Tax & Accounting Blog

U.S. Representatives Attempt to Halt Finalization of Proposed 385 Regulations

U.S. Representatives Attempt to Halt Finalization of Proposed 385 Regulations

In a last-ditch effort to halt the finalization of the Proposed Section 385 Regulations (Prop. Regs.), members of the U.S. House Ways and Means Committee warned administration officials that these regulations now under final review at the White House Office of Management and Budget (OMB) need to be revised to avoid unintended harm … Read More

Global Trade Trends: Aligning Customs with Transfer Pricing Operations

Global Trade Trends: Aligning Customs with Transfer Pricing Operations

By Taneli Ruda and Sam Cicogna As the pace and scope of global regulation around tax avoidance strategies continues to increase, transfer pricing policy is becoming top-of-mind for multinational companies. Of particular interest is how intra-company transfer pricing and customs work together—or sometimes don’t—so I asked Sam Cicogna, my colleague and a transfer pricing expert, … Read More

U.S.  Executive Branch Reviewing Proposed Debt-Equity Regulations

U.S. Executive Branch Reviewing Proposed Debt-Equity Regulations

On September 30, 2016, the White House Office of Information and Regulatory Affairs (OIRA) updated its description of the Proposed Section 385 Regulations, which are now classified as "economically significant" and having "international impacts.” A regulatory action is determined to be "economically significant" if OIRA determines that it is likely to … Read More