Overview

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

Washington Council Ernst & Young will provide insights on the current state of play in Washington, US election outcomes potential implications on tax and trade policy, and what this could mean for the future tax landscape and deal environment.

• Post US election legislative and regulatory outlook - Expected legislative and regulatory proposals, scenarios, and timeline related to addressing the Tax Cuts and Jobs Act of 2017 (TCJA) 2025 fiscal cliff.
• Potential knock-on effects to interest rate policy and re-examination of the provisions of the Inflation Reduction Act of 2022 (IRA) and the US implementation of BEPS
• Cross border - Income acceleration and domestic deduction deferral considerations
• Impact of tariffs and trade measures - Tax planning for changes to cross-border supply chains, transfer pricing and withholding tax

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

• US SALT – State and local election de-brief and resulting ballot and tax policy changes relevant for PE and PC sectors
• UK Budget – UK tax legislative update changes relevant to PE and PC including changes to the taxation of carried interest, inheritance tax and the “non-dom” tax rules
• CAMT proposed regulations — potential application to PE transactions, funds, blockers, and portfolio companies
• PE transaction marketplace update — discussion of the PE deal pipeline and emerging transaction trends
• BEPS — recent guidance and the implications for PE transactions
• Global radar screen – global election Supercycle and other recent PE and PC developments

Date: Thursday, December 5, 2024

Time: 11:00 a.m.–12:15 p.m. EST

Registration: Register for this event.

Panelists

• Steve Clausen, Partner, Transaction Tax Private Equity Leader, ITTS, Ernst & Young LLP
• Chris Mayer-Dempsey, Senior Manager, National Tax Department, Passthrough and Transactions Group, Ernst & Young LLP
• Brian Peabody, Principal, National Tax Department, ITTS, Ernst & Young LLP
• Sonia Rai, Partner, Private Equity, ITTS, Ernst & Young LLP UK
• Lisa Wolski, Principal, Washington Council Ernst & Young, Ernst & Young LLP
• Jason Yen, Principal, National Tax Department, ITTS, Ernst & Young LLP

Moderator

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

CPE credit offered: 1.4.

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