Court case reduces merger costs

October 2000
Accountancy;Oct2000, Vol. 126 Issue 1286, p126
Trade Publication
Reports on the federal appeals court's reversal of a decision that would have raised the cost of mergers in the United States. Case background; Eighth U.S. Circuit Court of Appeals' rejection of the Internal Revenue Service's argument that Davenport Bank & Trust Co. could not deduct salaries paid to executives who worked on its merger with Norwest Corp.


Related Articles

  • Changes in M&A Tax Rules Rocked. Stickel, Amy I. // Mergers & Acquisitions Report;02/01/99, Vol. 12 Issue 5, p1 

    Discusses changes in rules for merger and acquisition (M&A) tax in the United States. M&A trends in 1998; Comments from Robert Willens, a tax authority at Lehman Bros.; Provisions for tax-free reorganizations known as continuity of interest and continuity of business enterprise; Examples of...

  • Creeping Buys Could Catch On. Shearer, Brent // Mergers & Acquisitions Report;01/10/2000, Vol. 13 Issue 2, p11 

    Presents Comcast Corporation's choice of a tax-free acquisition model in its planned purchase of Jones Intercable Inc. View of Bob Willens, a Lehman Brothers company tax attorney; Details of the Comcast deal to buy Jones; Key to the favorable tax treatment.

  • Cash, change and GST. Parker, Richard D.; McMullen, Dianne // CA Magazine;Nov95, Vol. 128 Issue 9, p29 

    Discusses the impact of corporate reorganization on the goods and services tax (GST) based from Canadian practices. Rules on amalgamation of two or more corporations; Transfer of ownership and control to an acquiring corporation.

  • Corporate Tax Incentives for Conglomerate Mergers: Model Development and Empirical Evidence. Shih, Michael S. H. // Contemporary Accounting Research;Spring1994, Vol. 10 Issue 2, p453 

    The occurrence of conglomerate mergers is somewhat of a mystery. This paper presents a model demonstrating a tax motive for these mergers. Specifically, conglomerate mergers are unions between firms with not highly correlated earning prospects--when one merger partner underperforms (earning...

  • Taxation Aspects of Professional Firms: Mergers and other special topics. North, D.H. // Accountancy;Feb1971, Vol. 82 Issue 930, p86 

    This article deals with special problems associated with the taxation aspects of professional firms and mergers of partnerships. A problem arises as to the allocation of post-merger profits between the business merged if an election is made for one of those businesses and not for the other. A...

  • TAX TREATMENT OF MERGER AND ACQUISITION COSTS. Streer, Paul J.; Strobel, Caroline D.; Morris, Edwin B. // CPA Journal;May2002, Vol. 72 Issue 5, p66 

    Presents several cases relating to the tax treatment of merger and acquisition costs in the U.S. Norwest Corp. and Subsidiaries, Successor in Interest to Davenport Bank and Trust Co. and Subsidiaries v. Commissioner; Dana Corp. v. U.S.; Ithaca Industries Inc. v. Commissioner.

  • A Note From the Editor-in-Chief.  // Journal of State Taxation;May/Jun2006, Vol. 24 Issue 4, p3 

    The article discusses various reports published within the issue including one by Maryann Gall and Laura Kulwicki on the holdings in New Mexico, Oklahoma, and New Jersey economic presence cases and another by Carol Kokinis-Graves on the positions of a number of U.S. states.

  • Russian Regional Policy: Conceptions, Problems, Solutions. Leksin, V.; Andreeva, E.; Sitnikov, A.; Shvetsov, A. // Problems of Economic Transition;Feb95, Vol. 37 Issue 10, p64 

    Explores the regional budget tax problems of former Soviet republics. Application of financial mechanisms of regional policy in the formulation of reform programs; Correlation of decentralization to the balance of centrifugal tendencies; Modification of the taxation systems to perform...

  • In pursuit of taxes owed. Roy, Elizabeth // Bond Buyer;12/02/97 Supplement New York, Vol. 322, p14A 

    Reports on the scrutinization of lien-to-value pool of tax liens in New York City while comparing the situation to a boost in the collection of those and other fees through privatization in Buffalo. Comments from Adam Barsky, acting finance commissioner of New York City; What happens to taxes...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics