0
General

Yahoo will sell Alibaba stake despite IRS tax stance

Tuesday 29 September 2015 | 08:50 CET | News
Yahoo said it plans to move forward with the sale of its stake in Alibaba Group even though the IRS has declined to rule on whether the transaction would be tax free, Reuters reported. Yahoo said earlier this month that the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in Alibaba would be considered tax free. The sale is still subject to certain other conditions including the receipt of a legal opinion on the tax-free treatment of the deal under US federal tax laws, Yahoo said in a regulatory filing. Based on Alibaba's close on 28 September of USD

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Alibaba / Yahoo
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Yahoo to announce next strategic steps in February - report

Published 22 Jan 2016 12:54 CET | World
Yahoo will not decide on its next strategic steps until after it announces its fourth quarter 2015 results on 2 February, people ...

Yahoo! to try new plan for separation of Alibaba stake

Published 09 Dec 2015 14:50 CET | World
Yahoo! Ihas abandoned the plan to spin off its stake in Alibaba Group into a separate company. Instead it will look at a reverse ...

Yahoo to drop Alibaba stake spinoff due to tax risk - report

Published 09 Dec 2015 09:18 CET | World
Yahoo will drop its plan to spin off its 15 percent stake in Alibaba, worth over USD 30 billion, under pressure from investors ...

Yahoo to consider sale of core internet business - report

Published 02 Dec 2015 08:20 CET | World
Yahoo's board is planning a series of meetings this week to consider selling off the company's internet businesses and how to ...

Alibaba retail sales surge 28%, over 60% on mobile

Published 27 Oct 2015 13:45 CET | China
Chinese e-commerce giant Alibaba Group reported a strong set of third-quarter results, driven by its expanding online presence ...

Lord joins Yahoo as new chief information security officer

Published 26 Oct 2015 15:58 CET | World
Yahoo! announced that Bob Lord will join as the company's chief information security officer (CISO). Lord brings more than twenty ...

Yahoo to narrow focus, partner Google as profits fall

Published 21 Oct 2015 08:30 CET | World
Yahoo! reported revenues for the third quarter up 7 percent year-on-year to USD 1.226 billion. Search revenue increased 13 ...

Yahoo faces setback on tax conditions for Alibaba spin-off

Published 09 Sep 2015 09:29 CET | United States
The US tax service has rejected a request from Yahoo! for a special ruling on its proposed spin-off of its Alibaba shares into a ...





Calendar   /   Industry Events

26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct NENT Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Microsoft fiscal Q1
26 Oct FCC meeting
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct TIM Q3 2021
27 Oct Telefonica Deutschland Q3 2021
27 Oct Spotify Q3 2021
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Ooredoo Q3 2021
27 Oct Megacable Q3
27 Oct Twilio Q3
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
28 Oct Swisscom Q3 2021
28 Oct Telenor Q3 2021
::: More Calendar Items