Treasury Department, IRS Issue Proposed Rules on Tax Impact of Transition from Libor

Douglas Youngman and Christopher Fiore Marotta discuss the proposed regulations addressing uncertainty surrounding the tax impact of the discontinuation of Libor, coming in 2021. The proposed rules are taxpayer-friendly, intended for certainty and flexibility and intended to ease the transition. The authors will discuss all of the regulations in detail in the February 2020 edition of The Banking Law Journal.

READ: Treasury Department, IRS Issue Proposed Rules on Tax Impact of Transition from Libor