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Proposed Regulations for Buyback Tax Hit LBOs, Preferred Stock but Spare Tier 1 Capital

Cadwalader Wickersham & Taft LLP

The government released proposed regulations this month implementing the Excise tax imposed on repurchases of corporate stock that was enacted in…...

FTC bans employee noncompetes

BCLP

On April 23, 2024, the Federal Trade Commission issued a final rule that would ban all non-compete clauses ("noncompetes") with employees in the…...

Tax Insurance May Boost the Market for Energy Tax Credits

Cadwalader Wickersham & Taft LLP

The Inflation Reduction Act of 2022 (the “IRA”) now allows firms to develop and sell Clean Energy tax credits. In our last update, available here, we…...

Should I Stay or Should I Go? Hedge Funds: Crypto and State Tax

Cadwalader Wickersham & Taft LLP

Hedge fund managers have a state tax gating issue when it comes to adding crypto to their assets under management. Generally, states such as New York…...

Location, Location, Location: New York’s Apportionment Rules for Investment Managers

Cadwalader Wickersham & Taft LLP

New York State recently issued final corporate franchise tax regulations for sourcing income (the “Regulations”), including specific sourcing rules…...


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