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Tax Issues For Insolvent Groups

Amanda Rowland, Partner in the Corporate Tax Group at Berwin Leighton Paisner, considers some relevant tax issues for groups of companies in severe financial difficulty

 
Amanda Rowland Partner in the Corporate Tax Group at Berwin Leighton Paisner considers some relevant tax issues for groups of companies in severe financial difficulty
 
In recent times it has become increasingly common to see reports of multinational groups in severe financial difficulty whether as a result of general economic downturn a reversal of economic trends over-gearing or in the worst cases accounting or other malpractice within the group eventually coming to light. When a corporate group is in serious financial difficulty some of the group companies may well still be solvent on a stand-alone basis and will continue trading some will...

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