Photo of Gerald V. Thomas II

As chair of McGuireWoods’ Tax & Employee Benefits Department, Gerald focuses his practice on complex transactional tax matters. He offers significant experience with mergers and acquisitions, restructurings and reorganizations, private equity funds, joint ventures, real estate investment trusts (REITs), financing transactions, and corporate and partnership tax planning.

The U.S. Treasury Department and the Internal Revenue Service (IRS) recently issued proposed regulations providing guidance to taxpayers on the tax consequences of modifying financial instruments and contracts in advance of the upcoming phase-out of the London Interbank Offered Rate (LIBOR) and other interbank rates (collectively, IBORs).
Continue Reading Treasury Proposes Guidance to Minimize Tax Consequences of LIBOR Phase-Out