SEC Issues No-Action Letter Clarifying Position w/r/t Registration Requirements of Special Purpose Vehicles and Affiliated Investment Advisers

On January 18, 2012, the Division of Investment Management (Staff) of the Securities and Exchange Commission (SEC) issued a no-action letter reaffirming its position that certain special purpose vehicles (SPVs) created by a registered investment adviser are not required to separately register as an investment adviser (No-Action Letter). ‘via Blog this’

Michigan Enacts Legislation Clarifying Treatment of Disregarded Entities for Michigan Business Tax Purposes

State Tax Matters: Multistate Tax Alerts: Recently enacted legislation clarifies the manner in which a federally disregarded entity is treated for Michigan Business Tax (MBT) purposes. This clarification, which is retroactive to January 1, 2008, provides that a “person” that is a disregarded entity for federal income tax purposes under the Internal Revenue Code shall […]

“Multistate Tax Alerts: Michigan Enacts Changes to Corporate Income Tax

State Tax Matters: On December 27, 2011, Michigan Governor Snyder signed a series of bills amending the Corporate Income Tax (CIT) effective January 1, 2012. The enacted provisions clarify the treatment of a disregarded entity and change the manner in which ownership in a unitary partnership or limited liability company (LLC) affects a taxpayer’s apportionment […]


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