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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | October 27, 2016
The Internal Revenue Service (IRS) has announced 2017 cost-of-living adjustments to dollar limits under qualified retirement plans. Many of these limits will increase for 2017, although some limitations will remain unchanged. The Social Security Administration has announced that there will be an increase in the Social Security taxable wage base for 2017, from $118,500 to $127,200. The following is a chart showing the commonly used 2016 and 2017 year limits. For more information, read the IRS Announcement.
Both today and earlier this year, the IRS announced cost-of-living adjustments to welfare, fringe benefit and other benefit plans. For more information, read Rev. Proc. 2016-28 and Rev. Proc. 2016-55. These limits are also noted in the chart below:
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Our client alerts are for general informational purposes and should not be regarded as legal advice. If you would like additional information or have any questions, please contact the authors.
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It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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