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IRS to Review Rule Aimed at Corporate 'Earnings Stripping'

The Obama administration's regulation had been criticized.

By Lynnley Browning, Bloomberg | Updated on July 09, 2017

A federal rule aimed at limiting corporate “earnings stripping’’ for tax avoidance purposes may pose an undue burden on taxpayers and may be changed or rescinded, according to a U.S. Internal Revenue Service notice.

The notice, published Friday afternoon, cites seven other tax-related regulations that will be subjected to additional scrutiny and possible changes later this year, including a controversial measure designed to prevent deep discounts in the valuation of estates for tax purposes.

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