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Beyond the Pendulum: Lessons from SEC’s Implementation of Staff Legal Bulletin 14M

Harvard Corporate Governance

On February 12, 2025, the Staff of the Division of Corporation Finance (the “Staff”) of the U.S. SLB 14M represents a pendulum swing between administrations, shifting back to some interpretations prevalent between 2017 and 2020 and away from the guidance in effect from 2021 to 2024.

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Infrastructure Investment Banking: Definitions, Deals, and a Dizzying Diversity of Verticals

Brian DeChesare

Like renewable energy IB , different banks classify their groups differently, so you could find yourself working on everything from a data center REIT M&A deal to an airport financing to an IPO for a solar developer. Renewables, Power & Utilities, Project Finance, Public Finance, Real Estate, Oil & Gas and More?

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Business Owner’s Guide: Preparing for Estate Tax Exemption Transitions

Scott Mashuda

The TCJA of 2017 reduced the U.S. The Link Between Derisking and Value Creation Derisking plays a dual role in M&A value creation: it commands higher multiples from buyers and attracts better financing terms from lenders, who favor stable, predictable cash flows.

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Making AI Pay Off in Global Banking

Global Finance

As AI is piloted and adopted across all aspects of the personal and business banking landscape, Global Finance held a Digital Banking and AI Innovation panel in London with global financial industry leaders to explore the impact of new technologies and how to incorporate them in a way that creates a win-win for all stakeholders.

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Uzbekistan Minister Laziz Kudratov On Country’s Sweeping Economic Makeover

Global Finance

Global Finance spoke with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade. Global Finance : Tell us about Uzbekistan’s transformation over the past eight years and what else you are looking to accomplish. Since the reforms began in 2017, the sector has welcomed investments totaling $9.8

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The impact of the SALT cap on state income taxation: What’s at stake

ThomsonReuters

However, the cap enacted in the Tax Cuts and Jobs Act (TCJA) of 2017 has significantly impacted taxpayers who itemize their deductions, particularly those living in high-tax states like California, New York, and New Jersey. With the cap in place, residents are less likely to see the same level of tax relief, which can strain state finances.

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Data Update 8 for 2025: Debt, Taxes and Default - An Unholy Trifecta!

Musings on Markets

That is where the cost of capital, the Swiss Army Knife of finance that I wrote about in my sixth data update update , comes into play as a debt optimizing tool. With state and local taxes added on, the US, at the start of 2025, had a marginal corporate tax rate of 25%, almost perfectly in line with a global norm.