MARCH 27, 2020
As the tide of disruption caused by COVID-19 continues to rise, it remains too early for outlooks that aren’t dated by the time they’re issued.
Meanwhile, many of us have seen our inboxes flooded with COVID-19-related information, news, and alerts that can make it difficult to sift through the noise and focus on sound data and advice.
As a way to help you concisely gather trusted advice and resources in a simple way, this month’s Tax & Regulatory Briefing, focuses on recent tax and regulatory issues as well as live and active resources to help you, your organization, and your stakeholders safely navigate uncharted waters.
Want to include your updates for the next briefing? Let us know.
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COVID-19, CFIUS and the Defense Production Act
Stroock: “Although the administration has yet to invoke the DPA [as of March 27], commercial contractors in the health care sector, as well as in other industries with capabilities relevant to the COVID-19 pandemic, should assess the requirements of the DPA, and how to address potential DPA compliance issues.” READ MORE.
Initial US Federal and State Tax Relief Developments Relating to COVID-19
Mayer Brown: “We anticipate that various strategies to stabilize the markets and provide further relief to businesses and individuals will be proposed over the short-term and that some of this relief may be effected through Internal Revenue Service (the “IRS”) guidance and through tax legislation.” READ MORE.
Disinfecting for COVID-19: The Role of the US Environmental Protection Agency
Arnold & Porter: “Businesses must be aware that [cleaning agents and materials claiming to disinfect SARS-CoV-2] are regulated by the US Environmental Protection Agency (EPA) and many state agencies, and making these claims without proper EPA approval could result in an enforcement action. ” READ MORE.
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