Representative Marie Gluesenkamp Perez (WA-03) and Representative Don Beyer (VA-08) on February 6, 2025, introduced legislation entitled the “Carried Interest Fairness Act of 2025” (the “House Bill”). The House Bill is...more
With President-elect Trump announced as the winner of the 2024 election, the landscape of U.S. policy is poised for potential shifts that could significantly impact various sectors. Stakeholders in the real estate market are...more
11/7/2024
/ Affordable Housing ,
Antitrust Division ,
Compliance ,
Corporate Taxes ,
Deregulation ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
Federal Trade Commission (FTC) ,
FHFA ,
Green Energy ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
PFAS ,
Popular ,
Real Estate Market ,
SALT ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Tax Cuts and Jobs Act ,
Tax Reform
Under the Trump administration, the real estate sector will likely face new circumstances defined by deregulation, leadership changes and tax reforms. While reduced compliance costs and regulatory burdens might pose...more
11/7/2024
/ Advertising ,
Antitrust Provisions ,
Artificial Intelligence ,
Biometric Information ,
China ,
Corporate Taxes ,
Cybersecurity ,
Deregulation ,
Employment Policies ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Facial Recognition Technology ,
Federal Trade Commission (FTC) ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Independent Contractors ,
Intellectual Property Protection ,
Inter Partes Review (IPR) Proceeding ,
Investment ,
Joint Employers ,
NLRA ,
Non-Compete Agreements ,
Patents ,
Real Estate Market ,
Retail ,
Tariffs ,
Tax Cuts and Jobs Act ,
Tax Exemptions ,
Technology Sector ,
Tips ,
Tracking Systems ,
Unions ,
USPTO
With President-elect Trump announced as the winner of the 2024 election, the landscape of U.S. policy is poised for potential shifts that could significantly impact the life sciences sector. To a large degree, the extent to...more
11/7/2024
/ Antitrust Provisions ,
Bayh-Dole Act ,
Corporate Taxes ,
Drug Pricing ,
Employee Definition ,
Federal Trade Commission (FTC) ,
Independent Contractors ,
Inflation Reduction Act (IRA) ,
Intellectual Property Protection ,
Investment ,
Legislative Agendas ,
Life Sciences ,
NLRA ,
Non-Compete Agreements ,
SALT ,
Tariffs ,
Tax Cuts ,
Tax Cuts and Jobs Act ,
Unions ,
USPTO
With President-elect Trump announced as the winner of the 2024 election, the private equity and private credit sectors are poised for significant developments. Positive economic trends, such as waning inflation, anticipated...more
11/7/2024
/ Acquisitions ,
Antitrust Provisions ,
Banks ,
CFIUS ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Taxes ,
Credit ,
Cryptocurrency ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinTech ,
Greenhouse Gas Emissions ,
Independent Contractors ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Investment ,
Mergers ,
NLRA ,
Non-Compete Agreements ,
Paris Agreement ,
PFAS ,
Popular ,
Private Equity ,
Securities and Exchange Commission (SEC) ,
Tax Cuts ,
Tax Cuts and Jobs Act ,
Unions
As the 2024 election cycle unfolds, the landscape of U.S. policy is poised for potential shifts that could significantly impact various sectors. With the possibility of a Harris or Trump administration, stakeholders in the...more
While the 2024 election cycle may introduce temporary uncertainty, the convergence of positive economic trends such as waning inflation, anticipated interest rate cuts and cautious optimism for a soft landing suggests robust...more
As the 2024 election cycle unfolds, the landscape of U.S. policy is poised for potential shifts that could significantly impact various sectors. With the Biden-Harris administration's focus on lowering the cost of...more
Potential Election Impacts on the Private Equity and Private Credit Sectors -
While the 2024 election cycle may introduce temporary uncertainty, the convergence of positive economic trends such as waning inflation,...more
10/29/2024
/ Acquisitions ,
Carbon Emissions ,
CFIUS ,
China ,
Credit ,
Disclosure Requirements ,
Federal Trade Commission (FTC) ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Institutional Investors ,
Investment Adviser ,
Investors ,
Lenders ,
Lending ,
Mergers ,
NLRB ,
PFAS ,
Private Equity ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Special Purpose Acquisition Companies (SPACs) ,
Tax Cuts
For the sixth consecutive year, Dechert is the contributing editor of the International Comparative Legal Guide - Private Equity. The guide, now in its tenth edition, is one of the most comprehensive comparative guides to...more
9/10/2024
/ Competition ,
Debt Financing ,
France ,
Interest Rates ,
Leveraged Buyout ,
Presidential Elections ,
Price Inflation ,
Private Equity ,
Regulatory Standards ,
UK ,
Valuation
On August 12, 2022, the U.S. Congress passed the Inflation Reduction Act of 2022 (the “Act”), which was signed into law by President Biden on August 16, 2022. Alongside sweeping changes to energy, environmental and...more
8/26/2022
/ Alternative Minimum Tax ,
American Rescue Plan Act of 2021 ,
Business Losses ,
CARES Act ,
Corporate Taxes ,
Excise Tax ,
