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Analysis

Outcome Cloudy On Int'l Interest Deductions In Tax Bill

Law360, Washington (December 7, 2017, 4:12 PM EST) -- As tax writers work to align the tax reform bills passed in both houses of Congress, tax specialists predicted the Senate version’s international tax provisions would prevail over those in the House bill in most instances, but suggested the final version of the limit on interest deductions from international group members was harder to predict.

Practitioners said they expected the “base erosion and anti-abuse tax,” or BEAT, in the Senate version of the Tax Cuts and Jobs Act would win out over the 20 percent excise...
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