Managing Director Joe Calianno's comments were included in the recent Tax Notes article, New PFIC Rules Favor Aggregate Approach to Partnerships. New proposed rules on passive foreign investment companies (PFICs) recently released by IRS pivot from entity treatment of domestic partnerships to an aggregate approach. Calianno noted that there appeared to be real movement by IRS to conform to a more aggregate approach for partnerships.

Andersen Global welcomes member firm KALLAY & PARTNERS, a Zagreb-based law firm and collaborating firm since 2019.

Andersen Global continues to expand its platform in the Asian market through a Collaboration Agreement with Varners, one of the largest full-service law firms in Sri Lanka.

Andersen Global continues its Caribbean expansion with the addition of collaborating firm McW Todman & Co., a law firm located on the island of Tortola in the British Virgin Islands.

A Value Added Tax (VAT) is imposed by nearly all countries outside of the United States and can apply to any organization, trade or business with international activities/transactions.

Taxpayers may be revisiting or renegotiating their contractual obligations, particularly for leases of real estate, business facilities, office space, and equipment, for a myriad of reasons.

As with any merger, acquisition (M&A) or internal restructuring, there are a myriad of tax and non-tax matters that must be addressed.

Taking a business public through an initial public offering (IPO) or merger is a milestone in a company's history, but is it the correct step? The process of going public is costly, difficult, and can continue to overwhelm companies with regulation and public scrutiny once it's over. However, the benefits of liquidity for investors and access to capital for growth and mergers is substantial. This article discusses some of these considerations at a high level.