Paul L. Caron
Dean




Monday, April 9, 2012

Brooks Presents Tax-Free Reorganizations: A Growing Business Tax Expenditure? Today at Tulane

Brooks (Kim)Kim Brooks (Dean, Schulich School of Law, Dalhousie University), presents Tax-Free Reorganizations: A Growing Business Tax Expenditure? at Tulane today as part of its Faculty Workshop SeriesShu-Yi Oei is the discussant.

Non-recognition rules for corporate reorganizations have been an important part of Canada's tax system since 1972, and even before that time; however their generosity and scope has increased dramatically. Initially they only applied to essentially formal rearrangements of corporate capital, paper transactions as they were called. However, Canada now allows tax-deferred corporate rollovers for almost all corporate reorganizations, including those in which the nature of the ownership interests have completely changed and a wide variety of international transactions. This paper will explore the growth in the liberalization of Canada's corporate tax reorganization rules and examine whether they should be treated as tax expenditures for corporate mergers and acquisitions and, if so, whether they represent sensible government spending policy.

https://taxprof.typepad.com/taxprof_blog/2012/04/brooks-presents.html

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