IRS Reverses its Position Regarding the Treatment of Merger Breakup Fees
By EsqSocial Corporation 03/03/17
In July 2014 AbbVie Inc. and Shire Plc's announced a $54.8 billion merger deal that would have made AbbVie the largest U.S. company to move its legal residence, though not its operations, abroad in order to lower its tax rate in 2016 from 22% to 13%...
By: Orrick, Herrington & Sutcliffe LLP