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One Big Beautiful Bill: Update on Provisions for Sports Industry

On May 22, 2025, the House of Representatives passed the draft tax legislation (the “Revised House Draft Bill”). The Revised House Draft Bill contains certain changes to the original bill that was released on May 12, 2025 by...more

The One Big Beautiful Bill: Relevant Provisions for Sports Industry

On May 12, 2025, the House Ways and Means Committee released an updated text of draft tax legislation (the “House Draft Bill”)...more

Trump Administration Disavows the OECD Global Tax Deal

On January 20, 2025, the White House issued a memorandum (the “Memorandum”), announcing that the “Organization for Economic Co-operation and Development (OECD) Global Tax Deal” (the “Global Tax Deal”) has “no force or effect...more

IRS Issues Final and Temporary Debt-Equity Regulations Under Section 385

On October 13, 2016, the Treasury Department and the Internal Revenue Service issued final and temporary regulations under section 385 of the Internal Revenue Code. The final and temporary regulations recharacterize certain...more

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