The outline of pending tax reform provisions remain vague, but a significant impact on M&A activity is expected by way of corporate tax cuts, interest deductibility, changes to the expensing of capital investments, a reduction of the pass-through tax rate and changes to our international (territorial) tax system.
M&A Tax Aspects of Republican Tax Reform Framework
Posted In Tax Reform, Uncategorized
Tags: acquisition transaction, acquisition vehicle, actual rate, aggressive, assets, attractive, bifurcated rate, bipartisan support, capital expenditures, carried interest, Chairman Orrin Hatch, collateral packages, comprehensive, Congress, congressional leadership, congressional tax-writing committees, corporate integration proposal, corporate tax rate cut, corporations, cost-prohibitive dispositions, critical, current proposal, deemed-repatriation model, double taxations, entities, equity transaction, expensing provisions, federal, final legislation, finalized, foreign buyers, framework, full deductions, goodwill, high tax bill, House Ways and Means Committee, incurring debt, integrations, interest deductibility, issues, key, law, legislative effort, LLCs, M&A, memorandum, multinationals, non-binding, non-corporate, nondeductible interest, outline, partnerships, pass-through, permanent financial statement, privately held companies, proposed, prospective buyer, provisions, public companies, Republican, restrictions, S corporations, Senate Finance Committee, sole proprietorships, subsidiaries, tax burdens, tax reform, taxpayers, technical, territorial system, third-party debt, trigger, White House
McDermott Will & Emery
Alejandro RuizAlejandro Ruiz advises his clients on the tax aspects of complex domestic and cross-border transactions. He is experienced with transactions involving partnerships, corporations, REITs and off-shore entities. Alex advises on mergers and acquisitions, buyouts, recapitalizations, securities offerings, debt and equity restructurings, joint ventures and entity formations. His clients include private equity funds, private and public companies, venture capital funds, real estate investment trusts, individuals and tax-exempt organizations. Read Alex Ruiz's full bio.
Timothy S. ShumanTimothy (Tim) S. Shuman focuses his practice on corporate and international tax matters for US and non-US multinationals, with particular emphasis on domestic and cross-border acquisitions, dispositions, restructurings and liquidations. He has extensive experience in structuring spin-offs and tax-free reorganizations involving publicly traded and privately held companies, and regularly represents clients in obtaining private letter rulings and other guidance from the Internal Revenue Service (IRS). He also works on tax issues involving regulated investment companies. Read Tim Shuman's full bio.
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