On June 16, 2025, the Senate Finance Committee released its version of the tax title of the House-passed One Big Beautiful Bill Act. The Senate text keeps the “revenge tax” provision ...
The House of Representatives passed the One Big Beautiful Bill Act, a much-anticipated suite of proposed tax law changes and revenue offsets, on May 22, 2025. This update describes key pr...
On Monday, President Trump issued a flurry of executive orders on a wide variety of topics, many of which implement changes previewed during his presidential campaign. Three of the execu...
The Trump administration is likely to prioritize tax reform, aligning with Trump’s previous stance on the 2017 Tax Cuts and Jobs Act (TCJA), and taxpayers should be attentive to these c...
In Loper Bright Enterprises v. Raimondo, the Supreme Court overruled Chevron v. NRDC, holding that Chevron deference to an agency’s permissible interpretation of an ambiguous or silent ...
The Inflation Reduction Act permits state pension plans, tax-exempt organizations and other “applicable entities” that invest in certain renewable energy projects to receive cash paym...
Davis Polk’s “Issues in Midstream Restructurings” webinar series is a three-part event.
Part III covers key features of midstream companies that are organized as master limited par...
The U.S. Supreme Court issued a decision on February 25 that reduces certainty as to which member of a consolidated tax group is entitled to a federal tax refund. In Rodriguez v. FDIC, t...
President Trump has signed two significant executive orders regarding transparency in federal agency guidance and enforcement. This visual memorandum provides an overview of and key take...
On September 9, 2019, the Internal Revenue Service released proposed regulations that, if finalized in their current form, would in many cases dramatically reduce the portion of a company...
