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
Source Url: https://www.jdsupra.com/legalnews/coronavirus-tax-relief-provisions-raise-47374/
Related
In 2020, as part of its annual wage order rulemaking, the Colorado Department of Labor and Employmen...
Read More >
Financial Services Company Disciplined a Black Employee for Complaining About Discrimination, Agency...
Read More >
In Part 1 of this series of posts, we discussed how business owners must think beyond the near term ...
Read More >
Recent insolvency law reforms in the UK, Singapore and Australia impact upon the ability of a party ...
Read More >
The National Labor Relations Board (NLRB) is tasked with determining whether a petitioned-for bargai...
Read More >
The news that President Trump selected Eugene Scalia to take over as Labor Secretary late last week ...
Read More >