Tax

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U.S. House Ways and Means Committee Proposes Substantial Extension and Expansion of Clean Energy Tax Incentives

If enacted into law in its current form, the Build Back Better Act would substantially extend and expand available clean energy tax incentives, including the investment tax credit (“ITC”), the production tax credit (“PTC”), and the carbon capture and sequestration credit. Gibson Dunn lawyers examine the current state of the proposed legislation.

Client Alert | October 13, 2021

Gibson Dunn Ranked in the 2022 UK Legal 500

Gibson Dunn earned 16 practice area rankings in the 2022 edition of The Legal 500 UK. Six partners were named to Legal 500’s Hall of Fame, recognizing individuals who receive consistent feedback from the market for continued excellence, and seven partners were named Leading Lawyers in their respective practices.

Firm News | October 7, 2021

Who’s Who Legal 2021 Recognizes Gibson Dunn Partners in Thought Leaders – Global Elite

Six Gibson Dunn partners were featured by Who’s Who Legal in its Thought Leaders – Global Elite 2021 guide. The publication features individuals who obtained the highest number of nominations from peers, corporate counsel and other market sources.

Firm News | September 28, 2021

Law360 Names Six Gibson Dunn Partners as 2021 MVPs

Law360 named six Gibson Dunn partners among its 2021 MVPs. The Law360 MVP Awards feature lawyers who have “distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.” The list was published on August 30, 2021.

Firm News | September 8, 2021

Tax Partner Matt Donnelly Joins Gibson Dunn in D.C.

Gibson, Dunn & Crutcher LLP is pleased to announce that Matt Donnelly has joined the firm’s Washington, D.C. office as a partner. Donnelly, formerly a partner with Baker Botts L.L.P., will continue his tax practice at Gibson Dunn.

Press Releases | September 1, 2021

Senate Finance Committee Chairman Ron Wyden (D-OR) Introduces the “Ending The Carried Interest Loophole Act” That Would Require Current Ordinary Income Inclusions

On August 5, 2021, U.S. Senate Finance Committee Chairman Ron Wyden (D-Oregon) and U.S. Senate Finance Committee member Sheldon Whitehouse (D-Rhode Island) introduced legislation entitled the “Ending the Carried Interest Loophole Act.” According to a summary released by the Finance Committee, the legislation is intended to close “the entire carried interest loophole.”  While this legislation is very similar to a previous proposal introduced by Chairman Wyden, this legislation appears to have a greater likelihood of passage given the Democratic party’s control of both chambers of Congress and the election of President Biden.

Client Alert | August 10, 2021

Corporate Tax 2021 – United Kingdom

London partner Sandy Bhogal and associate Bridget English are the authors of "United Kingdom," [PDF] published in Global Legal Insights - Corporate Tax 2021, Ninth Edition in August 2021.

Article | August 4, 2021

Zum Anpassungsbedarf bei Gewinnabführungsverträgen

Zum BMF-Schreiben vom 24.03.2021: Das Bundesministerium der Finanzen (BMF) hat vor kurzem zur körperschaftsteuerlichen Anerkennung von Gewinnabführungsverträgen Stellung genommen. Dies gibt Anlass, insbesondere sog. Altverträge, die vor dem 27.02.2013 abgeschlossen oder letztmals geändert worden sind, zu prüfen und ggf. anzupassen.

Client Alert | June 28, 2021

Biden Administration Releases Fiscal Year 2022 Budget, Together With a “Greenbook” Providing Detailed Descriptions of Proposed Changes to Federal Tax Law and Accompanying Revenue Estimates

On May 28, 2021, the Administration released its fiscal year (FY) 2022 Budget, outlining a plan for $6 trillion of federal spending and $4.1 trillion in revenue for FY 2022 alone.

Client Alert | May 29, 2021

UK Tax Quarterly Update – May 2021

Gibson Dunn lawyers review the latest international and UK-based tax developments for spring 2021.

Client Alert | May 24, 2021

Taxation of Crypto Assets: United Kingdom

London partner Benjamin Fryer and associate Bridget English are the authors of the "United Kingdom" [PDF] chapter in Taxation of Crypto Assets published by Wolters Kluwer on November 13, 2020.

