Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Oct 09, 2019

Kristen Garry in Bloomberg Law on the New IBOR Tax Guidance

Partner Kristen Garry (Washington, D.C.-Tax) was quoted in Bloomberg Law on the new tax rules on IBOR-transition modifications that were released by the IRS this week.

The proposed regulations provide welcome guidance that certain IBOR-related modifications will not create a taxable event and can be applied broadly to virtually any debt instrument or other financial contract that currently refers to an IBOR rate.

Read the full Bloomberg Law article.

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