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Then they seemed likely to come up with an unworkably complex tax rule.
More than 5,000 American companies have taken advantage of the tax rule, reportedly including Boeing, General Electric and Microsoft.
Leib warned, however, that minor leagues of professional sports may find the new tax rule "very disadvantageous".
Or, think how America might be different today if a pesky young Thurgood Marshall had been silenced using an obscure tax rule and kept out of the courts.
It has become an entrenched, regressive tax rule, providing large benefits to higher earners – who have successfully blocked efforts to remove it for the past 15 years.
Keeping this tax rule as is, however, means that people who are supposed to be getting a break end up with a single tax bill that could equal years of continued loan payments.
Similar(11)
Birmingham tax preparers praise new Internal Revenue Service tax rules.
Both companies have engaged in lobbying on international tax rules.
They are also bound by largely the same tax rules.
It's a matter of following the tax rules".
One example are changes in India's tax rules.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com