Article | May 13, 2021

The Clean Energy Revolution: Renewable Energy Tax Incentives and Issues

Dallas associate Michael Cannon is the author of “The Clean Energy Revolution: Renewable Energy Tax Incentives and Issues” [PDF] published by Tax Notes Federal on April 12, 2021.

Article | April 12, 2021

Former IRS Chief Counsel Michael Desmond Joins Gibson Dunn’s Los Angeles and D.C. Offices

Gibson, Dunn & Crutcher LLP is pleased to announce that Michael J. Desmond has joined the firm as a partner in the Los Angeles and Washington, D.C. offices.

Press Releases | May 3, 2021

Evaluating Creditor Continuity of Interest: A 10-Step Process

New York associate Alex Marcellesi is the author of "Evaluating Creditor Continuity of Interest: A 10-Step Process," [PDF] published by Tax Notes Federal on March 15, 2021.

Publications | April 13, 2021

New York Adopts LIBOR Legislation

On April 6, 2021, New York Governor Andrew Cuomo signed into law Senate Bill 297B/Assembly Bill 164B, the long anticipated New York State legislation addressing the cessation of U.S. Dollar LIBOR.

Client Alert | April 8, 2021

The End Is Near: LIBOR Cessation Dates Formally Announced

On March 5, 2021, regulators and industry groups provided market participants with much anticipated clarity by announcing the dates for the cessation of publication of, and non-representativeness of, various settings of the London Interbank Offered Rate which will allow market participants to identify the date that their financial instruments and commercial agreements that reference LIBOR will transition to an alternative reference rate (e.g., a risk free rate).

Client Alert | March 9, 2021

2020 Year-End German Law Update

At Gibson Dunn, we are proud and honored to be at your side to help solve your most complex legal questions and to continue our partnership with you in the coming year in Germany, in Europe and the world. We trust you will find this German Law Year-End Update insightful and instructive for the best possible start in 2021.

Client Alert | January 14, 2021

Who’s Who Legal 2021 Recognizes Gibson Dunn Partners in Arbitration, Tax and Competition

Four Gibson Dunn partners were featured in Who’s Who Legal Arbitration 2021 guide: London partners Cyrus Benson, Penny Madden and Jeffrey Sullivan were recognized and New York partner Rahim Moloo was named as a Future Leader.

Firm News | January 14, 2021

DAC 6 Update: UK Narrows Scope of Mandatory Tax Reporting

In a surprise u-turn, on 31 December 2020, the UK government took steps to narrow the scope of mandatory reporting under DAC 6.

Client Alert | January 4, 2021

Real Estate Partnerships: The Basics and Some Technical Stuff

New York associate James Manzione is the author of "Real Estate Partnerships: The Basics and Some Technical Stuff," [PDF] published by Tax Notes Federal on November 23, 2020.

Publications | December 23, 2020

UK Tax Quarterly Update – December 2020

Gibson Dunn lawyers review the latest international and UK-based tax developments for fall 2020.

Client Alert | December 22, 2020

Gibson Dunn Ranked in the 2021 UK Legal 500

Gibson Dunn earned 13 practice area rankings in the 2021 edition of The Legal 500 UK. Four partners were named to Legal 500’s Hall of Fame, recognizing individuals who receive consistent feedback from their clients for continued excellence, and four other partners were named Leading Lawyers in their respective practices.

Firm News | October 5, 2020

Gibson Dunn Ranked in World Tax 2021

World Tax, in association with the International Tax Review, has recognized Gibson Dunn in two categories in its 2021 edition. The firm was recognized in the UK General Corporate Tax and Transactional Tax categories.

Firm News | September 29, 2020

UK Government Announces Its ‘Winter Economy Plan’

On September 24, 2020, the UK Government announced its “Winter Economy Plan” – a series of employment and business support and tax measures intended to support the UK economy as the COVID-19 pandemic continues to impact economic output.

Client Alert | September 24, 2020

World Tax Recognizes Sandy Bhogal and Elaine Chen

World Tax, in association with the International Tax Review, has named London partner Sandy Bhogal and Hong Kong partner Elaine Chen among its 2021 Tax Leaders.

