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May 17, 2021
2021-1008

Thursday, May 20 | Private equity and private capital spotlight on the legislative, regulatory and tax fronts (11 am ET)

Please join us for a timely discussion of recent global private equity (PE) industry trends and the outlook for US and international legislative and regulatory changes relevant to PE and alternative funds, transactions and portfolio companies.

Our panel of professionals will discuss the global implications of President Biden’s proposed American Jobs Plan and American Families Plan and related potential business and individual tax increases and the viability of these legislative proposals.

Legislative and regulatory update — an examination of the regulatory and administrative changes in the first 100 days of the Biden administration and an update on:

  • Recent legislative proposals and their impact on PE and portfolio company industry sectors
  • PE-relevant tax proposals, including increases to the corporate, capital gain, individual, estate and gift tax rates and changes to the global and US international tax rules
  • An analysis of likely legislative scenarios

Potential impact on transactions — for PE and other alternative funds, including:

  • Cash tax, modeling and planning in anticipation of potential tax rate increases
  • Industry sector deal-flow ramifications for funds, portfolio companies and management companies
  • Recent marketplace challenges and trends, including special purpose acquisition companies (SPACs), sell-side activity, continuation funds, bespoke financing, leverage and tax solutions 

State and local tax (SALT) — a discussion of recent SALT developments, including the New York State tax rate increases and the highly anticipated elective pass-through entity tax, and their ramifications to PE and alternative funds, portfolio companies, management companies and fund professionals

Global “radar screen” — a rapid-fire overview of emerging global macro tax trends and PE-relevant cross-border tax developments  

Date: Thursday, May 20, 2021

Time: 11:00 AM Eastern Daylight Time

Registration: View archive here.

Panelists

  • Jerry Whelan, Principal, Private Equity Tax - Financial Services Office, Ernst & Young, LLP

  • Francis Grab, Principal, Washington Council, Ernst & Young LLP

  • John Hallmark, Public Policy, and US Political and Legislative Leader, Office of Public Policy, Ernst & Young LLP

  • Auri Weitz, International Tax and Transaction Services Private Equity Tax Leader, Ernst & Young LLP

  • Jordan Weintraub, Partner, State and Local Tax, Ernst & Young LLP

  • Matt Musano, Senior Manager, State and Local Tax, Ernst & Young LLP

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The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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