When the Director of President Trump’s National Economic Council Gary Cohn resigned in March, the stock market dropped almost 300 points the morning after the announcement.1 While your first reaction may be to write it off as coincidental, it is anything but, as the market displayed a similar reaction when rumors of his resignation were…
Tag: President Trump
Revised Tax Treatment for Net Operating Losses and Potential Effects
When Congress passed the Tax Cuts and Jobs Act in late 2017, the Internal Revenue Code (“Code”) experienced a major adjustment. In addition to numerous, noteworthy changes in the Code, the treatment of “net operating losses” is now subject to different parameters. A net operating loss (“NOL”) is a loss taken by a business where…
Uncertainty With Chinese Foreign Direct Investment Under the Trump Administration; Expanding Role of CFIUS
The People’s Republic of China has grown into the world’s second largest economy, the largest manufacturing nation, and a major political/diplomatic presence at a rapid pace. For the first few decades post-1950, China relied on an inflow of foreign direct investment (“FDI”) while the country’s ability to offer cheap labor to companies and lopsided trade…
The Art of the Deal? Taking a Closer Look at Wisconsin’s $3 Billion Deal with Foxconn
Last month, Wisconsin governor Scott Walker signed into law a bill approving up to $3 billion in subsidies and tax breaks for Taiwanese tech giant Foxconn, in return for the company’s promise to build a manufacturing facility in the state.1 Under the agreement, Foxconn would invest $10 billion to construct a facility over six years,…