Most states allow company mergers and consolidations to take place on a tax-neutral basis. Where companies merge, a person\u2019s shareholding in one company is replaced by a shareholding in a merged entity. The share is not deemed disposed of for tax purposes.<\/p>\n
Generally, mergers and consolidations are created on a tax-neutral basis. This reflects the economic reality that the shares in the original entity are merely replaced by shares in the new entity without any real disposal.<\/p>\n\n
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General Where a sole trader, partnership, or corporation has activities in more than one state, issues will arise regarding taxation in each state. States usually levy tax on the basis of the worldwide income of their residents and also tax income from activities conducted within their borders. This leads to the possibility of double taxation. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[145],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10455"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=10455"}],"version-history":[{"count":3,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10455\/revisions"}],"predecessor-version":[{"id":21096,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10455\/revisions\/21096"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=10455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=10455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=10455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}