The U.S. Treasury has published its 2 October 2017 report to the president on identifying and reducing tax regulatory burdens under Executive Order 13789. The report provides a summary of the proposed action for eight regulations that Treasury has identified for possible withdrawal, revocation, or modification.
Proposed regulations to be withdrawn entirely include:
- Proposed Regulations under Section 2704 on Restrictions on Liquidation of an Interest for Estate, Gift and Generation-Skipping…