Grossman, Mooradian, Robertson File Comments Opposing Proposed Hikes on Estate Transfer Taxes

Articles / November 8, 2016

Partners Andrew Grossman, George Mooradian and Kevin Robertson authored public comments on the Department of Treasury’s proposed regulations on “Estate, Gift, and Generation-Skipping Transfer Taxes; Restrictions on Liquidation of an Interest.” The comments, submitted on behalf of the Family Business Estate Tax Coalition,” analyze the proposed changes and argue that they exceed Treasury’s legal authority, are unreasonable, will have unfair consequences and establish arbitrary policy. The authors write:

If finalized, the regulations could increase estate and gift tax liabilities by 30 percent or more on family-owned businesses, resulting in fewer family businesses surviving from one generation to the next.

Read the comments.