Publications

Symbiosis Institute of Management Studies Annual Research Conference (SIMSARC13) By Sugandh Kansal, Arti Chandani Abstract The on-going dance of merger and acquisition happening every week is hard to miss. But it has been found that most mergers and acquisition fail because of poor handling of change management. Change is the only thing that will never change so … Read more

By KPMG Introduction Mergers and acquisitions (M&A) have become increasingly common in Russia in recent years. A number of legal and tax issues should be considered when such transactions are planned. This chapter summarizes the applicable provisions in Russian legislation. M&A issues are complex, so, in each case, the transactions should be planned taking into consideration all … Read more

By KPMG Introduction The legal framework for business consolidations in India consists of numerous statutory tax concessions and tax-neutrality for certain kinds of reorganizations and consolidations. This chapter describes the main provisions for corporate entities. Tax rates cited are for the financial year ending 31 March 2013, and are inclusive of an applicable surcharge (10 percent … Read more

By KPMG Introduction This chapter addresses three fundamental decisions that face a prospective purchaser: What should be acquired: the target’s shares or its assets? What will be the acquisition vehicle? How should the acquisition vehicle be financed? Of course, tax is only one piece of the transaction structuring puzzle. Company law governs the legal form of a … Read more

By KPMG Introduction Greek legislation provides a number of tax incentives for mergers and acquisitions (M&A) of business entities for the purpose of creating larger, more efficient entities. With respect to cross-border M&A, Greece had enacted Law 2578/1998 (amended by Law 3517/2006) that implemented the European Union (EU) Merger Tax Directive (Directive 90/434/EU as amended by Directive 2005/19). … Read more

By KPMG Introduction The Vietnam tax environment for mergers and acquisitions (M&A) continues to evolve. Although gaps remain, new rules may allow for new planning opportunities. The continued development of the rules shows a trend towards converging with international norms. This chapter provides basic information to potential investors and deals with both asset and share purchases. … Read more

By KPMG Introduction The Austrian tax environment for mergers and acquisitions (M&A) changed significantly in 2005, when Austria implemented an attractive new tax group system and reduced its corporate income tax rate to 25 percent. This chapter addresses the most important questions that arise with acquisitions in Austria: What should be acquired: the target’s shares or … Read more