The 2020s have seen periods of heightened market turmoil not seen since 2011 and 2008. The impacts of the Covid-19 pandemic, the war on Ukraine and now additional geopolitical events including trade and tariff wars, have presented significant challenges for corporates.

The German Ministry of Finance (BMF) has issued updated guidance on the VAT treatment of self-consumption, subsidies, and input tax deduction. Operators of energy generation plants will now face new clarifications—and specific action points.

Managing Director Jonathan Nus was recently featured in Thomson Reuters' article, "FASB Advisers Warn: Disclosures Lacking Around Trillion-Dollar Private Credit Market."

Private Capital Tax developments in the Asia-Pacific region are varied and ever-changing. Here are Alvarez & Marsal's Top 10 private capital topics for 2025 Q1.