Interest netting after Federal Circuit’s decision | KPMG | GLOBAL

KPMG report: Interest netting after Federal Circuit’s decision

Interest netting after Federal Circuit’s decision

Corporations pay a higher interest rate on underpayments of tax than the IRS pays corporations for overpayments of tax. Interest netting can eliminate this interest rate differential.


Related content

A decision of the Federal Circuit interpreted the interest netting rules to allow merged corporations the benefit of interest netting. 


Read an August 2016 report [PDF 72 KB] prepared by KPMG LLP: What’s News in Tax: All Is Not Lost: Interest Netting after Federal Circuit’s Wells Fargo Decision

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