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

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.

Full Report

Full Report (8 pages)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Tax Policy and Administration

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