlaw-13768	383	6	have	have	AUX
taxlaw-13768	383	7	already	already	ADV
taxlaw-13768	383	8	been	be	AUX
taxlaw-13768	383	9	subject	subject	ADJ
taxlaw-13768	383	10	to	to	ADP
taxlaw-13768	383	11	u.s	u.s	PROPN
taxlaw-13768	383	12	.	.	PROPN
taxlaw-13768	383	13	tax	tax	NOUN
taxlaw-13768	383	14	.	.	PUNCT
taxlaw-13768	384	1	in	in	ADP
taxlaw-13768	384	2	most	most	ADJ
taxlaw-13768	384	3	cases	case	NOUN
taxlaw-13768	384	4	they	they	PRON
taxlaw-13768	384	5	will	will	AUX
taxlaw-13768	384	6	be	be	AUX
taxlaw-13768	384	7	dividends	dividend	NOUN
taxlaw-13768	384	8	from	from	ADP
taxlaw-13768	384	9	u.s	u.s	PROPN
taxlaw-13768	384	10	.	.	PROPN
taxlaw-13768	384	11	subsidiaries	subsidiary	NOUN
taxlaw-13768	384	12	of	of	ADP
taxlaw-13768	384	13	the	the	DET
taxlaw-13768	384	14	foreign	foreign	ADJ
taxlaw-13768	384	15	corporation	corporation	NOUN
taxlaw-13768	384	16	,	,	PUNCT
taxlaw-13768	384	17	which	which	PRON
taxlaw-13768	384	18	in	in	ADP
taxlaw-13768	384	19	addition	addition	NOUN
taxlaw-13768	384	20	to	to	ADP
taxlaw-13768	384	21	being	be	AUX
taxlaw-13768	384	22	subject	subject	ADJ
taxlaw-13768	384	23	to	to	ADP
taxlaw-13768	384	24	u.s	u.s	PROPN
taxlaw-13768	384	25	.	.	PROPN
taxlaw-13768	384	26	corporate	corporate	ADJ
taxlaw-13768	384	27	tax	tax	NOUN
taxlaw-13768	384	28	could	could	AUX
taxlaw-13768	384	29	well	well	ADV
taxlaw-13768	384	30	have	have	AUX
taxlaw-13768	384	31	been	be	AUX
taxlaw-13768	384	32	subject	subject	ADJ
taxlaw-13768	384	33	to	to	ADP
taxlaw-13768	384	34	a	a	DET
taxlaw-13768	384	35	u.s	u.s	PROPN
taxlaw-13768	384	36	.	.	PROPN
taxlaw-13768	384	37	withholding	withholding	NOUN
taxlaw-13768	384	38	tax	tax	NOUN
taxlaw-13768	384	39	.	.	PUNCT
taxlaw-13768	385	1	similarly	similarly	ADV
taxlaw-13768	385	2	,	,	PUNCT
taxlaw-13768	385	3	effectively	effectively	ADV
taxlaw-13768	385	4	connected	connect	VERB
taxlaw-13768	385	5	earnings	earning	NOUN
taxlaw-13768	385	6	have	have	AUX
taxlaw-13768	385	7	been	be	AUX
taxlaw-13768	385	8	subject	subject	ADJ
taxlaw-13768	385	9	to	to	ADP
taxlaw-13768	385	10	u.s	u.s	PROPN
taxlaw-13768	385	11	.	.	PROPN
taxlaw-13768	385	12	tax	tax	PROPN
taxlaw-13768	385	13	and	and	CCONJ
taxlaw-13768	385	14	,	,	PUNCT
taxlaw-13768	385	15	potentially	potentially	ADV
taxlaw-13768	385	16	,	,	PUNCT
taxlaw-13768	385	17	branch	branch	NOUN
taxlaw-13768	385	18	profits	profit	VERB
taxlaw-13768	385	19	tax.74	tax.74	NOUN
taxlaw-13768	385	20	section	section	NOUN
taxlaw-13768	385	21	245a	245a	PROPN
taxlaw-13768	385	22	excludes	exclude	VERB
taxlaw-13768	385	23	them	they	PRON
taxlaw-13768	385	24	presumably	presumably	ADV
taxlaw-13768	385	25	to	to	PART
taxlaw-13768	385	26	avoid	avoid	VERB
taxlaw-13768	385	27	an	an	DET
taxlaw-13768	385	28	advantage	advantage	NOUN
taxlaw-13768	385	29	to	to	ADP
taxlaw-13768	385	30	a	a	DET
taxlaw-13768	385	31	u.s	u.s	PROPN
taxlaw-13768	385	32	.	.	PROPN
taxlaw-13768	385	33	corporation	corporation	NOUN
taxlaw-13768	385	34	owning	own	VERB
taxlaw-13768	385	35	less	less	ADJ
taxlaw-13768	385	36	than	than	ADP
taxlaw-13768	385	37	80	80	NUM
taxlaw-13768	385	38	%	%	NOUN
taxlaw-13768	385	39	of	of	ADP
taxlaw-13768	385	40	the	the	DET
taxlaw-13768	385	41	stock	stock	NOUN
taxlaw-13768	385	42	of	of	ADP
taxlaw-13768	385	43	another	another	DET
taxlaw-13768	385	44	u.s	u.s	PROPN
taxlaw-13768	385	45	.	.	PROPN
taxlaw-13768	385	46	corporation	corporation	NOUN
taxlaw-13768	385	47	by	by	ADP
taxlaw-13768	385	48	holding	hold	VERB
taxlaw-13768	385	49	those	those	DET
taxlaw-13768	385	50	shares	share	NOUN
taxlaw-13768	385	51	through	through	ADP
taxlaw-13768	385	52	a	a	DET
taxlaw-13768	385	53	foreign	foreign	ADJ
taxlaw-13768	385	54	corporation	corporation	NOUN
taxlaw-13768	385	55	in	in	ADP
taxlaw-13768	385	56	circumstances	circumstance	NOUN
taxlaw-13768	385	57	where	where	SCONJ
taxlaw-13768	385	58	the	the	DET
taxlaw-13768	385	59	dividend	dividend	NOUN
taxlaw-13768	385	60	was	be	AUX
taxlaw-13768	385	61	not	not	PART
taxlaw-13768	385	62	subject	subject	ADJ
taxlaw-13768	385	63	to	to	ADP
taxlaw-13768	385	64	subpart	subpart	PROPN
taxlaw-13768	385	65	f	f	PROPN
taxlaw-13768	385	66	inclusion	inclusion	NOUN
taxlaw-13768	385	67	.	.	PUNCT
taxlaw-13768	386	1	but	but	CCONJ
taxlaw-13768	386	2	it	it	PRON
taxlaw-13768	386	3	would	would	AUX
taxlaw-13768	386	4	be	be	AUX
taxlaw-13768	386	5	an	an	DET
taxlaw-13768	386	6	unusual	unusual	ADJ
taxlaw-13768	386	7	case	case	NOUN
taxlaw-13768	386	8	indeed	indeed	ADV
taxlaw-13768	386	9	if	if	SCONJ
taxlaw-13768	386	10	the	the	DET
taxlaw-13768	386	11	foreign	foreign	ADJ
taxlaw-13768	386	12	corporation	corporation	NOUN
taxlaw-13768	386	13	utilized	utilize	VERB
taxlaw-13768	386	14	to	to	PART
taxlaw-13768	386	15	hold	hold	VERB
taxlaw-13768	386	16	the	the	DET
taxlaw-13768	386	17	stock	stock	NOUN
taxlaw-13768	386	18	were	be	AUX
taxlaw-13768	386	19	not	not	PART
taxlaw-13768	386	20	a	a	DET
taxlaw-13768	386	21	cfc	cfc	NOUN
taxlaw-13768	386	22	,	,	PUNCT
taxlaw-13768	386	23	making	make	VERB
taxlaw-13768	386	24	the	the	DET
taxlaw-13768	386	25	abuse	abuse	NOUN
taxlaw-13768	386	26	to	to	PART
taxlaw-13768	386	27	which	which	PRON
taxlaw-13768	386	28	the	the	DET
taxlaw-13768	386	29	section	section	NOUN
taxlaw-13768	386	30	245a	245a	ADJ
taxlaw-13768	386	31	limitation	limitation	NOUN
taxlaw-13768	386	32	applied	apply	VERB
taxlaw-13768	386	33	essentially	essentially	ADV
taxlaw-13768	386	34	irrelevant	irrelevant	ADJ
taxlaw-13768	386	35	where	where	SCONJ
taxlaw-13768	386	36	non	non	ADJ
taxlaw-13768	386	37	-	-	ADJ
taxlaw-13768	386	38	cfc	cfc	ADJ
taxlaw-13768	386	39	foreign	foreign	ADJ
taxlaw-13768	386	40	companies	company	NOUN
taxlaw-13768	386	41	are	be	AUX
taxlaw-13768	386	42	involved	involve	VERB
taxlaw-13768	386	43	.	.	PUNCT
taxlaw-13768	387	1	and	and	CCONJ
taxlaw-13768	387	2	the	the	DET
taxlaw-13768	387	3	practical	practical	ADJ
taxlaw-13768	387	4	difficulties	difficulty	NOUN
taxlaw-13768	387	5	of	of	ADP
taxlaw-13768	387	6	determining	determine	VERB
taxlaw-13768	387	7	the	the	DET
taxlaw-13768	387	8	historic	historic	ADJ
taxlaw-13768	387	9	e&p	e&p	PROPN
taxlaw-13768	387	10	of	of	ADP
taxlaw-13768	387	11	a	a	DET
taxlaw-13768	387	12	foreign	foreign	ADJ
taxlaw-13768	387	13	multinational	multinational	NOUN
taxlaw-13768	387	14	and	and	CCONJ
taxlaw-13768	387	15	tracking	tracking	NOUN
taxlaw-13768	387	16	which	which	DET
taxlaw-13768	387	17	portion	portion	NOUN
taxlaw-13768	387	18	is	be	AUX
taxlaw-13768	387	19	attributable	attributable	ADJ
taxlaw-13768	387	20	to	to	ADP
taxlaw-13768	387	21	earnings	earning	NOUN
taxlaw-13768	387	22	other	other	ADJ
taxlaw-13768	387	23	than	than	ADP
taxlaw-13768	387	24	undistributed	undistributed	ADJ
taxlaw-13768	387	25	foreign	foreign	ADJ
taxlaw-13768	387	26	earnings	earning	NOUN
taxlaw-13768	387	27	would	would	AUX
taxlaw-13768	387	28	seem	seem	VERB
taxlaw-13768	387	29	to	to	PART
taxlaw-13768	387	30	accomplish	accomplish	VERB
taxlaw-13768	387	31	little	little	ADJ
taxlaw-13768	387	32	of	of	ADP
taxlaw-13768	387	33	value	value	NOUN
taxlaw-13768	387	34	other	other	ADJ
taxlaw-13768	387	35	than	than	ADP
taxlaw-13768	387	36	yet	yet	ADV
taxlaw-13768	387	37	more	more	ADJ
taxlaw-13768	387	38	accounting	accounting	NOUN
taxlaw-13768	387	39	firm	firm	ADJ
taxlaw-13768	387	40	revenues	revenue	NOUN
taxlaw-13768	387	41	.	.	PUNCT
taxlaw-13768	388	1	including	include	VERB
taxlaw-13768	388	2	the	the	DET
taxlaw-13768	388	3	section	section	NOUN
taxlaw-13768	388	4	1248	1248	NUM
taxlaw-13768	388	5	amount	amount	NOUN
taxlaw-13768	388	6	at	at	ADP
taxlaw-13768	388	7	the	the	DET
taxlaw-13768	388	8	shareholder	shareholder	NOUN
taxlaw-13768	388	9	level	level	NOUN
taxlaw-13768	388	10	in	in	ADP
taxlaw-13768	388	11	an	an	DET
taxlaw-13768	388	12	inbound	inbound	ADJ
taxlaw-13768	388	13	asset	asset	NOUN
taxlaw-13768	388	14	reorganization	reorganization	NOUN
taxlaw-13768	388	15	(	(	PUNCT
taxlaw-13768	388	16	which	which	PRON
taxlaw-13768	388	17	would	would	AUX
taxlaw-13768	388	18	trigger	trigger	VERB
taxlaw-13768	388	19	the	the	DET
taxlaw-13768	388	20	section	section	NOUN
taxlaw-13768	388	21	245a	245a	ADJ
taxlaw-13768	388	22	deduction	deduction	NOUN
taxlaw-13768	388	23	to	to	ADP
taxlaw-13768	388	24	the	the	DET
taxlaw-13768	388	25	extent	extent	NOUN
taxlaw-13768	388	26	applicable	applicable	ADJ
taxlaw-13768	388	27	)	)	PUNCT
taxlaw-13768	388	28	would	would	AUX
taxlaw-13768	388	29	thus	thus	ADV
taxlaw-13768	388	30	seem	seem	VERB
taxlaw-13768	388	31	to	to	PART
taxlaw-13768	388	32	be	be	AUX
taxlaw-13768	388	33	a	a	DET
taxlaw-13768	388	34	sufficient	sufficient	ADJ
taxlaw-13768	388	35	deterrent	deterrent	NOUN
taxlaw-13768	388	36	to	to	ADP
taxlaw-13768	388	37	any	any	DET
taxlaw-13768	388	38	real	real	ADJ
taxlaw-13768	388	39	concerns	concern	NOUN
taxlaw-13768	388	40	regarding	regard	VERB
taxlaw-13768	388	41	u.s.-source	u.s.-source	NOUN
taxlaw-13768	388	42	undistributed	undistribute	VERB
taxlaw-13768	388	43	earnings.75	earnings.75	ADJ
taxlaw-13768	388	44	73	73	NUM
taxlaw-13768	388	45	admittedly	admittedly	ADV
taxlaw-13768	388	46	,	,	PUNCT
taxlaw-13768	388	47	taking	take	VERB
taxlaw-13768	388	48	the	the	DET
taxlaw-13768	388	49	argument	argument	NOUN
taxlaw-13768	388	50	to	to	ADP
taxlaw-13768	388	51	its	its	PRON
taxlaw-13768	388	52	logical	logical	ADJ
taxlaw-13768	388	53	conclusion	conclusion	NOUN
taxlaw-13768	388	54	,	,	PUNCT
taxlaw-13768	388	55	even	even	ADV
taxlaw-13768	388	56	after	after	ADP
taxlaw-13768	388	57	the	the	DET
taxlaw-13768	388	58	enactment	enactment	NOUN
taxlaw-13768	388	59	of	of	ADP
taxlaw-13768	388	60	section	section	NOUN
taxlaw-13768	388	61	245a	245a	PROPN
taxlaw-13768	388	62	,	,	PUNCT
taxlaw-13768	388	63	kingson	kingson	PROPN
taxlaw-13768	388	64	may	may	AUX
taxlaw-13768	388	65	have	have	AUX
taxlaw-13768	388	66	argued	argue	VERB
taxlaw-13768	388	67	that	that	SCONJ
taxlaw-13768	388	68	if	if	SCONJ
taxlaw-13768	388	69	the	the	DET
taxlaw-13768	388	70	foreign	foreign	ADJ
taxlaw-13768	388	71	corporation	corporation	NOUN
taxlaw-13768	388	72	had	have	AUX
taxlaw-13768	388	73	always	always	ADV
taxlaw-13768	388	74	been	be	AUX
taxlaw-13768	388	75	a	a	DET
taxlaw-13768	388	76	u.s	u.s	PROPN
taxlaw-13768	388	77	.	.	PROPN
taxlaw-13768	388	78	corporation	corporation	NOUN
taxlaw-13768	388	79	,	,	PUNCT
taxlaw-13768	388	80	it	it	PRON
taxlaw-13768	388	81	would	would	AUX
taxlaw-13768	388	82	have	have	AUX
taxlaw-13768	388	83	been	be	AUX
taxlaw-13768	388	84	subject	subject	ADJ
taxlaw-13768	388	85	to	to	ADP
taxlaw-13768	388	86	u.s	u.s	PROPN
taxlaw-13768	388	87	.	.	PROPN
taxlaw-13768	388	88	tax	tax	NOUN
taxlaw-13768	388	89	.	.	PUNCT
taxlaw-13768	389	1	74	74	NUM
taxlaw-13768	389	2	i.r.c	i.r.c	NOUN
taxlaw-13768	389	3	.	.	PUNCT
taxlaw-13768	390	1	§	§	PROPN
taxlaw-13768	390	2	884	884	NUM
taxlaw-13768	390	3	.	.	PUNCT
taxlaw-13768	390	4	75	75	NUM
taxlaw-13768	390	5	admittedly	admittedly	ADV
taxlaw-13768	390	6	,	,	PUNCT
taxlaw-13768	390	7	this	this	PRON
taxlaw-13768	390	8	provides	provide	VERB
taxlaw-13768	390	9	a	a	DET
taxlaw-13768	390	10	benefit	benefit	NOUN
taxlaw-13768	390	11	to	to	ADP
taxlaw-13768	390	12	inbound	inbound	ADJ
taxlaw-13768	390	13	asset	asset	NOUN
taxlaw-13768	390	14	reorganizations	reorganization	NOUN
taxlaw-13768	390	15	when	when	SCONJ
taxlaw-13768	390	16	compared	compare	VERB
taxlaw-13768	390	17	to	to	ADP
taxlaw-13768	390	18	inbound	inbound	ADJ
taxlaw-13768	390	19	stock	stock	NOUN
taxlaw-13768	390	20	reorganizations	reorganization	NOUN
taxlaw-13768	390	21	,	,	PUNCT
taxlaw-13768	390	22	but	but	CCONJ
taxlaw-13768	390	23	given	give	VERB
taxlaw-13768	390	24	the	the	DET
taxlaw-13768	390	25	practical	practical	ADJ
taxlaw-13768	390	26	difficulty	difficulty	NOUN
taxlaw-13768	390	27	of	of	ADP
taxlaw-13768	390	28	tracking	track	VERB
taxlaw-13768	390	29	historical	historical	ADJ
taxlaw-13768	390	30	domestic	domestic	ADJ
taxlaw-13768	390	31	source	source	NOUN
taxlaw-13768	390	32	180	180	NUM
taxlaw-13768	390	33	columbia	columbia	PROPN
taxlaw-13768	390	34	journal	journal	PROPN
taxlaw-13768	390	35	of	of	ADP
taxlaw-13768	390	36	tax	tax	NOUN
taxlaw-13768	390	37	law	law	NOUN
taxlaw-13768	391	1	[	[	X
taxlaw-13768	391	2	vol	vol	NOUN
taxlaw-13768	391	3	.	.	PUNCT
taxlaw-13768	392	1	16:2	16:2	NUM
taxlaw-13768	392	2	hybrid	hybrid	ADJ
taxlaw-13768	392	3	dividends	dividend	NOUN
taxlaw-13768	392	4	,	,	PUNCT
taxlaw-13768	392	5	though	though	SCONJ
taxlaw-13768	392	6	rare	rare	ADJ
taxlaw-13768	392	7	in	in	ADP
taxlaw-13768	392	8	today	today	NOUN
taxlaw-13768	392	9	’s	’s	PART
taxlaw-13768	392	10	post	post	ADJ
taxlaw-13768	392	11	-	-	ADJ
taxlaw-13768	392	12	beps	beps	ADJ
taxlaw-13768	392	13	world	world	NOUN
taxlaw-13768	392	14	,	,	PUNCT
taxlaw-13768	392	15	do	do	AUX
taxlaw-13768	392	16	need	need	VERB
taxlaw-13768	392	17	to	to	PART
taxlaw-13768	392	18	be	be	AUX
taxlaw-13768	392	19	dealt	deal	VERB
taxlaw-13768	392	20	with	with	ADP
taxlaw-13768	392	21	,	,	PUNCT
taxlaw-13768	392	22	but	but	CCONJ
taxlaw-13768	392	23	also	also	ADV
taxlaw-13768	392	24	are	be	AUX
taxlaw-13768	392	25	only	only	ADV
taxlaw-13768	392	26	relevant	relevant	ADJ
taxlaw-13768	392	27	in	in	ADP
taxlaw-13768	392	28	the	the	DET
taxlaw-13768	392	29	context	context	NOUN
taxlaw-13768	392	30	of	of	ADP
taxlaw-13768	392	31	foreign	foreign	ADJ
taxlaw-13768	392	32	corporations	corporation	NOUN
taxlaw-13768	392	33	that	that	PRON
taxlaw-13768	392	34	are	be	AUX
taxlaw-13768	392	35	cfcs	cfc	VERB
taxlaw-13768	392	36	.	.	PUNCT
taxlaw-13768	393	1	if	if	SCONJ
taxlaw-13768	393	2	a	a	DET
taxlaw-13768	393	3	foreign	foreign	ADJ
taxlaw-13768	393	4	corporation	corporation	NOUN
taxlaw-13768	393	5	that	that	PRON
taxlaw-13768	393	6	is	be	AUX
taxlaw-13768	393	7	acquired	acquire	VERB
taxlaw-13768	393	8	in	in	ADP
taxlaw-13768	393	9	an	an	DET
taxlaw-13768	393	10	inbound	inbound	ADJ
taxlaw-13768	393	11	asset	asset	NOUN
taxlaw-13768	393	12	reorganization	reorganization	NOUN
taxlaw-13768	393	13	is	be	AUX
taxlaw-13768	393	14	a	a	DET
taxlaw-13768	393	15	cfc	cfc	NOUN
taxlaw-13768	393	16	and	and	CCONJ
taxlaw-13768	393	17	has	have	VERB
taxlaw-13768	393	18	a	a	DET
taxlaw-13768	393	19	u.s	u.s	PROPN
