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 state governments’ continuing efforts to target “Gig Economy” companies and other organization...
Read More >
Unanimous decisions from the Federal Mine Safety and Health Commission are rare, but on July 11, 201...
Read More >
Wholesale Distributor Failed to Reasonably Accommodate Workers with Disabilities, Federal Agency Cha...
Read More >
The United States Environmental Protection Agency (‘EPA”) Office of Inspector General (“OIG”) is...
Read More >
A recent decision in Sotera Defense Solutions, Inc. v. Department of Agriculture, CBCA 6029, 6030, b...
Read More >
After a solid 2019, the foundations are in place for a strong start to the M&A year in 2020. The fol...
Read More >