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The Specifics of Tax Arbitrage in The Reorganization of The European Companies Through Acquisitions, Mergers, Spin-Offs and Disinvestments

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  • Anda Simona Rădulescu (Dîrvă)
  • Cristian Dîrvă

Abstract

Focusing on fiscal issues, in this paper we analyzed the trend of European companies to streamline their activity through legal reorganization (i.e. takeovers, mergers, spin-offs, divestments) starting from tax benefits which may result from such operations.

Suggested Citation

  • Anda Simona Rădulescu (Dîrvă) & Cristian Dîrvă, 2016. "The Specifics of Tax Arbitrage in The Reorganization of The European Companies Through Acquisitions, Mergers, Spin-Offs and Disinvestments," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(59), pages 145-162, March.
    • Handle: RePEc:rej:journl:v:18:y:2016:i:59:p:145-162
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    References listed on IDEAS

    as
    1. Jouko Ylä-Liedenpohja, 2008. "Fiscal consequences of greater openness: from tax avoidance and tax arbitrage to revenue growth," Working Papers 0864, Tampere University, Faculty of Management and Business, Economics.
    2. John R. Graham, 2003. "Taxes and Corporate Finance: A Review," The Review of Financial Studies, Society for Financial Studies, vol. 16(4), pages 1075-1129.
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    More about this item

    Keywords

    tax arbitrage; mergers; acquisitions; spin-offs; disinvestments.;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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