The recent decision in Grecian Magnesiterevives a longstanding debate within the tax community over whether a partnership should be treated as an aggregate or an entity for tax purposes.

On June 8, 2017, the U.S. House of Representatives passed the Financial CHOICE Act (the “Act”), which if enacted as passed, would bring sweeping changes to our regulatory landscape, essentially gutting the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”).

The past few weeks have brought a couple of significant course corrections in the field of U.S. tax law: one on the regulatory front, dealing with debt versus equity determinations, and a second on the legislative front, dealing with possible tax reform.

We know what drives you: applying complex tax rules to a rapidly changing industry. We share your passion. Having served many businesses in this industry over the years, we are proud to be in this high-skill and high-challenge environment with you, and we are eager to share what we've learned with our fellow industry mates.

The new accounting standard for Current Expected Credit Loss (CECL) that will be enforced in January 2018 will require significant changes for many banks and other institutional investors who own troubled debt.

While the discussion of intellectual property (IP) migration tends to focus on the internal sale of technology, another type of IP that is often sold between related parties and should enter the conversation are customer relationships to maximize operational efficiencies and correspondingly reduce their effective tax rate.

While there are many uncertainties in the House Republicans’ current tax reform blueprint, perhaps the item garnering the most attention is the potential decrease in the corporate tax rate from 35 percent to 15 or 20 percent.

2016 was an active year for global mergers and acquisitions (M&A), although by most measures total activity backed off slightly from the records set in 2015. 2017 has begun with deal volumes consistent with early 2016, both in terms of the total number of deals as well as overall volume.

Rejoice: investment into the U.S. may have just gotten cheaper and many inbound investors may be entitled to refunds.

In the midst of an administration that has been mired in legislative setbacks on both healthcare and tax reform (among various other “distractions”), President Trump has largely relied on the executive order to further his agenda thus far in Washington, D.C.

I vividly recall the moment in the summer of 2014 while attending a CPE event at the Miami Marlins Park. Sitting in a room of primarily controllers and chief financial officers, those on the front lines of what was about to come, it became clear that we were in for a heavy dose of CPE on a newly issued U.S. GAAP standard on revenue recognition for customer contracts.

In this roundtable discussion, A&M's Phil Beckett and Jochen Benz discuss the growing correlation between risk management and e-discovery in today's business world, as well as the challenges companies face when they coordinate e-discovery with risk planning.

The main change of CbCR requirements that will impact the reporting and compliance burden on U.K. companies relates to the additional notification requirement. This change is in line with the OECD Model and the EU Directive on Administrative Cooperation (2011/16/ EU, or DAC4) on mandatory exchange of information. It will possibly not be welcomed by companies as it creates an additional deadline outside the annual selfassessment return process, even though the actual notification will probably be identical for later years for most companies.

If the Trump Administration believed tax reform to be an easier initiative than health care, the last few weeks have been a rude wake up call.