Firm News | September 24, 2020

Murphy Oil’s $2.127 billion Divestment of its Malaysian Operations to PTTEP Named Impact Deal of the Year by ITR

International Tax Review has named Murphy Oil's $2.127 billion divestment of its entire Malaysian operations to PTT Exploration and Production Company Limited (PTTEP), the publicly listed subsidiary of Thailand's national oil company, PTT, as one of its Impact Deals of the Year at the ITR Asia Tax Awards 2020.

Firm News | August 31, 2020

Corporate Tax 2020 – United Kingdom

London partner Sandy Bhogal and associate Barbara Onuonga are the authors of "United Kingdom," [PDF] published in Global Legal Insights - Corporate Tax 2020, Eighth Edition in August 2020.

Publications | August 4, 2020

Tax Partner Pamela Lawrence Endreny Joins Gibson Dunn in New York

Gibson, Dunn & Crutcher LLP is pleased to announce that Pamela Lawrence Endreny has joined the firm’s New York office. Endreny, formerly a partner at Skadden, Arps, Slate, Meagher & Flom LLP, will continue to focus on advising clients in a broad range of U.S.

Press Releases | August 4, 2020

Jeff Trinklein and Sandy Bhogal Recognized in Tax Expert Guide 2020

Legal Media Group’s Expert Guides has named London partners Jeff Trinklein and Sandy Bhogal to its 2020 edition of the Tax Expert Guide, which recognizes the top legal practitioners in the industry.

Firm News | July 17, 2020

UK Tax Quarterly Update – July 2020

Gibson Dunn lawyers in London outline various UK and international tax developments considered to be of greatest significance during the second quarter of 2020.

Client Alert | July 16, 2020

Best Lawyers in Germany 2021 Recognizes 19 Gibson Dunn Attorneys

Best Lawyers in Germany 2021 has recognized 19 Gibson Dunn attorneys as leading lawyers in their respective practice areas. Frankfurt attorneys recognized include: Alexander Klein – Banking and Finance Law; Jens-Olrik Murach – Competition/Antitrust Law, and Litigation; Dirk Oberbracht – Corporate Law, Mergers and Acquisitions Law, and Private Equity Law; Wilhelm Reinhardt – Corporate Law, and Mergers and Acquisitions Law; Sebastian Schoon – Banking and Finance Law; and Finn Zeidler – Arbitration and Mediation, Criminal Defense, and Litigation.

Firm News | June 26, 2020

Best Lawyers in France 2021 Recognizes 17 Gibson Dunn Attorneys

Best Lawyers in France 2021 recognized 17 Gibson Dunn attorneys and named Gibson Dunn the Insolvency and Reorganization Law “Law Firm of the Year.”

Firm News | June 25, 2020

Bankruptcy-Proximate Owner Shift? Loss Corporation Beware

Dallas associate Michael Cannon is the author of "Bankruptcy-Proximate Owner Shift? Loss Corporation Beware," [PDF] published by Tax Notes Federal on May 18, 2020.

Publications | June 15, 2020

Covid-19, the CARES Act and Tax Planning for Real Estate and Passthrough Businesses — Part II

Houston partner James Chenoweth, New York partner Brian Kniesly, and Los Angeles partner Lorna Wilson are the authors of “Covid-19, the CARES Act and Tax Planning for Real Estate and Passthrough Businesses--Part II,” [PDF] published by Bloomberg Tax on May 20, 2020.

Publications | May 22, 2020

Double Tax Benefits in the CARES Act

Washington, D.C. associate Virginia Blanton, Dallas associate Michael Cannon and New York associate Jennifer Fitzgerald are the authors of "Double Tax Benefits in the CARES Act," [PDF] published by Tax Notes Federal on April 20, 2020.

Publications | May 18, 2020

Tax implications of benchmark reform: UK tax authority weighs in

It is expected that, from the end of 2021, London Interbank Offered Rates (“LIBORs”), which are used as reference rates in the loan, bond and derivatives markets, will cease to be published.

