2016-10-14 — npr.org
When the company moves abroad or gains a foreign corporate parent, the company minimizes its U.S. taxes by receiving a loan from the foreign-based company and paying deductible interest to that foreign parent or affiliate.
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The rules limit those loans that leave the U.S. company owing less to the Treasury. The rules were proposed in April, but have been softened in part because of opposition from business groups like the U.S. Chamber of Commerce. The Chamber reiterated its objections in a statement:
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