Len Teti Authors Blog Post on U.S. Treasury’s Loosening of “Earnings Stripping” Rules for European Tax Blog

Cravath partner J. Leonard Teti II authored a blog post entitled “US Treasury Department Loosens ‘Earnings Stripping’ Rules,” which was published by European Tax Blog on November 4, 2019. The article discusses the Treasury Department’s recent decision to loosen rules designed to limit the practice of establishing intercompany debt from a U.S. company to a foreign affiliate. Len noted that the changes will reduce compliance burdens for taxpayers and make it easier to establish intercompany loans.

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