We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Tax Law Could Keep IP From Leaving, Treasury Official Says

Law360, Houston (February 22, 2018, 9:51 PM EST) -- An international provision in the new tax law might not result in U.S. companies bringing intellectual property back home, but the measure could keep them from moving more assets outside of American borders, a U.S. Treasury official said Thursday at a conference in Houston.

Brian Jenn, deputy international tax counsel at Treasury, responded to tax practitioners who said a provision in the Tax Cuts and Jobs Act, P.L.115-97, won’t actually have its intended effect of encouraging companies to repatriate their offshore IP. The practitioners who raised...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.