Not exact matches
When considering a business sale, a
company owner typically faces a daunting intersection of several planning issues related to
deal structure decisions, legal and regulatory considerations, income -
tax minimization planning, wealth transfer, philanthropic strategies and capital - sufficiency analysis.
When the
company announced the
tax cut bonus in January, it told the union that the pay would not be distributed until a
deal was signed.
Leder didn't reveal the multiple fetched by her
company, writing only: «While I negotiated mightily for the keys to the Gulfstream, the corporate apartment in Paris, the
company yacht, the lifetime consulting contract and, of course, a
tax gross up — all crazy perks we've written about in various M&A
deals — I came up empty handed.»
Fastfood chain McDonald's (mcd) and French energy
company Engie are next in the EU crosshairs over their Luxembourg
tax deals.
EU regulators are expected to order Amazon on Wednesday to pay Luxembourg millions of euros in back
taxes, a person familiar with the matter said, the latest global
company to be hit by an EU crackdown on unfair
tax deals.
Thanks to
tax cuts,
companies have access to more cash they can spend on
deals.
Returns were lousy, the early - stage
companies the funds invested in constantly needed more money, and Ontario had already decided to cancel its
tax credit in 2010, which became a
deal - breaker for many investors.
Although it has been reported by those close to the Burger King
deal that its relocation to Canada is not primarily motivated for
tax reasons, the move would empower the
company to repatriate profits on its overseas business at a lower rate.
But these
deals, called
tax - equity
deals, are relatively expensive to structure and only a small number of
companies appear interested.
Inversion is a process whereby a bigger organization targets and acquires a smaller firm that's located in a more corporate
tax - friendly country, with the
deal structured so that the smaller
company becomes the controlling partner of the larger firm.
These
deals are set up in a way so that the investing
company reaps the renewable energy
tax credits generated by the projects.
Multinational
companies can expect the European Commission to press on with a crack down on sweetheart
tax deals after handing Apple a breathtaking demand for 13 billion euros, officials and experts said on Wednesday.
Cook's remarks, made on CBS's 60 Minutes, come amid a debate in the U.S. over corporations avoiding
taxes through techniques such as so - called inversion
deals, where a
company re-domiciles its
tax base to another country.
Many of the recent Big Pharma
deals and acquisition proposals have been motivated by the
companies» desire to lower their
tax rate by acquiring a foreign rival and moving their headquarters overseas in a process known as an inversion.
The Obama administration has been gunning for so called «inversions», in which a U.S.
company buys a smaller foreign
company and then locates the merged
company outside the U.S. for
tax purposes, for over a year, but that hasn't stopped the flow of
deals.
Pfizer may face regulatory hurdles with its proposed merger, amid news on Wednesday that the Treasury Department is looking to stem the tide of
companies exiting the U.S. through
tax inversions, which is one of Pfizer's motivations for doing a
deal with Dublin - based Allergan.
Investors shifted their focus to whether Pfizer would split after the
company terminated a $ 160 billion
deal to acquire Irish drugmaker Allergan Plc in April due to new U.S.
tax inversion rules.
ETE said it provided written notice terminating the
deal due to failure of conditions under the merger agreement, including
company counsel Latham's inability to deliver the required
tax opinion.
The corporate headquarters of the new global
company will be in Canada but, despite much speculation about the possible
tax benefits of such a
deal, Behring said
taxes weren't a motivating force for the move.
The European Commission is taking legal action against Ireland and Luxembourg for allegedly giving sweetheart
tax deals to
companies like iPhone maker Apple and burger chain McDonalds that allowed them to shift profits from other EU nations.
In November, Starboard Value pressed Yahoo and Mayer to reverse the
company's plan to spin off its large stake in Alibaba, worth north of $ 25 billion, amid
tax concerns about the
deal.
Meanwhile, to keep the reforms deficit - neutral, meaning that they would pay for themselves, Obama's
deal includes a
tax on profits that U.S.
companies hold overseas.
If, in our hypothetical example, the
tax man agrees with your
company's judgment about the spin - off's
tax - free status, you will be guaranteed that treatment once the
deal happens — with one important caveat.
The
deal values the combined
company at $ 160 billion (including debt), and, as expected, is structured in such a way as to reduce Pfizer's
tax bill by moving its domicile out of the U.S. to Ireland.
And in a major blow to Minnesota's business reputation, medical device manufacturer Medtronic, an iconic Minnesota
company that was founded in a Minneapolis garage 65 years ago, is moving its headquarters to Ireland in a so - called «
tax inversion»
deal.
Sanofi CFO Jérôme Contamine said the
company would benefit from «the new
tax environment in the U.S.» as part of the Bioverativ
deal in an analyst call Monday.
That
deal raised hackles because it relocated the merged
companies headquarters to Canada, a move critics said was aimed at avoiding
taxes.
