NEW YORK, June 9, 2016 /PRNewswire/ -- A replay of a recent video webcast presented by KPMG's Tax Governance Institute (TGI), titled "Section 385 – The New Frontier of Tax," is now available at the KPMG Institutes Network. Board and audit committee members, CFOs, tax directors and other business professionals interested in viewing the 60-minute panel discussion can access the program here.
The webcast, which attracted more than 2,500 participants when aired on May 24, delves into the far-reaching proposed debt-equity regulations, issued by the U.S. Department of the Treasury and the Internal Revenue Service, under Section 385 of the U.S. tax code. Treasury's Robert Stack, deputy assistant secretary for International Tax Affairs, was among the featured panelists.
The regulations, if adopted, could have a significant impact on the treatment of intercompany debt at both the federal and state tax levels and lead to many companies reconsidering various aspects of their internal financing, cash management and tax planning.
Part of the KPMG Institute Network, the Tax Governance Institute provides opportunities for board members, corporate management, stakeholders, government representatives and others to share knowledge regarding the identification, oversight, management, and appropriate disclosure of tax risk.
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KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries.
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SOURCE KPMG LLP