Client Alert | May 4, 2020

IRS Issues Notice Clarifying Expenses Funded with Proceeds of Small Business Administration Loans under Paycheck Protection Program

On Thursday, April 30, 2020, the Internal Revenue Service (the “IRS”) issued Notice 2020-32 (the “Notice”).[1]  The Notice clarifies that, in the IRS’s view, expenses funded using the proceeds of Small Business Administration (“SBA”) loans extended pursuant to the Paycheck Protection Program are not deductible if the loan is forgiven.

Client Alert | May 1, 2020

Gibson Dunn Ranked in Legal 500 EMEA 2020

The Legal 500 EMEA 2020 has recommended Gibson Dunn in 19 categories in Belgium, France, Germany and UAE.

Firm News | April 30, 2020

COVID-19, the CARES Act and Tax Planning for Real Estate and Passthrough Businesses

Houston partner James Chenoweth, New York partner Brian Kniesly, and Los Angeles partner Lorna Wilson are the authors of "Covid-19, the CARES Act and Tax Planning for Real Estate and Passthrough Businesses," [PDF] published by Bloomberg Tax on April 15, 2020.

Publications | April 20, 2020

UK Tax Quarterly Update – The UK Digital Services Tax

Gibson Dunn lawyers detail some of the factors that have influenced the introduction of Digital Services Tax in the UK and its wider implications for multinational enterprises.

Client Alert | April 9, 2020

Gibson Dunn Deal Receives Honorable Mention in Asian-Mena Counsel Magazine

Asian-mena Counsel recognized Murphy Oil’s $2.127 billion divestment of its entire Malaysian operations to PTT Exploration and Production Company Limited (PTTEP), the publicly listed subsidiary of Thailand’s national oil company, PTT, with an honorable mention in its Deals of the Year for 2019.

Firm News | April 3, 2020

UK Tax Quarterly Update – April 2020 Budget Special

Gibson Dunn lawyers provide an update on various key tax-related announcements and developments in the United Kingdom during Q1 2020.

Client Alert | April 3, 2020

Tax Relief in the CARES Act

On Friday, March 27, 2020, Congress passed and President Donald Trump signed into law the third major piece of legislation intended to address the economic impact of the coronavirus (COVID-19) outbreak.

Client Alert | March 27, 2020

IRS Extends Income Tax Return Filing and Payment Deadlines from April 15 to July 15; Many U.S. States Follow Suit

Internal Revenue Service (“IRS”) Notice 2020-18, issued March 20, 2020, provides updated guidance on the extension of the April 15, 2020 U.S. federal income tax return filing and payment deadlines for individuals and corporations to July 15, 2020 as a result of the Coronavirus pandemic.

Client Alert | March 27, 2020

Tax-Favored Financial and Other Assistance to Employees in the Face of COVID-19

Gibson Dunn lawyers discuss the ability for employers to provide tax-free financial assistance to employees who are affected, directly or indirectly, by COVID-19, while preserving the employer’s ability to deduct the payments of financial assistance, as a result of the President's declaration of a national emergency.

Client Alert | March 25, 2020

Gibson Dunn Earns 155 Rankings from Chambers Global 2020

In the 2020 edition of Chambers Global, Gibson Dunn earned 155 total rankings – 56 firm practice group rankings and 99 individual rankings. The firm and its lawyers were recognized globally and in the Asia-Pacific, Europe, Latin America and Middle East regions, with additional recognitions in Belgium, China, France, Germany, India, Indonesia, the Philippines, Singapore, the United Arab Emirates, the United Kingdom and the United States.

Firm News | March 5, 2020

David Rubin Wins International Tax Student Writing Competition

Los Angeles associate David Rubin is the winner of the International Fiscal Association’s 2019 International Tax Student Writing Competition for his paper “EB or Not EB?

Firm News | March 3, 2020

Maryland Introduces New Carried Interest Tax Legislation

In January of 2020, the Maryland House and Senate introduced identical bills that would apply an additional 17% state income tax to (i) carried interest and management fee income attributable to certain investment management services provided in the state of Maryland and (ii) carried interest and management fee income earned by residents of Maryland, regardless of where the investment management services giving rise to the income are performed.

