The amount of such tax liabilities will depend upon several factors, including tax rates in effect at the time of closing as well as the value of the company to be spun off. (businesswire.com)
However, doubts remain about the legal basis for such a tax. (politics.co.uk)
Therefore, when estate taxes are a potential concern, a life insurance policy may be put in place for the purpose of paying such taxes. (insurancescored.com)