With former President Trump's victory in the presidential race and the Republican party's control of both the U.S. House of Representatives (House) and Senate, the framework of potential tax policy changes is coming into focus. With single-party control of the executive branch and Congress, the Republican party is in a favorable position to shape tax proposals and guide them to enactment. However, their slim majorities and budgetary pressures will complicate the implementation of President-elect Trump's tax agenda.

Our Unclaimed Property professionals will review recent state outreach efforts and share key strategies to mitigate risk and streamline escheatment processes.

Andersen Global strengthens its platform in New Zealand through a Collaboration Agreement with Three Sixty Capital Partners, a strategic M&A advisory firm based in Auckland.

Andersen Global continues to build its multidisciplinary platform in South Africa through a Collaboration Agreement with Merchantec Capital, an M&A and investment banking firm based in Johannesburg.

Andersen Managing Director Eric Anderson's comments are featured in the recent Tax Notes article, Experts Urge States to Tax Tech via Statute, Not Regs. The article discusses the insights leading state tax practitioners shared about how technology is outpacing state taxation statutes at an October 28, 2024, panel discussion at the Paul J. Hartman State and Local Tax Forum in Nashville, Tennessee. Eric said the market for the virtual universe (i.e., where users can interact with other people or software) is growing rapidly, but there are no state statutes in place addressing taxation. The situation is creating a conundrum because, in the absence of relevant statutes, practitioners are applying existing laws, policies, and regulations to new internet applications, Eric said.

Join Andersen professionals on December 3 for a webcast covering important tax and financial updates, including post-election tax policy changes, budget reconciliation, depreciation updates, foreign reporting issues, and other key considerations to help you and your fund prepare for 2025.

Global professional services firm Andersen is launching the Andersen Institute for Finance & Economics under the leadership of Fabio Natalucci to focus on key global trends affecting the world economy, financial markets, and business decisions.

Join Andersen professionals on November 19 at 11 am PST for a webcast covering important tax updates in light of the recent 2024 election results.