A propos de Gide
Fondé à Paris en 1920, Gide est l’un des principaux cabinets d’avocats internationaux.
International
Gide intervient dans de nombreux pays et est implanté dans six régions du monde, avec 11 bureaux.
Fondé à Paris en 1920, Gide est l’un des principaux cabinets d’avocats internationaux.
Gide intervient dans de nombreux pays et est implanté dans six régions du monde, avec 11 bureaux.
9 décembre 2016
Client Alert | USA | Tax
On October 13, 2016, the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service (“IRS”) published highly anticipated final rules setting forth circumstances in which certain intercompany debt would be reclassified as equity (the “Final Rules”). Following the earlier publication on April 4, 2016 of exceedingly broad and controversial proposed regulations (“Proposed Rules”) which generated an overwhelming reaction by the tax bar and taxpayers, the Final Rules cover a narrower scope of transactions, though not without significant impact for those within its reach. At its core, the Final Rules lay out specific circumstances under which purported debt can or will be recharacterized as equity. While there are significant exclusions available, foreign taxpayers with U.S. activities will need to understand the scope and mechanics of the rules because, absent the clear application of an exemption, their typical cross-border tax transactions may be impacted. As an additional complication, the imminent ascendancy come January 20, 2017 of a Republican administration in the United States undoubtedly will shift priorities and introduce changes to the U.S. federal income tax (“USFIT”) regime, including potentially rolling back the Final Rules. Consequently, taxpayers should closely monitor developments over the course of the coming year.
Please click on the file below to read the full Client Alert.
