Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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The Bush administration's budget proposal, introduced last month, specifically targets the cash-rich split-off as ripe for reform. Until enactment, however, corporations should probably feel more confident that these transactions are efficacious under current law. The very fact that the administration feels that new legislation is warranted suggests there is little the IRS can do, under current law, to attack cash-rich split-offs that are in the planning stage or already consummated.
March 16, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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