
Laura Valestin
International Tax Services Partner in PwC’s Washington National Tax Services practice focusing on financial transactions, providing expert analysis on Section 987 developments and related tax mechanics.
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Mar 30, 2026 • 29min
Lost in FX Translation: The latest 987 regs
Laura Valestin, an international tax partner at PwC who specializes in financial transactions, walks through the latest Section 987 developments after Notice 2026-17. She explains the simplified equity-and-basis-pool method, remittance and loss-suspension mechanics, hedging rules, and a proposed CFC election. Practical next steps and comment opportunities for taxpayers are also highlighted.


