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  Trump Weighs Weakening Obama Rules to Curb Corporate Inversions
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ContributorRP 
Last EditedRP  Oct 08, 2019 04:49pm
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CategoryRule Change
AuthorAllyson Versprille , Isabel Gottlieb , and Laura Davison
News DateTuesday, October 8, 2019 08:20:00 PM UTC0:0
DescriptionTreasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes, according to several people familiar with discussions.

The Treasury is looking at regulations intended to prevent American firms from lowering their U.S. tax bills by shifting income to their offshore branches that they can loan to their domestic branches and deduct the interest off their Internal Revenue Service bills. The department is also contemplating repealing them entirely to replace them with something more business-friendly.
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