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
Jurisdictions Limiting Construction Work: Massachusetts: Construction generally is allowed in Massac...
Read More >
The circumstances surrounding COVID-19 (commonly referred to as the “coronavirus”) are unfolding e...
Read More >
In today’s edition of Daily Compliance News: 1. Epstein moved money out of US. (NYT) 2. McKesson c...
Read More >
The frank discussion during the roundtable highlighted contractors’ ongoing concerns regarding OFCC...
Read More >
In this episode of Trekking Through Compliance, we consider the episode The Paradise Syndrome which ...
Read More >
The 2019 Final Rule formally rescinds the Obama Administration’s 2016 Final Rule and increases the ...
Read More >