With the various global crises, budget spending to address inflation and post-COVID-19 pandemic effects continuing to weigh on fiscal budgets globally, governments will at some point soon need to recoup lost revenue.
Continue Reading Recent EU Tax Developments
Tax
CAMT, Excise Tax and Green Credits: U.S. Tax to Spice up Your Next Cocktail Conversation
Posted in Boards of Directors, Tax
The following post was originally included as part of our recently published memorandum “Selected Issues for Boards of Directors in 2023”.
In the United States, the Inflation Reduction Act of 2022 (IRA) was passed in August.
The IRA will be of relevance to many U.S. taxpayers, with three particular areas of focus for…
IRS Issues Final Section 162(m) Regulations
Posted in Executive Compensation, Tax
On December 18, 2020, the Internal Revenue Service (“IRS”) issued final regulations (the “Final Regulations”) under Section 162(m) of the Internal Revenue Code (the “Code”), as amended by the 2017 Tax Cuts and Jobs Act (the “TCJA”). Section 162(m) limits the deductibility of compensation paid in any…
Is Now a Good Time to Adopt an NOL Rights Plan?
In the current climate of market volatility prompted by the COVID-19 pandemic, more and more public companies with valuable US tax assets (e.g., net operating loss carryforwards) may, or at least should, consider adopting a shareholder rights plan in order to preserve those tax assets. These plans are commonly referred to as “NOL rights plans” (or “NOL poison pills”).
Continue Reading Is Now a Good Time to Adopt an NOL Rights Plan?