Andersen Managing Director Joe Calianno’s comments are featured in the recent Tax Notes article, Treasury Actively Weighing Revisions to DCL All-or-Nothing Rule. The article focuses on potential changes to the dual consolidated loss (DCL) rules, including to the all-or-nothing principle. The article quotes a U.S. Treasury official who said at an IFT USA panel discussion that his agency is considering options for revising the rule. Joe, who serves as Andersen’s US National Tax leader for international tax, said that it is a good sign that the Treasury is rethinking the all-or-nothing rule, which Joe characterized as “pretty harsh.”