What is the State Law Comparison Tool? The Practical Guidance State Law Comparison Tool helps attorneys handle complicated and varied legal issues across multiple U.S. states. Its features are designed...
The Inflation Reduction Act, enacted in 2022, provided IRS with an $80 billion funding boost, since reduced by approximately $21 billion, through this year’s Fiscal Responsibility Act. Over the next...
The COVID-19 pandemic has had far-reaching implications on the business world, and the commercial real estate (CRE) market is no exception. For insights into the current CRE market and how the pandemic...
For the uninitiated, following the changes in a capitalization table for a venture capital-track, growing start-up can be tricky. This PowerPoint presentation, developed with a team of attorneys from Cooley...
Planning, conducting, and closing an M&A transaction in California involves unique considerations. Practical Guidance’s M&A Resource Kit for California puts over 60 California-focused resources...
In the news is “carried interest”, which is taxed at a lower 20% capital gains rate, rather than the top 37% marginal tax rate that applies to ordinary income. The special rate on carried interest owes its continued existence in the tax code to Arizona Senator Kyrsten Sinema, who championed its continuation, not elimination, in return for her vote, helping secure passage of the Inflation Reduction Act of 2022, as recently signed by President Biden. Special tax treatment of carried interest is incentive to hedge fund partners, venture capitalists, and real estate partners to invest in longer-term and riskier projects that might be viewed less-favorably if those profits were taxed at the ordinary income tax rate.
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