Treasury Secretary Mnuchin said the regs "serve no useful purpose to taxpayers."

Thousands of foreign firms, from Ford to Alibaba, will have to re-examine VIE and joint venture agreements in the country.

British pound benefits from today's vote in U.K. Parliament, but no-deal Brexit is still a possibility if EU doesn't agree to a delay.

Among the countries "named and shamed" as alleged tax havens, UAE's inclusion created the most buzz in EU discussions prior to release of the list.