Treasury Issues Final Controversial Debt-To-Equity Rules
Law360, Washington (October 13, 2016, 7:54 PM EDT) -- The U.S. Treasury Department issued its final debt-to-equity rules Thursday, with changes to exempt certain kinds of corporations, employee stock plans and others from regulations meant to curb the tax benefits of corporate inversions.
A Treasury statement said the final rules would "balance the operational needs of companies while preventing the erosion of our U.S. corporate tax base," by exempting foreign subsidiaries of multinationals, S-corporations, mutual funds, real estate investment trusts and transactions between banks from a regime that would allow the IRS to treat transactions as part debt and part equity when calculating taxes, rather than wholly one or the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!