Interest Deduction Loss May Lower Demand For Borrowing
Law360, New York (March 3, 2017, 3:15 PM EST) -- The tax treatment of imports and exports has dominated the conversation around proposals to revamp tax laws, but experts caution that financial institutions and companies that rely heavily on leveraging debt should also pay close attention to how plans to ax deductions for interest expenses could lead to reduced borrowing.
Both the House Republicans and President Donald Trump have put forward varying proposals to eliminate tax deductions for interest paid on loans — a move that could hurt the profit margins of lending institutions if it forces businesses to borrow less and rely on equity investments instead such as issuing company...
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