Spin-off tax status reappraised

Article Abstract:

The IRS sets specific requirements covering tax administration procedures for companies that spin off subsidiaries or operations. Such a spin-off and severance payments that are categorized as golden parachute payments will be subject to taxation if an acquisition is made within two years of the spin-off. Analysts suggest caution over large stock transfer movements because the IRS can make private letter rulings public without identification.

Finance, taxation, & monetary policy, Internal Revenue Service, Taxation, Laws, regulations and rules, Corporate reorganizations, Corporate divestiture, Divestiture, United States. Internal Revenue Service

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Tax backlash in Russia

Article Abstract:

A number of foreign investors are concerned over the move of the Russian government in cracking down on tax delinquencies, much of which seems to be targeted at foreign firms. This has prompted several US business associations, including the American Chamber of Commerce, to complain against Russia discriminatory tax system. Russia is cracking down on delinquent tax payers to prop up its coffers.

Tax Administration, Tax administration and procedure, Tax policy

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Frozen funds in the frozen tundra

Article Abstract:

The economy in Russia is becoming more functional following the debt crisis, but corporations are still battling to collect on debt, due to the freezing of all deposits of the multinationals' domestic debtors by Russian banks.

Russia, Management, Economic aspects, Brief Article, Collection (Accounting)

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