Uncertainty over the Biden administration’s federal tax policy, plus continued demand in structuring corporate deals, has led to a flurry of tax partners moves at large law firms. Just this month, firms such as Kirkland & Ellis, Mayer Brown and Gibson, Dunn & Crutcher have all added tax partners.
The Biden administration is planning sweeping changes to the country’s tax regime to offset some $4 billion in spending proposals, while also threatening greater enforcement of existing tax laws. But the situation remains fluid, with tension in Congress over the proposed moves.
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