Overview
The Wall Street Journal quoted Lisa Zarlenga in a recent article, "Big Corporate Mergers Get Fresh Tax Scrutiny in Washington." The article addresses a new bill put forward by Senators Whitehouse (D-RI) and J.D. Vance (R-OH) that would deny tax-free treatment to reorganizations between large corporations, which would subject shareholders to capital-gains taxes at the time of a tax-free reorganization instead of deferring them until they sell the new shares.
Speaking about the new bill Zarlenga said, "This would really sort of impact a core area of the tax law." She continued "this kind of pushes tax to the forefront" in dealmaking decisions, unlike current law, which tries to keep these decisions tax neutral.
You can read the full article in The Wall Street Journal (subscription may be required).
