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Ruling summary

2014 Ruling 2014-0530961R3 - Cross-Border Butterfly -- summary under Distribution

In order that the butterfly transactions could qualify as a tax-free spin-off for Code purposes, TC (a ULC) and Foreign Spinco (an LLC) initially were fiscally transparent for Code purposes then TC elected to be fiscally regarded in order that it could qualify for Treaty benefits and the Foreign Spinco became a C-corp in order that its spin-off could comply with Code rules. ...
Technical Interpretation - External summary

3 December 2015 External T.I. 2015-0593941E5 F - Allocation of the safe income on hand -- summary under Paragraph 55(2.1)(c)

. With a dividend in the order of magnitude of $35,000…we could conclude that the reduction is significant or the increase in cost is significant. ...
Ruling summary

2016 Ruling 2015-0616291R3 - Cross-Border Butterfly -- summary under Distribution

Canadian DC holds 3 of the quotas in the capital of Forco 3 and the balance are held by Forco 1 and otherwise does not hold any shares or units. ...

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