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Will Trump Weaken Corporate Inversion Rules?

The Treasury Department is looking at loosening or removing Obama guidelines designed to prevent U.S. companies' offshoring of earnings.

By Allyson Versprille, Isabel Gottlieb & Laura Davison | October 08, 2019 at 10:30 AM

Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes, according to several people familiar with the discussions.

The Treasury is looking at regulations intended to prevent American firms from lowering their U.S. tax bills by shifting income to their offshore branches that they can loan to their domestic branches and deduct the interest off their IRS bills. The department is also contemplating repealing them entirely to replace them with something more business-friendly.

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