Steve Creasy an Associate Director in the Accounting & Structuring team at KPMG Transaction Services points out some of the accounting pitfalls relevant to M&A tax structuring
Structuring and financing a transaction whether it is restructuring a group before a disposal or setting up the right acquisition structure involves many factors and accounting implications can have an important impact. This is becoming more of an issue as companies change their basis of accounting to International Financial Reporting Standards (IFRS). It is too simplistic to say that the accounting treatment dictates the tax treatment even though the intention behind much recent legislation has been to align the accounting and tax treatment. Nevertheless it is important to understand the accounting treatment in order to apply tax law correctly.
Whilst a...
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Steve Creasy an Associate Director in the Accounting & Structuring team at KPMG Transaction Services points out some of the accounting pitfalls relevant to M&A tax structuring
Structuring and financing a transaction whether it is restructuring a group before a disposal or setting up the right acquisition structure involves many factors and accounting implications can have an important impact. This is becoming more of an issue as companies change their basis of accounting to International Financial Reporting Standards (IFRS). It is too simplistic to say that the accounting treatment dictates the tax treatment even though the intention behind much recent legislation has been to align the accounting and tax treatment. Nevertheless it is important to understand the accounting treatment in order to apply tax law correctly.
Whilst a...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
