Debt Taxes And Corporate Restructuring

Author : John B. Shoven,Joel Waldfogel
Publisher : Brookings Institution Press
Page : 228 pages
File Size : 53,8 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 0815714262

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Debt, Taxes and Corporate Restructuring by John B. Shoven,Joel Waldfogel Pdf

The boom in corporate restructuring, accompanied by large increases in debt finance, was one of the most important developments in the U.S. economy in the 1980s. Financial and tax specialists analyze how the U.S. tax system-especially in its bias toward debt financing-has affected corporate financial decisions and influenced the recent wave of corporate restructuring. The authors evaluate the hypothesis that the rise in the cost of capital during the 1980s helped stimulate the surge in corporate takeovers. They analyze the effect that changes in tax laws and in the volume of government debt have had on corporate financial decisions. The authors examine how recent financial innovations have blurred the distinction between debt and equity finance.

Author : Anonim
Publisher : Unknown
Page : 168 pages
File Size : 42,8 Mb
Release : 1996
Category : Consolidation and merger of corporations
ISBN : OCLC:897087148

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Corporate Restructuring by Anonim Pdf

Author : David Vance
Publisher : Springer Science & Business Media
Page : 293 pages
File Size : 55,5 Mb
Release : 2009-10-03
Category : Business & Economics
ISBN : 9783642017865

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Corporate Restructuring by David Vance Pdf

Corporate Restructuring is a practical approach to rescuing troubled companies and driving underperforming companies to top performance. It combines proven restructuring strategies with rigorous theoretical analysis. This book explains how to set and achieve asset, staffing, sales and profit goals. Topics include diagnostic tools to identify the root cause of problems, the human dynamics that cause a company to thrive or wither, customer service and relationship marketing, customer intelligence systems, new product development, process mapping, continuous process improvement and re-engineering as well as integrating IT into corporate strategy. It is also discussed how to find the resources needed to keep a company alive during restructuring and how to use bankruptcy offensively and defensively. Corporate Restructuring emphasizes execution. All the restructuring theories in the world weigh less than a simple plan, well executed.

Author : John R. Graham
Publisher : Now Publishers Inc
Page : 136 pages
File Size : 53,8 Mb
Release : 2006
Category : Business & Economics
ISBN : 9781933019413

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A Review of Taxes and Corporate Finance by John R. Graham Pdf

A Review of Taxes and Corporate Finance investigates the consequences of taxation on corporate finance focusing on how taxes affect corporate policies and firm value. A common theme is that tax rules affect corporate incentives and decisions. A second emphasis is on research that describes how taxes affect costs and benefits. A Review of Taxes and Corporate Finance explores the multiple avenues for taxes to affect corporate decisions including capital structure decisions, organizational form and restructurings, payout policy, compensation policy, risk management, and the use of tax shelters. The author provides a theoretical framework, empirical predictions, and empirical evidence for each of these areas. Each section concludes with a discussion of unanswered questions and possible avenues for future research. A Review of Taxes and Corporate Finance is valuable reading for researchers and professionals in corporate finance, corporate governance, public finance and tax policy.

Author : Stuart C. Gilson
Publisher : John Wiley & Sons
Page : 852 pages
File Size : 54,6 Mb
Release : 2010-04-05
Category : Business & Economics
ISBN : 9780470503522

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Creating Value Through Corporate Restructuring by Stuart C. Gilson Pdf

An updated look at how corporate restructuring really works Stuart Gilson is one of the leading corporate restructuring experts in the United States, teaching thousands of students and consulting with numerous companies. Now, in the second edition of this bestselling book, Gilson returns to present new insight into corporate restructuring. Through real-world case studies that involve some of the most prominent restructurings of the last ten years, and highlighting the increased role of hedge funds in distressed investing, you'll develop a better sense of the restructuring process and how it can truly create value. In addition to "classic" buyout and structuring case studies, this second edition includes coverage of Delphi, General Motors, the Finova Group and Warren Buffett, Kmart and Sears, Adelphia Communications, Seagate Technology, Dupont-Conoco, and even the Eurotunnel debt restructuring. Covers corporate bankruptcy reorganization, debt workouts, "vulture" investing, equity spin-offs, asset divestitures, and much more Addresses the effect of employee layoffs and corporate downsizing Examines how companies allocate value and when a corporation should "pull the trigger" From hedge funds to financial fraud to subprime busts, this second edition offers a rare look at some of the most innovative and controversial restructurings ever.

