Bulletin No. 1996–40 September 30, 1996

TAX CONVENTIONS

Page 8. The bilateral agreements between the United States and the Republic of Fiji, providing for the reciprocal tax exemption of income from the international operation of ships and/or aircraft, are set forth.

ADMINISTRATIVE

Del. Order 155 (Rev. 4), page 9. This order gives authority to sign recommendation letters for nonsuit settlements to the Regional Counsel and District Counsel in the field and to the Deputy Associate Chief Counsel and Assistant Chief Counsel in the National Office.

Announcement 96–95, page 10. Waiver or reimbursement of expenses of a regulated investment company. Comments are requested on what effect the allocation of a waiver or reimbursement or the allocation of certain differences in advisory fees to specific shares of a regulated investment company should have on the deduction for dividends paid.

Announcement 96–102, page 12. T.D. 8675, 1996–29 I.R.B. 5, relating to the modification of debt instruments, is corrected.

Announcement 96–103, page 13. T.D. 8677, 1996–30 I.R.B. 7, relating to the deductions and losses of members and also the carryover and carryback of losses to consolidated returns, is corrected.