taxlaw-13768	393	20	.	.	PROPN
taxlaw-13768	393	21	shareholder	shareholder	NOUN
taxlaw-13768	393	22	with	with	ADP
taxlaw-13768	393	23	a	a	DET
taxlaw-13768	393	24	hybrid	hybrid	ADJ
taxlaw-13768	393	25	dividend	dividend	NOUN
taxlaw-13768	393	26	account	account	VERB
taxlaw-13768	393	27	with	with	ADP
taxlaw-13768	393	28	respect	respect	NOUN
taxlaw-13768	393	29	to	to	ADP
taxlaw-13768	393	30	its	its	PRON
taxlaw-13768	393	31	stock	stock	NOUN
taxlaw-13768	393	32	,	,	PUNCT
taxlaw-13768	393	33	that	that	SCONJ
taxlaw-13768	393	34	account	account	NOUN
taxlaw-13768	393	35	should	should	AUX
taxlaw-13768	393	36	be	be	AUX
taxlaw-13768	393	37	triggered	trigger	VERB
taxlaw-13768	393	38	to	to	ADP
taxlaw-13768	393	39	that	that	DET
taxlaw-13768	393	40	shareholder	shareholder	NOUN
taxlaw-13768	393	41	.	.	PUNCT
taxlaw-13768	394	1	if	if	SCONJ
taxlaw-13768	394	2	the	the	DET
taxlaw-13768	394	3	account	account	NOUN
taxlaw-13768	394	4	relates	relate	VERB
taxlaw-13768	394	5	to	to	ADP
taxlaw-13768	394	6	a	a	DET
taxlaw-13768	394	7	lower	low	ADJ
taxlaw-13768	394	8	-	-	PUNCT
taxlaw-13768	394	9	tier	tier	NOUN
taxlaw-13768	394	10	cfc	cfc	NOUN
taxlaw-13768	394	11	,	,	PUNCT
taxlaw-13768	394	12	the	the	DET
taxlaw-13768	394	13	account	account	NOUN
taxlaw-13768	394	14	need	need	AUX
taxlaw-13768	394	15	not	not	PART
taxlaw-13768	394	16	be	be	AUX
taxlaw-13768	394	17	triggered	trigger	VERB
taxlaw-13768	394	18	because	because	SCONJ
taxlaw-13768	394	19	the	the	DET
taxlaw-13768	394	20	inbound	inbound	ADJ
taxlaw-13768	394	21	asset	asset	NOUN
taxlaw-13768	394	22	reorganization	reorganization	NOUN
taxlaw-13768	394	23	should	should	AUX
taxlaw-13768	394	24	not	not	PART
taxlaw-13768	394	25	affect	affect	VERB
taxlaw-13768	394	26	subsequent	subsequent	ADJ
taxlaw-13768	394	27	subpart	subpart	NOUN
taxlaw-13768	394	28	f	f	NOUN
taxlaw-13768	394	29	or	or	CCONJ
taxlaw-13768	394	30	direct	direct	ADJ
taxlaw-13768	394	31	income	income	NOUN
taxlaw-13768	394	32	inclusions	inclusion	NOUN
taxlaw-13768	394	33	if	if	SCONJ
taxlaw-13768	394	34	the	the	DET
taxlaw-13768	394	35	lower	low	ADJ
taxlaw-13768	394	36	-	-	PUNCT
taxlaw-13768	394	37	tier	tier	NOUN
taxlaw-13768	394	38	cfc	cfc	NOUN
taxlaw-13768	394	39	pays	pay	VERB
taxlaw-13768	394	40	a	a	DET
taxlaw-13768	394	41	dividend	dividend	NOUN
taxlaw-13768	394	42	in	in	ADP
taxlaw-13768	394	43	the	the	DET
taxlaw-13768	394	44	future	future	NOUN
taxlaw-13768	394	45	.	.	PUNCT
taxlaw-13768	395	1	that	that	PRON
taxlaw-13768	395	2	leaves	leave	VERB
taxlaw-13768	395	3	the	the	DET
taxlaw-13768	395	4	section	section	NOUN
taxlaw-13768	395	5	246	246	NUM
taxlaw-13768	395	6	one	one	NUM
taxlaw-13768	395	7	-	-	PUNCT
taxlaw-13768	395	8	year	year	NOUN
taxlaw-13768	395	9	holding	hold	VERB
taxlaw-13768	395	10	period	period	NOUN
taxlaw-13768	395	11	to	to	PART
taxlaw-13768	395	12	be	be	AUX
taxlaw-13768	395	13	dealt	deal	VERB
taxlaw-13768	395	14	with	with	ADP
taxlaw-13768	395	15	.	.	PUNCT
taxlaw-13768	396	1	the	the	DET
taxlaw-13768	396	2	assumed	assume	VERB
taxlaw-13768	396	3	rationale	rationale	NOUN
taxlaw-13768	396	4	for	for	ADP
taxlaw-13768	396	5	this	this	DET
taxlaw-13768	396	6	limitation	limitation	NOUN
taxlaw-13768	396	7	is	be	AUX
taxlaw-13768	396	8	to	to	PART
taxlaw-13768	396	9	prevent	prevent	VERB
taxlaw-13768	396	10	dividend	dividend	NOUN
taxlaw-13768	396	11	stripping	strip	VERB
taxlaw-13768	396	12	transactions	transaction	NOUN
taxlaw-13768	396	13	and	and	CCONJ
taxlaw-13768	396	14	other	other	ADJ
taxlaw-13768	396	15	midco	midco	ADJ
taxlaw-13768	396	16	-	-	PUNCT
taxlaw-13768	396	17	type	type	NOUN
taxlaw-13768	396	18	planning	planning	NOUN
taxlaw-13768	396	19	opportunities	opportunity	NOUN
taxlaw-13768	396	20	that	that	PRON
taxlaw-13768	396	21	could	could	AUX
taxlaw-13768	396	22	arise	arise	VERB
taxlaw-13768	396	23	from	from	ADP
taxlaw-13768	396	24	temporary	temporary	ADJ
taxlaw-13768	396	25	ownership	ownership	NOUN
taxlaw-13768	396	26	of	of	ADP
taxlaw-13768	396	27	foreign	foreign	ADJ
taxlaw-13768	396	28	corporation	corporation	NOUN
taxlaw-13768	396	29	stock	stock	NOUN
taxlaw-13768	396	30	.	.	PUNCT
taxlaw-13768	397	1	an	an	DET
taxlaw-13768	397	2	easy	easy	ADJ
taxlaw-13768	397	3	path	path	NOUN
taxlaw-13768	397	4	to	to	PART
taxlaw-13768	397	5	prevent	prevent	VERB
taxlaw-13768	397	6	such	such	ADJ
taxlaw-13768	397	7	planning	planning	NOUN
taxlaw-13768	397	8	in	in	ADP
taxlaw-13768	397	9	the	the	DET
taxlaw-13768	397	10	inbound	inbound	ADJ
taxlaw-13768	397	11	asset	asset	NOUN
taxlaw-13768	397	12	reorganization	reorganization	NOUN
taxlaw-13768	397	13	context	context	NOUN
taxlaw-13768	397	14	would	would	AUX
taxlaw-13768	397	15	be	be	AUX
taxlaw-13768	397	16	to	to	PART
taxlaw-13768	397	17	require	require	VERB
taxlaw-13768	397	18	that	that	SCONJ
taxlaw-13768	397	19	a	a	DET
taxlaw-13768	397	20	substantial	substantial	ADJ
taxlaw-13768	397	21	portion	portion	NOUN
taxlaw-13768	397	22	of	of	ADP
taxlaw-13768	397	23	the	the	DET
taxlaw-13768	397	24	assets	asset	NOUN
taxlaw-13768	397	25	acquired	acquire	VERB
taxlaw-13768	397	26	in	in	ADP
taxlaw-13768	397	27	the	the	DET
taxlaw-13768	397	28	transaction	transaction	NOUN
taxlaw-13768	397	29	be	be	AUX
taxlaw-13768	397	30	held	hold	VERB
taxlaw-13768	397	31	for	for	ADP
taxlaw-13768	397	32	one	one	NUM
taxlaw-13768	397	33	year	year	NOUN
taxlaw-13768	397	34	or	or	CCONJ
taxlaw-13768	397	35	more	more	ADJ
taxlaw-13768	397	36	in	in	SCONJ
taxlaw-13768	397	37	order	order	NOUN
taxlaw-13768	397	38	to	to	PART
taxlaw-13768	397	39	avoid	avoid	VERB
taxlaw-13768	397	40	current	current	ADJ
taxlaw-13768	397	41	taxation	taxation	NOUN
taxlaw-13768	397	42	of	of	ADP
taxlaw-13768	397	43	the	the	DET
taxlaw-13768	397	44	foreign	foreign	ADJ
taxlaw-13768	397	45	corporation	corporation	NOUN
taxlaw-13768	397	46	’s	’s	NOUN
taxlaw-13768	397	47	e&p.76	e&p.76	NOUN
taxlaw-13768	397	48	in	in	ADP
taxlaw-13768	397	49	sum	sum	NOUN
taxlaw-13768	397	50	,	,	PUNCT
taxlaw-13768	397	51	any	any	DET
taxlaw-13768	397	52	corporate	corporate	ADJ
taxlaw-13768	397	53	level	level	NOUN
taxlaw-13768	397	54	avoidance	avoidance	NOUN
taxlaw-13768	397	55	in	in	ADP
taxlaw-13768	397	56	an	an	DET
taxlaw-13768	397	57	inbound	inbound	ADJ
taxlaw-13768	397	58	asset	asset	NOUN
taxlaw-13768	397	59	reorganization	reorganization	NOUN
taxlaw-13768	397	60	can	can	AUX
taxlaw-13768	397	61	be	be	AUX
taxlaw-13768	397	62	more	more	ADV
taxlaw-13768	397	63	than	than	ADP
taxlaw-13768	397	64	adequately	adequately	ADV
taxlaw-13768	397	65	dealt	deal	VERB
taxlaw-13768	397	66	with	with	ADP
taxlaw-13768	397	67	through	through	ADP
taxlaw-13768	397	68	regulations	regulation	NOUN
taxlaw-13768	397	69	that	that	PRON
taxlaw-13768	397	70	trigger	trigger	VERB
taxlaw-13768	397	71	an	an	DET
taxlaw-13768	397	72	inclusion	inclusion	NOUN
taxlaw-13768	397	73	to	to	ADP
taxlaw-13768	397	74	a	a	DET
taxlaw-13768	397	75	section	section	NOUN
taxlaw-13768	397	76	1248	1248	NUM
taxlaw-13768	397	77	shareholder	shareholder	NOUN
taxlaw-13768	397	78	of	of	ADP
taxlaw-13768	397	79	the	the	DET
taxlaw-13768	397	80	section	section	NOUN
taxlaw-13768	397	81	1248	1248	NUM
taxlaw-13768	397	82	amount	amount	NOUN
taxlaw-13768	397	83	and	and	CCONJ
taxlaw-13768	397	84	to	to	ADP
taxlaw-13768	397	85	a	a	DET
taxlaw-13768	397	86	u.s	u.s	PROPN
taxlaw-13768	397	87	.	.	PROPN
taxlaw-13768	397	88	shareholder	shareholder	NOUN
taxlaw-13768	397	89	of	of	ADP
taxlaw-13768	397	90	a	a	DET
taxlaw-13768	397	91	cfc	cfc	NOUN
taxlaw-13768	397	92	of	of	ADP
taxlaw-13768	397	93	the	the	DET
taxlaw-13768	397	94	hybrid	hybrid	ADJ
taxlaw-13768	397	95	dividend	dividend	NOUN
taxlaw-13768	397	96	account	account	NOUN
taxlaw-13768	397	97	for	for	ADP
taxlaw-13768	397	98	the	the	DET
taxlaw-13768	397	99	inbounding	inbounde	VERB
taxlaw-13768	397	100	cfc	cfc	NOUN
taxlaw-13768	397	101	with	with	ADP
taxlaw-13768	397	102	respect	respect	NOUN
taxlaw-13768	397	103	to	to	ADP
taxlaw-13768	397	104	such	such	ADJ
taxlaw-13768	397	105	u.s	u.s	PROPN
taxlaw-13768	397	106	.	.	PROPN
taxlaw-13768	397	107	shareholder	shareholder	PROPN
taxlaw-13768	397	108	’s	’s	PART
taxlaw-13768	397	109	stock	stock	NOUN
taxlaw-13768	397	110	.	.	PUNCT
taxlaw-13768	398	1	otherwise	otherwise	ADV
taxlaw-13768	398	2	,	,	PUNCT
taxlaw-13768	398	3	there	there	PRON
taxlaw-13768	398	4	is	be	VERB
taxlaw-13768	398	5	no	no	DET
taxlaw-13768	398	6	reason	reason	NOUN
taxlaw-13768	398	7	why	why	SCONJ
taxlaw-13768	398	8	corporate	corporate	ADJ
taxlaw-13768	398	9	level	level	NOUN
taxlaw-13768	398	10	tax	tax	NOUN
taxlaw-13768	398	11	avoidance	avoidance	NOUN
taxlaw-13768	398	12	should	should	AUX
taxlaw-13768	398	13	be	be	AUX
taxlaw-13768	398	14	seen	see	VERB
taxlaw-13768	398	15	as	as	ADP
taxlaw-13768	398	16	an	an	DET
taxlaw-13768	398	17	issue	issue	NOUN
taxlaw-13768	398	18	and	and	CCONJ
taxlaw-13768	398	19	the	the	DET
taxlaw-13768	398	20	foreign	foreign	ADJ
taxlaw-13768	398	21	corporation	corporation	NOUN
taxlaw-13768	398	22	’s	’s	PART
taxlaw-13768	399	1	e&p	e&p	PROPN
taxlaw-13768	399	2	(	(	PUNCT
taxlaw-13768	399	3	other	other	ADJ
taxlaw-13768	399	4	than	than	ADP
taxlaw-13768	399	5	any	any	DET
taxlaw-13768	399	6	ptep	ptep	NOUN
taxlaw-13768	399	7	)	)	PUNCT
taxlaw-13768	399	8	should	should	AUX
taxlaw-13768	399	9	migrate	migrate	VERB
taxlaw-13768	399	10	to	to	ADP
taxlaw-13768	399	11	the	the	DET
taxlaw-13768	399	12	u.s	u.s	PROPN
taxlaw-13768	399	13	.	.	PROPN
taxlaw-13768	399	14	corporation	corporation	PROPN
taxlaw-13768	399	15	,	,	PUNCT
taxlaw-13768	399	16	subject	subject	ADJ
taxlaw-13768	399	17	to	to	ADP
taxlaw-13768	399	18	the	the	DET
taxlaw-13768	399	19	normal	normal	ADJ
taxlaw-13768	399	20	rules	rule	NOUN
taxlaw-13768	399	21	under	under	ADP
taxlaw-13768	399	22	section	section	NOUN
taxlaw-13768	399	23	381	381	NUM
taxlaw-13768	399	24	.	.	PUNCT
taxlaw-13768	400	1	there	there	PRON
taxlaw-13768	400	2	is	be	VERB
taxlaw-13768	400	3	no	no	DET
taxlaw-13768	400	4	reason	reason	NOUN
taxlaw-13768	400	5	to	to	PART
taxlaw-13768	400	6	expunge	expunge	VERB
taxlaw-13768	400	7	the	the	DET
taxlaw-13768	400	8	e&p	e&p	PROPN
taxlaw-13768	400	9	of	of	ADP
taxlaw-13768	400	10	the	the	DET
taxlaw-13768	400	11	foreign	foreign	ADJ
taxlaw-13768	400	12	company	company	NOUN
taxlaw-13768	400	13	;	;	PUNCT
taxlaw-13768	400	14	given	give	VERB
taxlaw-13768	400	15	that	that	SCONJ
taxlaw-13768	400	16	our	our	PRON
taxlaw-13768	400	17	corporate	corporate	ADJ
taxlaw-13768	400	18	tax	tax	NOUN
taxlaw-13768	400	19	is	be	AUX
taxlaw-13768	400	20	best	well	ADV
taxlaw-13768	400	21	viewed	view	VERB
taxlaw-13768	400	22	as	as	ADP
taxlaw-13768	400	23	a	a	DET
taxlaw-13768	400	24	separate	separate	ADJ
taxlaw-13768	400	25	tax	tax	NOUN
taxlaw-13768	400	26	,	,	PUNCT
taxlaw-13768	400	27	its	its	PRON
taxlaw-13768	400	28	distributions	distribution	NOUN
taxlaw-13768	400	29	out	out	ADP
taxlaw-13768	400	30	of	of	ADP
taxlaw-13768	400	31	earnings	earning	NOUN
taxlaw-13768	400	32	should	should	AUX
taxlaw-13768	400	33	be	be	AUX
taxlaw-13768	400	34	dividends	dividend	NOUN
taxlaw-13768	400	35	whether	whether	SCONJ
taxlaw-13768	400	36	or	or	CCONJ
taxlaw-13768	400	37	not	not	PART
taxlaw-13768	400	38	the	the	DET
taxlaw-13768	400	39	distributed	distribute	VERB
taxlaw-13768	400	40	amounts	amount	NOUN
taxlaw-13768	400	41	were	be	AUX
taxlaw-13768	400	42	earned	earn	VERB
taxlaw-13768	400	43	before	before	ADP
taxlaw-13768	400	44	or	or	CCONJ
taxlaw-13768	400	45	after	after	ADP
taxlaw-13768	400	46	the	the	DET
taxlaw-13768	400	47	transaction.77	transaction.77	PROPN
taxlaw-13768	400	48	vi	vi	PROPN
taxlaw-13768	400	49	.	.	PROPN
taxlaw-13768	400	50	shareholder	shareholder	NOUN
taxlaw-13768	400	51	level	level	NOUN
taxlaw-13768	400	52	tax	tax	NOUN
taxlaw-13768	400	53	avoidance	avoidance	NOUN
taxlaw-13768	400	54	on	on	ADP
taxlaw-13768	400	55	inbound	inbound	ADJ
taxlaw-13768	400	56	asset	asset	NOUN
taxlaw-13768	400	57	and	and	CCONJ
taxlaw-13768	400	58	stock	stock	NOUN
taxlaw-13768	400	59	reorganizations	reorganization	NOUN
taxlaw-13768	400	60	the	the	DET
taxlaw-13768	400	61	above	above	ADP
taxlaw-13768	400	62	analysis	analysis	NOUN
taxlaw-13768	400	63	leads	lead	VERB
taxlaw-13768	400	64	to	to	ADP
taxlaw-13768	400	65	the	the	DET
taxlaw-13768	400	66	conclusion	conclusion	NOUN
taxlaw-13768	400	67	that	that	SCONJ
taxlaw-13768	400	68	,	,	PUNCT
taxlaw-13768	400	69	to	to	PART
taxlaw-13768	400	70	prevent	prevent	VERB
taxlaw-13768	400	71	corporate	corporate	ADJ
taxlaw-13768	400	72	level	level	NOUN
taxlaw-13768	400	73	tax	tax	NOUN
taxlaw-13768	400	74	avoidance	avoidance	NOUN
taxlaw-13768	400	75	in	in	ADP
taxlaw-13768	400	76	an	an	DET
taxlaw-13768	400	77	inbound	inbound	ADJ
taxlaw-13768	400	78	asset	asset	NOUN
taxlaw-13768	400	79	reorganization	reorganization	NOUN
taxlaw-13768	400	80	,	,	PUNCT
taxlaw-13768	400	81	the	the	DET
taxlaw-13768	400	82	section	section	NOUN
taxlaw-13768	400	83	1248	1248	NUM
taxlaw-13768	400	84	shareholders	shareholder	NOUN
taxlaw-13768	400	85	should	should	AUX
taxlaw-13768	400	86	generally	generally	ADV
taxlaw-13768	400	87	be	be	AUX
taxlaw-13768	400	88	taxed	tax	VERB
taxlaw-13768	400	89	on	on	ADP
taxlaw-13768	400	90	their	their	PRON
taxlaw-13768	400	91	section	section	NOUN
taxlaw-13768	400	92	1248	1248	NUM
taxlaw-13768	400	93	amounts	amount	NOUN
taxlaw-13768	400	94	and	and	CCONJ
taxlaw-13768	400	95	u.s	u.s	PROPN
taxlaw-13768	400	96	.	.	PROPN
taxlaw-13768	400	97	shareholders	shareholder	NOUN
taxlaw-13768	400	98	on	on	ADP
taxlaw-13768	400	99	any	any	DET
taxlaw-13768	400	100	amount	amount	NOUN
taxlaw-13768	400	101	in	in	ADP
taxlaw-13768	400	102	their	their	PRON
taxlaw-13768	400	103	hybrid	hybrid	ADJ
taxlaw-13768	400	104	dividend	dividend	NOUN
taxlaw-13768	400	105	accounts	account	NOUN
taxlaw-13768	400	106	.	.	PUNCT
taxlaw-13768	401	1	but	but	CCONJ
taxlaw-13768	401	2	what	what	PRON
taxlaw-13768	401	3	about	about	ADP
taxlaw-13768	401	4	shareholder	shareholder	NOUN
taxlaw-13768	401	5	level	level	NOUN
taxlaw-13768	401	6	avoidance	avoidance	NOUN
taxlaw-13768	401	7	?	?	PUNCT
taxlaw-13768	402	1	under	under	ADP
taxlaw-13768	402	2	the	the	DET
taxlaw-13768	402	3	current	current	ADJ