Client Alert | February 26, 2020

Guaranteed Payments and Interest: Why Treasury Is Overreaching

New York associate Alex Marcellesi is the author of "Guaranteed Payments and Interest: Why Treasury Is Overreaching," [PDF] published by Tax Notes Federal on December 9, 2019.

Publications | February 6, 2020

Who’s Who Legal Recognizes 15 Gibson Dunn Partners in Litigation, Corporate Tax and Private Funds

Who’s Who Legal named 15 Gibson Dunn partners to guides in their respective fields. Dubai partner Chézard Ameer, Hong Kong partner John Fadely, Los Angeles partner Jennifer Bellah Maguire, New York partners Shukie Grossman and Edward Sopher and Washington, D.C. partner C.

Firm News | January 30, 2020

Tax in 2019. Year in Review. A Financial Services Perspective.

London partner Benjamin Fryer and associate Barbara Onuonga are the authors of “The year in review,” [PDF] published in Financial Instruments Tax & Accounting Review in December 2019/January 2020.

Publications | January 27, 2020

What Impact Will Brexit Have on Derivative Benefits Test Under U.S. Double Tax Treaties?

Gibson Dunn lawyers discuss whether the United Kingdom’s withdrawal from the European Union means that U.K. shareholders will no longer be considered “equivalent beneficiaries” for purposes of the derivative benefits test in the limitation on benefits provision in U.S. tax treaties.

Client Alert | January 17, 2020

2019 Year-End German Law Update

Gibson Dunn lawyers in Frankfurt and Munich provide a recap of developments in German law across numerous areas during 2019.

Client Alert | January 10, 2020

Taxing the Digital Economy

London partner Sandy Bhogal and associate Barbara Onuonga are the authors of “Taxing the Digital Economy,” [PDF] published in Corporate Tax 2020, 16th Edition by International Comparative Legal Guides in December 2019.

Publications | December 18, 2019

Gibson Dunn Promotes 13 Lawyers to Partnership

Gibson, Dunn & Crutcher LLP is pleased to announce that the firm has elected 13 new partners, effective January 1, 2020. “We congratulate our new partners on this important and well-deserved professional achievement,” said Ken Doran, Chairman and Managing Partner of Gibson Dunn.

Press Releases | November 20, 2019

IRS Updates U.S. Retirement Plan COLAs for 2020

On November 6, 2019, the IRS released its cost-of-living adjustments applicable to tax-qualified retirement plans for 2020. Gibson Dunn lawyers provide an overview of the updates.

Client Alert | November 6, 2019

Treasury Releases Guidance on the Transition from LIBOR to Other Reference Rates

On October 9, 2019, the U.S. Department of the Treasury published proposed regulations on the transition from interbank offered rates (IBORs) to other reference rates.

Client Alert | October 15, 2019

IRS Releases Guidance on Taxation of Virtual Currencies

On October 9, 2019, the Internal Revenue Service released Rev. Rul. 2019-24, addressing two scenarios involving the taxation of virtual currencies.

Client Alert | October 10, 2019

Gibson Dunn Adds Tax Partner Ben Fryer in London

Gibson, Dunn & Crutcher LLP is pleased to announce that Ben Fryer will join the firm as a partner in the London office. Currently a partner with Mayer Brown, Fryer will continue his tax practice at Gibson Dunn.

Press Releases | October 7, 2019

Gibson Dunn Ranked in the 2020 UK Legal 500

The UK Legal 500 2020 ranked Gibson Dunn in 15 practice areas and named seven partners as Leading Lawyers. The firm was recognized in the following categories:

Firm News | October 4, 2019

UK Supreme Court Decides Suspending UK Parliament Was Unlawful

On September 23, 2019, the UK’s highest court ruled that Prime Minister Boris Johnson’s decision to suspend (or “prorogue”) Parliament for five weeks, from September 9, 2019 until October 14, 2019, was unlawful.

Client Alert | September 24, 2019

Gibson Dunn Lawyers Recognized in the Best Lawyers in America® 2020

The Best Lawyers in America® 2020 has recognized 158 Gibson Dunn attorneys in 54 practice areas. Additionally, 48 lawyers were recognized in Best Lawyers International in Belgium, Brazil, France, Germany, Singapore, United Arab Emirates and United Kingdom.

