November 1, 2019

Bloomberg: Treasury Plans to Weaken Rules Meant to Stop Corporate Tax Avoidance

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The Treasury Department should tread cautiously in weakening these rules now while Democratic lawmakers are eager to repeal large portions of the 2017 tax overhaul, said Matt Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy. If the next Congress makes changes to the overhaul, these rules might be an important backstop to prevent companies from moving offshore, he said.

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