A federal rule aimed at limiting corporate "earnings stripping'' for tax avoidance purposes may pose an undue burden on taxpayers and may be changed or rescinded, according to a U.S. Internal Revenue Service notice.
The notice, published Friday afternoon, cites seven other tax-related regulations that will be subjected to additional scrutiny and possible changes later this year, including a controversial measure designed to prevent deep discounts in the valuation of estates for tax purposes.
In April, President Donald Trump ordered the U.S. Treasury Department to review federal tax regulations issued after Jan. 1, 2016. The review would target "things that are significant and create complexity and undue burdens,'' Treasury Secretary Steven Mnuchin said at the time.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