Firm News | August 15, 2019

New UK Prime Minister – what has happened?

An update on the political state of play in the United Kingdom after Boris Johnson was selected as Prime Minister, covering Brexit and other developments.

Client Alert | July 26, 2019

Digital Services Taxes May Violate Investment Treaty Protections

Recent tax measures adopted, or contemplated, by States which target foreign investors may violate investment treaty obligations, including national treatment, and fair and equitable treatment obligations. These investment treaties give foreign investors the right to pursue claims directly against the State for such breaches.

Client Alert | July 24, 2019

Tell Me It’s Over: Tax Year Endings and M&A Transactions

Dallas associate Michael Cannon is the author of "Tell Me It’s Over: Tax Year Endings and M&A Transactions" [PDF] published by Tax Notes Federal on June 10, 2019.

Publications | June 10, 2019

Best Lawyers in France 2020 Recognizes 16 Gibson Dunn Attorneys

Best Lawyers in France 2020 has recognized 16 Gibson Dunn attorneys as leading lawyers in their respective practice areas: Ahmed Baladi – Information Technology Law, Intellectual Property Law, Privacy and Data Security Law and Telecommunications Law; Nicolas Baverez – Administrative Law, Public Law and Regulatory Practice; Maïwenn Béas – Public Law; Amanda Bevan-de Bernède – Banking and Finance Law and Investment; Eric Bouffard – International Arbitration; Bertrand Delaunay – Mergers and Acquisitions Law and Private Equity Law; Jérôme Delaurière – Tax Law; Jean-Pierre Farges – Arbitration and Mediation, Banking and Finance Law, Insolvency and Reorganization Law and Litigation; Pierre-Emmanuel Fender - Insolvency and Reorganization Law; Benoît Fleury – Corporate Law

Firm News | July 1, 2019

Can the U.K. Digital Services Tax Address the Digital Economy?

London partner Sandy Bhogal is the author of “Can the U.K. Digital Services Tax Address the Digital Economy?” [PDF] published by Tax Notes International and Tax Analysts on June 24, 2019.

Publications | June 24, 2019

Taxing the Digital Economy and Digital Service Tax Proposals Impacting the United Kingdom and the European Union

Gibson Dunn looks at what is driving tax considerations of the digital economy debate and provide an overview of certain digital tax proposals impacting the United Kingdom and the European Union.

Client Alert | June 20, 2019

Four Gibson Dunn Partners Recognized in Who’s Who Legal 2019 in Tax, Life Sciences and Insurance

Four Gibson Dunn partners were recognized by Who’s Who Legal in their respective fields. In Who’s Who Legal Thought Leaders – Tax 2019, two partners were recognized: London partner Sandy Bhogal and New York partner Eric Sloan.

Firm News | June 18, 2019

UK Nationalisation – Investment Treaties can offer opportunities to reorganise now to protect valuations

The political instabilities caused by Brexit raise the possibility that a General Election may be held in the UK sooner than the scheduled 5 May 2022.  Given current political turbulence, the prospect of Labour winning any such snap election can no longer be dismissed.  If this happens, a future Labour government led by Jeremy Corbyn and John McDonnell is expected to consider nationalising a range of assets.

Client Alert | May 9, 2019

IRS Issues Additional Guidance on Investing in Opportunity Zones

On April 17, 2019, the Internal Revenue Service and the Treasury Department released proposed regulations that provide additional guidance regarding investing in “qualified opportunity funds” and “opportunity zones.”

Client Alert | April 22, 2019

Gibson Dunn Ranked in Legal 500 EMEA 2019

The Legal 500 EMEA 2019 has recommended Gibson Dunn in 14 categories in Belgium, France, Germany and UAE. The firm was recognized in Competition – EU and Global in Belgium; Administrative and Public Law, Dispute Resolution – Commercial Litigation Industry Focus – IT, Telecoms and the Internet, Insolvency, Insurance, Mergers and Acquisitions, and Tax in France; Antitrust, Compliance, Internal Investigations and Private Equity in Germany; and Corporate and M&A and Investment Funds in UAE.

