To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. December 19, 2005 Treasury and IRS Announce U.S. Federal Tax The Department of the Treasury today announced that the Treasury Department and the Internal Revenue Service have issued a revenue ruling that addresses the The revenue ruling responds to numerous regarding the effect that newly enacted Japanese laws have on the existing Yugen Kaisha (YK) business entity. Under the new Japanese laws, all existing YKs will be converted into Tokurei Yugen Kaisha (TYK) business entities, and will be considered a type of Kabushiki Kaisha (KK) business entity. Generally under the entity classification regulations, which apply for The revenue ruling concludes that even though a YK that becomes a TYK under the new Japanese law will be considered a type of KK business entity under such law, it will, for
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