Rocco Femia commented on new rules proposed by the U.S. Department of the Treasury that would implement an important part of the Tax Cuts and Jobs Act of 2017. The rules provide guidance on the Base Erosion and Anti-Abuse Tax, known as the BEAT. "The Treasury and IRS have taken a very problematic statute and they've done what they can to make it operate in a more reasonable manner," Femia said.

This article also appeared in Morningstar.