The U.S. Treasury has published its 2 October 2017 report to the president on identifying and reducing tax regulatory burdens under Executive Order 13789. The report provides a summary of the proposed action for eight regulations that Treasury has identified for possible withdrawal, revocation, or modification. Proposed regulations to be withdrawn entirely include: Proposed Regulations under Section 2704 on Restrictions on Liquidation of an Interest for Estate, Gift and Generation-Skipping Transfer Taxes; and Proposed Regulations under Section 103 on Definition of Political Subdivision. Regulations to consider revoking in part include: Final Regulations under Section 7602 on the Participation of a...