More and more, venture capital funds are moving their cash balances to money market funds. Holding money in these funds allows for greater flexibility in cash management, as well as providing greater yield while also reducing the risk of a potential banking crisis. However, for funds with foreign investors, U.S. money market funds can create certain tax complications for both the fund and investors that should be considered.

In the latest installment of <em>Sodium Podium</em> – the Andersen SALT team's regular column in Tax Notes, Eric Anderson, Catherine Chiou, and Michael Beck examine the key state and local income tax considerations for sellers of pass-through entities in Just Passing-Through? State Income Tax Issues for Sellers of Passthroughs.

With the presidential election race heading down the final stretch, the candidates are explaining how their tax policies will spur economic growth and reshape America. The Republican candidate, former President Trump, says he will seek to continue several of the tax policies under the Tax Cuts and Jobs Act of 2017 (TCJA), such as maintaining lower tax rates for corporations and individuals. He is proposing to cut the corporate tax rate to 20% (from 21%) and to 15% for companies that make products in the United States. The Democratic candidate, Vice President Kamala Harris, calls for wealthy individuals (i.e., those with annual income over $400,000 (single filers)/$450,000 (joint filers)) and corporations to pay their <em>fair share</em> of taxes by rolling back most of the TCJA and raising the corporate tax rate to 28%. She is also proposing an increase to the long-term capital gains rate to 28% on certain taxpayers. Below is a summary and analysis of each candidate's position on key tax issues. Andersen will update this analysis throughout the election.

Andersen Managing Director Joe Calianno's Comments are featured in the recent Tax Notes article, "Proposed DPL Rules May Have IRS Authority Hiccups."

Andersen Global adds member firms in Asia Pacific as the VDB Loi offices in Cambodia and Vietnam adopt the Andersen brand.

Andersen Global advances its capabilities in Armenia as TK & Partners, a full-service law firm and a collaborating firm since 2020, adopts the brand and is the latest member firm to join the global organization.

Andersen Managing Director Joe Calianno comments are featured in the recent Tax Notes article, Foreign Dividend to CFC Ineligible for Dividend Deduction.

Join Andersen's unclaimed property professionals for an in-depth discussion on the evolving landscape of unclaimed property regulations and trends in certain West Coast states. Unclaimed property serves as a crucial revenue source for states, and staying informed is key to ensuring compliance.