taxlaw-13768	402	4	reg	reg	NOUN
taxlaw-13768	402	5	.	.	PUNCT
taxlaw-13768	403	1	§	§	PROPN
taxlaw-13768	403	2	1.367(b)-3	1.367(b)-3	PROPN
taxlaw-13768	403	3	,	,	PUNCT
taxlaw-13768	403	4	the	the	DET
taxlaw-13768	403	5	required	require	VERB
taxlaw-13768	403	6	inclusion	inclusion	NOUN
taxlaw-13768	403	7	of	of	ADP
taxlaw-13768	403	8	the	the	DET
taxlaw-13768	403	9	all	all	DET
taxlaw-13768	403	10	earnings	earning	NOUN
taxlaw-13768	403	11	of	of	ADP
taxlaw-13768	403	12	foreign	foreign	ADJ
taxlaw-13768	403	13	corporations	corporation	NOUN
taxlaw-13768	403	14	that	that	PRON
taxlaw-13768	403	15	are	be	AUX
taxlaw-13768	403	16	not	not	PART
taxlaw-13768	403	17	cfcs	cfc	VERB
taxlaw-13768	403	18	,	,	PUNCT
taxlaw-13768	403	19	it	it	PRON
taxlaw-13768	403	20	is	be	AUX
taxlaw-13768	403	21	difficult	difficult	ADJ
taxlaw-13768	403	22	to	to	PART
taxlaw-13768	403	23	see	see	VERB
taxlaw-13768	403	24	this	this	DET
taxlaw-13768	403	25	benefit	benefit	NOUN
taxlaw-13768	403	26	as	as	ADP
taxlaw-13768	403	27	avoidance	avoidance	NOUN
taxlaw-13768	403	28	.	.	PUNCT
taxlaw-13768	404	1	moreover	moreover	ADV
taxlaw-13768	404	2	,	,	PUNCT
taxlaw-13768	404	3	it	it	PRON
taxlaw-13768	404	4	seems	seem	VERB
taxlaw-13768	404	5	that	that	SCONJ
taxlaw-13768	404	6	,	,	PUNCT
taxlaw-13768	404	7	when	when	SCONJ
taxlaw-13768	404	8	adopted	adopt	VERB
taxlaw-13768	404	9	,	,	PUNCT
taxlaw-13768	404	10	regulations	regulation	NOUN
taxlaw-13768	404	11	under	under	ADP
taxlaw-13768	404	12	section	section	NOUN
taxlaw-13768	404	13	245a	245a	PROPN
taxlaw-13768	404	14	(	(	PUNCT
taxlaw-13768	404	15	which	which	PRON
taxlaw-13768	404	16	give	give	VERB
taxlaw-13768	404	17	the	the	DET
taxlaw-13768	404	18	secretary	secretary	NOUN
taxlaw-13768	404	19	very	very	ADV
taxlaw-13768	404	20	broad	broad	ADJ
taxlaw-13768	404	21	authority	authority	NOUN
taxlaw-13768	404	22	)	)	PUNCT
taxlaw-13768	404	23	should	should	AUX
taxlaw-13768	404	24	provide	provide	VERB
taxlaw-13768	404	25	a	a	DET
taxlaw-13768	404	26	generally	generally	ADV
taxlaw-13768	404	27	applicable	applicable	ADJ
taxlaw-13768	404	28	practical	practical	ADJ
taxlaw-13768	404	29	limit	limit	NOUN
taxlaw-13768	404	30	on	on	ADP
taxlaw-13768	404	31	the	the	DET
taxlaw-13768	404	32	need	need	NOUN
taxlaw-13768	404	33	to	to	PART
taxlaw-13768	404	34	track	track	VERB
taxlaw-13768	404	35	the	the	DET
taxlaw-13768	404	36	historical	historical	ADJ
taxlaw-13768	404	37	u.s	u.s	PROPN
taxlaw-13768	404	38	.	.	PROPN
taxlaw-13768	404	39	source	source	NOUN
taxlaw-13768	404	40	e&p	e&p	PROPN
taxlaw-13768	404	41	in	in	ADP
taxlaw-13768	404	42	the	the	DET
taxlaw-13768	404	43	case	case	NOUN
taxlaw-13768	404	44	of	of	ADP
taxlaw-13768	404	45	a	a	DET
taxlaw-13768	404	46	section	section	NOUN
taxlaw-13768	404	47	245a	245a	ADJ
taxlaw-13768	404	48	distribution	distribution	NOUN
taxlaw-13768	404	49	by	by	ADP
taxlaw-13768	404	50	a	a	DET
taxlaw-13768	404	51	foreign	foreign	ADJ
taxlaw-13768	404	52	corporation	corporation	NOUN
taxlaw-13768	404	53	that	that	PRON
taxlaw-13768	404	54	has	have	AUX
taxlaw-13768	404	55	never	never	ADV
taxlaw-13768	404	56	been	be	AUX
taxlaw-13768	404	57	a	a	DET
taxlaw-13768	404	58	cfc	cfc	NOUN
taxlaw-13768	404	59	.	.	PUNCT
taxlaw-13768	405	1	without	without	ADP
taxlaw-13768	405	2	such	such	DET
taxlaw-13768	405	3	a	a	DET
taxlaw-13768	405	4	limit	limit	NOUN
taxlaw-13768	405	5	,	,	PUNCT
taxlaw-13768	405	6	the	the	DET
taxlaw-13768	405	7	statute	statute	NOUN
taxlaw-13768	405	8	is	be	AUX
taxlaw-13768	405	9	arguably	arguably	ADV
taxlaw-13768	405	10	unadministrable	unadministrable	ADJ
taxlaw-13768	405	11	for	for	ADP
taxlaw-13768	405	12	u.s	u.s	PROPN
taxlaw-13768	405	13	.	.	PROPN
taxlaw-13768	405	14	corporations	corporation	NOUN
taxlaw-13768	405	15	acquiring	acquire	VERB
taxlaw-13768	405	16	interests	interest	NOUN
taxlaw-13768	405	17	in	in	ADP
taxlaw-13768	405	18	such	such	ADJ
taxlaw-13768	405	19	foreign	foreign	ADJ
taxlaw-13768	405	20	corporations	corporation	NOUN
taxlaw-13768	405	21	.	.	PUNCT
taxlaw-13768	406	1	76	76	NUM
taxlaw-13768	407	1	if	if	SCONJ
taxlaw-13768	407	2	necessary	necessary	ADJ
taxlaw-13768	407	3	,	,	PUNCT
taxlaw-13768	407	4	taxpayers	taxpayer	NOUN
taxlaw-13768	407	5	could	could	AUX
taxlaw-13768	407	6	be	be	AUX
taxlaw-13768	407	7	required	require	VERB
taxlaw-13768	407	8	to	to	PART
taxlaw-13768	407	9	sign	sign	VERB
taxlaw-13768	407	10	an	an	DET
taxlaw-13768	407	11	agreement	agreement	NOUN
taxlaw-13768	407	12	to	to	PART
taxlaw-13768	407	13	file	file	VERB
taxlaw-13768	407	14	an	an	DET
taxlaw-13768	407	15	amended	amend	VERB
taxlaw-13768	407	16	return	return	NOUN
taxlaw-13768	407	17	reflecting	reflect	VERB
taxlaw-13768	407	18	taxation	taxation	NOUN
taxlaw-13768	407	19	of	of	ADP
taxlaw-13768	407	20	that	that	DET
taxlaw-13768	407	21	e&p	e&p	PROPN
taxlaw-13768	407	22	where	where	SCONJ
taxlaw-13768	407	23	a	a	DET
taxlaw-13768	407	24	substantial	substantial	ADJ
taxlaw-13768	407	25	portion	portion	NOUN
taxlaw-13768	407	26	of	of	ADP
taxlaw-13768	407	27	the	the	DET
taxlaw-13768	407	28	foreign	foreign	ADJ
taxlaw-13768	407	29	corporation	corporation	NOUN
taxlaw-13768	407	30	assets	asset	NOUN
taxlaw-13768	407	31	are	be	AUX
taxlaw-13768	407	32	not	not	PART
taxlaw-13768	407	33	retained	retain	VERB
taxlaw-13768	407	34	for	for	ADP
taxlaw-13768	407	35	the	the	DET
taxlaw-13768	407	36	twelve	twelve	NUM
taxlaw-13768	407	37	-	-	PUNCT
taxlaw-13768	407	38	month	month	NOUN
taxlaw-13768	407	39	period	period	NOUN
taxlaw-13768	407	40	.	.	PUNCT
taxlaw-13768	408	1	77	77	NUM
taxlaw-13768	408	2	in	in	ADP
taxlaw-13768	408	3	conformity	conformity	NOUN
taxlaw-13768	408	4	with	with	ADP
taxlaw-13768	408	5	the	the	DET
taxlaw-13768	408	6	section	section	NOUN
taxlaw-13768	408	7	362	362	NUM
taxlaw-13768	408	8	imported	import	VERB
taxlaw-13768	408	9	loss	loss	NOUN
taxlaw-13768	408	10	rule	rule	NOUN
taxlaw-13768	408	11	,	,	PUNCT
taxlaw-13768	408	12	the	the	DET
taxlaw-13768	408	13	regulations	regulation	NOUN
taxlaw-13768	408	14	could	could	AUX
taxlaw-13768	408	15	limit	limit	VERB
taxlaw-13768	408	16	any	any	DET
taxlaw-13768	408	17	imported	import	VERB
taxlaw-13768	408	18	net	net	ADJ
taxlaw-13768	408	19	operating	operating	NOUN
taxlaw-13768	408	20	loss	loss	NOUN
taxlaw-13768	408	21	(	(	PUNCT
taxlaw-13768	408	22	“	"	PUNCT
taxlaw-13768	408	23	nol	nol	NOUN
taxlaw-13768	408	24	”	"	PUNCT
taxlaw-13768	408	25	)	)	PUNCT
taxlaw-13768	408	26	.	.	PUNCT
taxlaw-13768	409	1	technically	technically	ADV
taxlaw-13768	409	2	,	,	PUNCT
taxlaw-13768	409	3	however	however	ADV
taxlaw-13768	409	4	,	,	PUNCT
taxlaw-13768	409	5	the	the	DET
taxlaw-13768	409	6	only	only	ADJ
taxlaw-13768	409	7	nol	nol	NOUN
taxlaw-13768	409	8	that	that	PRON
taxlaw-13768	409	9	could	could	AUX
taxlaw-13768	409	10	be	be	AUX
taxlaw-13768	409	11	imported	import	VERB
taxlaw-13768	409	12	would	would	AUX
taxlaw-13768	409	13	be	be	AUX
taxlaw-13768	409	14	one	one	NUM
taxlaw-13768	409	15	arising	arise	VERB
taxlaw-13768	409	16	from	from	ADP
taxlaw-13768	409	17	effectively	effectively	ADV
taxlaw-13768	409	18	connected	connect	VERB
taxlaw-13768	409	19	gross	gross	ADJ
taxlaw-13768	409	20	income	income	NOUN
taxlaw-13768	409	21	,	,	PUNCT
taxlaw-13768	409	22	so	so	SCONJ
taxlaw-13768	409	23	there	there	PRON
taxlaw-13768	409	24	is	be	VERB
taxlaw-13768	409	25	a	a	DET
taxlaw-13768	409	26	strong	strong	ADJ
taxlaw-13768	409	27	argument	argument	NOUN
taxlaw-13768	409	28	for	for	ADP
taxlaw-13768	409	29	letting	let	VERB
taxlaw-13768	409	30	section	section	NOUN
taxlaw-13768	409	31	381	381	NUM
taxlaw-13768	409	32	apply	apply	VERB
taxlaw-13768	409	33	as	as	SCONJ
taxlaw-13768	409	34	it	it	PRON
taxlaw-13768	409	35	would	would	AUX
taxlaw-13768	409	36	in	in	ADP
taxlaw-13768	409	37	a	a	DET
taxlaw-13768	409	38	transaction	transaction	NOUN
taxlaw-13768	409	39	between	between	ADP
taxlaw-13768	409	40	two	two	NUM
taxlaw-13768	409	41	domestic	domestic	ADJ
taxlaw-13768	409	42	corporations	corporation	NOUN
taxlaw-13768	409	43	.	.	PUNCT
taxlaw-13768	410	1	2025	2025	NUM
taxlaw-13768	410	2	]	]	PUNCT
taxlaw-13768	410	3	reflections	reflection	NOUN
taxlaw-13768	410	4	on	on	ADP
taxlaw-13768	410	5	367(b	367(b	PROPN
taxlaw-13768	410	6	)	)	PUNCT
taxlaw-13768	410	7	regulations	regulation	NOUN
taxlaw-13768	410	8	and	and	CCONJ
taxlaw-13768	410	9	inbound	inbound	ADJ
taxlaw-13768	410	10	transactions	transaction	NOUN
taxlaw-13768	410	11	181	181	NUM
taxlaw-13768	410	12	e&p	e&p	PROPN
taxlaw-13768	410	13	amount	amount	NOUN
taxlaw-13768	410	14	and	and	CCONJ
taxlaw-13768	410	15	the	the	DET
taxlaw-13768	410	16	triggering	triggering	NOUN
taxlaw-13768	410	17	of	of	ADP
taxlaw-13768	410	18	gain	gain	NOUN
taxlaw-13768	410	19	eliminate	eliminate	VERB
taxlaw-13768	410	20	any	any	DET
taxlaw-13768	410	21	need	need	NOUN
taxlaw-13768	410	22	to	to	PART
taxlaw-13768	410	23	consider	consider	VERB
taxlaw-13768	410	24	further	far	ADV
taxlaw-13768	410	25	any	any	DET
taxlaw-13768	410	26	shareholder	shareholder	NOUN
taxlaw-13768	410	27	avoidance	avoidance	NOUN
taxlaw-13768	410	28	,	,	PUNCT
taxlaw-13768	410	29	so	so	SCONJ
taxlaw-13768	410	30	the	the	DET
taxlaw-13768	410	31	regulations	regulation	NOUN
taxlaw-13768	410	32	are	be	AUX
taxlaw-13768	410	33	silent	silent	ADJ
taxlaw-13768	410	34	.	.	PUNCT
taxlaw-13768	411	1	in	in	ADP
taxlaw-13768	411	2	that	that	DET
taxlaw-13768	411	3	context	context	NOUN
taxlaw-13768	411	4	,	,	PUNCT
taxlaw-13768	411	5	it	it	PRON
taxlaw-13768	411	6	is	be	AUX
taxlaw-13768	411	7	helpful	helpful	ADJ
taxlaw-13768	411	8	to	to	PART
taxlaw-13768	411	9	review	review	VERB
taxlaw-13768	411	10	the	the	DET
taxlaw-13768	411	11	history	history	NOUN
taxlaw-13768	411	12	of	of	ADP
taxlaw-13768	411	13	the	the	DET
taxlaw-13768	411	14	regulations	regulation	NOUN
taxlaw-13768	411	15	’	'	PUNCT
taxlaw-13768	411	16	treatment	treatment	NOUN
taxlaw-13768	411	17	of	of	ADP
taxlaw-13768	411	18	section	section	NOUN
taxlaw-13768	411	19	1248	1248	NUM
taxlaw-13768	411	20	shareholders	shareholder	NOUN
taxlaw-13768	411	21	and	and	CCONJ
taxlaw-13768	411	22	other	other	ADJ
taxlaw-13768	411	23	shareholders	shareholder	NOUN
taxlaw-13768	411	24	in	in	ADP
taxlaw-13768	411	25	inbound	inbound	ADJ
taxlaw-13768	411	26	stock	stock	NOUN
taxlaw-13768	411	27	reorganizations	reorganization	NOUN
taxlaw-13768	411	28	(	(	PUNCT
taxlaw-13768	411	29	i.e.	i.e.	X
taxlaw-13768	411	30	,	,	PUNCT
taxlaw-13768	411	31	reorganizations	reorganization	NOUN
taxlaw-13768	411	32	under	under	ADP
taxlaw-13768	411	33	section	section	NOUN
taxlaw-13768	411	34	368(a)(1)(b	368(a)(1)(b	PROPN
taxlaw-13768	411	35	)	)	PUNCT
taxlaw-13768	411	36	or	or	CCONJ
taxlaw-13768	411	37	(	(	PUNCT
taxlaw-13768	411	38	a)(2)(e	a)(2)(e	NOUN
taxlaw-13768	411	39	)	)	PUNCT
taxlaw-13768	411	40	)	)	PUNCT
taxlaw-13768	411	41	where	where	SCONJ
taxlaw-13768	411	42	shareholder	shareholder	NOUN
taxlaw-13768	411	43	level	level	NOUN
taxlaw-13768	411	44	avoidance	avoidance	NOUN
taxlaw-13768	411	45	does	do	AUX
taxlaw-13768	411	46	need	need	VERB
taxlaw-13768	411	47	to	to	PART
taxlaw-13768	411	48	be	be	AUX
taxlaw-13768	411	49	separately	separately	ADV
taxlaw-13768	411	50	considered	consider	VERB
taxlaw-13768	411	51	.	.	PUNCT
taxlaw-13768	412	1	the	the	DET
taxlaw-13768	412	2	1977	1977	NUM
taxlaw-13768	412	3	temporary	temporary	ADJ
taxlaw-13768	412	4	regulations	regulation	NOUN
taxlaw-13768	412	5	recognized	recognize	VERB
taxlaw-13768	412	6	a	a	DET
taxlaw-13768	412	7	potential	potential	NOUN
taxlaw-13768	412	8	for	for	ADP
taxlaw-13768	412	9	shareholder	shareholder	NOUN
taxlaw-13768	412	10	level	level	NOUN
taxlaw-13768	412	11	tax	tax	NOUN
taxlaw-13768	412	12	avoidance	avoidance	NOUN
taxlaw-13768	412	13	when	when	SCONJ
taxlaw-13768	412	14	a	a	DET
taxlaw-13768	412	15	u.s	u.s	PROPN
taxlaw-13768	412	16	.	.	PROPN
taxlaw-13768	412	17	shareholder	shareholder	NOUN
taxlaw-13768	412	18	of	of	ADP
taxlaw-13768	412	19	a	a	DET
taxlaw-13768	412	20	cfc	cfc	NOUN
taxlaw-13768	412	21	exchanges	exchange	NOUN
taxlaw-13768	412	22	stock	stock	VERB
taxlaw-13768	412	23	in	in	ADP
taxlaw-13768	412	24	the	the	DET
taxlaw-13768	412	25	cfc	cfc	NOUN
taxlaw-13768	412	26	for	for	ADP
taxlaw-13768	412	27	stock	stock	NOUN
taxlaw-13768	412	28	in	in	ADP
taxlaw-13768	412	29	a	a	DET
taxlaw-13768	412	30	domestic	domestic	ADJ
taxlaw-13768	412	31	corporation	corporation	NOUN
taxlaw-13768	412	32	.	.	PUNCT
taxlaw-13768	413	1	thus	thus	ADV
taxlaw-13768	413	2	,	,	PUNCT
taxlaw-13768	413	3	the	the	DET
taxlaw-13768	413	4	regulation	regulation	NOUN
taxlaw-13768	413	5	(	(	PUNCT
taxlaw-13768	413	6	reg	reg	NOUN
taxlaw-13768	413	7	.	.	PUNCT
taxlaw-13768	414	1	§	§	PROPN
taxlaw-13768	414	2	7.367(b)-7	7.367(b)-7	NUM
taxlaw-13768	414	3	)	)	PUNCT
taxlaw-13768	414	4	required	require	VERB
taxlaw-13768	414	5	an	an	DET
taxlaw-13768	414	6	inclusion	inclusion	NOUN
taxlaw-13768	414	7	of	of	ADP
taxlaw-13768	414	8	the	the	DET
taxlaw-13768	414	9	section	section	NOUN
taxlaw-13768	414	10	1248	1248	NUM
taxlaw-13768	414	11	amount	amount	NOUN
taxlaw-13768	414	12	by	by	ADP
taxlaw-13768	414	13	the	the	DET
taxlaw-13768	414	14	exchanging	exchange	VERB
taxlaw-13768	414	15	section	section	NOUN
taxlaw-13768	414	16	1248	1248	NUM
taxlaw-13768	414	17	shareholder	shareholder	NOUN
taxlaw-13768	414	18	,	,	PUNCT
taxlaw-13768	414	19	in	in	ADP
taxlaw-13768	414	20	a	a	DET
taxlaw-13768	414	21	manner	manner	NOUN
taxlaw-13768	414	22	similar	similar	ADJ
taxlaw-13768	414	23	to	to	ADP
taxlaw-13768	414	24	the	the	DET
taxlaw-13768	414	25	inclusion	inclusion	NOUN
taxlaw-13768	414	26	had	have	VERB
taxlaw-13768	414	27	the	the	DET
taxlaw-13768	414	28	shares	share	NOUN
taxlaw-13768	414	29	been	be	AUX
taxlaw-13768	414	30	exchanged	exchange	VERB
taxlaw-13768	414	31	for	for	ADP
taxlaw-13768	414	32	stock	stock	NOUN
taxlaw-13768	414	33	in	in	ADP
taxlaw-13768	414	34	a	a	DET
taxlaw-13768	414	35	foreign	foreign	ADJ
taxlaw-13768	414	36	corporation	corporation	NOUN
taxlaw-13768	414	37	that	that	PRON
taxlaw-13768	414	38	was	be	AUX
taxlaw-13768	414	39	not	not	PART
taxlaw-13768	414	40	a	a	DET
taxlaw-13768	414	41	cfc	cfc	NOUN
taxlaw-13768	414	42	or	or	CCONJ
