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ACE, Inc., a US corporation, borrows money from FC Ltd. an unrelated foreign corporation. ACE...

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Accounting

ACE, Inc., a US corporation, borrows money from FC Ltd. an unrelated foreign corporation. ACE receives a valid Form W-8(W-8BEN-E) from FC and the debt is registered. ACE does not have to withhold 30% on interest payments made to FC.

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