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PwC’s Washington National Tax Services on October 16 hosted the live webcast “Tax Readiness: Recession or not, how troubled businesses will be affected by the Section 382 proposed regulations”, featuring PwC Tax and Deals specialists. They discussed economic risk factors for US companies, and the tax impact that the proposed regulations under Section 382(h) (the Proposed Regulations), released by Treasury on September 9, may have on troubled businesses. In addition, the panelists addressed common M&A strategies in the context of distressed companies.