Tax Policy: Information on Interest Deducted for Financing Mergers Is Not Available

GGD-88-58 Published: Mar 29, 1988. Publicly Released: Mar 29, 1988.

Highlights

Pursuant to a congressional request, GAO examined tax deductions corporations took for interest from funds borrowed to finance mergers which required Federal Trade Commission (FTC) notification.

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Chuck Young

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Topics

Tax Policy and Administration

Antitrust lawCorporationsIncome taxesLoan interest ratesReporting requirementsTax return auditsTrade regulationCorporate mergersTax deductionsFinancial instruments