Global Automakers

Joint Letter Details Concerns About Proposed Debt-Equity Regulations

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May 12, 2016

In a letter to United States Treasury Secretary Jacob Lew, the Association of Global Automakers expressed serious concerns about the potential impact of the proposed debt-equity regulations under Internal Revenue Code section 385 released by the Treasury Department on April 4, 2016. The letter states the proposed guidance, which overturns long-standing tax principles and well-established case law and regulations, will significantly increase the cost of doing business in the United States, and create further obstacles to much needed investment, job creation and economic growth. 

The letter was co-signed by:
Advanced Medical Technology Association
American Chemistry Council
American Forest & Paper Association
American Petroleum Institute
Association of Global Automakers
Business Roundtable
Distilled Spirits Council
​Financial Executives International
Information Technology Industry Council
National Association of Manufacturers
National Foreign Trade Council
National Retail Federation
Organization for International Investment
Retail Industry Leaders Association
S Corporation Association
Securities Industry and Financial Markets Association
Semiconductor Industry Association
Software Finance and Tax Executives Council Trans-Atlantic Business Council
U.S. Chamber of Commerce
United States Council for International Business
United States Telecom Association 

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