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John Warner, shareholder in the firm's Tax section, comments on new rules the IRS is preparing to release this summer that implement the international provisions of the 2017 tax overhaul.

"The timing of finalization of the 2017 tax act regulations may be more important in signaling to multinational companies when they can safely begin to implement significant changes to their cross-border operations and organizational structures without worrying that they have miscalculated how the law ends up," said John P. Warner, a shareholder at Buchanan Ingersoll & Rooney PC in Washington and a member of the Bloomberg Tax International Advisory Board.

Read more in Bloomberg Tax's article "IRS Works to Wrap Up International Rules This Summer."