The U.S. Supreme Court is reviewing the case of 𝘔𝘰𝘰𝘳𝘦 𝘷. 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴, which challenges the constitutionality of the transition tax on untaxed foreign earnings imposed by the Tax Cuts and Jobs Act (TCJA). Our Alvarez & Marsal #Tax team discusses the substantial tax refunds and potential questions raised about other tax regimes if this provision were to be invalidated. They further recommend that taxpayers evaluate the implications of the case, while also protecting their rights to claim refunds until the case is decided. Read their full insights here: https://bit.ly/3DvfAwy Alan Cathcart Kevin M. Jacobs Emily Leebron Foster Kenneth Brewer Andrew Johnson Albert Liguori Lee Zimet Brendan Sinnott #Taxes #TaxLaw #TransitionTax #Taxpayers
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Dubai Customs has introduced the Voluntary Disclosure System, allowing companies to proactively rectify customs errors and potentially receive penalty waivers. Our Alvarez & Marsal #Tax team breaks down the effects of companies utilizing this system to mitigate risks and optimize their supply chain models for greater efficiency. Discover more details on aligning compliance practices with operational improvements in the full article here: https://lnkd.in/eyfT39pk Justin Whitehouse Pierre Arman Renan Anil Öztürk Pushkar Kundra #Dubai #TaxLaw #CustomsPolicy
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Thrilled to share that Alvarez & Marsal #Tax in Germany, the Netherlands, and the United Arab Emirates have been shortlisted for the ITR (International Tax Review) EMEA Tax Awards 2024! This recognition across multiple categories highlights our dedication to excellence, innovation, and outstanding client service in tax advisory. We look forward to hopefully securing the award at the ceremony next month. #TaxAward #ITR #EMEA
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Another lovely snapshot of our Houston interns. Proud to see our future leaders growing and thriving at Alvarez & Marsal. Great work, everyone! #LikeWhatYouDo #LikeWhoYouDoItWith #FutureLeaders
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Pillar Two regulations present a pivotal moment for US multinationals. In this Bloomberg feature, Alvarez & Marsal #Tax’s Alfonso Alvarez-Pallete, Ernesto Elizondo, and Stephanie Zuniga delve into the implications of re-shoring or restructuring holding companies. Their insights reveal how strategic restructuring can address increased tax burdens and compliance costs while navigating complex international tax standards. Read the full article here: https://lnkd.in/gM6N6SSx #TaxStrategy #Multinationals #PillarTwo
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Consistency and persistence can achieve remarkable results. Even the smallest, steady efforts can make a significant impact over time! #QOTD #Motivation #GrowthMindset
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The IRS has announced a significant action by implementing new measures to reject numerous irregular, high-risk Employee Retention Credit (ERC) claims while instituting a revised review process for lower-risk claims. This move ensures the integrity of ERC funding and speeds up legitimate claims. Businesses should review their claims carefully and consult qualified tax professionals. Read the full article from Alvarez & Marsal #Tax's Stephanie Doughty: https://lnkd.in/e-rwWrNi Kathleen King Brett Nowak Kathie Haunton David Gelb #EmployeeRetentionCredit #ERC #TaxCompliance
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When businesses undergo restructuring, managing operational licenses can become a complex task. At Alvarez & Marsal, our License Advisory Services (LAS) uses cutting-edge technology to simplify license management. With our tailored approach, we ensure enhanced license compliance and safeguard your business interests. Learn how we can handle your complexities: https://lnkd.in/eF8wqvES Ashley Scheele Mandy Coffey Grace Wee (Vise) Vina Chandrashaker, PMP #LicenseAdvisoryServices #BusinessCompliance #TaxAdvisory
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Let’s rethink the conventional metaphor of goals as rigid rocks - instead, consider them as clay that we can shape. This perspective resonates with me because it emphasizes the importance of flexibility and reflection in fostering a more resilient mindset. Read the complete article here at Harvard Business Review: https://lnkd.in/eSwqkj_v Lauren Kuykendall Valerie Tiberius #GoalSetting #PersonalGrowth #CareerDevelopment
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Alvarez & Marsal #Tax's Lee Zimet's latest paper provides an in-depth analysis of Section 382 and related provisions affecting corporate tax attributes. These updates are particularly helpful as they directly affect the management of net operating losses and understanding them are crucial for dealing with ownership changes. To further explore these tax considerations, read the full article here: https://lnkd.in/eQQHWgad Christopher Howe Kevin M. Jacobs Damon Yousefy Scott Moresco Andrey Ulyanenko, MST #TaxRegulations #CorporateTax #FinancialPlanning
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Throwback to National Intern day where our Miami interns recently enjoyed an evening at a baseball game, showcasing the perfect blend of team spirit and camaraderie. How fun! Alvarez & Marsal #LikeWhatYouDo #LikeWhoYouDoItWith #Internship
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