As companies work to adapt to commercial life during the COVID-19 pandemic, tax planning has come into focus for cash recovery and cost reduction. For many companies, decreased earnings and special tax incentives/remedies in response to COVID-19 will greatly reduce or eliminate federal income tax for a year or more.

Due to the negative effect of COVID-19 on the state’s budget, on June 29th, 2020, California Governor Gavin Newsom signed...

Alvarez and Marsal’s Chris Kotarba and Nadia Altenburg of Flick Gocke Schaumburg joined Taxand on July 2 for a Lexology webinar on “Remaining BEPS Issues: Pillar Two.”

Insolvency is not an easy process for any company. There are innumerable challenges to face and fires to fight, with internal and external stakeholders alike.

As economies reopen, the problems get harder for businesses that have been severely disrupted by Covid-19. A&M’s Malcolm McKenzie explains the significant challenges for managing cash, resizing operations and changing business models that if not managed proactively, could threaten recovery.

Yesterday, Treasury and the IRS released final regulations under section 250.  Section 250 allows a deduction for domestic corporations (and in limited circumstances individuals) with respect to its global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII). 

HMRC has published further guidance on the application of the temporary 5% reduced rate of VAT.

Market Update, Debt Investments and the Availability of Tax Loss Relief, Deferrals of POA, and COVID-19 Updates

In this report, we review traditional approaches to ZBB techniques and then outline how the adoption of a Pragmatic-ZBB approach, tailored to a Private Equity’s needs, can deliver significantly faster results with double digit Return on Investment ('ROI') while creating resilience against further shocks.

The aim of this page is to provide useful monthly updates on current UK and international tax matters that impact asset managers and underlying investee companies. 

Well, a busy 8th July for a still relatively new Chancellor, announcing a series of measures intended to kickstart the U.K. economy.

In addition to existing fiscal measures and VAT easements to stimulate the economy in response to the COVID-19 crisis, the U.K. Chancellor has announced a temporary VAT reduction for the beleaguered hospitality and tourism sectors.

Leading global professional services firm Alvarez & Marsal (A&M) released its first ever edition of the KSA Banking Pulse today. The report reveals that the top banks in Saudi Arabia showed mixed performance in Q1 2020 as improved operating efficiency and lower provisioning was offset by the effect of reduced interest rates.