October 5, 2016

The Hill: Companies eyeing banks’ help with Treasury’s debt-equity rules

media mention

“But if Treasury exempts banks and other heavily regulated industries under section 385, it would ‘eviscerate’the department’s goal in clamping down on earnings stripping, warned Matthew Gardner, executive director of the Institute on Taxation and Economic Policy. Financial companies are ‘heavy users of offshore tax haven subsidiaries,’ he added.”



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