Inside M&A - May/June 2010

Mondaq Business BriefingUnited States Law Articles in English (2010)

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Inside M&A - May/June 2010

State and Local Tax Snafus in "No Tax" Deals Amendment to German Securites Trading Act Introduced by Federal Ministry of Finance State and Local Tax Snafus in "No Tax" Deals By Leah Robinson and Margaret C. Wilson

Even when a transaction is "tax free" for federal income tax purposes, state and local taxes can surprise the unwary and cause expenses that could have been avoided with careful planning. State tax concerns are often an afterthought because many assume that the state tax treatment will mirror the federal tax treatment; therefore, if the federal tax implications were thoroughly reviewed, then the state tax concerns were covered as well. However, this ...

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