Author : Peter H. Blessing
Publisher : Unknown
Page : 0 pages
File Size : 40,5 Mb
Release : 2012
Category : Consolidation and merger of corporations
ISBN : 9041132155

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Tax Planning for International Mergers, Acquisitions, Joint Ventures and Restructurings by Peter H. Blessing Pdf

In challenging times, strategic business restructuring dramatically increases in importance. Tax planning is critical to sound deal making, particularly in the international arena, where cross-border M&A will inevitably proliferate as companies seek to maximize global market opportunities. It is crucial for management and counsel to develop a working knowledge of the salient aspects of the relevant law in a broad range of global jurisdictions. The two complementary parts of this matchless resource provide, first, a hands-on overview of the complex tax aspects of international expansion and contraction, followed by twenty-one detailed country profiles, pinpointing each jurisdiction's handling of such areas of concern as parent/subsidiary and public/private tax targeting, VAT, transfer pricing, due diligence, tax treaty usage, licensing, tax-free status requirements, equity and debt restructuring, and much more. The locally expert authors suggest solutions designed to maximize effective tax planning and compliance. This 'value-added' content underscores the book's value as the one-stop resource professionals must have to confidently deal with the challenges and opportunities posed by cross-border M&A and corporate restructuring. The work is of immeasurable value in assessing, strategizing, and implementing international transactions while also allowing quick comparison of key tax aspects in major jurisdictions. Addressing an important information gap in an area of widespread commercial concern, this incomparable resource will be welcomed by international tax counsel, corporate and financial services attorneys, and corporate planning and compliance professionals.

Author : Stephen J. Gates
Publisher : Unknown
Page : 128 pages
File Size : 41,5 Mb
Release : 1995
Category : Capital gains tax
ISBN : 0409309958

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Tax Aspects of Corporate Restructuring by Stephen J. Gates Pdf

Author : Chandrashekar Krishnamurti,S R Vishwanath
Publisher : SAGE Publications India
Page : 433 pages
File Size : 40,9 Mb
Release : 2008-02-06
Category : Business & Economics
ISBN : 9780761935865

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Mergers, Acquisitions and Corporate Restructuring by Chandrashekar Krishnamurti,S R Vishwanath Pdf

A book on mergers, acquisitions and corporate restructuring for students and practitioners of finance.

Author : Myron S. Scholes
Publisher : Unknown
Page : 48 pages
File Size : 51,5 Mb
Release : 1989
Category : Corporations
ISBN : IND:30000113458305

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Converting Corporations to Partnerships Through Leverage by Myron S. Scholes Pdf

We explore the degree to which debt financing can reduce the corporate-level tax on income in the U.S. Although we show that debt is capable of shielding the competitive rate of return on projects from the corporate-level tax, debt financing cannot shield the positive net present value portion of project returns. Since nontax factors preclude corporate activities from being 100% debt-financed, a portion of the competitive return to corporate activity is also subject to double taxation. We also consider alternative mechanisms that serve to convert the corporate tax to a personal tax (or a partnership tax). These include other claims that give rise to tax deductible payments to the corporation such as obligations to employees, lessors and suppliers. As we show, all of these alternatives are limited in their ability to eliminate the corporate-level tax.

