David Zimmerman commented on the proposed regulations regarding tax code Section 163(j) and how they could impact other Internal Revenue Service regulations. "It may be that people haven't realized the full extent of this," Zimmerman said, adding that corporations are still working to reconcile the impact of other byzantine tax overhaul provisions, such as the base erosion and anti-abuse tax and the levy on global intangible low-taxed income.

This article also appeared in Bloomberg Daily Tax Report.