Insurers Win, Non-Bank Lenders Lose in Passive Investment Rules
Irina Pisareva was quoted in the article, "Insurers Win, Non-Bank Lenders Lose in Passive Investment Rules," which was published in Bloomberg Law on December 10, 2020.
The article discusses the industry impacts of new Treasury tax rules released December 4. Insurance companies will find it easier to avoid higher taxes on passive investments while non-bank lenders may end up paying more in taxes on passive offshore investments. “It is a mixed bag—the Treasury Department and the IRS made some useful additions and clarifications in the final regulations and have kept the door open for further refinements,” said Irina.