Taxation of Cross-Border Mergers & Acquisitions

Mergers and acquisitions transactions are the means by which companies in every region of the world are restructuring and generally adapting to the new economic environment. In response to changed circumstances, companies are restructuring through selling a division or non-core assets, buying assets out of bankruptcy, swapping debt for new equity, or shifting capital to where it is most needed.

KPMG's Taxation of Cross-Border Mergers & Acquisitions 2010 aims to provide tax professionals with an international overview of these and other tax issues that may affect cross-border mergers and acquisitions. Each of the 60 country chapters describes current laws and regulations and their possible implications for the tax-efficient structuring and financing of a merger or acquisition. The highlights of the 2010 edition include:

• M&A deals in private equity
• Increasing consolidation in hard-pressed industries such as automotive and banking
• Increasing M&A potential in emerging markets such as Latin America, Turkey, India, and China
• Long-term trends in tax administration
• Role of debt in M&A financing

The U.S. country chapter is available below. View information on the 60 country chapters in Taxation of Cross-Border Mergers & Acquisitions 2010.