Recent tax regulations to be re-examined

President Trump signed an Executive Order directing the Treasury to review tax regs adopted during the past 18 months under former President Obama. According to Treasury Secretary Steven Mnuchin, the re-examination of these regs is to ensure that they “do not unduly strain the American economy.” Regs that are determined to be “harmful rules that impose unnecessary costs and complexity on taxpayers” are to be revised or repealed. Mnuchin said the corporate inversion regs will be “one of the things we would be looking at.”