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October 19, 2021
2021-1897

Thursday, October 21 | Private Equity and Private Capital: Navigating transformative global and US legislative change (11 am ET)

Overview

Please join us for a timely discussion of the latest developments impacting global private equity (PE) and private capital funds, their transactions, portfolio companies, and fund professionals

EY Washington Council will provide the current state of play and valuable insights into the viability and timing of relevant US tax legislative proposals.

  • Legislative outlook — preparing for 2022 and beyond — potential impact to PE and portfolio company industry sectors
    • PE-relevant tax proposals including: increases to the corporate, capital gains, qualified dividend income, individual tax rates, and changes to the global and US international tax rules, limitations on interest deductions, and proposed changes to the taxation of carried interest.

Our panel of EY tax professionals will highlight cutting-edge trends and emerging strategies including:

  • Navigating the uncertainty — creating optionality in a changing tax environment in advance of year end — bespoke tools and techniques for PE and other alternative funds and their professionals, including:
    • Fund professionals — individual income, estate, and gift tax considerations in light of proposed tax changes
    • State and local tax (SALT) — a discussion of recent SALT developments, including changes to nexus and apportionment, the passthrough entity election and limitations on workarounds to SALT deduction
    • Employment tax — tax withholding developments related to remote workplace and return to work, change in tax domicile, proposed changes to compensation deductions and affiliated group rules
  • PE marketplace update — transaction and deal-flow trends, ramifications for funds, portfolio companies, and management companies.
    • Modeling for various tax legislative scenarios
  • Global "radar screen" — a rapid-fire overview of breaking and evolving global macro tax trends and PE-relevant cross-border tax developments including:
    • Implications of global tax agreement under BEPS 2.0 Inclusive Framework

Date: Thursday, 21 October 2021

Time: 11:00 a.m. - 12:15 p.m. ET

Registration: View archive here.

Moderator:

  • Gerald Whelan, EY PE Tax Technical Leader, Ernst & Young LLP

Panelists:

  • Peter Berard, Employment Tax Advisory Services, Ernst & Young LLP
  • Joel Friedlander, Private Client Services, Ernst & Young LLP
  • Francis Grab, Washington Council Ernst & Young
  • Rachael Walker, National Tax, Employment Tax Services, Ernst & Young LLP
  • Jordan Weintraub, SALT, Ernst & Young LLP
  • Auri Weitz, ITTS US PE Tax Leader, Ernst & Young LLP

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