Tax

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Tax Partner Benjamin Rapp to Join Gibson Dunn in Germany

Gibson, Dunn & Crutcher LLP is pleased to announce that Benjamin Rapp will join the firm in Germany as a tax partner.

Press Releases | February 8, 2024

Gibson Dunn Advises UCK Partners on the Formation of UCK Partners III

Gibson Dunn advised UCK Partners, a Seoul-headquartered private equity firm, on the formation of its third Korea-focused fund, UCK Partners III, at KRW1.1 trillion in commitments.

Firm News | February 2, 2024

Gibson Dunn Advises Asia Partners on Final Close of Second Fund, Asia Partners II LP

Gibson Dunn represented Asia Partners, a Singapore-based growth equity investment firm, on the final close of its second fund, Asia Partners II LP, at US$474 million in commitments.   

Firm News | January 11, 2024

The State of Louisiana Is Granted Primacy Over Class VI Wells

The U.S. Environmental Protection Agency (EPA) has given Louisiana primary enforcement authority over the state’s Class VI underground injection wells, which are used by the carbon capture and sequestration (CCS) industry to permanently sequester captured carbon in underground geological formations.

Client Alert | January 8, 2024

IRS and Treasury Unveil Registration Tool for Transferring and Receiving Direct Payments for IRA and CHIPS Act Tax Credits

On December 22, 2023, the IRS and Treasury unveiled their new pre-filing registration portal for transferrable and refundable tax credits under the Inflation Reduction Act of 2022 and the CHIPS and Science Act of 2022.

Client Alert | December 27, 2023

Tax Court Determines That Limited Partners Are Not Necessarily Exempt from Self-Employment Tax – The Limits of the Limited Partner Exception, as Such

The U.S. Tax Court has determined that limited partners are not necessarily exempt from self-employment tax.

Client Alert | December 19, 2023

Gibson Dunn Represents JPMorgan in $300 Million Term Loan to Perrigo

Gibson Dunn represented JPMorgan as dealer manager in connection with Perrigo’s tender offer for up to $300 million of its outstanding 3.9% senior notes due 2024.

Firm News | December 15, 2023

Webcast: M&A Insights – How to Use CVRs to Bridge Valuation Gaps, DOJ Self-Disclosure Guidelines for M&A, and Shareholder Activism Update

Join us for a 30-minute briefing covering several M&A practice topics. The program is the fourth in a series of quarterly webcasts designed to provide quick insights into emerging issues and practical advice on how to manage common M&A problems.

Webcasts | December 6, 2023

IRS and Treasury Issue Proposed Investment Tax Credit Regulations for Energy Property

Our lawyers provide background on the investment tax credit for energy property, summarize the proposed regulations issued by the IRS and Treasury, and share key implications for taxpayers.

Client Alert | December 1, 2023

Tax Court Holds That Non-U.S. Fund Is Engaged in a U.S. Trade or Business

The Court’s decision raises important considerations for asset managers, non-U.S. funds, and other non-U.S. persons that invest in the United States.

Client Alert | November 22, 2023

Disproportionate S Corporation Rollovers: Lindsey Buckingham Was Right

New York partner Eric Sloan and associate James Jennings are the authors of "Disproportionate S Corporation Rollovers: Lindsey Buckingham Was Right" published by Tax Notes Federal on November 13, 2023. 

Article | November 13, 2023

Who’s Who Legal Recognizes Four Gibson Dunn Partners in Corporate Tax 2023

Four Gibson Dunn partners were recognized in Who’s Who Legal’s Corporate Tax 2023 guide.

Firm News | November 7, 2023

Gibson Dunn Ranked in Chambers UK 2024

Gibson Dunn was recognized with seven firm and 18 individual rankings in the 2023 edition of Chambers UK. The firm was recognized in the categories.

Firm News | October 19, 2023

Gibson Dunn Ranked in The Legal 500 UK 2024

Gibson Dunn earned 21 practice area rankings in the 2024 edition of The Legal 500 UK. 

Firm News | October 4, 2023

Gibson Dunn Named Tax and Trusts Law Firm of the Year at the ALB Hong Kong Law Awards 2023

Asian Legal Business named Gibson Dunn the “Tax and Trusts Firm of the Year” at the ALB Hong Kong Law Awards 2023. The awards recognize the exceptional performance of private practitioners and in-house counsel in Hong Kong.

Firm News | September 18, 2023

IRS and Treasury Issue Proposed Regulations Providing Guidance on Prevailing Wage and Apprenticeship Requirements Applicable to Clean Energy Credits

Our lawyers review proposed regulations issued by the U.S. IRS and Treasury providing guidance on prevailing wage and apprenticeship requirements applicable to clean energy credits.

Client Alert | September 6, 2023

Gibson Dunn Ranked in World Tax 2024

World Tax, International Tax Review's annual guide to the world's leading tax advisory practices, has recognized Gibson Dunn in eight categories in its 2024 edition.