taxlaw-13768	414	43	with	with	ADP
taxlaw-13768	414	44	respect	respect	NOUN
taxlaw-13768	414	45	to	to	ADP
taxlaw-13768	414	46	which	which	PRON
taxlaw-13768	414	47	the	the	DET
taxlaw-13768	414	48	exchanging	exchanging	NOUN
taxlaw-13768	414	49	section	section	NOUN
taxlaw-13768	414	50	1248	1248	NUM
taxlaw-13768	414	51	shareholder	shareholder	NOUN
taxlaw-13768	414	52	was	be	AUX
taxlaw-13768	414	53	not	not	PART
taxlaw-13768	414	54	a	a	DET
taxlaw-13768	414	55	section	section	NOUN
taxlaw-13768	414	56	1248	1248	NUM
taxlaw-13768	414	57	shareholder	shareholder	NOUN
taxlaw-13768	414	58	.	.	PUNCT
taxlaw-13768	415	1	that	that	DET
taxlaw-13768	415	2	provision	provision	NOUN
taxlaw-13768	415	3	thus	thus	ADV
taxlaw-13768	415	4	triggered	trigger	VERB
taxlaw-13768	415	5	the	the	DET
taxlaw-13768	415	6	section	section	NOUN
taxlaw-13768	415	7	1248(c)(2	1248(c)(2	NOUN
taxlaw-13768	415	8	)	)	PUNCT
taxlaw-13768	415	9	amount	amount	NOUN
taxlaw-13768	415	10	of	of	ADP
taxlaw-13768	415	11	lower	low	ADJ
taxlaw-13768	415	12	-	-	PUNCT
taxlaw-13768	415	13	tier	tier	NOUN
taxlaw-13768	415	14	foreign	foreign	ADJ
taxlaw-13768	415	15	corporations	corporation	NOUN
taxlaw-13768	415	16	for	for	ADP
taxlaw-13768	415	17	a	a	DET
taxlaw-13768	415	18	section	section	NOUN
taxlaw-13768	415	19	1248	1248	NUM
taxlaw-13768	415	20	shareholder	shareholder	NOUN
taxlaw-13768	415	21	.	.	PUNCT
taxlaw-13768	416	1	the	the	DET
taxlaw-13768	416	2	1991	1991	NUM
taxlaw-13768	416	3	proposed	propose	VERB
taxlaw-13768	416	4	regulations	regulation	NOUN
taxlaw-13768	416	5	and	and	CCONJ
taxlaw-13768	416	6	the	the	DET
taxlaw-13768	416	7	2000	2000	NUM
taxlaw-13768	416	8	final	final	ADJ
taxlaw-13768	416	9	regulations	regulation	NOUN
taxlaw-13768	416	10	took	take	VERB
taxlaw-13768	416	11	a	a	DET
taxlaw-13768	416	12	different	different	ADJ
taxlaw-13768	416	13	approach	approach	NOUN
taxlaw-13768	416	14	,	,	PUNCT
taxlaw-13768	416	15	concluding	conclude	VERB
taxlaw-13768	416	16	that	that	SCONJ
taxlaw-13768	416	17	the	the	DET
taxlaw-13768	416	18	provision	provision	NOUN
taxlaw-13768	416	19	,	,	PUNCT
taxlaw-13768	416	20	as	as	SCONJ
taxlaw-13768	416	21	applied	apply	VERB
taxlaw-13768	416	22	to	to	ADP
taxlaw-13768	416	23	an	an	DET
taxlaw-13768	416	24	exchange	exchange	NOUN
taxlaw-13768	416	25	for	for	ADP
taxlaw-13768	416	26	domestic	domestic	ADJ
taxlaw-13768	416	27	corporation	corporation	NOUN
taxlaw-13768	416	28	stock	stock	NOUN
taxlaw-13768	416	29	,	,	PUNCT
taxlaw-13768	416	30	was	be	AUX
taxlaw-13768	416	31	unnecessary	unnecessary	ADJ
taxlaw-13768	416	32	because	because	SCONJ
taxlaw-13768	416	33	,	,	PUNCT
taxlaw-13768	416	34	though	though	SCONJ
taxlaw-13768	416	35	not	not	PART
taxlaw-13768	416	36	explicitly	explicitly	ADV
taxlaw-13768	416	37	stated	state	VERB
taxlaw-13768	416	38	,	,	PUNCT
taxlaw-13768	416	39	the	the	DET
taxlaw-13768	416	40	acquiring	acquire	VERB
taxlaw-13768	416	41	corporation	corporation	NOUN
taxlaw-13768	416	42	would	would	AUX
taxlaw-13768	416	43	inherit	inherit	VERB
taxlaw-13768	416	44	the	the	DET
taxlaw-13768	416	45	section	section	NOUN
taxlaw-13768	416	46	1248	1248	NUM
taxlaw-13768	416	47	amount	amount	NOUN
taxlaw-13768	416	48	of	of	ADP
taxlaw-13768	416	49	the	the	DET
taxlaw-13768	416	50	exchanging	exchange	VERB
taxlaw-13768	416	51	section	section	NOUN
taxlaw-13768	416	52	1248	1248	NUM
taxlaw-13768	416	53	shareholder	shareholder	NOUN
taxlaw-13768	416	54	.	.	PUNCT
taxlaw-13768	417	1	even	even	ADV
taxlaw-13768	417	2	then	then	ADV
taxlaw-13768	417	3	,	,	PUNCT
taxlaw-13768	417	4	it	it	PRON
taxlaw-13768	417	5	is	be	AUX
taxlaw-13768	417	6	not	not	PART
taxlaw-13768	417	7	clear	clear	ADJ
taxlaw-13768	417	8	this	this	DET
taxlaw-13768	417	9	change	change	NOUN
taxlaw-13768	417	10	in	in	ADP
taxlaw-13768	417	11	direction	direction	NOUN
taxlaw-13768	417	12	was	be	AUX
taxlaw-13768	417	13	justified	justify	VERB
taxlaw-13768	417	14	,	,	PUNCT
taxlaw-13768	417	15	for	for	ADP
taxlaw-13768	417	16	two	two	NUM
taxlaw-13768	417	17	reasons	reason	NOUN
taxlaw-13768	417	18	.	.	PUNCT
taxlaw-13768	418	1	first	first	ADV
taxlaw-13768	418	2	,	,	PUNCT
taxlaw-13768	418	3	the	the	DET
taxlaw-13768	418	4	treatment	treatment	NOUN
taxlaw-13768	418	5	to	to	ADP
taxlaw-13768	418	6	individual	individual	ADJ
taxlaw-13768	418	7	section	section	NOUN
taxlaw-13768	418	8	1248	1248	NUM
taxlaw-13768	418	9	shareholders	shareholder	NOUN
taxlaw-13768	418	10	exchanging	exchange	VERB
taxlaw-13768	418	11	stock	stock	NOUN
taxlaw-13768	418	12	in	in	ADP
taxlaw-13768	418	13	a	a	DET
taxlaw-13768	418	14	foreign	foreign	ADJ
taxlaw-13768	418	15	corporation	corporation	NOUN
taxlaw-13768	418	16	differed	differ	VERB
taxlaw-13768	418	17	substantially	substantially	ADV
taxlaw-13768	418	18	from	from	ADP
taxlaw-13768	418	19	the	the	DET
taxlaw-13768	418	20	treatment	treatment	NOUN
taxlaw-13768	418	21	of	of	ADP
taxlaw-13768	418	22	foreign	foreign	ADJ
taxlaw-13768	418	23	corporate	corporate	ADJ
taxlaw-13768	418	24	distributions	distribution	NOUN
taxlaw-13768	418	25	to	to	ADP
taxlaw-13768	418	26	acquiring	acquire	VERB
taxlaw-13768	418	27	domestic	domestic	ADJ
taxlaw-13768	418	28	corporations	corporation	NOUN
taxlaw-13768	418	29	eligible	eligible	ADJ
taxlaw-13768	418	30	for	for	ADP
taxlaw-13768	418	31	the	the	DET
taxlaw-13768	418	32	foreign	foreign	ADJ
taxlaw-13768	418	33	tax	tax	NOUN
taxlaw-13768	418	34	credit	credit	NOUN
taxlaw-13768	418	35	.	.	PUNCT
taxlaw-13768	419	1	second	second	ADJ
taxlaw-13768	419	2	,	,	PUNCT
taxlaw-13768	419	3	for	for	ADP
taxlaw-13768	419	4	corporate	corporate	ADJ
taxlaw-13768	419	5	shareholders	shareholder	NOUN
taxlaw-13768	419	6	exchanging	exchange	VERB
taxlaw-13768	419	7	stock	stock	NOUN
taxlaw-13768	419	8	in	in	ADP
taxlaw-13768	419	9	a	a	DET
taxlaw-13768	419	10	foreign	foreign	ADJ
taxlaw-13768	419	11	corporation	corporation	NOUN
taxlaw-13768	419	12	,	,	PUNCT
taxlaw-13768	419	13	a	a	DET
taxlaw-13768	419	14	section	section	NOUN
taxlaw-13768	419	15	1248	1248	NUM
taxlaw-13768	419	16	inclusion	inclusion	NOUN
taxlaw-13768	419	17	can	can	AUX
taxlaw-13768	419	18	often	often	ADV
taxlaw-13768	419	19	be	be	AUX
taxlaw-13768	419	20	advantageous	advantageous	ADJ
taxlaw-13768	419	21	due	due	ADP
taxlaw-13768	419	22	to	to	ADP
taxlaw-13768	419	23	the	the	DET
taxlaw-13768	419	24	accompanying	accompanying	ADJ
taxlaw-13768	419	25	foreign	foreign	ADJ
taxlaw-13768	419	26	tax	tax	NOUN
taxlaw-13768	419	27	credit	credit	NOUN
taxlaw-13768	419	28	and	and	CCONJ
taxlaw-13768	419	29	basis	basis	NOUN
taxlaw-13768	419	30	step	step	NOUN
taxlaw-13768	419	31	-	-	PUNCT
taxlaw-13768	419	32	up	up	NOUN
taxlaw-13768	419	33	—	—	PUNCT
taxlaw-13768	419	34	benefits	benefit	NOUN
taxlaw-13768	419	35	that	that	PRON
taxlaw-13768	419	36	,	,	PUNCT
taxlaw-13768	419	37	absent	absent	ADJ
taxlaw-13768	419	38	a	a	DET
taxlaw-13768	419	39	recognition	recognition	NOUN
taxlaw-13768	419	40	event	event	NOUN
taxlaw-13768	419	41	,	,	PUNCT
taxlaw-13768	419	42	pass	pass	VERB
taxlaw-13768	419	43	on	on	ADP
taxlaw-13768	419	44	to	to	ADP
taxlaw-13768	419	45	the	the	DET
taxlaw-13768	419	46	acquiring	acquire	VERB
taxlaw-13768	419	47	corporation.78	corporation.78	NOUN
taxlaw-13768	419	48	in	in	ADP
taxlaw-13768	419	49	today	today	NOUN
taxlaw-13768	419	50	’s	’s	PART
taxlaw-13768	419	51	world	world	NOUN
taxlaw-13768	419	52	,	,	PUNCT
taxlaw-13768	419	53	the	the	DET
taxlaw-13768	419	54	2000	2000	NUM
taxlaw-13768	419	55	final	final	ADJ
taxlaw-13768	419	56	regulations	regulation	NOUN
taxlaw-13768	419	57	are	be	AUX
taxlaw-13768	419	58	perhaps	perhaps	ADV
taxlaw-13768	419	59	even	even	ADV
taxlaw-13768	419	60	more	more	ADV
taxlaw-13768	419	61	questionable	questionable	ADJ
taxlaw-13768	419	62	given	give	VERB
taxlaw-13768	419	63	the	the	DET
taxlaw-13768	419	64	section	section	NOUN
taxlaw-13768	419	65	245a	245a	ADJ
taxlaw-13768	419	66	deduction	deduction	NOUN
taxlaw-13768	419	67	and	and	CCONJ
taxlaw-13768	419	68	basis	basis	NOUN
taxlaw-13768	419	69	step	step	NOUN
taxlaw-13768	419	70	up	up	ADP
taxlaw-13768	419	71	for	for	ADP
taxlaw-13768	419	72	corporate	corporate	ADJ
taxlaw-13768	419	73	shareholders	shareholder	NOUN
taxlaw-13768	419	74	.	.	PUNCT
taxlaw-13768	420	1	nonetheless	nonetheless	ADV
taxlaw-13768	420	2	,	,	PUNCT
taxlaw-13768	420	3	the	the	DET
taxlaw-13768	420	4	regulation	regulation	NOUN
taxlaw-13768	420	5	writers	writer	NOUN
taxlaw-13768	420	6	were	be	AUX
taxlaw-13768	420	7	apparently	apparently	ADV
taxlaw-13768	420	8	of	of	ADP
taxlaw-13768	420	9	the	the	DET
taxlaw-13768	420	10	view	view	NOUN
taxlaw-13768	420	11	that	that	SCONJ
taxlaw-13768	420	12	preserving	preserve	VERB
taxlaw-13768	420	13	the	the	DET
taxlaw-13768	420	14	section	section	NOUN
taxlaw-13768	420	15	1248	1248	NUM
taxlaw-13768	420	16	amount	amount	NOUN
taxlaw-13768	420	17	was	be	AUX
taxlaw-13768	420	18	sufficient	sufficient	ADJ
taxlaw-13768	420	19	to	to	PART
taxlaw-13768	420	20	satisfy	satisfy	VERB
taxlaw-13768	420	21	the	the	DET
taxlaw-13768	420	22	avoidance	avoidance	NOUN
taxlaw-13768	420	23	standard	standard	NOUN
taxlaw-13768	420	24	of	of	ADP
taxlaw-13768	420	25	section	section	NOUN
taxlaw-13768	420	26	367(b	367(b	PROPN
taxlaw-13768	420	27	)	)	PUNCT
taxlaw-13768	420	28	even	even	ADV
taxlaw-13768	420	29	though	though	SCONJ
taxlaw-13768	420	30	that	that	DET
taxlaw-13768	420	31	result	result	NOUN
taxlaw-13768	420	32	advantaged	advantage	VERB
taxlaw-13768	420	33	some	some	DET
taxlaw-13768	420	34	shareholders	shareholder	NOUN
taxlaw-13768	420	35	and	and	CCONJ
taxlaw-13768	420	36	disadvantaged	disadvantaged	ADJ
taxlaw-13768	420	37	others	other	NOUN
taxlaw-13768	420	38	.	.	PUNCT
taxlaw-13768	421	1	of	of	ADP
taxlaw-13768	421	2	note	note	NOUN
taxlaw-13768	421	3	is	be	AUX
taxlaw-13768	421	4	that	that	SCONJ
taxlaw-13768	421	5	,	,	PUNCT
taxlaw-13768	421	6	even	even	ADV
taxlaw-13768	421	7	from	from	ADP
taxlaw-13768	421	8	the	the	DET
taxlaw-13768	421	9	perspective	perspective	NOUN
taxlaw-13768	421	10	of	of	ADP
taxlaw-13768	421	11	the	the	DET
taxlaw-13768	421	12	1977	1977	NUM
taxlaw-13768	421	13	temporary	temporary	ADJ
taxlaw-13768	421	14	regulations	regulation	NOUN
taxlaw-13768	421	15	,	,	PUNCT
taxlaw-13768	421	16	the	the	DET
taxlaw-13768	421	17	regulations	regulation	NOUN
taxlaw-13768	421	18	drafters	drafter	NOUN
taxlaw-13768	421	19	did	do	AUX
taxlaw-13768	421	20	not	not	PART
taxlaw-13768	421	21	see	see	VERB
taxlaw-13768	421	22	other	other	ADJ
taxlaw-13768	421	23	taxpayer	taxpayer	NOUN
taxlaw-13768	421	24	favorable	favorable	ADJ
taxlaw-13768	421	25	results	result	NOUN
taxlaw-13768	421	26	from	from	ADP
taxlaw-13768	421	27	the	the	DET
taxlaw-13768	421	28	transaction	transaction	NOUN
taxlaw-13768	421	29	as	as	ADP
taxlaw-13768	421	30	a	a	DET
taxlaw-13768	421	31	distortion	distortion	NOUN
taxlaw-13768	421	32	that	that	PRON
taxlaw-13768	421	33	constituted	constitute	VERB
taxlaw-13768	421	34	avoidance	avoidance	NOUN
taxlaw-13768	421	35	.	.	PUNCT
taxlaw-13768	422	1	for	for	ADP
taxlaw-13768	422	2	example	example	NOUN
taxlaw-13768	422	3	,	,	PUNCT
taxlaw-13768	422	4	the	the	DET
taxlaw-13768	422	5	fact	fact	NOUN
taxlaw-13768	422	6	that	that	SCONJ
taxlaw-13768	422	7	after	after	ADP
taxlaw-13768	422	8	the	the	DET
taxlaw-13768	422	9	exchange	exchange	NOUN
taxlaw-13768	422	10	a	a	DET
taxlaw-13768	422	11	corporate	corporate	ADJ
taxlaw-13768	422	12	holder	holder	NOUN
taxlaw-13768	422	13	of	of	ADP
taxlaw-13768	422	14	stock	stock	NOUN
taxlaw-13768	422	15	was	be	AUX
taxlaw-13768	422	16	eligible	eligible	ADJ
taxlaw-13768	422	17	for	for	ADP
taxlaw-13768	422	18	a	a	DET
taxlaw-13768	422	19	dividendsreceived	dividendsreceive	VERB
taxlaw-13768	422	20	deduction	deduction	NOUN
taxlaw-13768	422	21	on	on	ADP
taxlaw-13768	422	22	any	any	DET
taxlaw-13768	422	23	dividend	dividend	NOUN
taxlaw-13768	422	24	paid	pay	VERB
taxlaw-13768	422	25	by	by	ADP
taxlaw-13768	422	26	the	the	DET
taxlaw-13768	422	27	acquiring	acquire	VERB
taxlaw-13768	422	28	domestic	domestic	ADJ
taxlaw-13768	422	29	corporation	corporation	NOUN
taxlaw-13768	422	30	was	be	AUX
taxlaw-13768	422	31	not	not	PART
taxlaw-13768	422	32	viewed	view	VERB
taxlaw-13768	422	33	as	as	ADP
taxlaw-13768	422	34	an	an	DET
taxlaw-13768	422	35	avoidance	avoidance	NOUN
taxlaw-13768	422	36	.	.	PUNCT
taxlaw-13768	423	1	subsequent	subsequent	ADJ
taxlaw-13768	423	2	to	to	ADP
taxlaw-13768	423	3	the	the	DET
taxlaw-13768	423	4	temporary	temporary	ADJ
taxlaw-13768	423	5	and	and	CCONJ
taxlaw-13768	423	6	ultimately	ultimately	ADV
taxlaw-13768	423	7	the	the	DET
taxlaw-13768	423	8	2000	2000	NUM
taxlaw-13768	423	9	final	final	ADJ
taxlaw-13768	423	10	regulations	regulation	NOUN
taxlaw-13768	423	11	,	,	PUNCT
taxlaw-13768	423	12	congress	congress	PROPN
taxlaw-13768	423	13	in	in	ADP
taxlaw-13768	423	14	2002	2002	NUM
taxlaw-13768	423	15	enacted	enact	VERB
taxlaw-13768	423	16	section	section	NOUN
taxlaw-13768	423	17	1(h)(11	1(h)(11	NUM
taxlaw-13768	423	18	)	)	PUNCT
taxlaw-13768	423	19	,	,	PUNCT
taxlaw-13768	423	20	providing	provide	VERB
taxlaw-13768	423	21	a	a	DET
taxlaw-13768	423	22	favorable	favorable	ADJ
taxlaw-13768	423	23	tax	tax	NOUN
taxlaw-13768	423	24	rate	rate	NOUN
taxlaw-13768	423	25	on	on	ADP
taxlaw-13768	423	26	dividends	dividend	NOUN
taxlaw-13768	423	27	from	from	ADP
taxlaw-13768	423	28	domestic	domestic	ADJ
taxlaw-13768	423	29	corporations	corporation	NOUN
taxlaw-13768	423	30	and	and	CCONJ
taxlaw-13768	423	31	certain	certain	ADJ
taxlaw-13768	423	32	foreign	foreign	ADJ
taxlaw-13768	423	33	corporations	corporation	NOUN
taxlaw-13768	423	34	.	.	PUNCT
taxlaw-13768	424	1	no	no	DET
taxlaw-13768	424	2	one	one	NOUN
taxlaw-13768	424	3	suggested	suggest	VERB
taxlaw-13768	424	4	then	then	ADV
taxlaw-13768	424	5	,	,	PUNCT
taxlaw-13768	424	6	or	or	CCONJ
taxlaw-13768	424	7	to	to	ADP
taxlaw-13768	424	8	our	our	PRON
taxlaw-13768	424	9	knowledge	knowledge	NOUN
taxlaw-13768	424	10	since	since	SCONJ
taxlaw-13768	424	11	then	then	ADV
taxlaw-13768	424	12	,	,	PUNCT
taxlaw-13768	424	13	that	that	SCONJ
taxlaw-13768	424	14	an	an	DET
taxlaw-13768	424	15	exchange	exchange	NOUN
taxlaw-13768	424	16	of	of	ADP
