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Industry News
12th July 2017

Treasury opts to revisit tax regulations causing problems for manufacturers

The Treasury Department in a notice issued said it plans to propose reforms, including possible repeal, of eight sets of regulations issued in 2016 by the Obama Administration. Included on the list are four regulation projects of specific concern to manufacturers: Sec. 385 debt-equity rules, proposed rules on valuing minority interests in family-owned businesses, rules for calculating gains and losses on currency exchanges and regulations allowing contractors hired by the Internal Revenue Service (IRS) to fully participate in summons interviews and receive summoned documents.

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