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.
The Bank of England has initiated a review of its own exposure to LIBOR,
Scott Cammarn, Jonathan Watkins, Mark Chorazak, Aaron Lang
On 7 June 2019, Regulation (EU) 2019/876 (CRR II) was published in the Official Journal of the EU.