NYAIR Episode 54 –Post-Election Tax Considerations – 2020 & Beyond

ByBritt Tunick

As 2020 FINALLY draws to a close, it is time to think about taxes and the various implications recent events could mean for the alternative investment industry.

A broad look at the tax atmosphere on asset management, including its impact on charitable organizations. Scott Harty, a partner in Alston & Bird’s Federal & International Tax Group, and Jonathan Traub, a managing principal in Deloitte’s Tax Policy Group, discuss the changing tax landscape and what investors should be thinking about.

Topics covered in this discussion include:

  • The latest changes to tax laws and their implications for the asset management industry
  • How the new administration will impact the alternative investment industry
  • COVID-19 related tax changes to be aware of

The webinar is moderated by Kunjan Mehta, vice president of the New York Alternative Investment Roundtable and a partner at Grant Thornton.

The discussion kicks off with a short presentation from Martin Whittaker, the founder and CEO of Just Capital, and Dr. Lou DeGennaro, CEO of the Leukemia & Lymphoma Society.

Panelists:

Scott Harty is a partner in Alston & Bird’s Federal & International Tax Group, where he focuses on complex domestic and cross-border commercial transactions, including taxable and tax-free mergers and acquisitions, joint ventures and corporate restructurings. He has broad industry experience and works with publicly traded companies, private equity funds, closely held businesses, and large tax-exempt entities in structuring and negotiating M&A and other strategic transactions. He also represents clients in domestic and international tax controversy matters, including administrative audits and appeals before the Internal Revenue Service, as well as negotiation and settlement of taxes and civil penalties. He has been recognized by Chambers USA and Best Lawyers in America as one of the leading tax lawyers in Georgia.

Jonathan Traub is a managing principal of the Tax Policy group in Deloitte’s Washington National Tax office, where he provides the firm’s clients with critical insights on developments in tax policy and politics, helping them plan for anticipated legislation and the potential impacts on their businesses. Prior to joining Deloitte he was the staff director for the Committee on Ways and Means of the US House of Representatives. During his tenure as staff director for the Committee on Ways and Means he was responsible for developing legislative policies and strategy on issues in the committee’s jurisdiction, including taxes, health care and trade. Jonathan is a frequent speaker at events sponsored by the Tax Executives Institute, Tax Council Policy Institute and other tax-focused organizations. And he is a board member of The Tax Council. His insights on tax policy frequently appear in The Wall Street Journal, Business Insider, Politico, and Washington Post articles.