Topic
Interest Deductions
16 published works
Tax Controversy 360
UK Government Confirms Introduction of New Cap on Interest Deductibility
The UK Government has recently confirmed that it will be introducing a new cap on interest deductibility. Under the new rule, the ability of groups to obtain tax relief for…
SALT Shaker
A Reasonable Result in Massachusetts: Related Party Interest Deductions Allowed Under the Unreasonable Exception
By Stephen Burroughs, Jonathan Feldman and Open Weaver Banks In a significant taxpayer win, the Massachusetts Appellate Tax Board (ATB) held that intercompany interest payments from a wholly owned subsidiary…
La Revue
Premiers commentaires de l’administration sur le dispositif de limitation de la déduction des charges financières (article 212, I-b du CGI)
Un nouveau dispositif de limitation de la déduction des charges financières a été instauré par la loi de finances pour 2014 (article 212, I-b du CGI) et interdit la déduction…
SALT Shaker
Isn’t It a Sham? Indiana Disallows Deduction for Interest Payments Made to Affiliate
By Mary Alexander and Andrew Appleby The Indiana Department of Revenue disallowed a taxpayer’s deduction for interest expenses accrued to a subsidiary because the Department considered the loan a sham.…
SALT Shaker
“Loan” Star Mishap: Texas Muddies Water on Interest Expense Deduction for “Loans to the Public”
Companies that provide financing to customers in Texas to purchase and lease equipment may be shocked to learn that their interest expense may not be deductible as a cost of…
European Union and Italian International Tax Law Blog
The New Consolidated Corporate Income Tax Form for 2009 Addresses Interest Deduction Limitations in Consolidated Groups
By Marco Rossi
New corporate tax form for 2009 implements new provisions on deduction of interest expenses within the tax consolidated group