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Beyond Foiling Pfizer, U.S Aims at Intra-Company Loans 'Fiction'
2016-04-11 20:01:35| Biotech - Topix.net
Escalating a 19-month regulatory assault against U.S. companies' shifting their tax addresses offshore, President Barack Obama's administration last week also went after companies that have always been overseas. A proposed regulation from the Treasury Department targets loans that foreign companies make to their U.S. subsidiaries - a technique that loads the American units with tax-deductible interest payments while shifting their profits offshore.
Tags: fiction
loans
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pfizer
Category:Biotechnology and Pharmaceuticals