Firm News | April 19, 2019

Supreme Court Holds That Payments For Lost Wages Are Taxable “Compensation” Under The Railroad Retirement Tax Act

On March 4, 2019, the U.S. Supreme Court held 7-2 that payments for lost wages due to on-the-job injuries are a form of taxable “compensation” under the Railroad Retirement Tax Act (RRTA).

Client Alert | March 4, 2019

Staking Out New Territory: Taxation of Proof-of-Stake Protocols

New York associate Brian Hamano is the author of “Staking Out New Territory: Taxation of Proof-of-Stake Protocols” [PDF] published by Tax Notes on the January 28, 2019.

Publications | January 28, 2019

2018 Year-End German Law Update

Looking back at the past year's cacophony of voices in a world trying to negotiate a new balance of powers, it appeared that Germany was disturbingly silent, on both the global and European stage.

Client Alert | January 11, 2019

UK Real Estate Tax – A New Landscape For Investors

This is an interesting time to be a UK citizen, not least because of the unpredictable political situation. However, UK tax policy regarding real estate investment and taxation of real estate structures has been a moving target since before the Brexit referendum.

Client Alert | December 17, 2018

Taxing the Digital Economy

London partner Sandy Bhogal and associate Panayiota Burquier are the authors of "Taxing the Digital Economy" [PDF] published in The International Comparative Legal Guide to: Corporate Tax 2019 on November 16, 2018.

Publications | November 16, 2018

The Impact on MNCs

London partner Sandy Bhogal is the author of “The Impact on MNCs” [PDF] published in Tax Journal on November 2, 2018.

Article | November 2, 2018

Gibson Dunn Ranked in Chambers UK 2019

Gibson Dunn was recognized with two firm and 14 individual rankings in the 2019 edition of Chambers UK.

Firm News | November 2, 2018

U.S. News – Best Lawyers® Awards Gibson Dunn 132 Top-Tier Rankings

U.S. News – Best Lawyers® awarded Gibson Dunn Tier 1 rankings in 132 practice area categories in its 2019 “Best Law Firms” [PDF] survey. Overall, the firm earned 169 rankings in nine metropolitan areas and nationally.

Firm News | November 1, 2018

Webcast: Spinning Out and Splitting Off – Navigating Complex Challenges in Corporate Separations

In the current strong market environment, spin-off deals have become a regular feature of the M&A landscape as strategic companies look for ways to maximize the value of various assets. In this program, a panel of lawyers from a number of these key practice areas provided insights based on their recent experience structuring and executing spin-off transactions. They walked through the hot topics, common issues and potential work-arounds.

Webcasts | October 30, 2018

IRS Provides Much Needed Guidance on Opportunity Zones through Issuance of Proposed Regulations

On October 19, 2018, the Internal Revenue Service (the "IRS") and the Treasury Department issued proposed regulations (the "Proposed Regulations") providing rules regarding the establishment and operation of "qualified opportunity funds" and their investment in "opportunity zones."

Client Alert | October 22, 2018

Why We Think the UK Is Heading for a “Soft Brexit”

Our discussions with politicians, civil servants, journalists and other commentators lead us to believe that the most likely outcome of the Brexit negotiations is that a deal will be agreed at the “softer” end of the spectrum, that the Conservative Government will survive and that Theresa May will remain as Prime Minister at least until a Brexit deal is agreed (although perhaps not thereafter).

Client Alert | October 10, 2018

The 100 Percent Tax-Exempt Use Property Trap: Funds Beware

Dallas associate Michael Cannon is the author of "The 100 Percent Tax-Exempt Use Property Trap: Funds Beware" [PDF] published in Tax Notes on September 3, 2018.

Article | September 3, 2018

IRS Issues Initial Selective Guidance on New Section 162(m) Provisions, including Transition Rules

On August 21, 2018, the IRS released Notice 2018-68, which provides initial guidance regarding changes made to Section 162(m) of the Internal Revenue Code ("Section 162(m)") by last year's Tax Cuts and Jobs Act (the "Act").

Client Alert | August 30, 2018

Eric Sloan Selected as American Bar Association Tax Section Vice Chair

New York partner Eric Sloan was appointed to a two-year term as Vice Chair - Government Relations for the Tax Section of the American Bar Association.

