5 Notable Tax Laws And Regulations Of 2016: Midyear Report
Law360, New York (July 12, 2016, 8:53 PM EDT) -- The tax world has seen major shifts this year, with corporate tax avoidance being top of mind for regulators across the globe. Here, Law360 looks at policy changes including controversial anti-inversion regulations and mandatory country-by-country reporting rules that have been introduced to deter tax avoidance practices.
The Internal Revenue Service's proposed regulations to curb corporate inversion deals that are struck to avoid taxes have drawn a lot of heat from not only pro-business groups, but Democrats and Republicans as well.
"I have never seen such consistent opposition," Peter Connors, a tax partner at Orrick Herrington & Sutcliffe LLP said....
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