Victory in U.S. Chamber’s Lawsuit Against IRS Rule | U.S. Chamber of Commerce

Victory in U.S. Chamber’s Lawsuit Against IRS Rule

Friday, September 29, 2017 - 9:45am

The U.S. District Court for the Western District of Texas granted summary judgment in the U.S. Chamber's challenge to the IRS's anti-inversion regulation under Section 7874 of the Internal Revenue Code. The U.S. Chamber and the Texas Association of Business had filed a legal challenge to the IRS’s immediately effective Multiple Acquisition Rule, which attempts to prevent certain corporate mergers that are otherwise permitted under the inversion rules under Section 7874. 

Click here to view the final judgment and here to view the order.  For additional case details on Chamber of Commerce v. IRS, please click here.