When it comes to acquisitions and tax, there is nothing buyers love more than a good step-up. Check that — a great step-up. A step-up in the tax basis of the acquired assets allows the buyer to amortize the resulting identifiable intangibles and goodwill/going concern over a 15-year period.

Leading global professional services firm Alvarez & Marsal (A&M)’s today released its second UAE Banking Pulse, which compares the quarterly data of the 11 largest listed UAE banks in the first quarter of 2017 (Q1 2017) against the last quarter of 2016 (Q4 2016), as well as identifying prevailing trends throughout the intervening period.

This edition of Tax Advisor Weekly discusses some practical aspects related to the introduction of country-by-country (CbC) reporting by the Internal Revenue Service and the audit risks large and mid-sized companies may face following the submission of their CbC reports.

As we near the midpoint of the year, those keeping a watchful eye on the mixed signals from Capitol Hill on tax reform may be growing skeptical at the prospect of any plan making it through both chambers of Congress by the end of the year.

In this issue of Raising the Bar, we provide information to help identify and mitigate some of the most critical underlying working capital issues before a dispute arises.

To date there have been countless articles about the potential effect of tax reform on companies both large and small, with the focus of these articles on the potential outcomes of tax reform on companies’ effective tax rates (please see the links below to A&M Taxand articles).

Managing Director Phil Beckett from our Disputes and Investigations team has today recently been named Investigations Digital Forensic Expert of the Year by Who’s Who Legal.

With the impending expiration of the National Flood Insurance Program and potential changes to flood policy, it is timely for lenders and servicers to strengthen their due diligence processes.

Under the House Republican “Blueprint for Tax Reform” (the Blueprint), companies would be able to deduct interest expense against interest income, but no current deduction would be allowed for net interest expense.

When a company is undergoing a sales and use tax audit, the use of sampling procedures by the auditor can be daunting and can sometimes result in unplanned difficulties for the company. It is extremely important to get ahead of the game and to ensure that the use of sampling procedures does not inadvertently create undue problems for the company.

Irish NPL Wave Expected: A&M’s Tom McAleese featured in Structured Credit Investor

Recently, the U.K. tax authority, Her Majesty's Revenue and Customs (HMRC), published updated guidance regarding the country-by-country reporting (CbCR) requirements for multinational enterprises (MNEs).