Publications

By KPMG Introduction To summarize the French rules applicable to cross-border mergers and acquisitions (M&A), this report addresses three fundamental decisions facing 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? Tax is, of course, only one piece of … 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. However, several new tax provisions have been implemented during the last years that affect M&As. This report addresses the most important … Read more

By KPMG Introduction Foreign investment in Mexico by multinationals has substantially increased over the past decade, thanks partly to the extensive network of tax and trade agreements concluded, particularly in recent years, with Mexico’s most important financial and trading partners. These include the United States (US), Canada, some Central and South American countries, the European Union (EU) and … Read more

By KPMG Introduction The United Arab Emirates (UAE) is a federation of seven emirates: Abu Dhabi, Dubai, Sharjah, Fujairah, Ras Al Khaimah, Ajman and Umm Al Quwain. The information in this report applies to all emirates unless there is a material difference, which is addressed separately. Legislative position in the United Arab Emirates Federal Companies Law … Read more

By KPMG Introduction Danish tax rules and practice have changed fundamentally in recent years. A number of rules have been introduced to prevent erosion of the Danish tax base, and the Danish tax authorities have adopted a restrictive attitude toward structures aimed at reducing the Danish tax base. However, the Danish parliament has also introduced a … 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 report describes the main provisions for corporate entities. Tax rates cited are for the financial year ending 31 March 2016, and are inclusive of an applicable surcharge (12 percent … Read more

The oil and gas sector is faced with intense pressure on cash flow due to low returns on capital. While there is a reset of the cost base, the industry also needs to renew its resource and production portfolios for long-term sustainability. M&A is an option that addresses some of the challenges facing the sector … Read more

Introduction Opportunities for mergers and acquisitions (M&A) in the Republic of Korea (Korea) have increased in recent years. A growing number of companies are turning their attention to M&A to compete in the global economy, expand operations and gain various synergistic benefits. As the number of M&A deals in Korea grows, the Korean government continues … Read more