taxlaw-13768	424	17	stock	stock	NOUN
taxlaw-13768	424	18	in	in	ADP
taxlaw-13768	424	19	a	a	DET
taxlaw-13768	424	20	foreign	foreign	ADJ
taxlaw-13768	424	21	corporation	corporation	NOUN
taxlaw-13768	424	22	not	not	PART
taxlaw-13768	424	23	eligible	eligible	ADJ
taxlaw-13768	424	24	for	for	ADP
taxlaw-13768	424	25	the	the	DET
taxlaw-13768	424	26	favorable	favorable	ADJ
taxlaw-13768	424	27	rate	rate	NOUN
taxlaw-13768	424	28	for	for	ADP
taxlaw-13768	424	29	stock	stock	NOUN
taxlaw-13768	424	30	of	of	ADP
taxlaw-13768	424	31	a	a	DET
taxlaw-13768	424	32	domestic	domestic	ADJ
taxlaw-13768	424	33	corporation	corporation	NOUN
taxlaw-13768	424	34	creates	create	VERB
taxlaw-13768	424	35	an	an	DET
taxlaw-13768	424	36	avoidance	avoidance	NOUN
taxlaw-13768	424	37	that	that	PRON
taxlaw-13768	424	38	should	should	AUX
taxlaw-13768	424	39	be	be	AUX
taxlaw-13768	424	40	addressed	address	VERB
taxlaw-13768	424	41	.	.	PUNCT
taxlaw-13768	425	1	indeed	indeed	ADV
taxlaw-13768	425	2	,	,	PUNCT
taxlaw-13768	425	3	both	both	DET
taxlaw-13768	425	4	provisions	provision	NOUN
taxlaw-13768	425	5	are	be	AUX
taxlaw-13768	425	6	evidence	evidence	NOUN
taxlaw-13768	425	7	that	that	SCONJ
taxlaw-13768	425	8	congress	congress	PROPN
taxlaw-13768	425	9	views	view	VERB
taxlaw-13768	425	10	the	the	DET
taxlaw-13768	425	11	shareholder	shareholder	NOUN
taxlaw-13768	425	12	tax	tax	NOUN
taxlaw-13768	425	13	on	on	ADP
taxlaw-13768	425	14	78	78	NUM
taxlaw-13768	425	15	the	the	DET
taxlaw-13768	425	16	section	section	NOUN
taxlaw-13768	425	17	1248	1248	NUM
taxlaw-13768	425	18	inclusion	inclusion	NOUN
taxlaw-13768	425	19	allows	allow	VERB
taxlaw-13768	425	20	corporate	corporate	ADJ
taxlaw-13768	425	21	u.s	u.s	PROPN
taxlaw-13768	425	22	.	.	PROPN
taxlaw-13768	425	23	shareholders	shareholder	NOUN
taxlaw-13768	425	24	an	an	DET
taxlaw-13768	425	25	indirect	indirect	ADJ
taxlaw-13768	425	26	foreign	foreign	ADJ
taxlaw-13768	425	27	tax	tax	NOUN
taxlaw-13768	425	28	credit	credit	NOUN
taxlaw-13768	425	29	for	for	ADP
taxlaw-13768	425	30	a	a	DET
taxlaw-13768	425	31	proportionate	proportionate	ADJ
taxlaw-13768	425	32	amount	amount	NOUN
taxlaw-13768	425	33	of	of	ADP
taxlaw-13768	425	34	the	the	DET
taxlaw-13768	425	35	cfc	cfc	NOUN
taxlaw-13768	425	36	’s	’s	PART
taxlaw-13768	425	37	creditable	creditable	ADJ
taxlaw-13768	425	38	foreign	foreign	ADJ
taxlaw-13768	425	39	taxes	taxis	NOUN
taxlaw-13768	425	40	deemed	deem	VERB
taxlaw-13768	425	41	paid	pay	VERB
taxlaw-13768	425	42	.	.	PUNCT
taxlaw-13768	426	1	see	see	VERB
taxlaw-13768	426	2	i.r.c	i.r.c	NOUN
taxlaw-13768	426	3	.	.	PUNCT
taxlaw-13768	427	1	§	§	PROPN
taxlaw-13768	427	2	960	960	NUM
taxlaw-13768	427	3	;	;	PUNCT
taxlaw-13768	427	4	see	see	VERB
taxlaw-13768	427	5	also	also	ADV
taxlaw-13768	427	6	i.r.c	i.r.c	NOUN
taxlaw-13768	427	7	.	.	PUNCT
taxlaw-13768	428	1	§	§	PROPN
taxlaw-13768	428	2	902	902	NUM
taxlaw-13768	428	3	prior	prior	ADV
taxlaw-13768	428	4	to	to	ADP
taxlaw-13768	428	5	its	its	PRON
taxlaw-13768	428	6	repeal	repeal	NOUN
taxlaw-13768	428	7	in	in	ADP
taxlaw-13768	428	8	the	the	DET
taxlaw-13768	428	9	tcja	tcja	NOUN
taxlaw-13768	428	10	.	.	PUNCT
taxlaw-13768	429	1	182	182	NUM
taxlaw-13768	429	2	columbia	columbia	PROPN
taxlaw-13768	429	3	journal	journal	PROPN
taxlaw-13768	429	4	of	of	ADP
taxlaw-13768	429	5	tax	tax	NOUN
taxlaw-13768	429	6	law	law	NOUN
taxlaw-13768	429	7	[	[	X
taxlaw-13768	429	8	vol	vol	NOUN
taxlaw-13768	429	9	.	.	PUNCT
taxlaw-13768	430	1	16:2	16:2	NUM
taxlaw-13768	430	2	dividends	dividend	NOUN
taxlaw-13768	430	3	as	as	ADP
taxlaw-13768	430	4	a	a	DET
taxlaw-13768	430	5	separate	separate	ADJ
taxlaw-13768	430	6	tax	tax	NOUN
taxlaw-13768	430	7	,	,	PUNCT
taxlaw-13768	430	8	not	not	PART
taxlaw-13768	430	9	a	a	DET
taxlaw-13768	430	10	delayed	delay	VERB
taxlaw-13768	430	11	tax	tax	NOUN
taxlaw-13768	430	12	on	on	ADP
taxlaw-13768	430	13	corporate	corporate	ADJ
taxlaw-13768	430	14	earnings	earning	NOUN
taxlaw-13768	430	15	;	;	PUNCT
taxlaw-13768	430	16	in	in	ADP
taxlaw-13768	430	17	both	both	DET
taxlaw-13768	430	18	cases	case	NOUN
taxlaw-13768	430	19	shareholders	shareholder	NOUN
taxlaw-13768	430	20	are	be	AUX
taxlaw-13768	430	21	eligible	eligible	ADJ
taxlaw-13768	430	22	for	for	ADP
taxlaw-13768	430	23	favorable	favorable	ADJ
taxlaw-13768	430	24	treatment	treatment	NOUN
taxlaw-13768	430	25	for	for	ADP
taxlaw-13768	430	26	all	all	DET
taxlaw-13768	430	27	eligible	eligible	ADJ
taxlaw-13768	430	28	dividends	dividend	NOUN
taxlaw-13768	430	29	received	receive	VERB
taxlaw-13768	430	30	in	in	ADP
taxlaw-13768	430	31	a	a	DET
taxlaw-13768	430	32	year	year	NOUN
taxlaw-13768	430	33	,	,	PUNCT
taxlaw-13768	430	34	independent	independent	ADJ
taxlaw-13768	430	35	of	of	ADP
taxlaw-13768	430	36	when	when	SCONJ
taxlaw-13768	430	37	the	the	DET
taxlaw-13768	430	38	amounts	amount	NOUN
taxlaw-13768	430	39	were	be	AUX
taxlaw-13768	430	40	earned	earn	VERB
taxlaw-13768	430	41	and	and	CCONJ
taxlaw-13768	430	42	when	when	SCONJ
taxlaw-13768	430	43	the	the	DET
taxlaw-13768	430	44	relevant	relevant	ADJ
taxlaw-13768	430	45	shareholder	shareholder	NOUN
taxlaw-13768	430	46	acquired	acquire	VERB
taxlaw-13768	430	47	the	the	DET
taxlaw-13768	430	48	corporate	corporate	ADJ
taxlaw-13768	430	49	stock	stock	NOUN
taxlaw-13768	430	50	.	.	PUNCT
taxlaw-13768	431	1	given	give	VERB
taxlaw-13768	431	2	this	this	DET
taxlaw-13768	431	3	history	history	NOUN
taxlaw-13768	431	4	of	of	ADP
taxlaw-13768	431	5	what	what	PRON
taxlaw-13768	431	6	constitutes	constitute	VERB
taxlaw-13768	431	7	shareholder	shareholder	NOUN
taxlaw-13768	431	8	level	level	NOUN
taxlaw-13768	431	9	avoidance	avoidance	NOUN
taxlaw-13768	431	10	in	in	ADP
taxlaw-13768	431	11	inbound	inbound	ADJ
taxlaw-13768	431	12	stock	stock	NOUN
taxlaw-13768	431	13	reorganizations	reorganization	NOUN
taxlaw-13768	431	14	,	,	PUNCT
taxlaw-13768	431	15	triggering	trigger	VERB
taxlaw-13768	431	16	the	the	DET
taxlaw-13768	431	17	section	section	NOUN
taxlaw-13768	431	18	1248	1248	NUM
taxlaw-13768	431	19	amount	amount	NOUN
taxlaw-13768	431	20	for	for	ADP
taxlaw-13768	431	21	section	section	NOUN
taxlaw-13768	431	22	1248	1248	NUM
taxlaw-13768	431	23	shareholders	shareholder	NOUN
taxlaw-13768	431	24	in	in	ADP
taxlaw-13768	431	25	inbound	inbound	ADJ
taxlaw-13768	431	26	asset	asset	NOUN
taxlaw-13768	431	27	reorganizations	reorganization	NOUN
taxlaw-13768	431	28	should	should	AUX
taxlaw-13768	431	29	be	be	AUX
taxlaw-13768	431	30	sufficient	sufficient	ADJ
taxlaw-13768	431	31	to	to	PART
taxlaw-13768	431	32	deal	deal	VERB
taxlaw-13768	431	33	with	with	ADP
taxlaw-13768	431	34	any	any	DET
taxlaw-13768	431	35	section	section	NOUN
taxlaw-13768	431	36	367(b	367(b	PROPN
taxlaw-13768	431	37	)	)	PUNCT
taxlaw-13768	431	38	shareholder	shareholder	NOUN
taxlaw-13768	431	39	level	level	NOUN
taxlaw-13768	431	40	avoidance	avoidance	NOUN
taxlaw-13768	431	41	concern	concern	NOUN
taxlaw-13768	431	42	.	.	PUNCT
taxlaw-13768	432	1	but	but	CCONJ
taxlaw-13768	432	2	it	it	PRON
taxlaw-13768	432	3	does	do	AUX
taxlaw-13768	432	4	lead	lead	VERB
taxlaw-13768	432	5	to	to	ADP
taxlaw-13768	432	6	the	the	DET
taxlaw-13768	432	7	question	question	NOUN
taxlaw-13768	432	8	of	of	ADP
taxlaw-13768	432	9	whether	whether	SCONJ
taxlaw-13768	432	10	the	the	DET
taxlaw-13768	432	11	treatment	treatment	NOUN
taxlaw-13768	432	12	of	of	ADP
taxlaw-13768	432	13	inbound	inbound	ADJ
taxlaw-13768	432	14	stock	stock	NOUN
taxlaw-13768	432	15	reorganizations	reorganization	NOUN
taxlaw-13768	432	16	should	should	AUX
taxlaw-13768	432	17	be	be	AUX
taxlaw-13768	432	18	changed	change	VERB
taxlaw-13768	432	19	if	if	SCONJ
taxlaw-13768	432	20	the	the	DET
taxlaw-13768	432	21	shareholder	shareholder	NOUN
taxlaw-13768	432	22	rules	rule	NOUN
taxlaw-13768	432	23	are	be	AUX
taxlaw-13768	432	24	changed	change	VERB
taxlaw-13768	432	25	as	as	SCONJ
taxlaw-13768	432	26	described	describe	VERB
taxlaw-13768	432	27	above	above	ADV
taxlaw-13768	432	28	for	for	ADP
taxlaw-13768	432	29	inbound	inbound	ADJ
taxlaw-13768	432	30	asset	asset	NOUN
taxlaw-13768	432	31	reorganizations	reorganization	NOUN
taxlaw-13768	432	32	.	.	PUNCT
taxlaw-13768	433	1	the	the	DET
taxlaw-13768	433	2	historical	historical	ADJ
taxlaw-13768	433	3	view	view	NOUN
taxlaw-13768	433	4	on	on	ADP
taxlaw-13768	433	5	inbound	inbound	ADJ
taxlaw-13768	433	6	stock	stock	NOUN
taxlaw-13768	433	7	reorganizations	reorganization	NOUN
taxlaw-13768	433	8	was	be	AUX
taxlaw-13768	433	9	no	no	ADV
taxlaw-13768	433	10	doubt	doubt	ADV
taxlaw-13768	433	11	influenced	influence	VERB
taxlaw-13768	433	12	by	by	ADP
taxlaw-13768	433	13	the	the	DET
taxlaw-13768	433	14	fact	fact	NOUN
taxlaw-13768	433	15	that	that	SCONJ
taxlaw-13768	433	16	after	after	ADP
taxlaw-13768	433	17	a	a	DET
taxlaw-13768	433	18	stock	stock	NOUN
taxlaw-13768	433	19	acquisition	acquisition	NOUN
taxlaw-13768	433	20	of	of	ADP
taxlaw-13768	433	21	a	a	DET
taxlaw-13768	433	22	foreign	foreign	ADJ
taxlaw-13768	433	23	corporation	corporation	NOUN
taxlaw-13768	433	24	the	the	DET
taxlaw-13768	433	25	pre	pre	NOUN
taxlaw-13768	433	26	-	-	NOUN
taxlaw-13768	433	27	acquisition	acquisition	ADJ
taxlaw-13768	433	28	e&p	e&p	NOUN
taxlaw-13768	433	29	of	of	ADP
taxlaw-13768	433	30	the	the	DET
taxlaw-13768	433	31	acquired	acquire	VERB
taxlaw-13768	433	32	corporation	corporation	NOUN
taxlaw-13768	433	33	would	would	AUX
taxlaw-13768	433	34	be	be	AUX
taxlaw-13768	433	35	subject	subject	ADJ
taxlaw-13768	433	36	to	to	ADP
taxlaw-13768	433	37	u.s	u.s	PROPN
taxlaw-13768	433	38	.	.	PROPN
taxlaw-13768	433	39	tax	tax	NOUN
taxlaw-13768	433	40	if	if	SCONJ
taxlaw-13768	433	41	distributed	distribute	VERB
taxlaw-13768	433	42	to	to	ADP
taxlaw-13768	433	43	the	the	DET
taxlaw-13768	433	44	acquiring	acquire	VERB
taxlaw-13768	433	45	u.s	u.s	PROPN
taxlaw-13768	433	46	.	.	PROPN
taxlaw-13768	433	47	corporation	corporation	PROPN
taxlaw-13768	433	48	and	and	CCONJ
taxlaw-13768	433	49	the	the	DET
taxlaw-13768	433	50	u.s	u.s	PROPN
taxlaw-13768	433	51	.	.	PROPN
taxlaw-13768	433	52	corporation	corporation	NOUN
taxlaw-13768	433	53	would	would	AUX
taxlaw-13768	433	54	inherit	inherit	VERB
taxlaw-13768	433	55	the	the	DET
taxlaw-13768	433	56	exchanging	exchanging	NOUN
taxlaw-13768	433	57	section	section	NOUN
taxlaw-13768	433	58	1248	1248	NUM
taxlaw-13768	433	59	shareholder	shareholder	NOUN
taxlaw-13768	433	60	’s	’s	PART
taxlaw-13768	433	61	section	section	NOUN
taxlaw-13768	433	62	1248	1248	NUM
taxlaw-13768	433	63	amount	amount	NOUN
taxlaw-13768	433	64	.	.	PUNCT
taxlaw-13768	434	1	but	but	CCONJ
taxlaw-13768	434	2	,	,	PUNCT
taxlaw-13768	434	3	after	after	ADP
taxlaw-13768	434	4	the	the	DET
taxlaw-13768	434	5	enactment	enactment	NOUN
taxlaw-13768	434	6	of	of	ADP
taxlaw-13768	434	7	section	section	NOUN
taxlaw-13768	434	8	245a	245a	PROPN
taxlaw-13768	434	9	,	,	PUNCT
taxlaw-13768	434	10	both	both	PRON
taxlaw-13768	434	11	distributed	distribute	VERB
taxlaw-13768	434	12	earnings	earning	NOUN
taxlaw-13768	434	13	and	and	CCONJ
taxlaw-13768	434	14	section	section	NOUN
taxlaw-13768	434	15	1248	1248	NUM
taxlaw-13768	434	16	amounts	amount	NOUN
taxlaw-13768	434	17	will	will	AUX
taxlaw-13768	434	18	likely	likely	ADV
taxlaw-13768	434	19	be	be	AUX
taxlaw-13768	434	20	substantially	substantially	ADV
taxlaw-13768	434	21	exempt	exempt	ADJ
taxlaw-13768	434	22	.	.	PUNCT
taxlaw-13768	435	1	thus	thus	ADV
taxlaw-13768	435	2	,	,	PUNCT
taxlaw-13768	435	3	avoidance	avoidance	NOUN
taxlaw-13768	435	4	arguably	arguably	ADV
taxlaw-13768	435	5	can	can	AUX
taxlaw-13768	435	6	occur	occur	VERB
taxlaw-13768	435	7	with	with	ADP
taxlaw-13768	435	8	respect	respect	NOUN
taxlaw-13768	435	9	to	to	ADP
taxlaw-13768	435	10	the	the	DET
taxlaw-13768	435	11	section	section	NOUN
taxlaw-13768	435	12	1248	1248	NUM
taxlaw-13768	435	13	amounts	amount	NOUN
taxlaw-13768	435	14	of	of	ADP
taxlaw-13768	435	15	exchanging	exchange	VERB
taxlaw-13768	435	16	individual	individual	ADJ
taxlaw-13768	435	17	section	section	NOUN
taxlaw-13768	435	18	1248	1248	NUM
taxlaw-13768	435	19	shareholders	shareholder	NOUN
taxlaw-13768	435	20	.	.	PUNCT
taxlaw-13768	436	1	whether	whether	SCONJ
taxlaw-13768	436	2	that	that	PRON
taxlaw-13768	436	3	is	be	AUX
taxlaw-13768	436	4	a	a	DET
taxlaw-13768	436	5	concern	concern	NOUN
taxlaw-13768	436	6	or	or	CCONJ
taxlaw-13768	436	7	not	not	PART
taxlaw-13768	436	8	,	,	PUNCT
taxlaw-13768	436	9	we	we	PRON
taxlaw-13768	436	10	leave	leave	VERB
taxlaw-13768	436	11	to	to	ADP
taxlaw-13768	436	12	others	other	NOUN
taxlaw-13768	436	13	to	to	PART
taxlaw-13768	436	14	ponder	ponder	VERB
taxlaw-13768	436	15	;	;	PUNCT
taxlaw-13768	436	16	suffice	suffice	VERB
taxlaw-13768	436	17	it	it	PRON
taxlaw-13768	436	18	to	to	PART
taxlaw-13768	436	19	say	say	VERB
taxlaw-13768	436	20	here	here	ADV
taxlaw-13768	436	21	that	that	SCONJ
taxlaw-13768	436	22	if	if	SCONJ
taxlaw-13768	436	23	the	the	DET
taxlaw-13768	436	24	regulations	regulation	NOUN
taxlaw-13768	436	25	are	be	AUX
taxlaw-13768	436	26	changed	change	VERB
taxlaw-13768	436	27	to	to	PART
taxlaw-13768	436	28	pick	pick	VERB
taxlaw-13768	436	29	up	up	ADP
taxlaw-13768	436	30	the	the	DET
taxlaw-13768	436	31	section	section	NOUN
taxlaw-13768	436	32	1248	1248	NUM
taxlaw-13768	436	33	amount	amount	NOUN
taxlaw-13768	436	34	of	of	ADP
taxlaw-13768	436	35	section	section	NOUN
taxlaw-13768	436	36	1248	1248	NUM
taxlaw-13768	436	37	shareholders	shareholder	NOUN
taxlaw-13768	436	38	in	in	ADP
taxlaw-13768	436	39	an	an	DET
taxlaw-13768	436	40	inbound	inbound	ADJ
taxlaw-13768	436	41	asset	asset	NOUN
taxlaw-13768	436	42	reorganization	reorganization	NOUN
taxlaw-13768	436	43	,	,	PUNCT
taxlaw-13768	436	44	it	it	PRON
taxlaw-13768	436	45	is	be	AUX
taxlaw-13768	436	46	worth	worth	ADJ
taxlaw-13768	436	47	considering	consider	VERB
taxlaw-13768	436	48	the	the	DET
taxlaw-13768	436	49	same	same	ADJ
taxlaw-13768	436	50	result	result	NOUN
taxlaw-13768	436	51	in	in	ADP
taxlaw-13768	436	52	inbound	inbound	ADJ
taxlaw-13768	436	53	stock	stock	NOUN
taxlaw-13768	436	54	reorganizations	reorganization	NOUN
taxlaw-13768	436	55	.	.	PUNCT
taxlaw-13768	437	1	in	in	ADP
taxlaw-13768	437	2	any	any	DET
