BAKER & MCKENZIE, LLP for A&W RESTAURANTS, INC.
No amount is shown when the filer reports less than $5,000 for the period, which the form does not ask them to state.
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
Advocate 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. Advocate for 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 United States and avoid additional taxes under the current rules for Personal Holding Companies ("PHC"). However, the foreign shareholding entity is committed to reinvest all U.S.-based profits in A&W's American operations to create jobs and grow the A&W brand. Thus, the foreign entity and U.S.-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 |
|---|---|
| JOSHUA DAVID ODINTZ | Former Tax Counsel - Senate Finance Committee |
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.