The Tax Cuts and Jobs Act replaced the earnings stripping rules with a new limitation on deductions for business interest expense. Our International Tax Group examines the new law and what it means for interest expense deductions going forward. Special rules for partnerships and S corporations Rules for corporations What the new limitation leaves out Read the full advisory here. [...]Read more
Our International Tax Group discusses the new rules found in Treasury’s final regulations on passive foreign investment companies.
Read the full advisory by clicking here.