U.S. House Passes Budget Resolution

The U.S. House of Representatives on August 24 voted 220-212 in favor of a $3.5 trillion budget resolution that allows congressional committees to draft legislation that would expand Medicare, invest in education, and allocate funds to combating climate change, as well as enact other spending priorities of the Biden administration. The legislation is also likely […]

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M&A Transactions: How to Avoid Consequences & Save Money

The state and local tax (SALT) treatment of M&A transactions can have a major impact on negotiated sales prices and after-tax values of deals. Whether you are contemplating a buy-side or sell-side transaction—or reorganizing your existing corporate structure— planning for the potential SALT consequences at the beginning of the process is crucial. Failure to consider […]

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SEC Approves Nasdaq’s Board Diversity Disclosure and Recruiting Proposals

Under newly SEC-approved Nasdaq rules relating to required disclosure of board diversity, beginning in 2023 listed companies will be expected to have at least two diverse directors – one female and one under-represented racial or LGBTQ+ individual – and in 2022 publicly disclose certain board diversity statistics. If they do not have two diverse directors, […]

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