WASHINGTON—The U.S. Treasury Department on Friday announced plans to alter the Obama administration’s high-profile rule aimed at stemming cross-border corporate tax avoidance, marking the latest attempt from the Trump administration to be more business-friendly. A rule limiting the tax benefits of intercompany loans was among the Obama administration’s most controversial, and tax experts had expected it to appear on the Treasury’s target list. Changes to that rule and seven others appeared on a list released by the...

Source: Wall Street Journal July 07, 2017 18:47 UTC