A recent court ruling in the Shalam Packaging Products Group case addressed claims made by the Netanya tax assessor. The assessor argued the group executed a restructuring solely to reduce its tax liabilities by offsetting...more
6/17/2024
/ Business Losses ,
Business Taxes ,
Capital Gains ,
Debt Restructuring ,
Insurance Claims ,
Parent Corporation ,
Property Damage ,
Shareholders ,
Subsidiaries ,
Tax Assessment ,
Tax Liability ,
Tax Planning
A district court ruling handed down this past September addresses the legitimacy of distributing dividends prior to a sale of shares in order to reduce the tax liability deriving from the transaction. The court found that, in...more