Overview
Bloomberg BNA quoted Steptoe Chair Phil West in an article titled “New IRS Guidance on Corporate Inversions Mostly Prospective.” The article, published November 20, discusses new guidance issued by the IRS to make it tougher and less attractive for US companies to move their addresses outside the United States to reduce taxes.
Mr. West says it is likely that recently announced deals prompted new urgency for releasing these rules, “but it is equally evident that they have been under consideration for longer than the period since the biggest of those recent deals was announced.”
Mr. West was also quoted by Bloomberg BNA in subsequent articles on the response to the new IRS guidance and related corporate merger.
The full articles can be read at Bloomberg BNA.