PKF newsletter

Coronavirus Special: CARES Act, home offices, legal and accounting issues as well as eurobonds

The USA ushered in the “Coronavirus Aid, Relief and Economic Security Act“ (CARES Act) on 27.3.2020. The aid package comprises a volume of approx. two trillion dollars (in the meanwhile, a further USD 500 bn has been added) and is intended to mitigate the economic consequences of the coronavirus crisis. In the following section you will find an overview of the general tax changes and the specific relief available to employers as laid down in the CARES Act.