The Proposed Regulations allow existing debt and non-debt contracts that now reference LIBOR and other Interbank Offered Rates (IBORs) to transition toward alternative reference rates without triggering tax.
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10/23/2019
/ Benchmarks ,
Debt Instruments ,
Fair Market Value ,
Inter-Bank Offered Rates (IBORs) ,
Interest Rates ,
International Tax Issues ,
Libor ,
Proposed Regulation ,
Safe Harbors ,
Secured Overnight Funding Rate (SOFR) ,
U.S. Treasury