Tax reform stands as a top priority for the White House and the Republicans in Congress. Although differences exist, some fundamental similarities appear to be on track if reform moves forward. If the parties can agree, taxpayers can expect major changes in terms of individual, business, and international taxation.
For our clients and friends doing business in Italy, attached is a great article from our Italian colleagues Fabio Marelli and Guido Fauda of Nctm Studio Legale about suppliers’ claims entitled to super-priority status in a “concordato preventivo” which is a restructuring under Italian law. Good news for suppliers doing business in Italy.