Jeff Paravano Predicts Repeal of Earnings-Stripping Rules within Months

News / February 15, 2017

Partner Jeff Paravano is quoted in an article published Feb. 14, 2017, by Bloomberg BNA’s “Daily Tax Report.” The article, “No Answers as Pressure Surrounding Debt-Equity Rules Grows,” discusses the uncertainty surrounding the future of the Obama administration’s earnings-stripping rules for multinational companies.

Paravano told the publication that he expects the Treasury Department to repeal the rules within the next six weeks or so. After that, he said Treasury might have “breathing room” to comply with an executive order from President Trump that requires federal agencies to cut two burdensome or costly regulations for each new one. Paravano said the costs of the earnings-stripping rules are so high that if they are repealed, it would leave room for other regulations.

Read the article (registration required).

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