Law360 (December 2, 2019, 4:41 PM EST) -- The U.S. Treasury Department on Monday issued final regulations for the base erosion and anti-abuse tax that provide exceptions for certain noncash transactions, such as when an American company purchases depreciable or amortizable assets from a foreign affiliate.
Treasury issued final regulations for the base erosion and anti-abuse tax, with exceptions for certain noncash transactions. (AP) The final regulations provide exceptions for intercompany transactions that involve noncash payments from U.S. businesses to foreign affiliates that could otherwise qualify as base erosion payments subject to the BEAT's limit on deductions. These transactions include intercompany exchanges where there may not be recognized gains or...
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!