trending Market Intelligence /marketintelligence/en/news-insights/trending/Kdl1w82zGvh-iUvPqNcdeA2 content esgSubNav
In This List

Trump administration to retain Obama-era rules curbing corporate inversions

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector

Blog

Insight Weekly: Energy reforms after midterms; Crisis ends 'age of gas'; bank deposits fall


Trump administration to retain Obama-era rules curbing corporate inversions

U.S. President Donald Trump's administration will preserve for now tax regulations designed by the previous administration to curb corporate inversions, the Department of the Treasury said.

"Treasury plans to retain the distribution regulations under Section 385 pending enactment of tax reform," the Treasury said in a statement, explaining that the rules are "necessary to safeguard against earnings stripping," a corporate tax-reduction tactic.

The agency said it would be "irresponsible" to revoke the distribution regulations before the enactment of tax reform, which would eliminate the need for such rules. The department also said it is considering ways to simplify the rules and ease compliance.