Lack of Consistency in State Taxation of Corporate Treasury Investments and Specialized Entities Allows Significant Tax Planning Opportunities by Global Cash Management Systems
Author: Alex Shults.
Source: Volume 21, Number 04, March/April 2008 , pp.24-36(13)
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Abstract:
Although states are becoming increasingly sophisticated in countering allocation strategies of large enterprises, a number of planning opportunities are still available. Choosing where a corporation locates its treasury functions (including the function investing cash sweeps), or where it locates special purpose subsidiaries (which might hold intangible assets) may provide considerable tax benefits.Keywords: Cash sweeps; passive investment companies;
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