Lawmakers Question Caesars REIT Spinoff Plan
Members of Congress say the spinoff would amount to "a taxpayer-funded subsidy" to the gaming company and its private-equity owners.
Hilton to Spin off Most of Its Real Estate Assets
The move may be one of the last of its kind since, under a new law, corporations are required to pay capital gains taxes on REIT spinoffs.
Ireland’s Shire Buys Baxalta for $32 Billion
The drug maker says the deal will further its goal of "building the leading biotechnology company focused on rare diseases."
IRS Taking Tougher Stance on Some Spinoffs
The agency has "significant concerns" that companies may be disguising taxable transactions as spinoffs to avoid paying taxes.
IRS Puts Cloud Over Yahoo’s Alibaba Spinoff
The company may have to choose between scrapping the spinoff or risking a huge capital gains tax bill.
P&G Sells Beleaguered Beauty Brands
Procter & Gamble washes its hands of its salon professional, retail hair color, cosmetics, and fine fragrances lines of business.