On May 22, the U.S. House of Representatives voted to approve the One Big Beautiful Bill (the House Bill), which contained a new addition to the U.S. Internal Revenue Code — Section 899 (House Bill Section 899). On June 16,...more
6/19/2025
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Foreign Corporations ,
Foreign Tax ,
Income Taxes ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
Proposed Legislation ,
Senate Finance Committee ,
Tax Rates ,
Tax Reform ,
Taxation ,
Trump Administration ,
U.S. Treasury ,
Withholding Tax
On May 22, the House of Representatives voted to approve the One Big Beautiful Bill (OB3), which contains a new addition to the U.S. Internal Revenue Code — Section 899. OB3 is now under consideration by the Senate, which...more
6/17/2025
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Digital Services Tax ,
FDAP ,
FIRPTA ,
Foreign Governments ,
Foreign Investment ,
Foreign Tax ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investment Management ,
Private Funds ,
Proposed Legislation ,
Tax Rates ,
Taxation ,
U.S. Treasury ,
Withholding Tax
As we previously discussed (here and here), the biotech mergers and acquisitions market currently faces significant headwinds. These challenges include frozen capital markets, regulatory uncertainty at the Food and Drug...more
6/10/2025
/ Acquisitions ,
Biotechnology ,
Capital Markets ,
Corporate Governance ,
Department of Health and Human Services (HHS) ,
Food and Drug Administration (FDA) ,
Initial Public Offering (IPO) ,
Mergers ,
Pharmaceutical Industry ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Spinoffs ,
Tax Planning ,
Tax-Free Spin-Offs