Firm News | August 7, 2018

Who’s Who Legal Recognizes Nine Gibson Dunn Partners

Nine Gibson Dunn partners were recognized by Who’s Who Legal in their respective fields. In Who’s Who Legal Corporate Tax 2018, three partners were recognized: Sandy Bhogal (London), Hatef Behnia (Los Angeles) and Eric Sloan (New York).

Firm News | August 1, 2018

The Impact on MNCs

London partner Sandy Bhogal is the author of "The Impact on MNCs" [PDF] published in Tax Journal on July 13, 2018.

Article | July 13, 2018

The Politics of Brexit for those Outside the UK

Following the widely reported Cabinet meeting at Chequers, the Prime Minister's country residence, on Friday 6 June 2018, the UK Government has now published its "White Paper" setting out its negotiating position with the EU.

Client Alert | July 12, 2018

Gibson Dunn Receives Chambers USA Excellence Award

At its annual USA Excellence Awards, Chambers and Partners named Gibson Dunn the winner in the Corporate Crime & Government Investigations category.

Firm News | May 25, 2018

Brexit – converting the political deal into a legal deal and the end state

In our client alert of 8 December 2017 we summarised the political deal relating to the terms of withdrawal of the UK from the EU with a two year transition.

Client Alert | March 12, 2018

IRS Issues First “Required Amendments List” for Tax-Qualified Retirement Plans Under New Program

In Revenue Procedure 2016-37 (issued in June 2016), the Internal Revenue Service substantially modified its determination letter program for tax-qualified retirement plans, such as pension plans and 401(k) plans.

Client Alert | January 31, 2018

The Overhaul of France’s Tax Laws Has Been Enacted -What Will the 2018 Finance Act Change?

On December 21st, 2017, the French Parliament approved the first Finance Laws of Emmanuel Macron's presidency (the "Finance Act"). The general objective pursued by the French Parliament through this tax reform is to sustain French economy's attractiveness and competitiveness and to attract a significant part of the population's savings into the productive economy and, hence, company stocks.

Client Alert | January 16, 2018

2017 Year-End German Law Update

"May you live in interesting times" goes the old Chinese proverb, which is not meant for a friend but for an enemy. Whoever expressed such wish, interesting times have certainly come to pass for the German economy.

Client Alert | January 7, 2018

Taxing International Investors in UK Real Estate

London partner Nicholas Aleksander is the author of "Taxing International Investors in UK Real Estate" [PDF] originally published in Tax Analysts, Vol 89 No 1, January 2018, and is reproduced by kind permission of Tax Analysts.

Article | January 1, 2018

Houston, We have New Tax Rates – Guiding Oil and Gas Companies Through Tax Reform

​Houston partner James Chenoweth and Dallas partner David Sinak are the authors of "Houston, We have New Tax Rates – Guiding Oil and Gas Companies Through Tax Reform," [PDF] published by The Texas Lawbook on December 21, 2017.

Article | December 21, 2017

Brexit – Initial deal agreed

The UK Government and the European Commission have issued a joint report setting out the progress of the phase 1 negotiations for the Brexit divorce terms.

Client Alert | December 8, 2017

What House And Senate Tax Bills Mean For Oil And Gas Cos.

​Houston partner James Chenoweth and New York partner Eric Sloan are the authors of "What House And Senate Tax Bills Mean For Oil And Gas Cos.," [PDF] published by Law360 on December 7, 2017.

Article | December 7, 2017

Black and Grey: The EU Publishes Its Lists of Tax Havens

On Tuesday, December 5, 2017, the EU announced its long-awaited list of seventeen "non-cooperative" tax jurisdictions (the "Black List") and identified a further 47 jurisdictions with whom discussions about tax reform are ongoing (the "Grey List").

Client Alert | December 7, 2017

International Investors to Be Liable to UK Tax on Capital Gains Derived from UK Real Estate from 2019

Background 1.1 The UK has the largest commercial property market in Europe, attracting over $31bn of investment in the first half of 2017 (even after the Brexit vote).

Client Alert | November 24, 2017