Is there any chance the Section 385 regulations will remain in place, or is it a foregone conclusion that these regulations will be repealed? At A&M, we are keeping a close eye on the administration's position relative to earnings stripping and tax inversions, as well as what it could mean for your business. Read the latest in this Reuters article here.
Last week, Senate Finance Committee Democrats asked Treasury Secretary Steven Mnuchin to leave in place regulations adopted under President Barack Obama to combat earnings stripping and tax inversions.
https://www.reuters.com/article/us-usa-trump-tax-idUSKBN1990HC