Fair Market Value ,
Foreign Corporations ,
Inflation Reduction Act (IRA) ,
New Legislation ,
Publicly-Traded Companies ,
Shareholders ,
Stock Repurchases ,
U.S. Treasury
U.S. Senate Finance Committee Chair Ron Wyden (D-Ore.) and Senator Sheldon Whitehouse (D-R.I.) on August 5, 2021, introduced legislation entitled the “Ending the Carried Interest Loophole Act” (the “Wyden Bill”)....more
The White House has released several tax proposals, culminating with remarks by President Biden in a Congressional address. These proposals include the American Families Plan, for which the White House released a fact sheet...more
The U.S. Department of the Treasury (“Treasury”) and the U.S. Internal Revenue Service (the “IRS”) on July 31, 2020 issued long-awaited proposed regulations (the “Proposed Regulations”) providing guidance under section 1061...more
8/13/2020
/ Capital Gains ,
Carried Interest ,
Fund Managers ,
IRS ,
Partnerships ,
Pass-Through Entities ,
Proposed Regulation ,
REIT ,
RICs ,
S-Corporation ,
Tax Cuts and Jobs Act ,
U.S. Treasury
On Friday 8 May 2020, the European Commission announced a proposal to postpone by three months the initial reporting deadlines for “DAC6”, the incoming mandatory disclosure regime for potentially aggressive tax arrangements....more
5/15/2020
/ Coronavirus/COVID-19 ,
Cross-Border Transactions ,
Deferred Action ,
EU ,
European Commission ,
Filing Deadlines ,
Financial Institutions ,
Mandatory Disclosure Rules ,
Member State ,
Reporting Requirements ,
Time Extensions ,
UK
Below please find a list of global tax measures in response to COVID-19.
United States -
On March 25 and March 27 the U.S. Senate and House of Representatives, respectively, passed the Coronavirus Aid, Relief and...more
In the wake of the Coronavirus pandemic, on March 18, 2020 the U.S. Internal Revenue Service issued guidance extending the Federal income tax payment deadline for any person with a Federal income tax payment otherwise due...more
The UK government yesterday announced that it will introduce a targeted Digital Services Tax aimed at large search engines, social media platforms and online marketplaces, applicable from April 2020. ...more
The Opportunity Zone program created by the Tax Cuts and Jobs Act of 2017 (the “TCJA”) allows taxpayers that realize certain gains to elect to defer the federal income tax on such gains by reinvesting them into Qualified...more
10/24/2018
/ Business Taxes ,
Capital Gains ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Planning
President Trump signed into law tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”) on December 22, 2017. The Tax Act implemented the most far-reaching changes to the Internal Revenue Code (the...more
4/9/2018
/ Base Erosion Tax ,
Business Expenses ,
Capital Gains ,
Carried Interest Tax Rates ,
Controlled Foreign Corporations ,
Corporate Taxes ,
EBITDA ,
Exports ,
GILTI tax ,
Global Market ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investors ,
Local Taxes ,
Multinationals ,
Net Operating Losses ,
Pass-Through Entities ,
Portfolio Companies ,
Private Equity ,
Private Equity Funds ,
Repatriation ,
State Taxes ,
Tax Cuts and Jobs Act ,
Tax Exemptions ,
Tax Rates ,
Trump Administration
A recent U.S. Tax Court case, Grecian Magnesite (149 T.C. No. 3, July 13, 2017), has declared invalid the long-standing U.S. government position that a non-U.S. person’s sale of an interest in a partnership (in this case, a...more
7/19/2017
/ Capital Gains ,
Foreign Investment ,
Foreign-Owned Corporations ,
Income Taxes ,
IRS ,
Limited Liability Company (LLC) ,
Non-Resident Income Taxes ,
Partnership Interests ,
Partnerships ,
Reversal ,
Tax Court ,
Transfer of Interest
The U.S. Treasury Department and the Internal Revenue Service (the “IRS”) have re-issued proposed regulations (the “Proposed Regulations”) on the new centralized partnership audit rules enacted as part of the Bipartisan...more
6/22/2017
/ Audits ,
Bipartisan Budget Act ,
Business Taxes ,
C-Corporation ,
IRS ,
Limited Liability Company (LLC) ,
Partnerships ,
S-Corporation ,
TEFRA ,
Trump Administration ,
U.S. Treasury
All eyes are on Washington—or should we say Manhattan—these days, searching for clues about where our ship is heading with U.S. President-elect Donald Trump at the helm. Recently, there have been cabinet appointments to...more
1/6/2017
/ Affordable Care Act ,
Capital Gains ,
Clean Water Act ,
Corporate Taxes ,
Deregulation ,
Dodd-Frank ,
Energy Sector ,
Financial Stimulus ,
Foreign Investment ,
Fossil Fuel ,
Infrastructure ,
Initial Public Offering (IPO) ,
Merger Controls ,
National Security ,
Pass-Through Entities ,
Permits ,
Private Equity ,
Repeal ,
Tax Reform ,
Trump Administration ,
Volcker Rule
New rules recently proposed by the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service (“IRS”) would re-characterize purported debt instruments as equity instruments, and could have significant implications...more
India and Mauritius entered into a Protocol amending the double-tax treaty between India and Mauritius (the “2016 Protocol”) on May 10, 2016. Under the 2016 Protocol, following a grace period and subject to a grandfather...more