29Jun
Coronavirus Tax Relief Provisions Raise Surprising M&A Considerations
Two key provisions included in the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”)—the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC)—are raising surprising new issues in M&A transactions. The CARES Act prohibits a company that receives a PPP loan from claiming the ERTC and treats affiliated entities as a single employer for purposes of the ERTC. It is unclear whether a company will lose previously claimed and future ERTCs when the company (or...
By:
Shearman & Sterling LLP
Related
Cash is king in construction, and inadequate cash flow is one of the major reasons that construction...
Read More >
On March 16, Boston mayor Martin Walsh issued an order halting all construction projects in the city...
Read More >
On March 6, 2020, President Trump issued an Executive Order (“EO”) instructing the Chinese company...
Read More >
Not to be outdone by the New York State legislature’s flurry of eleventh-hour lawmaking (which we p...
Read More >
Trucking companies will no longer need to pay their drivers for certain off-duty time, potentially i...
Read More >
Many employers loathe the prospect of unionization due to the potential of a union hampering such em...
Read More >