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Rocco Femia Quoted On Treatment of Intangible Income in Tax Reform in Bloomberg BNA Daily Report for Executives

Subtitle
"Tangle Over Intangibles: International Tax Plan Awaits More Detail From Camp"

Bloomberg BNA Daily Report for Executives

Rocco Femia was quoted regarding the treatment of intangible income in a proposed overhaul of the U.S. international tax rules. While various proposals provide rules treating income from intangibles differently from other income, in general they do not elaborate on how to determine income from intangibles. Companies with significant intangibles are looking for more detail from Congress, Femia said, to help them better assess the proposals. "It would be important for them to have additional clarity on what those rules mean," he said.