Firm News | August 30, 2023

Bottom Dollar Partnership Guarantees Are Falling Off A Cliff

Because of an expiring transition rule, a partner that currently relies on a “bottom dollar guarantee” to support an allocation of liabilities may be required to recognize gain unless that partner takes action before October 4, 2023. Our lawyers provide a brief overview and discussion of the applicable Treasury regulations and describe the action that should be taken before October 4.

Client Alert | August 29, 2023

11 Gibson Dunn Lawyers Named Lawyers of the Year for 2024

Best Lawyers® named 11 Gibson Dunn lawyers as the 2024 Lawyer of the Year in their respective practice areas and cities.

Firm News | August 17, 2023

Corporate Tax 2023: United Kingdom

London partner Sandy Bhogal and associates Bridget English, Sophie Walsh and Isabella Fladée are the authors of the "United Kingdom" chapter in Global Legal Insights - Corporate Tax 2023, published by Global Legal Group in July 2023.

Article | July 25, 2023

Corporate Tax 2023: USA

New York partner Eric Sloan, New York of counsel Jennifer Sabin and Washington, D.C. associate Jennifer Fitzgerald are the authors of the "USA" chapter in Global Legal Insights - Corporate Tax 2023, published by Global Legal Group in July 2023. 

Article | July 25, 2023

Webcast: New Rules for Buying and Selling Clean Energy Tax Credits

With corporations now able to purchase clean energy tax credits, Gibson Dunn partners Mike Cannon and Matt Donnelly will walk you through the credits available for purchase, the process for purchasing credits, the issues that buyers and sellers should address in negotiating credit sales, and emerging market developments related to the new rules for selling credits.

Webcasts | July 18, 2023

Webcast: Stock Buybacks: What You Need to Know (and Disclose) Following Adoption of the SEC’s New Rules

In this briefing, our lawyers cover key SEC rule changes that will significantly impact the timing, manner and nature of the disclosures required for company share repurchases, including nuanced interpretive issues and tax implications.

Webcasts | July 11, 2023

Gibson Dunn Adds Leading Tax Lawyer Greg Nelson in Houston

Gibson, Dunn & Crutcher LLP is pleased to announce that Greg Nelson has joined the firm as a Senior Counsel.

Press Releases | July 10, 2023

Gibson Dunn Advises EQT Exeter on the Formation of EQT Exeter Industrial Value Fund VI

Gibson, Dunn & Crutcher LLP advised EQT Exeter on the formation of EQT Exeter Industrial Value Fund VI, which closed on $4.9 billion of capital commitments. 

Firm News | July 7, 2023

IRS and Treasury Issue Proposed Regulations Providing Initial Guidance on Direct Payments for Clean Energy Credits

Our lawyers discuss U.S. Treasury regulations proposed by the IRS and Treasury that provide guidance on rules for receiving refund payments in respect of certain credits under the Inflation Reduction Act of 2022.

Client Alert | June 29, 2023

IRS and Treasury Issue Proposed and Temporary Regulations Providing Initial Guidance on Transferability of Clean Energy Credits

Our lawyers discuss proposed regulations issued by the IRS and Treasury that provide guidance on the rules for selling certain tax credits pursuant to a new regime introduced in the Inflation Reduction Act of 2022.

Client Alert | June 21, 2023

New IRS Guidance on Acceptance of Advance Pricing Agreement (APA) Submissions and Increased Pre-Submission Review

Our lawyers discuss new internal procedures for handling requests for Advance Pricing Agreements introduced by the IRS’s Treaty and Transfer Pricing Operations director.

Client Alert | May 25, 2023

IRS and Treasury Issue Notice 2023-38 Providing Initial Guidance on “Domestic Content” for ITC- and PTC-eligible Projects

Our lawyers discuss an IRS and Treasury notice which provides initial guidance for developers and investors seeking to qualify projects for the domestic content bonus credit available under sections 45, 45Y, 48, and 48E.

Client Alert | May 17, 2023

IRS and Treasury Release Update to Notice 2023-29 on “Energy Community” Bonus for ITC- and PTC-eligible Projects

The IRS and Treasury issued Notice 2023-29, which provides eagerly awaited guidance for developers and investors seeking to qualify energy projects for the energy community bonus credit available under sections 45, 45Y, 48, and 48E.

Client Alert | April 12, 2023

Gibson Dunn Ranked in Chambers Europe 2023

Gibson Dunn received 36 rankings in Chambers Europe 2023: 24 individual rankings and 12 firm rankings.

Firm News | March 16, 2023

Supreme Court Holds That Bank Secrecy Act Imposes Single Penalty For Nonwillful Failure To File Timely, Accurate Annual Report Of Foreign Bank And Financial Accounts

In a 5–4 opinion, the Supreme Court held that the Bank Secrecy Act imposes a single penalty for each nonwillful failure to file an annual form disclosing foreign financial accounts, regardless of the number of accounts that were not disclosed.

Client Alert | February 28, 2023

Gibson Dunn Ranked in 2023 Chambers Greater China Region Guide

Gibson Dunn earned 10 firm rankings and 19 individual rankings in the 2023 edition of the Chambers Greater China Region guide.

