Trump Weighs Weakening Obama Rules to Curb Corporate Inversions
- Change would narrow regulations on overseas tax breaks
- Republicans say rules aren’t necessary after 2017 tax overhaul
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Treasury 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.