Tax Law News and Insights

Below is a summary of the tax provisions in the Inflation Reduction Act of 2022 (the “IRA”), as passed by the Senate, that are likely to be of most interest to U.S. corporate taxpayers, financial institutions, hedge funds, private equity funds, and their investors. The IRA now heads to the...

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On July 27, 2022, US Senators Chuck Schumer and Joe Manchin announced that they reached a deal on a budget reconciliation bill generally intended to combat inflation. While titled the Inflation Reduction Act of 2022 (the "Inflation Reduction Act"), buried in the bill (to the surprise of many) is a...

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On March 28, 2022, the Biden Administration released the Fiscal Year 2023 Budget, and the "General Explanations of the Administration's Fiscal Year 2023 Revenue Proposals," which is commonly referred to as the "Green Book." The Green Book summarizes the Administration's tax proposals contained in the Budget. The Green Book is...

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