Tax And Insolvency

The thousands of mergers, acquisitions, and start-ups that have characterized the past ten years of business have created an increasing number of corporations in financial trouble: specifically, a shortage of venture capital or quick cash. Consequently, bankruptcy protection is now viewed as a strategic move to protect corporations from their creditors and allow them to reorganize. Bankruptcy and Insolvency Taxation, Third Edition provides the answers to the questions financial managers will have on the tax aspects of the "bankruptcy strategy."

Tax and Insolvency is a concise guide to the tax issues that arise and should be considered when a company becomes insolvent or is under administration. Recent changes in tax reform and the new business tax system amendments have brought about changes that affect corporate equity and debt, access to tax losses and other corporate taxes. Tax and Insolvency provides: An up-to-date overview of the rules in the Taxation Administration Act; The responsibilities of liquidators, receivers and administrators; Relevant references to leading cases; References to the developing attitudes of the courts and regulatory bodies.

A unique guide to the taxation of companies in liquidation, receivership or administration, and those making voluntary arrangements. This book examines the tax position of the insolvent company, its creditors and shareholders, and the Crown. Packed full of invaluable tax planning suggestions, the new sixth edition covers all relevant changes up to and including Finance Act 2006.

Tax Planning for Troubled Corporations, by noted tax attorneys Gordon D. Henderson and Stuart J. Goldring, clearly outlines the steps involved in corporate bankruptcy proceedings and examines the tax procedural aspects of bankruptcy. This classic treatise provides crystal clear analysis and guidance for any company considering bankruptcy filing and for tax, financial and legal advisors to such companies. It examines the full gamut of tax aspects, consequences and considerations of bankruptcy and non-bankruptcy restructuring of financially troubled businesses -- from the corporation's initial tax payment and reporting obligations through the claims resolution process, to the payment and discharge of tax claims pursuant to a confirmed Chapter 11 plan.