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Corporate Dealmakers Hit by 15% US Tax Threatening Piece of M&A World

  • New 15% minimum levy means some deals are no longer tax-free
  • Accountants pressure Treasury for lenience in implementation
Bloomberg business news
M&A World Roiled by New Corporate Tax
Updated on

Corporate dealmakers have a new complication to consider starting next year, with the introduction of a minimum tax that’s set to affect a type of divestiture that up to now has gone untaxed.

Some split-offs -- where a publicly listed parent company hives off a unit and stockholders then choose whether to own shares in either the parent or the new company -- are set to be affected by the new 15% corporate “book tax.”