Jul 18, 2017
Linda Swartz comments to TP Week about President Trump’s plans to revoke Obama-era anti-tax avoidance measures including earnings stripping rules, which could cause an upsurge of inversions.
An excerpt from "Trump Set to Axe US Anti-tax Avoidance Measures," TP Week, July 18, 2017:
The earnings stripping rules’ “overbreadth, questionable legal underpinnings and lack of administrability” make them a “popular target for revocation,” said Linda Swartz, chair of Cadwalader, Wickersham & Taft’s tax group in New York.
“The government would clearly have the authority to revoke the regulations, and if they do so, multinationals will have far fewer hoops to jump through to effect routine intra-group debt transactions, including those involving cash management, that are not undertaken for any tax avoidance purpose,” Swartz told TP Week.
Scott Cammarn, Mark Chorazak, Jonathan Watkins,Chris Gavin, Joseph Beach, Peter Morreale
Richard Brand, Stephen Fraidin, Jonathan Watkins, James Fee
Michele Maman, Thomas Curtin, Anthony De Leo, Donny Ariel
Jeffrey Rotblat will discuss "Accumulation/Aggregation/Alternative Exit Strategies" at this event.