"With tax reform on the horizon, many companies are actively considering how the various proposals could impact their business and how they should structure their operations. However, many companies do not want to go all in and pull the trigger on a transaction based on what may amount to an educated guess about where tax law will ultimately lie. To address some of those concerns, companies should be aware of the rescission doctrine and its potential uses. Generally viewed as a last resort, the rescission doctrine may allow companies to retroactively unwind a transaction they have entered into, as long as they are aware of the open questions and potential limitations attached to this course of action."
A&M's Kevin M. Jacobs and Lee G. Zimet share their perspectives with Tax Executive on the recession doctrine's potential uses and why companies should be aware of it. The AIRA Journal republished this article in March 2022.
Alvarez & Marsal Strengthens Tax Transformation Capabilities with Longview Tax by insightsoftware
June 18, 2026
The strategic implementation partnership expands A&M's Tax Technology and Transformation capabilities, reinforcing its commitment to helping organisations modernise their tax functions in response to increasing regulatory complexity
Indonesia’s Administrative Framework for Pillar Two Implementation
June 17, 2026
Indonesia’s new PER-6/PJ/2026 regulation establishes the operational framework for Pillar Two, bringing new compliance obligations for multinational groups.
Game-Changing Enhancements to Strengthen Hong Kong’s Position as a Leading Asset and Wealth Management Hub
June 12, 2026
The Hong Kong Government gazetted the long-awaited Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 (the “Bill”) on 12 June 2026. The Bill proposes enhancements to the existing preferential tax regimes for funds, family owned investment holding vehicles (“FIHVs”) managed by single family offices and the carried interest concession.
Game-Changing Enhancements to Strengthen Hong Kong’s Position as a Leading Asset and Wealth Management Hub
June 12, 2026
The Hong Kong Government gazetted the long-awaited Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 (“2026 Amendment Bill”) on 12 June 2026. The 2026 Amendment Bill introduced positive enhancements to the existing preferential tax regimes for funds, family owned investment holding vehicles (“FIHVs”) managed by single family offices, and carried interest.
