EYUS | Final rules address tax consequences of transitioning from the use of LIBOR and other interbank offered rates in certain financial contracts
|Tax Alerts, National/Federal Taxation, B ...|United States
Executive summary
In final regulations (TD 9961) (the Final Regulations) released 30 December 2021, the United States (US) Treasury Department provided guidance on the elimination of, and pending transition from, the use of certain interbank offered rates (IBOR), including the London interbank offered rate (LIBOR), in certain financial contracts, including debt instruments, derivatives and other co…
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