3 Corporate Tax Management Cost Saving Strategies to Consider
Growing multinational companies juggle many tax responsibilities. Here are some tips for keeping all the balls in the air.
Since its enactment in 1986, the Section 987 landscape has seen its fair share of changes. The first set of proposed regulations came out in 1991, and taxpayers have been using those regulations and various other methodologies ever since. Over the years, there have been numerous sets of regulations proposed, finalized, and deferred.
Now we find ourselves with a new set of proposed regulations issued in November 2023 for Section 987. But are these the final ones?
These 2023 proposed regulations maintain the same methodology as the 2016 final regulations while introducing certain simplifying elections. If the 2023 proposed regulations are finalized, with general applicability beginning with the 2025 tax year, transitioning to a new Section 987 methodology will create a lot of work for tax departments.
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