Weekly News

Businesses Say Proposed Tax Rule Is Too Complicated

July 06,2016 17:06

Corporations and business groups, increasingly worried about the scope of the proposed Treasury rules, say U.S. officials underestimate the difficulty of creating systems to track and document internal loans and fail to understand how the rules disrupt ...and more »



The federal government says U.S. corporations will spend a combined $13 million annually complying with proposed tax rules on internal corporate debt. But an industry trade group estimates that could be the cost for just one company. That divide over compliance costs is one flashpoint in a widening regulatory dispute between companies and the Obama administration, and the tensions could rise in coming months as the government tries...

internal company loans,loan regulations,nam,tax ruling,tax treatment of internal loans,treasury department rules,u.s. tax policy,Nielsen Holdings,NLSN,Mallinckrodt,MNK,Markit,MRKT,S&P Global,SPGI,Microsoft,MSFT,National Association of Manufacturers,Treasury,Republic Services,RSG,regulation,government policy,corporate,industrial news,corporate taxation,government finance,government budget,taxation,economic news,political,general news,crime,legal action,financial crime,fraud,politics,international relations,domestic politics,market research,public relations,opinion polling,professional bodies,advertising,marketing,business,consumer services

Share this article

Related videos

Why I read a book a day (and why you should too): the law of 33% | Tai Lopez | TEDxUBIWiltz
Why I read a book a day (and why you should too...
"Highest tax rates in the world" and other basi...

DON'T MISS THIS STORIES