Overview
- The New York Times reported that under-the-radar proposed regulations and interim IRS guidance have eased tax burdens for private equity firms, crypto companies, multinational corporations and foreign real estate investors.
- In August, the IRS proposed rolling back rules designed to stop multinationals from claiming duplicate losses across countries.
- In September, interim guidance on the minimum corporate tax let companies disregard unrealized digital-asset gains and losses in calculating adjusted financial statement income.
- Strategy Inc disclosed it no longer expects to be subject to the minimum tax, and Cheniere Energy said it is entitled to a $380 million refund under the September guidance.
- A Treasury spokesperson defended the approach as pro-investment simplification, and reporting links the moves to President Trump’s broader tax agenda that the CBO has estimated would significantly reduce federal revenues.