Skadden, Arps, Slate, Meagher & Flom LLP

Obama Administration Proposes Significant Tax Changes
Armando Gomez,Cary D. Pugh,Jamal Razavian,Sean M. Shimamoto, February 17, 2012
On February 13, 2012, the Obama administration released its proposed budget for fiscal year 2013, which includes a number of proposals relating to tax incentives for research and investments in renewable energy property, and numerous changes affecting corporate, partnership and international tax....

Highlights of Proposed Regulations Issued Under FATCA and Multijurisdiction Plan for Information Sharing
Jared Binstock,Jody J. Brewster,Roseann M. Cutrone,Pamela Lawrence Endreny,Edward E. Gonzalez,Yvonne L. Lee,Megan E. Wernke, February 15, 2012
On February 8, 2012, Treasury and the IRS issued comprehensive proposed regulations (Proposed Regulations) that would, when finalized, implement the Foreign Account Tax Compliance Act (FATCA), which was enacted in March 2010. Notably, the Proposed Regulations delay the implementation of several...

SEC Staff Responds to Questions About the Family Office Rule
Lawrence D. Frishman,Anastasia T. Rockas, February 15, 2012
On January 19, 2012, the staff of the Division of Investment Management (the “Staff”) of the Securities and Exchange Commission (the “SEC”) provided a set of responses to questions about rule 202(a)(11)(G)-1, the “family office rule” under the Investment Advisers...