Andersen Global Chairman and Andersen CEO Mark Vorsatz provided his insight in a recent Law.com article, "EY Remains Intact for Now, But Big 4 Still Pose Long-Term Competitive Challenges to Law Firms,” also highlighting the importance of maintaining independence between audit and other professional services practices to eliminate conflicts of interest.

On April 6, 2023, IRS announced (IR-2023-72) its Strategic Operating Plan for spending the $80 billion in additional funding allocated to the agency by the Inflation Reduction Act of 2022 (IRA).

The Tax Cuts and Jobs Act (TCJA) of 2017 imposed a new limit on the deductibility of net business interest expense beginning with the 2018 tax year.

The Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act (CHIPS Act), signed into law on August 9, 2022, includes a new temporary Advanced Manufacturing Investment Credit aimed at spurring the production of semiconductors and semiconductor equipment within the United States.

News of the comment letter appeared in tax industry publications such as Tax Notes.

Andersen Managing Director Joe Calianno's article IRS Provides Favorable Result to the Mid-Year Distribution/Section 961 Basis Issue appears in The Journal of International Taxation (WG&L).

Andersen Managing Director Mary Duffy's insights were featured in Bloomberg's latest news piece, Treasury Issues Proposed Semiconductor Chips Tax Credit Rules, which outlined the latest proposed regulations from the IRS on the research and manufacturing of semiconductor chips.