jueves, 1 de diciembre de 2016

US: New Section 385 regulations significantly limit scope

On 13 October US Treasury and the IRS released final and temporary Section 385 regulations, which address whether certain instruments between related parties are treated as debt or equity.

The regulations were announced in a press conference by Treasury Secretary Jack Lew, who stated that “we sought comments to help narrow the rule and avoid unintended consequences.”

The government made significant changes in the final regulations in response to taxpayer comments, dramatically narrowing the application of the rules to better focus on related party financings that have potential to erode the US tax base.

Source & more info: PwC

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