May 29, 2020
COVID-19 continues to alter the tax and regulatory landscape this month (and for the foreseeable future). The Paycheck Protection Program (PPP) and other recently introduced measures continue to dominate the headlines, even as guidance is offered in other programs and sectors.
Meanwhile, evolutions in the global landscape, including foreign investment controls on cross-border transactions, mean that understanding the regulatory trends will support both diligence and differentiation in the months ahead.
In other words, knowledge is power.
Welcome to the May edition of the AFIRE Tax & Regulatory Briefing.
Links: 8 | Words: 306 | Read Time: 2 minutes
Treasury Issues Loan Forgiveness Guidance Regarding Paycheck Protection Program
Ropes & Gray summarizes new interim final rules from the SBA and the US Treasury Department related to the Paycheck Protection Program and previously unclear aspects of the CARES Act. Read more.
Proposed CFIUS Regulations May Shortcut Filing Requirements for Investors From Allied Countries
From Stroock: New proposed rules from CFIUS would replace NAICS code-based industry test with “US authorization test” based on export controls, which could relieve filing requirements for US allies. Read more.
COVID-19 Property Tax Relief Opportunities
In this Eversheds Sutherland podcast, experts looks at special property tax relief provisions from various states and how they may apply to the disaster declarations concerning COVID-19. Listen here.
Differentiated Diligence after COVID-19
This new paper from KPMG highlights six techniques to improve diligence for dealmaking amidst the noise of data caused by COVID-19. Read more.
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