Transaction tax

Capital Square 1031 acquires medical office building with long-term triple net lease in Greater Phoenix

PHOENIX, August 3, 2021 / PRNewswire / – Place de la Capitale 1031, one of the main sponsors of Delaware Statutory Trust Offerings (DST) for 1,031 exchanges and other accredited investors, today announced the acquisition of a 15,286 square foot medical office building in the Phoenix suburb of Gilbert, Arizona. The medical practice building was […]

Transaction tax

Cooley and Kirkland Craft SPAC merge for $ 4.3 billion Bitcoin miner

Law360 (July 21, 2021, 2:03 p.m. EDT) – Cryptocurrency miner Core Scientific to go public at an enterprise value of approximately $ 4.3 billion by merging with a special purpose acquisition vehicle backed by private equity in a transaction guided by respective legal advisers Cooley and Kirkland, the companies said on Wednesday. The deal sees […]

Transaction tax

4 companies help Kohlberg unveil $ 1.1 billion secondary fund

Law360 (July 20, 2021, 1:37 p.m. EDT) – Kohlberg & Co. Transfers Assets From 2012 Private Equity Fund To New $ 1.1 Billion Continuation Vehicle Backed By BlackRock Affiliates, GIC and Lexington Partners, the companies said Tuesday, in a transaction guided by four law firms. The continuation vehicle – also known as the general partner-backed […]

Transaction tax

Australia to impose reporting obligation on sharing economy / gig platforms

In short The Australian Treasury has issued a survey bill which, if implemented, would require e-platform operators to report to the Australian Taxation Office (ATO) identifying and payment information regarding sellers who participate on their platforms (“Sellers“). The bill adopts the definitions and concepts used in Australian GST law and in particular, the concept of […]

Transaction tax

The government collects Rs 1.01 lakh cr from excise, Rs 2.41 lakh cr from income tax in the first quarter

The government collected over Rs 1.01 lakh crore in excise duties during the April-June period, while the collection of direct taxes stood at over Rs 2.41 lakh crore, the government said on Monday. Ministry of Finance. Giving details of the taxes collected, Minister of State for Finance Pankaj Chaudhary in Lok Sabha said that Rs.41,831 […]

Transaction tax

Lutz formalizes the Transaction Advisory Service line | Local news from the Big Island

Lutz, a Nebraska-based business solutions company with an office in Grand Island, recently formalized a new offering, Transaction Advisory Services. TAS will provide earnings quality reporting, transaction structuring assistance, due diligence advice and general advice related to M&A transactions. Taylor Kendall, Advisory Shareholder and Head of TAS, said: “We have completed many projects for our […]

Transaction tax

Rohatyn Group Pledges to Sell Omnichannel Pet Care Platform Pet Network International to A&M Capital Europe

NEW YORK & LONDON – (COMMERCIAL THREAD) – The Rohatyn Group (“TRG”), a US-based global asset management firm with expertise in emerging markets and real assets, and A&M Capital Europe (“AMCE”), an intermediary company European based in London and focused on operations. private equity firm, today announced that it has entered into a definitive agreement […]

Transaction tax

Laurel Tinsley Brings Strategic Experience to Tax Advantage Group by Cherry Bekaert

Laurel has impressive experience in structuring complex transactions involving NMTCs, as well as tax credits for historic rehabilitation, social housing, renewable energy, brownfields, and affordable housing assistance programs that have helped. to stimulate economic development. She brings experience in non-profit industry, healthcare, industrial manufacturing, education and renewable energy, which will bring significant depth to TAG’s […]

Transaction tax

Income Tax News | CBDT grants additional flexibility in electronic filing of foreign income tax remittances

CBDT grants additional flexibility in electronic filing of foreign income tax remittances New Delhi: The Central Commission for Direct Taxes (CBDT) has further extended the electronic filing of 15CA / 15CB income tax forms. Taxpayers can now fill out the 15 CA and 15 CB forms manually until July 15, the finance ministry said. The […]

Transaction tax

Companies do not need to deduct TDS on purchases of stocks / commodities through exchanges: CBDT

Companies that buy stocks or products traded through recognized stock or commodity exchanges for a value even greater than Rs 50 lakh will not be required to deduct withholding tax (TDS) on the transaction, a declared the income tax service. With effect from July 1, 2021, the income tax department introduced a provision relating to […]

Transaction tax

New opportunities for intergenerational business transfers after the adoption of Canada’s Bill C-208

TORONTO – Bill C-208, An Act to amend the Income Tax Act (transfer of small business or family farming or fishing corporation), received Royal Assent and became law in Canada on June 22, 2021. Bill C-208 was a private member’s bill aimed at leveling the tax burden on small business owners making intergenerational transfers of […]

Transaction tax

India joins global consensus framework to tax multinational corporations

Workers clean the exterior walls of an office building in the central financial district of Mumbai, India, December 4, 2018. REUTERS / Danish Siddiqui / Files July 2, 2021 New Delhi (Reuters) – India has signed a global consensus deal to tax multinational corporations, the government said on Friday. Officials from 130 countries, including the […]

Transaction tax

Tax changes for the benefit of certain companies considering intergenerational transfers of shares

The blog post explained that s. 55 (2) of the Income Tax Act (Canada) treats transactions, which would ordinarily be considered dividends, as taxable capital gains in certain situations, but corporations can avail themselves of an exception and avoid this requalification if they comply with the rules of the art. 55 (3) (a). Although by […]