May 28, 2020 - The U.S. Treasury Department has issued regulations for debt-equity recharacterization under section 385 of the Internal Revenue Code (the Final Regulations) that finalize without substantive change proposed regulations promulgated in October 2016 (the 2016 Proposed Regulations). Section 385...
Davies Tax Team Wins an ITR Americas Tax Award
Davies’ leadership in the area of tax law has been recognized by International Tax Review with the 2017 award for Americas Real Estate Tax Deal of the Year. This award recognizes our innovative tax work representing Ivanhoé Cambridge in its joint effort with Hines to develop Bay Park Centre, an integrated multi-tower office complex/public transit hub development straddling both sides of Toronto’s Union Station rail corridor. Davies shares this recognition with four other firms.
ITR’s annual Americas Tax Awards were presented on September 14, 2017, at the Pierre Hotel in New York City. Based on size, innovation, complexity and impact, the awards recognize transactions, planning or cases by North and South American firms and in-house teams that break new ground, set market precedents and have a cross-border element.
May 27, 2020 - As part of the federal government’s response to the COVID-19 pandemic, the Department of Finance recently published a draft legislative proposal, the Time Limits and Other Periods Act (COVID-19) (Proposal), that, if implemented, would provide for an automatic six-month suspension of...