3c7dcc6dbade768a1d5c53fbbdf60e8d58723eb2

US Treasury issues new rules on corporate tax avoidance

The new rules will in some circumstances treat debt as equity and require companies claiming deductions on related-party loans to provide documentation, as they would for third-party loansThe new regulations join a rule the Treasury adopted in April to dissuade companies from engaging in so-called “corporate inversions,” when companies move abroad to reduce or eliminate their tax burdens. Earnings stripping is commonly used to lower taxes after such inversions and involves deducting interest payments on loans to affiliated corporate entities, according to the Treasury Department. Treasury Secretary Jacob Lew said Thursday that his department was taking action because lawmakers had not.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
#Pence pushes for email privacy - POLITICO https://t.co/2Mc1PycrM1 #privacy https://t.co/ENnWuDjz7i - 3 weeks ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *