Given our shrinking universe and the speed with which information and communication flow, financing transactions have become an increasingly borderless market. Consequently, principals involved with domestic transactions must take into consideration state and local tax consequences as well as federal statutes.

Chapman and Cutler LLP's Tax Department regularly advises its clients on all types of state tax matters - particularly Illinois, California and New York. We have proposed numerous structuring alternatives to clients that have helped them minimize state and local tax risks and maximize their overall after-tax returns.

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