REPUBLIC CONSULTING, LLC for A&W RESTAURANTS, INC.
What was lobbied
One issue area, each in the filer's own words, with who lobbied on it and where.
Taxation/Internal Revenue Code TAX
Advocated for technical correction to the Personal Holding Company statutes to assure a level playing field for small businesses that have active income classified as passive due to corporate structure. Advocated the passage of the ROOT Act to apply Subpart F standards for determining active versus passive income.
Foreign entity interest: Currently, the foreign entity could repatriate all profits earned in the USA and avoid additional taxes under the current rules for Personal Holding Companies (PHC). However, the foreign shareholding entity is committed to reinvest all USA-based profits in A&W's American operations to create jobs and grow the A&W brand. Thus, the foreign entity and US-based shareholders seek parity with other PHC's under current law so A&W can compete on a level playing field with other franchise restaurant businesses.
| Lobbyist | Covered position, as disclosed |
|---|---|
| GEOFF DAVIS | Former Member of Congress |
Shown as published by the Senate Office of Public Records and the House Clerk under the Lobbying Disclosure Act. The official filing is the record; open it for the full form.