Tax Notes Talk: What’s a U.S. Trade or Business? Analyzing YA Global

Cleary Gottlieb partner William McRae was featured on the Tax Notes Talk podcast.

The episode entitled, “What’s a U.S. Trade or Business? Analyzing YA Global,” discusses the U.S. Tax Court’s decision in YA Global Investments v. Commissioner and what it means for the private equity sector.

Listen to the episode here.