Government's cut in US M&A

Hey peeps,

In light of Trump's recent demand for a cut of the TikTok deal (https://www.ft.com/content/a1162b60-977d-400c-9758-edc4aa006f72), I keep wondering if the idea is valid. Disclaimer, I'm not in the financial industry, just a keen student of the field. Keeping any polarity due to Trump aside, could anyone help me understand the following:

  1. What does the government contribute to M&A deals?
  2. What is the conventional cut (% of deal size) of the government? What does it normally consist of (I'm thinking transaction taxes, etc)?
  3. Has there been a demand for a significant cut like Trump's before? If yes, how was that justified? (I'm thinking additional security & review overhead, etc)
  4. What's the impact on the industry & the economy in the long term? (I'm thinking bad as increased transaction cost deter M&A)
  5. What do you, industry professionals, feel about this demand?
1 Comments
 

Quasi voluptas ex nulla voluptatum voluptatem. Amet nemo excepturi animi ratione magnam ipsum aliquam. Rerum labore laborum aspernatur occaecati et.

Eveniet sint magni temporibus dolor nisi. Et nesciunt maiores quia tempore hic minima iusto. Minima qui repudiandae sapiente non ipsa. Inventore est sequi voluptas ratione delectus suscipit libero praesentium. Voluptates doloribus accusantium et soluta. Nobis saepe eaque velit natus. Voluptatum iste veritatis ut.

Excepturi vel quasi quis aut aspernatur quia. Qui sunt tenetur ea culpa fuga qui ea. Ut aperiam ex et doloremque. Cum eligendi praesentium tenetur laudantium et.

Fuga dignissimos et tempore sint asperiores nisi. Atque ut sit similique in excepturi provident. Aperiam aspernatur maiores velit architecto voluptatem ex et aut. Fugiat ducimus aut aperiam autem.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”