KPMG’s Taxation of Cross-Border Mergers and Acquisitions features information from 60 countries on their current laws and regulations and the potential implications for tax-efficient structuring and financing of a merger or acquisition. It can be used as a valuable tool to understand the tax impact of transactions worldwide.
With recovery from the 2008 financial crisis taking hold and pent-up demand on both the buy and sell sides, cautious optimism marks today’s global mergers and acquisitions (M&A) markets. Across the globe, deal activity is rising, although perhaps not as quickly as one might expect. Rising tax audit scrutiny of cross-border M&A structures and uncertainty over future international tax reforms are causing trepidation in the M&A markets. While activity is on the upswing, it seems unlikely to reach pre-2008 levels in the near term.
The Dutch tax environment for cross-border mergers and acquisitions (M&A) has undergone some fundamental changes in recent years. Most of these changes have been implemented as of 2013. These changes affect fundamental decisions that a prospective purchaser will face:
- What should be acquired: the target’s shares, or its assets?
- What form of acquisition vehicle should be selected?.
- How should the acquisition vehicle be financed?