The Inflation Reduction Act that the Senate passed on August 7, 2022, is expected to have a significant impact on U.S. climate, tax and health care policy. In this alert, we provide an outline of the Act’s major provisions, which are designed to spur clean energy, implement a 15% minimum tax on corporations and lower prescription drug prices.

This quarterly edition includes, among other critical issues and developments, an update on ESG-related litigation and regulatory action, uncertainty surrounding the shareholder proposal no-action process and a video discussion on the SEC's new Crypto Assets and Cyber Unit.

In this episode of Skadden’s “GILTI Conscience” podcast, hosts Nate Carden, David Farhat and Stefane Victor discuss taxation issues for digital assets such as bitcoin and stable coins with Roger Brown, the Global Head of Tax Strategy at the blockchain data platform Chainalysis.