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Tax Aspects of Corporate Division
book

Tax Aspects of Corporate Division

by Professor W. Eugene Seago
February 2021
Intermediate to advanced content levelIntermediate to advanced
156 pages
3h 37m
English
Business Expert Press
Content preview from Tax Aspects of Corporate Division

CHAPTER 1

Corporate Division: Uses and Abuses

Introduction

This book is about the tax consequence of dividing a corporation into two or more corporate entities. The division usually takes the form of a spin-off, split-off, or a split-up.

In a spin-off, a corporation distributes to its shareholders a controlling in the stock of a subsidiary. In another form of a spin-off, a corporation may transfer some of its assets to a newly formed corporation in exchange for all of the corporation’s stock, which the parent corporation distributes to its shareholders. For the shareholder, the spin-off is equivalent to a dividend in the form of stock in another corporation, and for the distributing corporation, the spin-off is economically equivalent to paying ...

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Publisher Resources

ISBN: 9781953349415