Search results
Results from the WOW.Com Content Network
A capital gains tax could be owed if an outright merger took place, but no such tax consequence would arise with a DLC deal. Differences in tax regimes may also favour a DLC structure, because cross-border dividend payments are minimized. In addition, there may be favourable tax consequences for the companies themselves.
In January 1984, Sweden introduced a 0.5% tax on the purchase or sale of an equity security. Hence a round trip (purchase and sale) transaction resulted in a 1% tax. In July 1986, the rate was doubled, and in January 1989, a considerably lower tax of 0.002% on fixed-income securities was introduced for a security with a maturity of 90 days or less.
Fund holding requirements: To qualify for a tax-deferred exchange, an exchange fund needs to hold at least 20% in qualifying illiquid assets like real estate or commodities at each closing. Liquidity: As per the current IRS code, investors are able to redeem a diversified portfolio without triggering taxable gains after a seven-year holding period.
The fourth plank of the plan called for the repeal of the state's sales tax and imposition of "a tax on stock transfers at the rate of 4 cents per share." [ 5 ] The STET was a major plank of the 2008 platform of American presidential candidate Ralph Nader , [ 6 ] and that same year was proposed by Oregon Congressman Peter DeFazio as a means to ...
The asset swap buyer enters into a swap to pay fixed coupons to the asset swap seller equal to the fixed rate coupons received from the bond. In return the asset swap buyer receives regular payments of Libor plus (or minus) an agreed fixed spread. The maturity of this swap is the same as the maturity of the asset.
Here are some factors that help constitute a device: 1) a pro rate distribution of the shares of the corporation; 2) a subsequent sale or exchange of stock of either corporation's stock; and 3) the nature and use of the assets of the distributing and controlled corporations immediately after the transaction.
You must pay at least 90% of your tax liability for the current year or 100% of your tax liability from the previous year — whichever amount is smaller — before tax day to avoid the ...
In 2004, foreign-controlled corporations accounted for 21.9% of assets held in Canada, and 30.0% of operating revenues yet comprised less than 1% (approx. 8,000) of the total 1.3 million corporations in Canada. Assets of foreign-controlled corporations rose 8.3% to $1.1 trillion in 2004, while those of Canadian-controlled corporations rose 8.9% ...