M&A, tax avoidance and group structures : a tax-based analysis

Belz, Thomas

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URL:	https://ub-madoc.bib.uni-mannheim.de/38990
URN:	urn:nbn:de:bsz:180-madoc-389904
Document Type:	Doctoral dissertation
Year of publication:	2015
Place of publication:	Mannheim
University:	Universität Mannheim
Evaluator:	Schreiber, Ulrich
Date of oral examination:	8 June 2015
Publication language:	English
Institution:	Business School > ABWL u. Betriebswirtschaftliche Steuerlehre (Schreiber 1999-2019)
Subject:	330 Economics
Subject headings (SWD):	Steuer , Investition
Keywords (English):	M&A , Tax , Group Structures , Firm Complexity
Abstract:	This dissertation presents three seperate papers. The first two of these analyse tax-induced consequences of mergers and acquisitions, where the target firm is in the focus. It is analysed whether a tax advantage can be generated at the target firm, following an acquisition. If this is the case, acquisitions are favoured by the tax system and specifically those acquirers are favoured that are able to generate the highest tax advantages. The third paper analyses the adjustment of group structures to mitigate the negative effects of worldwide tax systems.