OrbitaxOrbitax

U.S. Senators Urge Treasury to Delay Proposed Debt-Equity regulations under IRC section 385

|Proposed Changes|United States
United States

In a letter dated 1 July 2016, seven U.S. Senators from the Senate Finance Committee urge Treasury Secretary Jacob Lew to delay the proposed debt-equity regulations under Internal Revenue Code section 385 (REG-108060-15). The regulations are mainly intended to counter corporate inversions and earnings stripping by allowing the IRS to recharacterize certain related-party interests as equity or p…

Continue Reading