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Key Tax Law Changes for Fund Managers Under the One Big Beautiful Bill Act

The “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4, 2025, brings important changes for investment funds. The OBBBA also omits several anticipated provisions that would have adversely impacted investment...more

Federal Tax Legislation Extends and Increases SALT Cap, Preserves PTET Workarounds

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, introduces a revised approach to the limitation on deductibility of state and local taxes (SALT cap)....more

Treasury Department Issues Final and Proposed Rules on Cloud Transactions, Other Digital Content

On January 10, 2025, the US Department of the Treasury and IRS released final and proposed regulations that provide tax guidance for the digital economy....more

Blog: Primer - U.S. Tax Considerations for Venture Capital Funds

We are frequently asked by our fund manager clients about what tax issues they should consider when forming a new venture capital fund or investing in portfolio companies. In this post, we outline a few key considerations for...more

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