Banks are among the winners in the final version of long-anticipated new rules announced by the Treasury Department Thursday meant to prevent businesses from shifting profits out of the U.S. and crack ...
Our Federal Tax Group finds the sweet spot for corporate inversions. If a U.S. corporation’s shareholders obtain between 50% and 60% of the stock, the exchange could be taxable If a U.S. corporation’s ...
The White House said Wednesday that the Treasury Department’s new rules aimed at curbing corporate inversions were not specifically targeted at the prospective Pfizer and Allergen merger that the ...
For many businesses considering inversions, the new Treasury rules made the cost of external financing much cheaper than intracompany loans, Willens explained. “The after-tax interst cost of an ...
Pharmaceutical giants Pfizer and Allergan were forced to abandon their $160 billion merger in April following the US Treasury’s clampdown on tax inversion deals. This would have been the largest ...