Overview
Bloomberg BNA quoted Lisa Zarlenga in a December 13 article titled “No End in Sight to Earnings-Stripping Controversy.” The article discusses a tax overhaul that Congress is working on that could take away interest deductions on loans, even as it exempts foreign earnings.
Ms. Zarlenga says a tax overhaul that addresses earnings-stripping issues could leave taxpayers facing possible conflicts during the transition. “If you’re implementing a tax reform system, you’re going to have this period where the old rules apply,” and that could spell complications for taxpayers, she says.
The full article can be read at Bloomberg BNA.
