June 9, 2022

A&M's Kevin M. Jacobs Featured in Tax Notes

Published in Tax Notes on June 2, 2022

On May 3rd the IRS released AM 2022-001 as a generic legal advice memorandum (GLAM), which obsoletes a previous GLAM (2009-001) that addressed deferred compensation expense allocation and
apportionment when computing qualified production activity income and the section 199 deduction.

A&M's Kevin M. Jacobs addresses concerns with Tax Notes, arguing that because taxpayers were not required to amend their tax returns, the new GLAM raises an issue of retroactivity.

Read the Article

Thought Leadership

Indonesia’s Administrative Framework for Pillar Two Implementation

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Indonesia’s new PER-6/PJ/2026 regulation establishes the operational framework for Pillar Two, bringing new compliance obligations for multinational groups.

Thought Leadership

Game-Changing Enhancements to Strengthen Hong Kong’s Position as a Leading Asset and Wealth Management Hub

June 12, 2026

The Hong Kong Government gazetted the long-awaited Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 (the “Bill”) on 12 June 2026. The Bill proposes enhancements to the existing preferential tax regimes for funds, family owned investment holding vehicles (“FIHVs”) managed by single family offices and the carried interest concession.

Thought Leadership

Game-Changing Enhancements to Strengthen Hong Kong’s Position as a Leading Asset and Wealth Management Hub

June 12, 2026

The Hong Kong Government gazetted the long-awaited Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 (“2026 Amendment Bill”) on 12 June 2026. The 2026 Amendment Bill introduced positive enhancements to the existing preferential tax regimes for funds, family owned investment holding vehicles (“FIHVs”) managed by single family offices, and carried interest.