The article sets out the remaining major regulatory and statutory changes that will impact banks in the next few years in the U.K. and Europe and describes some of the likely impacts these will have on bank behaviour and how this might impact large corporates.

The U.K. Criminal Finances Act (“CFA”) received Royal Assent on 27 April 2017. The CFA contains two new criminal offences aimed at corporates – the failure to prevent the facilitation of U.K. tax evasion, and the failure to prevent the facilitation of foreign tax evasion – it is expected that these provisions will become effective later this year.

Alvarez & Marsal (A&M) has announced the addition of seasoned retail transformation leader, Kristin Kohler Burrows, who joins as a Senior Director in its Private Equity Performance Improvement practice in New York.

On July 21, 2016, the Department of Labor (“DOL”), Internal Revenue Service (“IRS”), and Pension Benefit Guaranty Corporation (“PBGC”) (collectively the “Agencies”) proposed major revisions to Form 5500.

As record profits in mortgage warehouse lending attract lenders and investors, concern is mounting through the lending community regarding new entrants that lack warehouse lending experience.

Each year, hundreds of billions of illicit dollars are laundered through various Trade Based Money Laundering (TBML) schemes which has led to increased regulation and lost revenue.

Until recently, the concept of permanent immediate deductibility of capital expenditures was relatively unheard of. But just like butter and coffee, some things we might not envision in combination can indeed go together – and may offer a unique set of benefits. It may seem surprising to hear that an aspect of proposed tax reform has garnered some modicum of unified support.

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.

Alvarez & Marsal (A&M) recently joined the American Investment Council (AIC), an advocacy and resource organization, comprised of private equity (PE) and growth capital firms and advisors, established to develop and provide information about the private equity investment industry.

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.

Alvarez & Marsal(A&M) announced the opening of a Stockholm office aligned with the firm’s global expansion strategy and in response to market demand for an independent professional services firm to meet recent pan-European regulatory requirements. Recognized transaction advisory and operations professionals Christer Wiberg, Taus Wolfsberg and Christer Johansson join A&M’s Stockholm office as Managing Directors, with Mr. Wiberg serving as Country Leader and Transaction Advisory Leader of A&M’s Nordic operations.

Alvarez & Marsal (A&M), one of the leading global professional services firm for companies in complex situations, continues to expand its private equity performance team with the addition of Georg Hochleitner, who joins the team in Europe as a Managing Director based out of Munich, Germany.

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.

Time is fast approaching for many MNEs to submit their CbCR with the revenue authorities. Before doing so, it is essential that you and other members of the senior management team fully understand the implications of how your data may be interpreted by the authorities.