Over years of scoping and implementing best cost country sourcing (BCCS) initiatives, we have established key levers for companies that can make a difficult challenge more straightforward.

Yesterday, during his first address to Congress, President Biden formally announced the American Families Plan (“AFP”), a sweeping set of proposals that would be paid for in part by increasing taxes on high-income individuals by $1.5 trillion over the next decade, by increasing the top individual tax rate and tax rates on capital gains and dividends, and by changing the tax treatment of inherited assets.

As widely anticipated, US President Joe Biden delivered news of impending tax increases in a speech to a joint session of US Congress on Wednesday evening. A wide-reaching spending and investment plan (with a $4 trillion price tag) also accompanied tax increases, mostly aimed at the wealthy and corporations.

Learn about the American Rescue Plan and how A&M can partner with state and local governments to strategically manage COVID response and economic recovery activities

Our April Briefing Note will cover a variety of topics, including:

1. Upcoming A&M Taxand Webinar: Virtual Asset Manager Roundtable;
2. Key Highlights from UK Budget on 3 March 2021;
3. Key Highlights from UK ‘Tax Day’ on 23 March 2021;
4. HMRC Enquiries into the Tax Treatment of Carried Interest; and
5. Employee vs. Partner: Tax Status Changes.

The pandemic is prompting serious questions about managing costs and spending, especially in the healthcare sector where economic logic of patient care is changing. Investors and management teams must seek to preserve margins by focusing on operations improvements. Our experts define and demonstrate, through actionable insights, how you can unlock potentially the most significant value driver in the healthcare sector

The medical technology and medical devices sector boasts many small businesses and a few very large businesses. ‘MedTech’ is unusual for its lack of mid-size companies that are so common in other industries. This void in the market, combined with the macro-economic impacts of the COVID-19 recession, present a unique opportunity for large corporates and private equity (PE) firms to find common ground with carve-outs. Here, we discuss how PE ownership can re-energize these businesses, looking at the issue from the perspectives of the corporation, the business unit itself, and the PE funds.

For many years, the Cayman Islands, Guernsey, and Jersey have been the jurisdictions of choice for U.S. investment fund managers organizing feeder vehicles or investment funds for making offshore investments, including into the European Union (EU). However, the previously overlooked jurisdiction of Scotland is rising in prominence in the marketplace due to the global focus on environment, social and corporate governance (ESG);  the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting project; and the European Commission’s Anti-Tax Avoidance Package, which included the Cayman Islands on its “tax haven blacklist” until October 2020. This alert highlights the potential benefits of often-overlooked Scottish limited partnerships (SLP).

A look at the current outsourcing advisory landscape.

In our latest Tax Advisory Weekly, we explore the Check-the-Box election.

How have executive orders impacted supply chains, and what can we expect as more will be issued moving forward?

Executing a transformation is a team effort and requires the buy-in of the whole organisation, particularly in the C-suite. While the Chief Executive Officer (CEO) is accountable to deliver the transformation ultimately, the rest of the executive team play vital supporting roles. Following on from our article on the CEO’s role in the first 100 days of a transformation, here we will examine the responsibilities of the Chief Financial Officer (CFO), who typically will need to adopt multiple hats – Communicator, Conductor and Collaborator – as a transformation is executed.

Following the end of the tax year 2020/21, employers that have awarded carried interest and co-investment entitlements to employees including directors and salaried members should consider whether they need to report these on their Employment Related Securities return.

Alvarez & Marsal’s '2020 / 2021 Oil and Gas Oilfield Services Compensation Report' was featured in Equilar's C-Suite Magazine.