Author : Machiel V. Lambooij
Publisher : Unknown
Page : 712 pages
File Size : 49,6 Mb
Release : 2006
Category : Corporations
ISBN : 906476185X

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The Tax Consequences of Restructuring of Indebtedness (debt Work-outs) by Machiel V. Lambooij Pdf

Author : Francisco J. López López Lubián
Publisher : Springer
Page : 165 pages
File Size : 50,7 Mb
Release : 2014-06-27
Category : Business & Economics
ISBN : 9781137389367

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The Executive Guide to Corporate Restructuring by Francisco J. López López Lubián Pdf

In recent years the continuity of many firms has been achieved by restructuring, a task which takes up a great deal of senior management's time. Written for busy managers and executives, this book is a practical guide to the process of restructuring, covering both debt and operational restructures.

Author : Anonim
Publisher : Unknown
Page : 109 pages
File Size : 42,7 Mb
Release : 2008
Category : Corporate reorganizations
ISBN : 0906524903

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Taxation of Corporate Restructuring and Reorganisations by Anonim Pdf

Author : John B. Shoven,Joel Waldfogel
Publisher : Brookings Institution Press
Page : 223 pages
File Size : 43,6 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9780815714262

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Debt, Taxes and Corporate Restructuring by John B. Shoven,Joel Waldfogel Pdf

The boom in corporate restructuring, accompanied by large increases in debt finance, was one of the most important developments in the U.S. economy in the 1980s. Financial and tax specialists analyze how the U.S. tax system-especially in its bias toward debt financing-has affected corporate financial decisions and influenced the recent wave of corporate restructuring. The authors evaluate the hypothesis that the rise in the cost of capital during the 1980s helped stimulate the surge in corporate takeovers. They analyze the effect that changes in tax laws and in the volume of government debt have had on corporate financial decisions. The authors examine how recent financial innovations have blurred the distinction between debt and equity finance.

Author : Candace A. Ridgway,Colleen E. Laduzinski,Patrick O'Brien (Tax lawyer),Benjamin S. Jacobs,Gregory E. Stern
Publisher : Unknown
Page : 128 pages
File Size : 48,5 Mb
Release : 2024-07-01
Category : Bankruptcy
ISBN : 1633592065

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Tax Aspects of Restructuring Financially Troubled Businesses by Candace A. Ridgway,Colleen E. Laduzinski,Patrick O'Brien (Tax lawyer),Benjamin S. Jacobs,Gregory E. Stern Pdf

... analyzes the tax implications of restructuring a business' debt, primarily focusing on out-of-court restructurings as an alternative to foreclosure or bankruptcy. Restructuring debt may allow a financially troubled business to continue operations, but may also result in federal income tax liabilities, such as debt-discharge income, or other adverse tax consequences.

Author : Chandrashekar Krishnamurti,Vishwanath S. R.
Publisher : SAGE Publications Pvt. Limited
Page : 0 pages
File Size : 49,7 Mb
Release : 2019-01-17
Category : Business & Economics
ISBN : 9352803493

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Mergers, Acquisitions and Corporate Restructuring by Chandrashekar Krishnamurti,Vishwanath S. R. Pdf

This revised edition of the well-known text provides a comprehensive and well-balanced overview of the entire spectrum of activities in merger transactions, acquisitions, and corporate restructuring process. It comprises of insightful modules on search for acquisitions, value drivers and target valuation, design of consideration, accounting and tax factors, cross border acquisitions, and the restructuring of equity and debt contracts. Intended for students with an interest in the financial, strategic, and business issues surrounding corporate restructuring, this book will take the readers through a rigorous understanding of valuation in a variety of corporate settings. Mergers, Acquisitions, and Corporate Restructuring: Text and Cases incorporates seven brief cases and six full-length teaching cases that instructors can use for classroom discussion and for in-depth understanding of the issues at hand. The book will help the readers answer crucial questions such as: • When does it make sense to acquire or restructure a firm’s operations? • How does the structure of the deal affect the value creation potential? • How much value will the acquisition or restructuring create? • What are some of the post-merger integration issues that managers face?