Firm News | January 13, 2023

Who’s Who Legal Recognizes 39 Gibson Dunn Partners in its Inaugural Thought Leaders USA Guide

The inaugural edition of Who’s Who Legal’s Thought Leaders: USA featured 39 partners from Gibson Dunn.

Firm News | January 9, 2023

IRS and Treasury Issue Interim Guidance Addressing the Corporate Alternative Minimum Tax

Our lawyers discuss new guidance on the corporate alternative minimum tax enacted under the Inflation Reduction Act of 2022.

Client Alert | January 6, 2023

IRS and Treasury Issue Proposed Regulations Narrowing Domestically Controlled REIT Qualification Test and Revising Section 892 Exemption, as Well as Final Regulations Relating to Qualified Foreign Pension Funds

Gibson Dunn lawyers review proposed regulations by the IRS and the Department of the Treasury relating to REITs, controlled commercial entities and qualified foreign pension funds.

Client Alert | January 4, 2023

Who’s Who Thought Leaders – Global Elite 2023 Recognizes Eleven Gibson Dunn Partners

Eleven Gibson Dunn partners were featured by Who's Who Legal in its Thought Leaders - Global Elite 2023 guide.

Firm News | January 4, 2023

IRS and Treasury Issue Interim Guidance on New Stock Buyback Excise Tax

Our lawyers discuss interim guidance provided by the IRS and the Department of Treasury to taxpayers addressing the application of the new excise tax on certain repurchases of corporate stock mandated by The Inflation Reduction Act of 2022.

Client Alert | January 3, 2023

UK Tax Update – December 2022

Our lawyers provide an update on key tax policy issues in the United Kingdom over the past several months.

Client Alert | December 22, 2022

IRS and Treasury Issue Proposed Regulations on Consolidated Group Ownership of CFC Stock for Certain Purposes

Our lawyers discuss proposed IRS and Treasury regulations relating to the consolidated group ownership of the stock of lower-tier controlled foreign corporations.

Client Alert | December 16, 2022

Proposed U.S. Foreign Tax Credit Rules Provide Relief for Certain Taxpayers and Ideas for Others

Gibson Dunn lawyers discuss proposed regulations to address certain concerns raised by taxpayers and other stakeholders in response to final foreign tax credit regulations published in January 2022.

Client Alert | December 1, 2022

Measure ULA: New Transfer Tax on Los Angeles Residential and Commercial Real Property Sales Over $5 Million

Our lawyers discuss Measure ULA, which would impose a new “Homelessness and Housing Solutions Tax” on transfers of residential and commercial real property in the city of Los Angeles valued in excess of $5 million.

Client Alert | November 14, 2022

Who’s Who Legal Recognizes Four Gibson Dunn Partners in Corporate Tax 2022

Four Gibson Dunn partners were recognized in Who’s Who Legal’s Corporate Tax 2022 guide.

Firm News | October 28, 2022

Gibson Dunn Ranked in Chambers UK 2023

Gibson Dunn was recognized with seven firm and 20 individual rankings in the 2023 edition of Chambers UK.

Firm News | October 20, 2022

Euromoney’s Rising Star Awards 2022 Recognizes 16 Gibson Dunn Partners

Euromoney named 16 Gibson Dunn lawyers among its 2022 Rising Stars in the Americas, EMEA, and Asia-Pacific regions.

Firm News | October 12, 2022

Gibson Dunn Ranked in The Legal 500 UK 2023

Gibson Dunn earned 18 practice area rankings in the 2023 edition of The Legal 500 UK.

Firm News | September 29, 2022

Gibson Dunn Ranked in World Tax 2023

World Tax, International Tax Review’s annual guide to the world’s leading tax advisory practices, has recognized Gibson Dunn in five categories in its 2023 edition.

Firm News | September 29, 2022

The Inflation Reduction Act Includes Significant Benefits for the Carbon Capture Industry

Carbon capture, utilization, and sequestration projects around the United States received a significant boost from the Inflation Reduction Act of 2022. The IRA, which President Biden recently signed into law, includes approximately $369 billion in incentives for clean energy and climate-related program spending, including CCUS projects.

Client Alert | August 16, 2022

Update: Senate Passes Revised Version of Inflation Reduction Act of 2022; Carried Interest Changes Omitted and Tax on Corporate Stock Buybacks Added

On August 7, 2022, the Senate voted 51-50 to pass the Inflation Reduction Act of 2022, which broadly addresses climate change, taxes, health care, and inflation. The action sends the measure to the House of Representatives for a vote as early as Friday of this week. 

Client Alert | August 10, 2022

Inflation Reduction Act of 2022 Would Modify the Tax Treatment of Carried Interests, Include a Corporate Minimum Tax, and Expand Clean Energy Tax Incentives

On July 27, 2022, Senator Joe Manchin (D-West Virginia) and Senator Majority Leader Chuck Schumer (D-New York) announced an agreement on a reconciliation package entitled the Inflation Reduction Act of 2022 to address climate change, taxes, health care, and inflation.

Client Alert | July 29, 2022