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Tax Insights

Insights

Minimum-Taxed Corporations May Pass by Opportunity Zones

The proposed Inflation Reduction Act’s corporate alternative minimum tax base is financial accounting income that does not incorporate the Internal Revenue Code’s favorable exemption and deferral tax incentives for investments in qualified opportunity funds. Alan S. Lederman of Gunster, Yoakley & Stewart, P.A. says this adverse treatment of QOFs arguably is inconsistent with the CAMT’s treatment of similar socially oriented Code incentive programs that are within the Code’s CAMT-creditable general business credit.

No, Trump Can’t Take Tax Breaks for Where His Ex-Wife Was Buried

When former President Donald Tump’s ex-wife, Ivana Trump, was buried at Trump National Golf Club Bedminster, theories surfaced that the grave’s location could result in tax exemptions. Berkowitz Pollack Brant’s Luke Lucas shares why the golf club doesn’t qualify as a cemetery company and thus is not eligible for those tax breaks.

What to Know About Argentina’s Tax Planning Information Regime

Argentina’s Tax Planning Information Regime, implemented in October 2020, aims to give tax authorities easy access to information as tax planning is carried out to reduce or eliminate taxes in the country. Baker McKenzie’s Martin Barreiro gives an overview of the regime.

Commentary

When Your SEC Prosecutor Is Your Judge, Scandals Surely Follow

Two recent federal appeals court cases involving the US Securities and Exchange Commission have rocked the world of administrative law. They also have shown that it’s time to restore the separation of prosecutorial and adjudicative powers, say New Civil Liberties Alliance’s Peggy Little and Kara Rollins.

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