New IRS IBOR SOFR Rules Do Not Fully Resolve Calculation Challenges for Debt Commentary | Wolters Kluwer
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  • New IRS IBOR/SOFR Rules Do Not Fully Resolve Calculation Challenges for Debt Commentary

    by Stevie Conlon, Vice President, Tax and Regulatory Counsel, Wolters Kluwer; Anna Vayser, Product Manager, Withholding Tax Products, Wolters Kluwer; and Robert Schwaba, Senior Tax and Regulatory Specialist, Wolters Kluwer

    Published November 07, 2019

    The IRS released proposed regulations (REG-118784-18, the “IBOR Conversion Proposed Regulations”) that in general favorably address a number of the U.S. federal income tax consequences of the conversion of existing debt instruments and non-debt contracts from interbank offered rates (“IBOR”s, which include various LIBOR or London Interbank Offered Rates) to an alternative reference rate. Read our commentary.


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