News

Jeff Paravano, Paul Schmidt Talk to Bloomberg about Earnings-Stripping Issues

News / December 14, 2016

Partners Jeff Paravano and Paul Schmidt are quoted in a story published Dec. 13, 2016, by Bloomberg BNA. The article, “No End in Sight to Earnings-Stripping Controversy,” discusses controversy surrounding efforts to crack down on companies that use offshore loans to move income out of the United States, threatening interest deductions and raising the possibility of withholding taxes. Paravano and Schmidt told Bloomberg that they expect dealing with interest stripping will be part of expected tax reform under the Trump administration.

Read the article (registration required).