Tax-free spin-offs are increasingly becoming the method of choice for companies wishing to dispose of an unwanted business. Brandon Hayes, of Ernst & Young, explains the obstacles businesses must overcome to qualify a spin-off as a tax-free transaction under US federal tax law.
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Two months since EU political agreement on pillar two and few member states have made progress on new national laws, but the arrival of OECD technical guidance should quicken the pace. Ralph Cunningham reports.