Buyers and sellers of companies usually put a great deal of effort into determining the appropriate purchase price for a transaction by analyzing such factors as earnings multiples, book values and / or growth projections. While both parties might agree on a base price for the deal, an often underappreciated aspect of these negotiations is the effect that post-closing purchase price adjustments may have on the overall amount the buyer must pay for the company.

Cleaning up after the Storm: Evaluating Tax Treatment Information.

The Conundrum of Tax Ownership - One Size Does Not Fit All.

There has been a clear shift in the traditional investment appraisal and due diligence techniques in the world of mergers and acquisitions (M&A) in recent years. Returns are becoming increasingly driven by operational improvement rather than financial engineering. As a result, tax efficient supply chain planning (TESCP) is playing an increasingly significant role in M&A transactions, especially where the benefits are realised within a short time frame.

Expecting a Step-Up on Your S Corporation Acquisition? Structure Carefully!

Have You Assessed Your USTB/PE Position Lately? Now Is the Time for a Check-up.

Real Property Transfer Taxes: Look Before You Leap

Hedge the Risk, Don't Risk the Hedge.

In October 2010, we made reference to Section 989G(b) of the Dodd-Frank Act. This section required the SEC to conduct a study to determine how the commission could reduce the burden of complying with Section 404(b) of the Sarbanes-Oxley Act for companies whose market capitalization is between $75 million and $250 million, while maintaining investor protections for such companies.

In the typical corporate or private equity transaction, both the buyer and seller incur significant service provider costs, often in the millions or tens of millions of dollars, in connection with the closing of a transaction.

In today's complex business environment, it is increasingly difficult for individuals to maintain the proper records and navigate the confusing maze of corporate transactions in order to correctly calculate their cost basis in a stock and subsequently the resulting tax liability.

The actor Gregory Peck said, “Tough times don’t last, tough people do, remember?” Although this quote is generally directed towards individuals, it is equally applicable to states that are attempting to “get tough” to make it through these difficult economic times.

The UK real estate investment trust (REIT) regime was introduced on 1 January 2007 in response to lobbying by the UK real estate industry for a tax transparent vehicle for collective investment comparable to those found in other major jurisdictions. Despite the tax benefits afforded by the regime for groups that meet the qualifying criteria and opt in, uptake has been relatively low – with only 23 UK REITs currently in existence.