Corporate Tax

11 June 2021

SPACs: tax considerations

While traditional initial public offerings (IPOs) have become risky, difficult and vulnerable to conflict as to the issuer's valuation, a merger or combination with an IPO-funded special purpose acquisition company (SPAC) offers an alternative. The recent popularity of SPACs can be linked to, among other things, their structure, which provides advantages and benefits for investors, sponsors and private companies that wish to raise public funds. This article highlights several tax considerations relating to SPACs.

Yoram Shiv Authors: Yoram Shiv | Anat Shavit | Yuval Peled

Israel | Fischer Behar Chen Well Orion & Co

Read more

Abolition of issuance stamp duty to further boost Swiss economy

In Switzerland, 1% issuance stamp duty is levied on capital contributions from shareholders to Swiss companies. This stamp duty is curbing capital injections as these costs induce shareholders to finance Swiss companies through shareholder loans. Such a financing strategy turns out to be especially harmful in an economic crisis. Against this backdrop, the Council of States of Parliament recently approved the long-overdue abolition of issuance stamp duty on equity.

Fabienne Limacher Authors: Fabienne Limacher | Maurus Winzap

Switzerland | Walder Wyss Ltd

Read more

Recent updates

Range of benefits for companies domiciled in SARs significantly expanded

Valery Narezhniy Author: Valery Narezhniy

Russia | Gorodissky & Partners

Italian Revenue Agency provides clarity with regard to digital services tax

Simona Zangrandi Authors: Simona Zangrandi | Franco Pozzi

Italy | Studio Legale e Tributario Biscozzi Nobili Piazza

First Swiss-Brazilian DTA to become reality in 2022

Maurus Winzap Authors: Maurus Winzap | Fabienne Limacher

Switzerland | Walder Wyss