Andersen Global Chairman and Andersen CEO Mark Vorsatz expressed in Bloomberg Law's article, "EY Failed Split Gives Break to US Law Firms Fearing Competition,” the unavoidable competition law firms would have faced had EY split.
Tax incentives encouraging businesses to invest in research and development (R&D) are an essential financial benefit for early-stage companies and their founders.
Kathryn Dery Leung, a Managing Director in the AIF practice at Andersen, is a contributing author in a three-part blog series with The Venture Fund Blueprint.
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.
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