taxlaw-13768	437	3	case	case	NOUN
taxlaw-13768	437	4	,	,	PUNCT
taxlaw-13768	437	5	that	that	DET
taxlaw-13768	437	6	consideration	consideration	NOUN
taxlaw-13768	437	7	should	should	AUX
taxlaw-13768	437	8	not	not	PART
taxlaw-13768	437	9	extend	extend	VERB
taxlaw-13768	437	10	beyond	beyond	ADP
taxlaw-13768	437	11	the	the	DET
taxlaw-13768	437	12	treatment	treatment	NOUN
taxlaw-13768	437	13	of	of	ADP
taxlaw-13768	437	14	section	section	NOUN
taxlaw-13768	437	15	1248	1248	NUM
taxlaw-13768	437	16	shareholders	shareholder	NOUN
taxlaw-13768	437	17	and	and	CCONJ
taxlaw-13768	437	18	u.s	u.s	PROPN
taxlaw-13768	437	19	.	.	PROPN
taxlaw-13768	437	20	shareholders	shareholder	NOUN
taxlaw-13768	437	21	holding	hold	VERB
taxlaw-13768	437	22	hybrid	hybrid	ADJ
taxlaw-13768	437	23	dividend	dividend	NOUN
taxlaw-13768	437	24	accounts	account	NOUN
taxlaw-13768	437	25	in	in	ADP
taxlaw-13768	437	26	a	a	DET
taxlaw-13768	437	27	cfc	cfc	NOUN
taxlaw-13768	437	28	.	.	PUNCT
taxlaw-13768	438	1	the	the	DET
taxlaw-13768	438	2	treatment	treatment	NOUN
taxlaw-13768	438	3	of	of	ADP
taxlaw-13768	438	4	distributions	distribution	NOUN
taxlaw-13768	438	5	to	to	ADP
taxlaw-13768	438	6	other	other	ADJ
taxlaw-13768	438	7	shareholders	shareholder	NOUN
taxlaw-13768	438	8	in	in	ADP
taxlaw-13768	438	9	cfcs	cfcs	NOUN
taxlaw-13768	438	10	and	and	CCONJ
taxlaw-13768	438	11	to	to	ADP
taxlaw-13768	438	12	any	any	DET
taxlaw-13768	438	13	shareholder	shareholder	NOUN
taxlaw-13768	438	14	in	in	ADP
taxlaw-13768	438	15	a	a	DET
taxlaw-13768	438	16	non	non	ADJ
taxlaw-13768	438	17	-	-	ADJ
taxlaw-13768	438	18	cfc	cfc	ADJ
taxlaw-13768	438	19	differs	differ	NOUN
taxlaw-13768	438	20	after	after	ADP
taxlaw-13768	438	21	both	both	CCONJ
taxlaw-13768	438	22	an	an	DET
taxlaw-13768	438	23	inbound	inbound	ADJ
taxlaw-13768	438	24	asset	asset	NOUN
taxlaw-13768	438	25	reorganization	reorganization	NOUN
taxlaw-13768	438	26	and	and	CCONJ
taxlaw-13768	438	27	an	an	DET
taxlaw-13768	438	28	inbound	inbound	ADJ
taxlaw-13768	438	29	stock	stock	NOUN
taxlaw-13768	438	30	reorganization	reorganization	NOUN
taxlaw-13768	438	31	in	in	ADP
taxlaw-13768	438	32	ways	way	NOUN
taxlaw-13768	438	33	that	that	PRON
taxlaw-13768	438	34	can	can	AUX
taxlaw-13768	438	35	be	be	AUX
taxlaw-13768	438	36	favorable	favorable	ADJ
taxlaw-13768	438	37	or	or	CCONJ
taxlaw-13768	438	38	unfavorable	unfavorable	ADJ
taxlaw-13768	438	39	,	,	PUNCT
taxlaw-13768	438	40	including	include	VERB
taxlaw-13768	438	41	corporate	corporate	ADJ
taxlaw-13768	438	42	eligibility	eligibility	NOUN
taxlaw-13768	438	43	for	for	ADP
taxlaw-13768	438	44	the	the	DET
taxlaw-13768	438	45	dividends	dividend	NOUN
taxlaw-13768	438	46	-	-	PUNCT
taxlaw-13768	438	47	received	receive	VERB
taxlaw-13768	438	48	deduction	deduction	NOUN
taxlaw-13768	438	49	and	and	CCONJ
taxlaw-13768	438	50	the	the	DET
taxlaw-13768	438	51	favorable	favorable	ADJ
taxlaw-13768	438	52	dividend	dividend	NOUN
taxlaw-13768	438	53	tax	tax	NOUN
taxlaw-13768	438	54	rate	rate	NOUN
taxlaw-13768	438	55	for	for	ADP
taxlaw-13768	438	56	individuals	individual	NOUN
taxlaw-13768	438	57	.	.	PUNCT
taxlaw-13768	439	1	in	in	ADP
taxlaw-13768	439	2	the	the	DET
taxlaw-13768	439	3	end	end	NOUN
taxlaw-13768	439	4	,	,	PUNCT
taxlaw-13768	439	5	these	these	DET
taxlaw-13768	439	6	detriments	detriment	NOUN
taxlaw-13768	439	7	and	and	CCONJ
taxlaw-13768	439	8	benefits	benefit	NOUN
taxlaw-13768	439	9	should	should	AUX
taxlaw-13768	439	10	just	just	ADV
taxlaw-13768	439	11	be	be	AUX
taxlaw-13768	439	12	seen	see	VERB
taxlaw-13768	439	13	as	as	ADP
taxlaw-13768	439	14	attributes	attribute	NOUN
taxlaw-13768	439	15	of	of	ADP
taxlaw-13768	439	16	the	the	DET
taxlaw-13768	439	17	separate	separate	ADJ
taxlaw-13768	439	18	shareholder	shareholder	NOUN
taxlaw-13768	439	19	tax	tax	NOUN
taxlaw-13768	439	20	that	that	PRON
taxlaw-13768	439	21	differ	differ	VERB
taxlaw-13768	439	22	based	base	VERB
taxlaw-13768	439	23	on	on	ADP
taxlaw-13768	439	24	whether	whether	SCONJ
taxlaw-13768	439	25	the	the	DET
taxlaw-13768	439	26	distributing	distribute	VERB
taxlaw-13768	439	27	corporation	corporation	NOUN
taxlaw-13768	439	28	is	be	AUX
taxlaw-13768	439	29	foreign	foreign	ADJ
taxlaw-13768	439	30	or	or	CCONJ
taxlaw-13768	439	31	domestic	domestic	ADJ
taxlaw-13768	439	32	.	.	PUNCT
taxlaw-13768	440	1	if	if	SCONJ
taxlaw-13768	440	2	this	this	PRON
taxlaw-13768	440	3	is	be	AUX
taxlaw-13768	440	4	correct	correct	ADJ
taxlaw-13768	440	5	,	,	PUNCT
taxlaw-13768	440	6	then	then	ADV
taxlaw-13768	440	7	the	the	DET
taxlaw-13768	440	8	regulatory	regulatory	ADJ
taxlaw-13768	440	9	solution	solution	NOUN
taxlaw-13768	440	10	of	of	ADP
taxlaw-13768	440	11	triggering	trigger	VERB
taxlaw-13768	440	12	the	the	DET
taxlaw-13768	440	13	section	section	NOUN
taxlaw-13768	440	14	1248	1248	NUM
taxlaw-13768	440	15	amount	amount	NOUN
taxlaw-13768	440	16	for	for	ADP
taxlaw-13768	440	17	section	section	NOUN
taxlaw-13768	440	18	1248	1248	NUM
taxlaw-13768	440	19	shareholders	shareholder	NOUN
taxlaw-13768	440	20	and	and	CCONJ
taxlaw-13768	440	21	any	any	DET
taxlaw-13768	440	22	hybrid	hybrid	ADJ
taxlaw-13768	440	23	dividend	dividend	NOUN
taxlaw-13768	440	24	account	account	NOUN
taxlaw-13768	440	25	for	for	ADP
taxlaw-13768	440	26	u.s	u.s	PROPN
taxlaw-13768	440	27	.	.	PROPN
taxlaw-13768	440	28	shareholders	shareholder	NOUN
taxlaw-13768	440	29	in	in	ADP
taxlaw-13768	440	30	a	a	DET
taxlaw-13768	440	31	cfc	cfc	NOUN
taxlaw-13768	440	32	should	should	AUX
taxlaw-13768	440	33	be	be	AUX
taxlaw-13768	440	34	sufficient	sufficient	ADJ
taxlaw-13768	440	35	to	to	PART
taxlaw-13768	440	36	prevent	prevent	VERB
taxlaw-13768	440	37	tax	tax	NOUN
taxlaw-13768	440	38	avoidance	avoidance	NOUN
taxlaw-13768	440	39	at	at	ADP
taxlaw-13768	440	40	both	both	CCONJ
taxlaw-13768	440	41	the	the	DET
taxlaw-13768	440	42	corporate	corporate	ADJ
taxlaw-13768	440	43	and	and	CCONJ
taxlaw-13768	440	44	shareholder	shareholder	NOUN
taxlaw-13768	440	45	levels	level	NOUN
taxlaw-13768	440	46	.	.	PUNCT
taxlaw-13768	441	1	eligible	eligible	ADJ
taxlaw-13768	441	2	corporate	corporate	ADJ
taxlaw-13768	441	3	section	section	NOUN
taxlaw-13768	441	4	1248	1248	NUM
taxlaw-13768	441	5	shareholders	shareholder	NOUN
taxlaw-13768	441	6	will	will	AUX
taxlaw-13768	441	7	receive	receive	VERB
taxlaw-13768	441	8	the	the	DET
taxlaw-13768	441	9	section	section	NOUN
taxlaw-13768	441	10	245a	245a	ADJ
taxlaw-13768	441	11	deduction	deduction	NOUN
taxlaw-13768	441	12	for	for	ADP
taxlaw-13768	441	13	the	the	DET
taxlaw-13768	441	14	foreign	foreign	ADJ
taxlaw-13768	441	15	-	-	PUNCT
taxlaw-13768	441	16	sourced	source	VERB
taxlaw-13768	441	17	portion	portion	NOUN
taxlaw-13768	441	18	of	of	ADP
taxlaw-13768	441	19	that	that	DET
taxlaw-13768	441	20	inclusion	inclusion	NOUN
taxlaw-13768	441	21	subject	subject	NOUN
taxlaw-13768	441	22	to	to	ADP
taxlaw-13768	441	23	triggering	trigger	VERB
taxlaw-13768	441	24	any	any	DET
taxlaw-13768	441	25	hybrid	hybrid	ADJ
taxlaw-13768	441	26	dividend	dividend	NOUN
taxlaw-13768	441	27	account	account	NOUN
taxlaw-13768	441	28	.	.	PUNCT
taxlaw-13768	442	1	individual	individual	ADJ
taxlaw-13768	442	2	section	section	NOUN
taxlaw-13768	442	3	1248	1248	NUM
taxlaw-13768	442	4	shareholders	shareholder	NOUN
taxlaw-13768	442	5	will	will	AUX
taxlaw-13768	442	6	be	be	AUX
taxlaw-13768	442	7	fully	fully	ADV
taxlaw-13768	442	8	taxed	tax	VERB
taxlaw-13768	442	9	but	but	CCONJ
taxlaw-13768	442	10	at	at	ADP
taxlaw-13768	442	11	dividend	dividend	NOUN
taxlaw-13768	442	12	rates	rate	NOUN
taxlaw-13768	442	13	reflecting	reflect	VERB
taxlaw-13768	442	14	the	the	DET
taxlaw-13768	442	15	status	status	NOUN
taxlaw-13768	442	16	of	of	ADP
taxlaw-13768	442	17	the	the	DET
taxlaw-13768	442	18	acquired	acquire	VERB
taxlaw-13768	442	19	foreign	foreign	ADJ
taxlaw-13768	442	20	corporation	corporation	NOUN
taxlaw-13768	442	21	.	.	PUNCT
taxlaw-13768	443	1	all	all	DET
taxlaw-13768	443	2	such	such	ADJ
taxlaw-13768	443	3	shareholders	shareholder	NOUN
taxlaw-13768	443	4	will	will	AUX
taxlaw-13768	443	5	receive	receive	VERB
taxlaw-13768	443	6	a	a	DET
taxlaw-13768	443	7	basis	basis	NOUN
taxlaw-13768	443	8	step	step	NOUN
taxlaw-13768	443	9	-	-	PUNCT
taxlaw-13768	443	10	up	up	NOUN
taxlaw-13768	443	11	in	in	ADP
taxlaw-13768	443	12	the	the	DET
taxlaw-13768	443	13	stock	stock	NOUN
taxlaw-13768	443	14	of	of	ADP
taxlaw-13768	443	15	the	the	DET
taxlaw-13768	443	16	acquiring	acquire	VERB
taxlaw-13768	443	17	u.s	u.s	PROPN
taxlaw-13768	443	18	.	.	PROPN
taxlaw-13768	443	19	corporation	corporation	NOUN
taxlaw-13768	443	20	.	.	PUNCT
taxlaw-13768	444	1	and	and	CCONJ
taxlaw-13768	444	2	the	the	DET
taxlaw-13768	444	3	acquiring	acquire	VERB
taxlaw-13768	444	4	u.s	u.s	PROPN
taxlaw-13768	444	5	.	.	PROPN
taxlaw-13768	444	6	corporation	corporation	NOUN
taxlaw-13768	444	7	will	will	AUX
taxlaw-13768	444	8	inherit	inherit	VERB
taxlaw-13768	444	9	the	the	DET
taxlaw-13768	444	10	foreign	foreign	ADJ
taxlaw-13768	444	11	corporation	corporation	NOUN
taxlaw-13768	444	12	’s	’s	NOUN
taxlaw-13768	444	13	e&p	e&p	PROPN
taxlaw-13768	444	14	under	under	ADP
taxlaw-13768	444	15	the	the	DET
taxlaw-13768	444	16	normal	normal	ADJ
taxlaw-13768	444	17	rules	rule	NOUN
taxlaw-13768	444	18	of	of	ADP
taxlaw-13768	444	19	section	section	NOUN
taxlaw-13768	444	20	381	381	NUM
taxlaw-13768	444	21	.	.	PUNCT
taxlaw-13768	445	1	an	an	DET
taxlaw-13768	445	2	important	important	ADJ
taxlaw-13768	445	3	benefit	benefit	NOUN
taxlaw-13768	445	4	of	of	ADP
taxlaw-13768	445	5	this	this	DET
taxlaw-13768	445	6	proposal	proposal	NOUN
taxlaw-13768	445	7	is	be	AUX
taxlaw-13768	445	8	its	its	PRON
taxlaw-13768	445	9	intersection	intersection	NOUN
taxlaw-13768	445	10	with	with	ADP
taxlaw-13768	445	11	section	section	NOUN
taxlaw-13768	445	12	1059	1059	NUM
taxlaw-13768	445	13	.	.	PUNCT
taxlaw-13768	446	1	the	the	DET
taxlaw-13768	446	2	current	current	ADJ
taxlaw-13768	446	3	regulations	regulation	NOUN
taxlaw-13768	446	4	’	'	PUNCT
taxlaw-13768	446	5	inclusion	inclusion	NOUN
taxlaw-13768	446	6	of	of	ADP
taxlaw-13768	446	7	the	the	DET
taxlaw-13768	446	8	all	all	DET
taxlaw-13768	446	9	e&p	e&p	PROPN
taxlaw-13768	446	10	amount	amount	NOUN
taxlaw-13768	446	11	can	can	AUX
taxlaw-13768	446	12	lead	lead	VERB
taxlaw-13768	446	13	to	to	ADP
taxlaw-13768	446	14	situations	situation	NOUN
taxlaw-13768	446	15	where	where	SCONJ
taxlaw-13768	446	16	a	a	DET
taxlaw-13768	446	17	tax	tax	NOUN
taxlaw-13768	446	18	-	-	PUNCT
taxlaw-13768	446	19	favored	favor	VERB
taxlaw-13768	446	20	inclusion	inclusion	NOUN
taxlaw-13768	446	21	given	give	VERB
taxlaw-13768	446	22	the	the	DET
taxlaw-13768	446	23	section	section	NOUN
taxlaw-13768	446	24	245a	245a	ADJ
taxlaw-13768	446	25	deduction	deduction	NOUN
taxlaw-13768	446	26	can	can	AUX
taxlaw-13768	446	27	generate	generate	VERB
taxlaw-13768	446	28	a	a	DET
taxlaw-13768	446	29	basis	basis	NOUN
taxlaw-13768	446	30	step	step	NOUN
taxlaw-13768	446	31	up	up	ADP
taxlaw-13768	446	32	that	that	PRON
taxlaw-13768	446	33	results	result	VERB
taxlaw-13768	446	34	in	in	ADP
taxlaw-13768	446	35	a	a	DET
taxlaw-13768	446	36	built	build	VERB
taxlaw-13768	446	37	-	-	PUNCT
taxlaw-13768	446	38	in	in	ADP
taxlaw-13768	446	39	capital	capital	NOUN
taxlaw-13768	446	40	loss	loss	NOUN
taxlaw-13768	446	41	in	in	ADP
taxlaw-13768	446	42	the	the	DET
taxlaw-13768	446	43	stock	stock	NOUN
taxlaw-13768	446	44	of	of	ADP
taxlaw-13768	446	45	the	the	DET
taxlaw-13768	446	46	acquiring	acquire	VERB
taxlaw-13768	446	47	u.s	u.s	PROPN
taxlaw-13768	446	48	.	.	PROPN
taxlaw-13768	446	49	corporation	corporation	NOUN
taxlaw-13768	446	50	received	receive	VERB
taxlaw-13768	446	51	in	in	ADP
taxlaw-13768	446	52	the	the	DET
taxlaw-13768	446	53	exchange	exchange	NOUN
taxlaw-13768	446	54	.	.	PUNCT
taxlaw-13768	447	1	that	that	PRON
taxlaw-13768	447	2	creates	create	VERB
taxlaw-13768	447	3	potential	potential	ADJ
taxlaw-13768	447	4	avoidance	avoidance	NOUN
taxlaw-13768	447	5	that	that	PRON
taxlaw-13768	447	6	arguably	arguably	ADV
taxlaw-13768	447	7	should	should	AUX
taxlaw-13768	447	8	be	be	AUX
taxlaw-13768	447	9	dealt	deal	VERB
taxlaw-13768	447	10	with	with	ADP
taxlaw-13768	447	11	in	in	ADP
taxlaw-13768	447	12	the	the	DET
taxlaw-13768	447	13	section	section	NOUN
taxlaw-13768	447	14	367(b	367(b	PROPN
taxlaw-13768	447	15	)	)	PUNCT
taxlaw-13768	447	16	regulations	regulation	NOUN
taxlaw-13768	447	17	.	.	PUNCT
taxlaw-13768	448	1	but	but	CCONJ
taxlaw-13768	448	2	by	by	ADP
taxlaw-13768	448	3	including	include	VERB
taxlaw-13768	448	4	2025	2025	NUM
taxlaw-13768	448	5	]	]	PUNCT
taxlaw-13768	448	6	reflections	reflection	NOUN
taxlaw-13768	448	7	on	on	ADP
taxlaw-13768	448	8	367(b	367(b	PROPN
taxlaw-13768	448	9	)	)	PUNCT
taxlaw-13768	448	10	regulations	regulation	NOUN
taxlaw-13768	448	11	and	and	CCONJ
taxlaw-13768	448	12	inbound	inbound	ADJ
taxlaw-13768	448	13	transactions	transaction	NOUN
taxlaw-13768	448	14	183	183	NUM
taxlaw-13768	448	15	only	only	ADV
taxlaw-13768	448	16	the	the	DET
taxlaw-13768	448	17	section	section	NOUN
taxlaw-13768	448	18	1248	1248	NUM
taxlaw-13768	448	19	amount	amount	NOUN
taxlaw-13768	448	20	,	,	PUNCT
taxlaw-13768	448	21	which	which	PRON
taxlaw-13768	448	22	is	be	AUX
taxlaw-13768	448	23	limited	limit	VERB
taxlaw-13768	448	24	to	to	ADP
taxlaw-13768	448	25	any	any	DET
taxlaw-13768	448	26	built	build	VERB
taxlaw-13768	448	27	-	-	PUNCT
taxlaw-13768	448	28	in	in	ADP
taxlaw-13768	448	29	gain	gain	NOUN
taxlaw-13768	448	30	,	,	PUNCT
taxlaw-13768	448	31	the	the	DET
taxlaw-13768	448	32	proposal	proposal	NOUN
taxlaw-13768	448	33	presented	present	VERB
taxlaw-13768	448	34	here	here	ADV
taxlaw-13768	448	35	will	will	AUX
taxlaw-13768	448	36	not	not	PART
taxlaw-13768	448	37	create	create	VERB
taxlaw-13768	448	38	a	a	DET
taxlaw-13768	448	39	built	build	VERB
taxlaw-13768	448	40	-	-	PUNCT
taxlaw-13768	448	41	in	in	ADP
taxlaw-13768	448	42	capital	capital	NOUN
taxlaw-13768	448	43	loss	loss	NOUN
taxlaw-13768	448	44	to	to	ADP
taxlaw-13768	448	45	the	the	DET
taxlaw-13768	448	46	section	section	NOUN
taxlaw-13768	448	47	1248	1248	NUM
taxlaw-13768	448	48	shareholder	shareholder	NOUN
