The Treasury Department and the IRS issued proposed regulations on the Section 45X Advanced Manufacturing Production Credit on December 14, 2023.

In today's rapidly evolving business landscape, strategic cost management plays a pivotal role in maintaining competitiveness. Selling, General, and Administrative (SG&A) expenses and indirect spend are often key areas where significant cost optimization potential exists. However, these elements of the financial framework are frequently overlooked or treated independently, leading to missed opportunities for efficiency gains and cost savings. Understanding the interplay between these two categories and carefully managing them can result in significant benefits. Still, it is also vital to remember that overemphasis on cost reduction in one area without considering its impact on the other could lead to unwarranted cost escalation.

Across the global insurance landscape, multiple megatrends are converging, changing the nature of risks that communities, entities and businesses are exposed to. In our latest paper, we share how five megatrends drive profound impact across the insurance industry and complex claims management.

On 29 December 2023, the Dutch Ministry of Finance officially updated the list of low-tax and non-cooperative jurisdictions for the year 2024.

Leading global professional services firm Alvarez & Marsal (A&M) announced the integration of LQ Consulting and Management with A&M’s INFRA practice in Canada and appointed Pierre Légaré as Managing Director and Leader of INFRA Canada along with Senior Directors Arshya Qureshi and Gordon Lung.

On December 14th, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) No. 2023-09 , “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which seeks to enhance income tax disclosures in financial statements.

Waste has become an asset class of considerable interest to the infrastructure investor community due to unique sector characteristics and growing emphasis on sustainable waste management solutions.

On 14 December 2023, the Dutch Ministry of Finance published an updated version of the Dutch VAT decree for immovable property.

International tax departments should be aware of the current and crucial trends impacting income tax reporting in today’s dynamic environment.

Managing Director Scott Moresco's appointment was recently featured in Bloomberg Tax article, "Alvarez & Marsal Names Ex-KPMG Partner Managing Director of Tax."

The cruise industry is on the cusp of a new era, marked by a resurgence of passenger interest and a need for innovative strategies to attract younger travelers. In this article, we explore the current state of the cruise industry's internal growth landscape and present innovative strategies to capitalize on emerging opportunities and ensure long-term success in this evolving landscape.

Treasury recently issued Notice 2023-80 that lays the groundwork for future rulemaking, addressing the interaction between foreign tax credits and Pillar 2 rules.

Michael Kohner, Managing Director of Alvarez and Marsal Tax in West Palm Beach, embraces the philosophy that leaders who align with their beliefs inspire others.

In this latest article in our “Road to Industry 4.0” series, we discuss another powerful approach to improving operational excellence in industrial environments: the use of Robotic Process Automation (RPA) and associated artificial intelligence (AI) functionalities to execute high-volume, labor-intensive transactional tasks and support decision-making on the shop floor.

Exponentially increasing data volumes, a constantly growing number of apps and systems as well as increasingly complex international regulatory environments are making the fight against financial crime (FinCrime) more and more complex. By using graph analytics, the increasingly complex requirements for compliance reviews can be successfully managed, as the example (provided below) of deployment at a Swiss private bank show.