U.S. Federal Tax
In The News
New tax laws are prompting investment firms to change their structures in order to take advantage of the lower corporate tax rate, as demonstrated by KKR & Co. According to David Strong, co-chair of Morrison & Foerster’s global tax department and chair of its federal tax practice, the change allows access to new capital.
"There are certain types of investors, including many institutional and foreign investors, that just don’t want to be in a U.S. partnership/flow-through model," he said in the Washington Examiner article “KKR joins investment firms reorganizing to take advantage of new law.” "Once you convert to a corporate model and you’re just holding public shares like any other corporation, you’re going to attract a broad range of potential new investors."
©1996-2019 Morrison & Foerster LLP. All rights reserved.