taxlaw-13768	448	49	.	.	PUNCT
taxlaw-13768	449	1	a	a	DET
taxlaw-13768	449	2	range	range	NOUN
taxlaw-13768	449	3	of	of	ADP
taxlaw-13768	449	4	concerns	concern	NOUN
taxlaw-13768	449	5	and	and	CCONJ
taxlaw-13768	449	6	complexities	complexity	NOUN
taxlaw-13768	449	7	can	can	AUX
taxlaw-13768	449	8	be	be	AUX
taxlaw-13768	449	9	avoided	avoid	VERB
taxlaw-13768	449	10	.	.	PUNCT
taxlaw-13768	450	1	one	one	NUM
taxlaw-13768	450	2	caveat	caveat	NOUN
taxlaw-13768	450	3	to	to	ADP
taxlaw-13768	450	4	the	the	DET
taxlaw-13768	450	5	above	above	ADJ
taxlaw-13768	450	6	proposal	proposal	NOUN
taxlaw-13768	450	7	:	:	PUNCT
taxlaw-13768	450	8	the	the	DET
taxlaw-13768	450	9	section	section	NOUN
taxlaw-13768	450	10	1248	1248	NUM
taxlaw-13768	450	11	amount	amount	NOUN
taxlaw-13768	450	12	includes	include	VERB
taxlaw-13768	450	13	the	the	DET
taxlaw-13768	450	14	e&p	e&p	PROPN
taxlaw-13768	450	15	of	of	ADP
taxlaw-13768	450	16	lower	low	ADJ
taxlaw-13768	450	17	-	-	PUNCT
taxlaw-13768	450	18	tier	tier	NOUN
taxlaw-13768	450	19	cfcs	cfc	NOUN
taxlaw-13768	450	20	as	as	ADV
taxlaw-13768	450	21	well	well	ADV
taxlaw-13768	450	22	as	as	ADP
taxlaw-13768	450	23	the	the	DET
taxlaw-13768	450	24	foreign	foreign	ADJ
taxlaw-13768	450	25	acquired	acquire	VERB
taxlaw-13768	450	26	corporation	corporation	NOUN
taxlaw-13768	450	27	.	.	PUNCT
taxlaw-13768	451	1	that	that	PRON
taxlaw-13768	451	2	makes	make	VERB
taxlaw-13768	451	3	sense	sense	NOUN
taxlaw-13768	451	4	where	where	SCONJ
taxlaw-13768	451	5	an	an	DET
taxlaw-13768	451	6	exchanging	exchange	VERB
taxlaw-13768	451	7	u.s	u.s	PROPN
taxlaw-13768	451	8	.	.	PROPN
taxlaw-13768	451	9	shareholder	shareholder	NOUN
taxlaw-13768	451	10	receives	receive	VERB
taxlaw-13768	451	11	stock	stock	NOUN
taxlaw-13768	451	12	in	in	ADP
taxlaw-13768	451	13	a	a	DET
taxlaw-13768	451	14	u.s	u.s	PROPN
taxlaw-13768	451	15	.	.	PROPN
taxlaw-13768	451	16	corporation	corporation	NOUN
taxlaw-13768	451	17	it	it	PRON
taxlaw-13768	451	18	only	only	ADV
taxlaw-13768	451	19	partially	partially	ADV
taxlaw-13768	451	20	owns	own	VERB
taxlaw-13768	451	21	.	.	PUNCT
taxlaw-13768	452	1	but	but	CCONJ
taxlaw-13768	452	2	where	where	SCONJ
taxlaw-13768	452	3	that	that	DET
taxlaw-13768	452	4	exchanging	exchange	VERB
taxlaw-13768	452	5	shareholder	shareholder	NOUN
taxlaw-13768	452	6	is	be	AUX
taxlaw-13768	452	7	,	,	PUNCT
taxlaw-13768	452	8	for	for	ADP
taxlaw-13768	452	9	example	example	NOUN
taxlaw-13768	452	10	,	,	PUNCT
taxlaw-13768	452	11	part	part	NOUN
taxlaw-13768	452	12	of	of	ADP
taxlaw-13768	452	13	the	the	DET
taxlaw-13768	452	14	same	same	ADJ
taxlaw-13768	452	15	u.s	u.s	PROPN
taxlaw-13768	452	16	.	.	PROPN
taxlaw-13768	452	17	consolidated	consolidated	PROPN
taxlaw-13768	452	18	group	group	NOUN
taxlaw-13768	452	19	as	as	ADP
taxlaw-13768	452	20	the	the	DET
taxlaw-13768	452	21	acquiring	acquire	VERB
taxlaw-13768	452	22	u.s	u.s	PROPN
taxlaw-13768	452	23	.	.	PROPN
taxlaw-13768	452	24	corporation	corporation	PROPN
taxlaw-13768	452	25	,	,	PUNCT
taxlaw-13768	452	26	the	the	DET
taxlaw-13768	452	27	need	need	NOUN
taxlaw-13768	452	28	to	to	PART
taxlaw-13768	452	29	trigger	trigger	VERB
taxlaw-13768	452	30	the	the	DET
taxlaw-13768	452	31	section	section	NOUN
taxlaw-13768	452	32	1248	1248	NUM
taxlaw-13768	452	33	amount	amount	NOUN
taxlaw-13768	452	34	with	with	ADP
taxlaw-13768	452	35	respect	respect	NOUN
taxlaw-13768	452	36	to	to	ADP
taxlaw-13768	452	37	lower	low	ADJ
taxlaw-13768	452	38	-	-	PUNCT
taxlaw-13768	452	39	tier	tier	NOUN
taxlaw-13768	452	40	cfcs	cfcs	NOUN
taxlaw-13768	452	41	is	be	AUX
taxlaw-13768	452	42	absent	absent	ADJ
taxlaw-13768	452	43	.	.	PUNCT
taxlaw-13768	453	1	in	in	ADP
taxlaw-13768	453	2	that	that	DET
taxlaw-13768	453	3	circumstance	circumstance	NOUN
taxlaw-13768	453	4	the	the	DET
taxlaw-13768	453	5	inclusion	inclusion	NOUN
taxlaw-13768	453	6	triggered	trigger	VERB
taxlaw-13768	453	7	by	by	ADP
taxlaw-13768	453	8	the	the	DET
taxlaw-13768	453	9	inbound	inbound	ADJ
taxlaw-13768	453	10	asset	asset	NOUN
taxlaw-13768	453	11	reorganization	reorganization	NOUN
taxlaw-13768	453	12	could	could	AUX
taxlaw-13768	453	13	exclude	exclude	VERB
taxlaw-13768	453	14	the	the	DET
taxlaw-13768	453	15	section	section	NOUN
taxlaw-13768	453	16	1248	1248	NUM
taxlaw-13768	453	17	amount	amount	NOUN
taxlaw-13768	453	18	of	of	ADP
taxlaw-13768	453	19	the	the	DET
taxlaw-13768	453	20	lower	low	ADJ
taxlaw-13768	453	21	-	-	PUNCT
taxlaw-13768	453	22	tier	tier	NOUN
taxlaw-13768	453	23	cfcs	cfcs	NOUN
taxlaw-13768	453	24	otherwise	otherwise	ADV
taxlaw-13768	453	25	included	include	VERB
taxlaw-13768	453	26	under	under	ADP
taxlaw-13768	453	27	section	section	NOUN
taxlaw-13768	453	28	1248(c)(2	1248(c)(2	NUM
taxlaw-13768	453	29	)	)	PUNCT
taxlaw-13768	453	30	.	.	PUNCT
taxlaw-13768	454	1	there	there	PRON
taxlaw-13768	454	2	may	may	AUX
taxlaw-13768	454	3	be	be	AUX
taxlaw-13768	454	4	other	other	ADJ
taxlaw-13768	454	5	circumstances	circumstance	NOUN
taxlaw-13768	454	6	worth	worth	ADJ
taxlaw-13768	454	7	considering	consider	VERB
taxlaw-13768	454	8	where	where	SCONJ
taxlaw-13768	454	9	that	that	SCONJ
taxlaw-13768	454	10	lower	low	ADJ
taxlaw-13768	454	11	-	-	PUNCT
taxlaw-13768	454	12	tier	tier	NOUN
taxlaw-13768	454	13	e&p	e&p	PROPN
taxlaw-13768	454	14	amount	amount	NOUN
taxlaw-13768	454	15	can	can	AUX
taxlaw-13768	454	16	be	be	AUX
taxlaw-13768	454	17	sufficiently	sufficiently	ADV
taxlaw-13768	454	18	preserved	preserve	VERB
taxlaw-13768	454	19	to	to	PART
taxlaw-13768	454	20	allow	allow	VERB
taxlaw-13768	454	21	a	a	DET
taxlaw-13768	454	22	more	more	ADV
taxlaw-13768	454	23	limited	limited	ADJ
taxlaw-13768	454	24	inclusion	inclusion	NOUN
taxlaw-13768	454	25	.	.	PUNCT
taxlaw-13768	455	1	vii	vii	PROPN
taxlaw-13768	455	2	.	.	PROPN
taxlaw-13768	455	3	treatment	treatment	NOUN
taxlaw-13768	455	4	of	of	ADP
taxlaw-13768	455	5	inbound	inbound	ADJ
taxlaw-13768	455	6	liquidations	liquidation	NOUN
taxlaw-13768	455	7	if	if	SCONJ
taxlaw-13768	455	8	accepted	accept	VERB
taxlaw-13768	455	9	,	,	PUNCT
taxlaw-13768	455	10	the	the	DET
taxlaw-13768	455	11	above	above	ADJ
taxlaw-13768	455	12	framework	framework	NOUN
taxlaw-13768	455	13	provides	provide	VERB
taxlaw-13768	455	14	clear	clear	ADJ
taxlaw-13768	455	15	guidance	guidance	NOUN
taxlaw-13768	455	16	for	for	ADP
taxlaw-13768	455	17	the	the	DET
taxlaw-13768	455	18	treatment	treatment	NOUN
taxlaw-13768	455	19	of	of	ADP
taxlaw-13768	455	20	inbound	inbound	ADJ
taxlaw-13768	455	21	liquidations	liquidation	NOUN
taxlaw-13768	455	22	.	.	PUNCT
taxlaw-13768	456	1	the	the	DET
taxlaw-13768	456	2	section	section	NOUN
taxlaw-13768	456	3	1248	1248	NUM
taxlaw-13768	456	4	shareholder	shareholder	NOUN
taxlaw-13768	456	5	in	in	ADP
taxlaw-13768	456	6	the	the	DET
taxlaw-13768	456	7	section	section	NOUN
taxlaw-13768	456	8	332	332	NUM
taxlaw-13768	456	9	inbound	inbound	ADJ
taxlaw-13768	456	10	liquidation	liquidation	NOUN
taxlaw-13768	456	11	should	should	AUX
taxlaw-13768	456	12	pick	pick	VERB
taxlaw-13768	456	13	up	up	ADP
taxlaw-13768	456	14	its	its	PRON
taxlaw-13768	456	15	section	section	NOUN
taxlaw-13768	456	16	1248	1248	NUM
taxlaw-13768	456	17	amount	amount	NOUN
taxlaw-13768	456	18	attributable	attributable	ADJ
taxlaw-13768	456	19	to	to	ADP
taxlaw-13768	456	20	the	the	DET
taxlaw-13768	456	21	liquidating	liquidating	ADJ
taxlaw-13768	456	22	foreign	foreign	ADJ
taxlaw-13768	456	23	corporation	corporation	NOUN
taxlaw-13768	456	24	,	,	PUNCT
taxlaw-13768	456	25	but	but	CCONJ
taxlaw-13768	456	26	not	not	PART
taxlaw-13768	456	27	any	any	DET
taxlaw-13768	456	28	amount	amount	NOUN
taxlaw-13768	456	29	under	under	ADP
taxlaw-13768	456	30	section	section	NOUN
taxlaw-13768	456	31	1248(c)(2	1248(c)(2	NUM
taxlaw-13768	456	32	)	)	PUNCT
taxlaw-13768	456	33	attributable	attributable	ADJ
taxlaw-13768	456	34	to	to	ADP
taxlaw-13768	456	35	lower	low	ADJ
taxlaw-13768	456	36	-	-	PUNCT
taxlaw-13768	456	37	tier	tier	NOUN
taxlaw-13768	456	38	foreign	foreign	ADJ
taxlaw-13768	456	39	corporations	corporation	NOUN
taxlaw-13768	456	40	as	as	ADV
taxlaw-13768	456	41	long	long	ADV
taxlaw-13768	456	42	as	as	SCONJ
taxlaw-13768	456	43	its	its	PRON
taxlaw-13768	456	44	interest	interest	NOUN
taxlaw-13768	456	45	in	in	ADP
taxlaw-13768	456	46	such	such	ADJ
taxlaw-13768	456	47	lower	low	ADJ
taxlaw-13768	456	48	-	-	PUNCT
taxlaw-13768	456	49	tier	tier	NOUN
taxlaw-13768	456	50	corporations	corporation	NOUN
taxlaw-13768	456	51	preserves	preserve	VERB
taxlaw-13768	456	52	that	that	SCONJ
taxlaw-13768	456	53	section	section	NOUN
taxlaw-13768	456	54	1248	1248	NUM
taxlaw-13768	456	55	amount	amount	NOUN
taxlaw-13768	456	56	.	.	PUNCT
taxlaw-13768	457	1	that	that	DET
taxlaw-13768	457	2	shareholder	shareholder	NOUN
taxlaw-13768	457	3	should	should	AUX
taxlaw-13768	457	4	be	be	AUX
taxlaw-13768	457	5	eligible	eligible	ADJ
taxlaw-13768	457	6	for	for	ADP
taxlaw-13768	457	7	the	the	DET
taxlaw-13768	457	8	section	section	NOUN
taxlaw-13768	457	9	245a	245a	ADJ
taxlaw-13768	457	10	deduction	deduction	NOUN
taxlaw-13768	457	11	without	without	ADP
taxlaw-13768	457	12	regard	regard	NOUN
taxlaw-13768	457	13	to	to	ADP
taxlaw-13768	457	14	its	its	PRON
taxlaw-13768	457	15	holding	hold	VERB
taxlaw-13768	457	16	period	period	NOUN
taxlaw-13768	457	17	of	of	ADP
taxlaw-13768	457	18	the	the	DET
taxlaw-13768	457	19	foreign	foreign	ADJ
taxlaw-13768	457	20	corporation	corporation	NOUN
taxlaw-13768	457	21	as	as	ADV
taxlaw-13768	457	22	long	long	ADV
taxlaw-13768	457	23	as	as	ADP
taxlaw-13768	457	24	after	after	ADP
taxlaw-13768	457	25	the	the	DET
taxlaw-13768	457	26	liquidation	liquidation	NOUN
taxlaw-13768	457	27	it	it	PRON
taxlaw-13768	457	28	holds	hold	VERB
taxlaw-13768	457	29	a	a	DET
taxlaw-13768	457	30	substantial	substantial	ADJ
taxlaw-13768	457	31	portion	portion	NOUN
taxlaw-13768	457	32	of	of	ADP
taxlaw-13768	457	33	the	the	DET
taxlaw-13768	457	34	foreign	foreign	ADJ
taxlaw-13768	457	35	corporation	corporation	NOUN
taxlaw-13768	457	36	’s	’s	PART
taxlaw-13768	457	37	assets	asset	NOUN
taxlaw-13768	457	38	for	for	ADP
taxlaw-13768	457	39	one	one	NUM
taxlaw-13768	457	40	year	year	NOUN
taxlaw-13768	457	41	or	or	CCONJ
taxlaw-13768	457	42	more	more	ADJ
taxlaw-13768	457	43	.	.	PUNCT
taxlaw-13768	458	1	like	like	INTJ
taxlaw-13768	458	2	in	in	ADP
taxlaw-13768	458	3	inbound	inbound	ADJ
taxlaw-13768	458	4	asset	asset	NOUN
taxlaw-13768	458	5	reorganizations	reorganization	NOUN
taxlaw-13768	458	6	,	,	PUNCT
taxlaw-13768	458	7	the	the	DET
taxlaw-13768	458	8	pre	pre	NOUN
taxlaw-13768	458	9	-	-	NOUN
taxlaw-13768	458	10	liquidation	liquidation	ADJ
taxlaw-13768	458	11	e&p	e&p	NOUN
taxlaw-13768	458	12	of	of	ADP
taxlaw-13768	458	13	the	the	DET
taxlaw-13768	458	14	liquidating	liquidating	ADJ
taxlaw-13768	458	15	foreign	foreign	ADJ
taxlaw-13768	458	16	corporation	corporation	NOUN
taxlaw-13768	458	17	should	should	AUX
taxlaw-13768	458	18	migrate	migrate	VERB
taxlaw-13768	458	19	to	to	ADP
taxlaw-13768	458	20	the	the	DET
taxlaw-13768	458	21	shareholder	shareholder	NOUN
taxlaw-13768	458	22	domestic	domestic	ADJ
taxlaw-13768	458	23	corporation	corporation	NOUN
taxlaw-13768	458	24	.	.	PUNCT
taxlaw-13768	459	1	viii	viii	PROPN
taxlaw-13768	459	2	.	.	PUNCT
taxlaw-13768	460	1	conclusion	conclusion	NOUN
taxlaw-13768	460	2	this	this	DET
taxlaw-13768	460	3	article	article	NOUN
taxlaw-13768	460	4	lays	lay	VERB
taxlaw-13768	460	5	out	out	ADP
taxlaw-13768	460	6	what	what	PRON
taxlaw-13768	460	7	arguably	arguably	ADV
taxlaw-13768	460	8	is	be	AUX
taxlaw-13768	460	9	a	a	DET
taxlaw-13768	460	10	fundamental	fundamental	ADJ
taxlaw-13768	460	11	rethinking	rethinking	NOUN
taxlaw-13768	460	12	of	of	ADP
taxlaw-13768	460	13	the	the	DET
taxlaw-13768	460	14	relationship	relationship	NOUN
taxlaw-13768	460	15	between	between	ADP
taxlaw-13768	460	16	u.s	u.s	PROPN
taxlaw-13768	460	17	.	.	PROPN
taxlaw-13768	460	18	persons	person	NOUN
taxlaw-13768	460	19	and	and	CCONJ
taxlaw-13768	460	20	the	the	DET
taxlaw-13768	460	21	foreign	foreign	ADJ
taxlaw-13768	460	22	corporations	corporation	NOUN
taxlaw-13768	460	23	in	in	ADP
taxlaw-13768	460	24	which	which	PRON
taxlaw-13768	460	25	they	they	PRON
taxlaw-13768	460	26	own	own	VERB
taxlaw-13768	460	27	stock	stock	NOUN
taxlaw-13768	460	28	.	.	PUNCT
taxlaw-13768	461	1	it	it	PRON
taxlaw-13768	461	2	takes	take	VERB
taxlaw-13768	461	3	the	the	DET
taxlaw-13768	461	4	position	position	NOUN
taxlaw-13768	461	5	that	that	SCONJ
taxlaw-13768	461	6	the	the	DET
taxlaw-13768	461	7	earnings	earning	NOUN
taxlaw-13768	461	8	of	of	ADP
taxlaw-13768	461	9	a	a	DET
taxlaw-13768	461	10	foreign	foreign	ADJ
taxlaw-13768	461	11	corporation	corporation	NOUN
taxlaw-13768	461	12	should	should	AUX
taxlaw-13768	461	13	be	be	AUX
taxlaw-13768	461	14	treated	treat	VERB
taxlaw-13768	461	15	as	as	ADP
taxlaw-13768	461	16	exempt	exempt	ADJ
taxlaw-13768	461	17	income	income	NOUN
taxlaw-13768	461	18	because	because	SCONJ
taxlaw-13768	461	19	they	they	PRON
taxlaw-13768	461	20	are	be	AUX
taxlaw-13768	461	21	not	not	PART
taxlaw-13768	461	22	ours	ours	PRON
taxlaw-13768	461	23	to	to	PART
taxlaw-13768	461	24	tax	tax	VERB
taxlaw-13768	461	25	except	except	SCONJ
taxlaw-13768	461	26	with	with	ADP
taxlaw-13768	461	27	respect	respect	NOUN
taxlaw-13768	461	28	to	to	ADP
taxlaw-13768	461	29	section	section	NOUN
taxlaw-13768	461	30	1248	1248	NUM
taxlaw-13768	461	31	shareholders	shareholder	NOUN
taxlaw-13768	461	32	and	and	CCONJ
taxlaw-13768	461	33	u.s	u.s	PROPN
taxlaw-13768	461	34	.	.	PROPN
taxlaw-13768	461	35	shareholders	shareholder	NOUN
taxlaw-13768	461	36	of	of	ADP
taxlaw-13768	461	37	cfcs	cfcs	PROPN
taxlaw-13768	461	38	and	and	CCONJ
taxlaw-13768	461	39	then	then	ADV
taxlaw-13768	461	40	only	only	ADV
taxlaw-13768	461	41	to	to	ADP
taxlaw-13768	461	42	the	the	DET
taxlaw-13768	461	43	extent	extent	NOUN
taxlaw-13768	461	44	of	of	ADP
taxlaw-13768	461	45	the	the	DET
taxlaw-13768	461	46	subpart	subpart	ADJ
taxlaw-13768	461	47	f	f	PROPN
taxlaw-13768	461	48	,	,	PUNCT
taxlaw-13768	461	49	gilti	gilti	NOUN
taxlaw-13768	461	50	and	and	CCONJ
taxlaw-13768	461	51	section	section	NOUN
