On December 20, 2017, the Senate and House of Representatives passed H.R. 1, known as the “Tax Cuts and Jobs Act” (“Tax Reform Bill”). President Trump is expected to sign the Tax Reform Bill by early January. The Tax Reform...more
12/21/2017
/ Business Taxes ,
Carried Interest ,
Corporate Taxes ,
Income Taxes ,
Insurance Industry ,
International Tax Issues ,
Legislative Agendas ,
Like Kind Exchanges ,
Net Operating Losses ,
Pending Legislation ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
On December 2, 2017, the Senate passed a tax reform bill that differs in some key aspects from the tax reform bill the House approved on November 16, 2017. A House and Senate conference committee will begin work to resolve...more
12/13/2017
/ BEPS ,
Carried Interest Tax Rates ,
Corporate Taxes ,
Income Taxes ,
Insurance Industry ,
International Tax Issues ,
Legislative Agendas ,
Like Kind Exchanges ,
Net Operating Losses ,
Popular ,
Proposed Legislation ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
On November 2, 2017, Republicans in the U.S. House of Representatives unveiled their tax reform bill (the “Bill”), entitled the “Tax Cuts and Jobs Act.” The Bill proposes significant changes to the current U.S. federal income...more
11/15/2017
/ 501(c)(3) ,
Charitable Donations ,
Compensation & Benefits ,
Estate Tax ,
Excise Tax ,
Executive Compensation ,
Income Taxes ,
Legislative Agendas ,
Museums ,
Net Investment Income ,
Proposed Legislation ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration ,
UBIT
On November 2, 2017, Republicans in the House of Representatives released their long-anticipated tax reform bill (the “Bill”). The Bill, which is entitled the “Tax Cuts and Jobs Act,” includes significant changes to the...more
11/9/2017
/ Collateralized Loan Obligations ,
Corporate Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investment Management ,
Legislative Agendas ,
Legitimate Business Interest ,
Pass-Through Entities ,
Securitization Vehicles ,
Tax Code ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
UBTI
A bill recently introduced in the New York State Assembly would impose additional tax on carried interest. The taxation of carried interest has been widely discussed over the last decade, with a number of bills introduced...more