New U.S. tax rules alter competitive landscape – Canadian Property Management

Paul Seraganian

Jan 23, 2018

The sweeping changes from the recently adopted U.S. Tax Cuts and Jobs Act (TCJA) “reshape the competitive landscape,” according to Paul Seraganian, Managing Partner of Osler’s New York Office. An article in Canadian Property Management by Barbara Carss discusses the impact of U.S. tax reform and references a presentation by Paul and Jennifer Lee, a partner in Osler’s Taxation Group. Paul and Jennifer’s presentation, “U.S. tax reform for Canadians: The Tax Cuts and Jobs Act of 2017,” outlines the implications of the overhaul to the U.S. taxation system for Canadian businesses. Paul tells Canadian Property Management that the new tax rules are far-reaching.

“I think it is fair to characterize this reset as the biggest transformation in the last 30 years,” Paul tells Canadian Property Management. “We’re learning these rules alongside everybody. Because this was rushed through, there is still a lot to do.”

Paul also says that there will be a ripple effect relating to follow-up regulations.

“There will be a series of aftershocks over the next few years as the regulations come out,” Paul tells Canadian Property Management.   

Paul also predicts that partnerships may become a preferred option, ahead of incorporation, moving forward.

“I think we are going to see partnerships take a greater role in the cross-border M&A scene,” Paul tells Canadian Property Management.

The article also quotes a recent Osler Update written by Paul, Jennifer, Ramin Wright, Julie Geng and Kevin Colan, for information on how the new tax regime could boost the equity value U.S.-based companies.  

For more information, read Barbara Carss’s article “New U.S. tax rules alter competitive landscape” in Canadian Property Management