taxlaw-13768	461	52	1248	1248	NUM
taxlaw-13768	461	53	amounts	amount	VERB
taxlaw-13768	461	54	attributable	attributable	ADJ
taxlaw-13768	461	55	to	to	ADP
taxlaw-13768	461	56	their	their	PRON
taxlaw-13768	461	57	stock	stock	NOUN
taxlaw-13768	461	58	and	and	CCONJ
taxlaw-13768	461	59	their	their	PRON
taxlaw-13768	461	60	hybrid	hybrid	ADJ
taxlaw-13768	461	61	dividend	dividend	NOUN
taxlaw-13768	461	62	account	account	NOUN
taxlaw-13768	461	63	.	.	PUNCT
taxlaw-13768	462	1	this	this	DET
taxlaw-13768	462	2	position	position	NOUN
taxlaw-13768	462	3	is	be	AUX
taxlaw-13768	462	4	based	base	VERB
taxlaw-13768	462	5	on	on	ADP
taxlaw-13768	462	6	the	the	DET
taxlaw-13768	462	7	premise	premise	NOUN
taxlaw-13768	462	8	that	that	SCONJ
taxlaw-13768	462	9	our	our	PRON
taxlaw-13768	462	10	income	income	NOUN
taxlaw-13768	462	11	tax	tax	NOUN
taxlaw-13768	462	12	on	on	ADP
taxlaw-13768	462	13	corporate	corporate	ADJ
taxlaw-13768	462	14	earnings	earning	NOUN
taxlaw-13768	462	15	is	be	AUX
taxlaw-13768	462	16	best	well	ADV
taxlaw-13768	462	17	viewed	view	VERB
taxlaw-13768	462	18	as	as	ADP
taxlaw-13768	462	19	a	a	DET
taxlaw-13768	462	20	separate	separate	ADJ
taxlaw-13768	462	21	tax	tax	NOUN
taxlaw-13768	462	22	from	from	ADP
taxlaw-13768	462	23	the	the	DET
taxlaw-13768	462	24	shareholder	shareholder	NOUN
taxlaw-13768	462	25	income	income	NOUN
taxlaw-13768	462	26	tax	tax	NOUN
taxlaw-13768	462	27	on	on	ADP
taxlaw-13768	462	28	distributions	distribution	NOUN
taxlaw-13768	462	29	from	from	ADP
taxlaw-13768	462	30	corporations	corporation	NOUN
taxlaw-13768	462	31	,	,	PUNCT
taxlaw-13768	462	32	and	and	CCONJ
taxlaw-13768	462	33	that	that	SCONJ
taxlaw-13768	462	34	,	,	PUNCT
taxlaw-13768	462	35	beyond	beyond	ADP
taxlaw-13768	462	36	sections	section	NOUN
taxlaw-13768	462	37	881	881	NUM
taxlaw-13768	462	38	and	and	CCONJ
taxlaw-13768	462	39	882	882	NUM
taxlaw-13768	462	40	,	,	PUNCT
taxlaw-13768	462	41	we	we	PRON
taxlaw-13768	462	42	do	do	VERB
taxlaw-13768	462	43	not	not	PART
taxlaw-13768	462	44	and	and	CCONJ
taxlaw-13768	462	45	should	should	AUX
taxlaw-13768	462	46	not	not	PART
taxlaw-13768	462	47	assert	assert	VERB
taxlaw-13768	462	48	taxing	tax	VERB
taxlaw-13768	462	49	jurisdiction	jurisdiction	NOUN
taxlaw-13768	462	50	over	over	ADP
taxlaw-13768	462	51	the	the	DET
taxlaw-13768	462	52	corporate	corporate	ADJ
taxlaw-13768	462	53	level	level	NOUN
taxlaw-13768	462	54	earnings	earning	NOUN
taxlaw-13768	462	55	of	of	ADP
taxlaw-13768	462	56	a	a	DET
taxlaw-13768	462	57	foreign	foreign	ADJ
taxlaw-13768	462	58	corporation	corporation	NOUN
taxlaw-13768	462	59	that	that	PRON
taxlaw-13768	462	60	is	be	AUX
taxlaw-13768	462	61	not	not	PART
taxlaw-13768	462	62	a	a	DET
taxlaw-13768	462	63	cfc	cfc	NOUN
taxlaw-13768	462	64	.	.	PUNCT
taxlaw-13768	463	1	we	we	PRON
taxlaw-13768	463	2	do	do	AUX
taxlaw-13768	463	3	,	,	PUNCT
taxlaw-13768	463	4	of	of	ADP
taxlaw-13768	463	5	course	course	NOUN
taxlaw-13768	463	6	,	,	PUNCT
taxlaw-13768	463	7	assert	assert	VERB
taxlaw-13768	463	8	jurisdiction	jurisdiction	NOUN
taxlaw-13768	463	9	over	over	ADP
taxlaw-13768	463	10	distributions	distribution	NOUN
taxlaw-13768	463	11	to	to	ADP
taxlaw-13768	463	12	u.s	u.s	PROPN
taxlaw-13768	463	13	.	.	PROPN
taxlaw-13768	463	14	taxpayers	taxpayer	NOUN
taxlaw-13768	463	15	’	’	PART
taxlaw-13768	463	16	foreign	foreign	ADJ
taxlaw-13768	463	17	corporations	corporation	NOUN
taxlaw-13768	463	18	that	that	PRON
taxlaw-13768	463	19	are	be	AUX
taxlaw-13768	463	20	not	not	PART
taxlaw-13768	463	21	cfcs	cfc	VERB
taxlaw-13768	463	22	,	,	PUNCT
taxlaw-13768	463	23	and	and	CCONJ
taxlaw-13768	463	24	our	our	PRON
taxlaw-13768	463	25	methods	method	NOUN
taxlaw-13768	463	26	of	of	ADP
taxlaw-13768	463	27	taxing	tax	VERB
taxlaw-13768	463	28	them	they	PRON
taxlaw-13768	463	29	vary	vary	VERB
taxlaw-13768	463	30	from	from	ADP
taxlaw-13768	463	31	that	that	PRON
taxlaw-13768	463	32	of	of	ADP
taxlaw-13768	463	33	distributions	distribution	NOUN
taxlaw-13768	463	34	from	from	ADP
taxlaw-13768	463	35	domestic	domestic	ADJ
taxlaw-13768	463	36	corporations	corporation	NOUN
taxlaw-13768	463	37	for	for	ADP
taxlaw-13768	463	38	both	both	CCONJ
taxlaw-13768	463	39	individual	individual	ADJ
taxlaw-13768	463	40	and	and	CCONJ
taxlaw-13768	463	41	corporate	corporate	ADJ
taxlaw-13768	463	42	shareholders	shareholder	NOUN
taxlaw-13768	463	43	.	.	PUNCT
taxlaw-13768	464	1	but	but	CCONJ
taxlaw-13768	464	2	,	,	PUNCT
taxlaw-13768	464	3	as	as	SCONJ
taxlaw-13768	464	4	applied	apply	VERB
taxlaw-13768	464	5	to	to	ADP
taxlaw-13768	464	6	shareholders	shareholder	NOUN
taxlaw-13768	464	7	other	other	ADJ
taxlaw-13768	464	8	than	than	ADP
taxlaw-13768	464	9	section	section	NOUN
taxlaw-13768	464	10	1248	1248	NUM
taxlaw-13768	464	11	shareholders	shareholder	NOUN
taxlaw-13768	464	12	and	and	CCONJ
taxlaw-13768	464	13	u.s	u.s	PROPN
taxlaw-13768	464	14	.	.	PROPN
taxlaw-13768	464	15	shareholders	shareholder	NOUN
taxlaw-13768	464	16	in	in	ADP
taxlaw-13768	464	17	cfcs	cfc	NOUN
taxlaw-13768	464	18	,	,	PUNCT
taxlaw-13768	464	19	those	those	DET
taxlaw-13768	464	20	methods	method	NOUN
taxlaw-13768	464	21	are	be	AUX
taxlaw-13768	464	22	best	well	ADV
taxlaw-13768	464	23	viewed	view	VERB
taxlaw-13768	464	24	as	as	ADP
taxlaw-13768	464	25	variations	variation	NOUN
taxlaw-13768	464	26	in	in	ADP
taxlaw-13768	464	27	the	the	DET
taxlaw-13768	464	28	separate	separate	ADJ
taxlaw-13768	464	29	tax	tax	NOUN
taxlaw-13768	464	30	on	on	ADP
taxlaw-13768	464	31	184	184	NUM
taxlaw-13768	464	32	columbia	columbia	PROPN
taxlaw-13768	464	33	journal	journal	PROPN
taxlaw-13768	464	34	of	of	ADP
taxlaw-13768	464	35	tax	tax	NOUN
taxlaw-13768	464	36	law	law	NOUN
taxlaw-13768	465	1	[	[	X
taxlaw-13768	465	2	vol	vol	NOUN
taxlaw-13768	465	3	.	.	PUNCT
taxlaw-13768	466	1	16:2	16:2	NUM
taxlaw-13768	466	2	distributions	distribution	NOUN
taxlaw-13768	466	3	,	,	PUNCT
taxlaw-13768	466	4	not	not	PART
taxlaw-13768	466	5	as	as	ADP
taxlaw-13768	466	6	any	any	DET
taxlaw-13768	466	7	kind	kind	NOUN
taxlaw-13768	466	8	of	of	ADP
taxlaw-13768	466	9	proxy	proxy	NOUN
taxlaw-13768	466	10	for	for	ADP
taxlaw-13768	466	11	taxing	tax	VERB
taxlaw-13768	466	12	underlying	underlie	VERB
taxlaw-13768	466	13	foreign	foreign	ADJ
taxlaw-13768	466	14	corporate	corporate	ADJ
taxlaw-13768	466	15	earnings	earning	NOUN
taxlaw-13768	466	16	.	.	PUNCT
taxlaw-13768	467	1	the	the	DET
taxlaw-13768	467	2	consequence	consequence	NOUN
taxlaw-13768	467	3	of	of	ADP
taxlaw-13768	467	4	this	this	DET
taxlaw-13768	467	5	view	view	NOUN
taxlaw-13768	467	6	is	be	AUX
taxlaw-13768	467	7	that	that	SCONJ
taxlaw-13768	467	8	the	the	DET
taxlaw-13768	467	9	section	section	NOUN
taxlaw-13768	467	10	367(b	367(b	PROPN
taxlaw-13768	467	11	)	)	PUNCT
taxlaw-13768	467	12	regulations	regulation	NOUN
taxlaw-13768	467	13	should	should	AUX
taxlaw-13768	467	14	focus	focus	VERB
taxlaw-13768	467	15	on	on	ADP
taxlaw-13768	467	16	triggering	trigger	VERB
taxlaw-13768	467	17	or	or	CCONJ
taxlaw-13768	467	18	maintaining	maintain	VERB
taxlaw-13768	467	19	the	the	DET
taxlaw-13768	467	20	section	section	NOUN
taxlaw-13768	467	21	1248	1248	NUM
taxlaw-13768	467	22	and	and	CCONJ
taxlaw-13768	467	23	hybrid	hybrid	ADJ
taxlaw-13768	467	24	dividend	dividend	NOUN
taxlaw-13768	467	25	amounts	amount	VERB
taxlaw-13768	467	26	with	with	ADP
taxlaw-13768	467	27	regard	regard	NOUN
taxlaw-13768	467	28	to	to	ADP
taxlaw-13768	467	29	specific	specific	ADJ
taxlaw-13768	467	30	section	section	NOUN
taxlaw-13768	467	31	1248	1248	NUM
taxlaw-13768	467	32	shareholders	shareholder	NOUN
taxlaw-13768	467	33	and	and	CCONJ
taxlaw-13768	467	34	u.s	u.s	PROPN
taxlaw-13768	467	35	.	.	PROPN
taxlaw-13768	467	36	shareholders	shareholder	NOUN
taxlaw-13768	467	37	,	,	PUNCT
taxlaw-13768	467	38	not	not	PART
taxlaw-13768	467	39	on	on	ADP
taxlaw-13768	467	40	taxing	tax	VERB
taxlaw-13768	467	41	other	other	ADJ
taxlaw-13768	467	42	u.s	u.s	PROPN
taxlaw-13768	467	43	.	.	PROPN
taxlaw-13768	467	44	persons	person	NOUN
taxlaw-13768	467	45	on	on	ADP
taxlaw-13768	467	46	any	any	DET
taxlaw-13768	467	47	foreign	foreign	ADJ
taxlaw-13768	467	48	corporate	corporate	ADJ
taxlaw-13768	467	49	earnings	earning	NOUN
taxlaw-13768	467	50	that	that	PRON
taxlaw-13768	467	51	might	might	AUX
taxlaw-13768	467	52	be	be	AUX
taxlaw-13768	467	53	attributed	attribute	VERB
taxlaw-13768	467	54	to	to	ADP
taxlaw-13768	467	55	them	they	PRON
taxlaw-13768	467	56	in	in	ADP
taxlaw-13768	467	57	a	a	DET
taxlaw-13768	467	58	“	"	PUNCT
taxlaw-13768	467	59	delayed	delay	VERB
taxlaw-13768	467	60	tax	tax	NOUN
taxlaw-13768	467	61	”	"	PUNCT
taxlaw-13768	467	62	or	or	CCONJ
taxlaw-13768	467	63	“	"	PUNCT
taxlaw-13768	467	64	deferral	deferral	ADJ
taxlaw-13768	467	65	”	"	PUNCT
taxlaw-13768	467	66	paradigm	paradigm	NOUN
taxlaw-13768	467	67	.	.	PUNCT
taxlaw-13768	468	1	fortunately	fortunately	ADV
taxlaw-13768	468	2	,	,	PUNCT
taxlaw-13768	468	3	the	the	DET
taxlaw-13768	468	4	enactment	enactment	NOUN
taxlaw-13768	468	5	of	of	ADP
taxlaw-13768	468	6	section	section	NOUN
taxlaw-13768	468	7	245a	245a	PROPN
taxlaw-13768	468	8	as	as	SCONJ
taxlaw-13768	468	9	it	it	PRON
taxlaw-13768	468	10	applies	apply	VERB
taxlaw-13768	468	11	to	to	ADP
taxlaw-13768	468	12	corporate	corporate	ADJ
taxlaw-13768	468	13	shareholders	shareholder	NOUN
taxlaw-13768	468	14	and	and	CCONJ
taxlaw-13768	468	15	the	the	DET
taxlaw-13768	468	16	equalization	equalization	NOUN
taxlaw-13768	468	17	for	for	ADP
taxlaw-13768	468	18	individual	individual	ADJ
taxlaw-13768	468	19	shareholders	shareholder	NOUN
taxlaw-13768	468	20	of	of	ADP
taxlaw-13768	468	21	tax	tax	NOUN
taxlaw-13768	468	22	rates	rate	NOUN
taxlaw-13768	468	23	on	on	ADP
taxlaw-13768	468	24	dividends	dividend	NOUN
taxlaw-13768	468	25	and	and	CCONJ
taxlaw-13768	468	26	capital	capital	NOUN
taxlaw-13768	468	27	gains	gain	NOUN
taxlaw-13768	468	28	have	have	AUX
taxlaw-13768	468	29	potentially	potentially	ADV
taxlaw-13768	468	30	made	make	VERB
taxlaw-13768	468	31	embracing	embrace	VERB
taxlaw-13768	468	32	the	the	DET
taxlaw-13768	468	33	recommendations	recommendation	NOUN
taxlaw-13768	468	34	of	of	ADP
taxlaw-13768	468	35	this	this	DET
taxlaw-13768	468	36	article	article	NOUN
taxlaw-13768	468	37	possible	possible	ADJ
taxlaw-13768	468	38	even	even	ADV
taxlaw-13768	468	39	without	without	ADP
taxlaw-13768	468	40	agreement	agreement	NOUN
taxlaw-13768	468	41	on	on	ADP
taxlaw-13768	468	42	its	its	PRON
taxlaw-13768	468	43	premise	premise	NOUN
taxlaw-13768	468	44	.	.	PUNCT
taxlaw-13768	469	1	the	the	DET
taxlaw-13768	469	2	“	"	PUNCT
taxlaw-13768	469	3	tax	tax	NOUN
taxlaw-13768	469	4	avoidance	avoidance	NOUN
taxlaw-13768	469	5	”	"	PUNCT
taxlaw-13768	469	6	stakes	stake	NOUN
taxlaw-13768	469	7	in	in	ADP
taxlaw-13768	469	8	any	any	DET
taxlaw-13768	469	9	inbound	inbound	ADJ
taxlaw-13768	469	10	reorganization	reorganization	NOUN
taxlaw-13768	469	11	are	be	AUX
taxlaw-13768	469	12	now	now	ADV
taxlaw-13768	469	13	minimal	minimal	ADJ
taxlaw-13768	469	14	.	.	PUNCT
taxlaw-13768	470	1	as	as	ADP
taxlaw-13768	470	2	a	a	DET
taxlaw-13768	470	3	result	result	NOUN
taxlaw-13768	470	4	,	,	PUNCT
taxlaw-13768	470	5	revising	revise	VERB
taxlaw-13768	470	6	the	the	DET
taxlaw-13768	470	7	regulations	regulation	NOUN
taxlaw-13768	470	8	dealing	deal	VERB
taxlaw-13768	470	9	with	with	ADP
taxlaw-13768	470	10	inbound	inbound	ADJ
taxlaw-13768	470	11	transactions	transaction	NOUN
taxlaw-13768	470	12	in	in	ADP
taxlaw-13768	470	13	a	a	DET
taxlaw-13768	470	14	manner	manner	NOUN
taxlaw-13768	470	15	that	that	PRON
taxlaw-13768	470	16	ends	end	VERB
taxlaw-13768	470	17	the	the	DET
taxlaw-13768	470	18	acceleration	acceleration	NOUN
taxlaw-13768	470	19	of	of	ADP
taxlaw-13768	470	20	u.s	u.s	PROPN
taxlaw-13768	470	21	.	.	PROPN
taxlaw-13768	470	22	tax	tax	NOUN
taxlaw-13768	470	23	on	on	ADP
taxlaw-13768	470	24	u.s	u.s	PROPN
taxlaw-13768	470	25	.	.	PROPN
taxlaw-13768	470	26	persons	person	NOUN
taxlaw-13768	470	27	holding	hold	VERB
taxlaw-13768	470	28	foreign	foreign	ADJ
taxlaw-13768	470	29	corporation	corporation	NOUN
taxlaw-13768	470	30	stock	stock	NOUN
taxlaw-13768	470	31	,	,	PUNCT
taxlaw-13768	470	32	beyond	beyond	ADP
taxlaw-13768	470	33	the	the	DET
taxlaw-13768	470	34	section	section	NOUN
taxlaw-13768	470	35	1248	1248	NUM
taxlaw-13768	470	36	amount	amount	NOUN
taxlaw-13768	470	37	and	and	CCONJ
taxlaw-13768	470	38	any	any	DET
taxlaw-13768	470	39	hybrid	hybrid	ADJ
taxlaw-13768	470	40	dividend	dividend	NOUN
taxlaw-13768	470	41	amounts	amount	NOUN
taxlaw-13768	470	42	of	of	ADP
taxlaw-13768	470	43	relevant	relevant	ADJ
taxlaw-13768	470	44	shareholders	shareholder	NOUN
taxlaw-13768	470	45	,	,	PUNCT
taxlaw-13768	470	46	would	would	AUX
taxlaw-13768	470	47	seem	seem	VERB
taxlaw-13768	470	48	to	to	PART
taxlaw-13768	470	49	be	be	AUX
taxlaw-13768	470	50	a	a	DET
taxlaw-13768	470	51	proposal	proposal	NOUN
taxlaw-13768	470	52	most	most	ADJ
taxlaw-13768	470	53	policymakers	policymaker	NOUN
taxlaw-13768	470	54	can	can	AUX
taxlaw-13768	470	55	support	support	VERB
taxlaw-13768	470	56	.	.	PUNCT
taxlaw-13768	471	1	in	in	ADP
taxlaw-13768	471	2	the	the	DET
taxlaw-13768	471	3	end	end	NOUN
taxlaw-13768	471	4	,	,	PUNCT
taxlaw-13768	471	5	understanding	understand	VERB
taxlaw-13768	471	6	that	that	SCONJ
taxlaw-13768	471	7	the	the	DET
taxlaw-13768	471	8	fundamental	fundamental	ADJ
taxlaw-13768	471	9	premises	premise	NOUN
taxlaw-13768	471	10	of	of	ADP
taxlaw-13768	471	11	the	the	DET
taxlaw-13768	471	12	existing	exist	VERB
taxlaw-13768	471	13	regulations	regulation	NOUN
taxlaw-13768	471	14	may	may	AUX
taxlaw-13768	471	15	well	well	ADV
taxlaw-13768	471	16	have	have	AUX
taxlaw-13768	471	17	been	be	AUX
taxlaw-13768	471	18	a	a	DET
taxlaw-13768	471	19	mistake	mistake	NOUN
taxlaw-13768	471	20	should	should	AUX
taxlaw-13768	471	21	just	just	ADV
taxlaw-13768	471	22	make	make	VERB
taxlaw-13768	471	23	it	it	PRON
taxlaw-13768	471	24	easier	easy	ADJ
taxlaw-13768	471	25	to	to	PART
taxlaw-13768	471	26	achieve	achieve	VERB
taxlaw-13768	471	27	that	that	DET
taxlaw-13768	471	28	support	support	NOUN
taxlaw-13768	471	29	.	.	PUNCT