Effect of IRC Debt-Equity Regs on SALT World Remains Uncertain

Overview


Peter Faber said at New York University that “it is not clear at this point whether the states will adopt the [IRC Section] 385 debt-equity regulations or adopt principles of them. In fact, it’s not even clear that the feds won’t revoke them,” Mr. Faber added, since President-Elect Trump’s position on corporate inversions, which the regulations were meant to curb, is still not certain.