Not willing to call Twitter's bluff, the city offered a
deal to the
company, which now works out of space in the gritty but fashionable South of Market district where many Internet start - ups begin: move to a building in the even more gritty and decidedly less fashionable mid-Market neighborhood — on a section of Market Street that is marred by drug
dealing, homeless encampments and shuttered storefronts — and get a payroll
tax exemption.
A
deal, which could be reached as soon as this week, would mean the iconically American
company would be headquartered in Canada, and benefit from the country's lower corporate
tax rate, 15 percent, compared to the on - paper 35 percent rate in the U.S.
Other topics likely to come up include Berkshire's decision to team up with Amazon and JPMorgan Chase to form a new
company to lower health care costs; Berkshire's growing pile of cash and the environment for
deal making; and the
tax cuts passed late last year, which provided Berkshire with a hefty windfall.
In addition, Canadian
companies are
dealing with heightened levels of uncertainty related to U.S.
tax and trade policies.
Ironically, among the list of these so - called «
tax inversion»
deals complied by the Washington Post is Tim Hortons — it was technically repatriated to Canada from the U.S. when former owner Wendy's spun it out into a public
company in 2006.
A central plank in the report
deals with the Income
Tax Act, which allows
companies to deduct the cost of advertising on all Internet sites.
Tax cuts and economic growth are spurring a spending spree by U.S.
companies on
deal making as well as share buybacks.
With the
deal, the Seattle - based
company is on track to collect sales
taxes in 12 states, which make up about 40 % of the U.S. population, by 2016.
Harbor might work, for example, with a
company that owns and operates commercial properties and that regularly issues real estate securities like bonds or stock in a building, but which also needs to
deal with complex legal stuff, like
tax withholdings and minimum investor requirements.
Companies doing business in Canada face a number of challenges as they
deal with customs documentation and adapt their operations for sales
tax accounting, procurement procedures and even packaging and labeling.
Over the last two years or so, though, the EC has been looking at special
tax deals member countries have been giving to
companies; where it finds that a country has provided special
tax treatment to one particular
company (and not granted similar
tax treatment to other
companies), it has held that the country provided «state aid» to that
company.
The big increase in the in the last six months of 2012 was because of
tax changes, with entrepreneurs and
companies trying to close
deals before New Year's to take advantage of capital gains treatment, John Guzzo, managing director of Berkery Noyes, said.
«If they are the only
company taking a one - time
tax write off that would be disconcerting but the fact that nearly everyone is doing it implies it is not a big
deal,» said Adam Sarhan, chief executive of 50 Park investments, an investment advisory service.
Employees of the Danish customer service firm Zendesk fan out into the poverty - stricken Tenderloin neighborhood to help in area schools and work in food kitchens, though it's part of a
deal with the city that earns the
company a break in payroll
taxes.
Home - Stake Production
Company of Tulsa lured these well - heeled speculators into a
deal crammed with
tax benefits.
Without getting into a great
deal of song and dance about a side topic, I'll just say that I believe our GDP growth would explode as
companies rushed to establish operational headquarters in the US, and the changes in the individual income
tax codes would have a chilling effect on both the Wall Street money churners (people would be rewarded for going long with their investments instead of shuffling money around to chase pennies) and the out - of - control executive compensation at the expense of the long - term health of the
company.
For peoples subject to, or allied with, the Roman state, this change in the form of government did not make a great
deal of difference, except that in the early years of the empire the power struggles which accompanied the decline of the republic seemed to have come to an end, and
tax - collection by private
companies, often accompanied by extortion, was replaced by
tax - collection by civil servants.
The five written complaints made by the CIOT to the EU Commission are as follows: · Attribution of gains — that the capital gains
tax provisions
dealing with assets held through non UK - resident closely controlled
companies remain contrary to EU fundamental principles of freedom of establishment and free movement of capital.
The public accounts committee (PAC) substantiated claims from UK Uncut, which campaigns against corporate
tax avoidance, and suggested there are # 25 billion of outstanding
tax issues with big
companies which Her Majesty's Revenue and Customs (HMRC) has failed to
deal with.
In December, the House of Commons Work and Pensions Committee supported LITRG's call for an independent review of
tax credit compliance processes following significant delays and difficulties faced by
tax credit claimants trying to
deal with Concentrix, the private
company hired by HMRC to carry out
tax credit checks on their behalf.
In late November, Donald Trump negotiated his
deal with the Indiana - based
company Carrier to keep 1,000 jobs in the U.S in exchange for
tax incentives.
Over the last few weeks we have heard a good
deal about the tiny amounts of corporation
tax being paid in the UK by
companies like Starbucks, Amazon and Google.
Tompkins County claims it is the first county in New York State to reach a
deal with home rental
company Airbnb to pay the local hotel room occupancy
tax.