North America Tax News and Developments - January 2020

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We are pleased to enclose the January issue of Tax News and Developments, a publication of Baker McKenzie's North America Tax Practice Group.  This month's edition features updates on phase outs and rate changes under the TCJA, PLRs related to Spin-Off transactions, Country-by-Country statistics, and more!

In this Issue:

• Don't Mess With the DA
• Bet You Didn't See That One Coming: IRS Issues Two PLRs Dealing With Section 368(a)(1)(D) Spin-Off Transactions
• IRS Releases Second Country-by-Country Report Statistics
• The Next Frontier: New Legislative Proposals on Digital Services and Data Sharing in Maryland, Nebraska and New York
• SEC Cautions Investors and Sponsors About Unregistered Initial Exchange Offerings