Private Equity Looks to Avoid Tax Hit in Passive Investment Regs
Irina Pisareva was quoted in the article, "Private Equity Looks to Avoid Tax Hit in Passive Investment Regs," which was published by Bloomberg Law [sub. req.] on December 8, 2020.
The article discusses private equity firms' hope that Treasury will provide guidance that protects minority shareholders from higher taxes on their passive offshore investments, an issue that was not addressed in the most recent final rules released last week. “Hopefully, the IRS will introduce practical safe harbors and methods to allow taxpayers to comply with the new rules without an undue information gathering burden,” said Irina.