Debevoise tax partner Rafael Kariyev spoke with Buyouts about the potential impact of the House and Senate tax reform proposals.
The article reports, “[B]ecause the Senate calculates taxable earnings using EBIT, businesses that rely on depreciation or amortization deductions — such as oil-and-gas companies — could feel squeezed, said Rafael Kariyev of Debevoise & Plimpton.” Mr. Kariyev noted, “The fight’s going to be around whether you have add-backs around depreciation and amortization.”
Tax Plans Would Knock Some Portfolio Companies — Especially When They’re Down
By David M. Toll and Sam Sutton
November 16, 2017