For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
July 20 — Yahoo! Inc. isn't wedded to the idea of a spinoff of its Alibaba Group Holding Ltd. shares if it can't get the blessing from the IRS to do the deal tax-free, according to a Securities and Exchange Commission filing.
The spinoff, which would otherwise incur a federal tax bill of about 35 percent, is contingent upon a “private letter ruling from the IRS regarding certain U.S. federal income tax aspects of the Spin-Off, which ruling shall remain in full force and effect, and shall not have been modified or amended in any respect adversely affecting the U.S. federal income tax treatment of the Spin-Off,” wholly-owned Yahoo subsidiary Aabaco Holdings Inc. said in a July 17 Form N-2.
Yahoo is easing off the gas on a complex spinoff that would put shares of Alibaba, China's largest e-commerce company, in a new company that will also own an online service that operates small enterprises. The Internal Revenue Service said in May that it is considering issuing guidance about the tax treatment of these types of spinoffs under tax code Section 355 (97 DTR G-11, 5/20/15).
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)