Comments for PwC Transactions Blog

Comment on The Netherlands in search for € 18 billion through limitation of interest deductibility on acquisition debt by Private Equity

Private Equity — Mon, 09 Jan 2012 07:31:23 +0000

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Comment on Can Private Equity still compete with cash-rich corporations? by Private Equity

Private Equity — Mon, 09 Jan 2012 07:10:15 +0000

Comment on M&A Academy – “Tax implications of business restructuring” by Zachariah Shortell

Zachariah Shortell — Sat, 03 Dec 2011 22:38:14 +0000

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Comment on The Locked Box: a completion mechanism that can drive certainty and value by Kamal Kalsi

Kamal Kalsi — Thu, 04 Aug 2011 10:02:39 +0000

Excellent article explaining the lock box

Comment on Due diligence decreases fraud liability by Jacqueline Gram

Jacqueline Gram — Thu, 14 Apr 2011 10:59:33 +0000

Hi San Antonio,
That would indeed be great. Shredding documents and especially originals is not a recommendation I would make, since they could prevent companies from presenting evidence in cases of reviews/investigations. Companies should develop the necessary procedures, communicate these clearly throughout the organisation, train all stakeholders on these procedures and regulalry follow up.

Comment on Renewables Deals: 2010 analysis and 2011 foresight by Shelley

Shelley — Wed, 13 Apr 2011 20:08:20 +0000

This is very interesting. Thank you.

Comment on Due diligence decreases fraud liability by San Antonio shredding

San Antonio shredding — Tue, 06 Jul 2010 05:27:24 +0000

It would be great if due diligence could actually lower the chances of companies or individuals from getting victimized by fraud. In this way, more investors will be encouraged to build up businesses, without that fear of fraudulent transactions. Shredding documents may be done for precautionary measures but there are those who even dispose of original copies so as not to leave a trace and this is causing doubt. As these procedures get polished, let us hope for the best that the number of fraud victims will eventually decline.

Comment on Tax modelling: there’s no such thing as a tax rate of 33,99% by Nancy De Beule / Annelies Butaye

Nancy De Beule / Annelies Butaye — Wed, 10 Feb 2010 08:47:41 +0000

Dear Mr. Smith First of all we would like to thank you for your comment on our blog-post regarding tax modelling. With respect to your questions it is not straightforward to provide you with a concrete answer, as this will depend on the specific financial and tax situation of the companies in your group. However, in practice we notice that, in case of effective tax management and planning, and also depending on how far you want to go, a low average consolidated tax rate can be obtained. In this respect, various structuring and financing scenarios’ could be envisaged depending on the specific situation of your group companies. The outcome of these ideas can be directly transposed by using tax modelling. As a result, you will get a clear overview on the tax paying position of the companies involved prior and after the implementation of the intended restructuring scenarios’. In case you would like to further discuss your specific situation, we would be pleased to do so during a meeting. Kind regards Nancy De Beule, Director Tax services, +32 3 259 3125 Annelies Butaye, Manager Tax services, +32 3 259 3165

Comment on Tax modelling: there’s no such thing as a tax rate of 33,99% by Adam Smith

Adam Smith — Tue, 02 Feb 2010 08:01:32 +0000

Given that all our operations are within the euro zone (and we’d like to keep them within this currency area), and that we have a manufacturing footprint primarily in northwestern Europe, what sort of corporate tax rate can we aspire to? For instance, are rates as low as Ireland’s within reach, even if we don’t have production facilities there?

Best regards,
Adam Smith

Comment on Due diligence decreases fraud liability by Jacqueline Gram

Jacqueline Gram — Fri, 22 Jan 2010 09:33:43 +0000

Hi Michael,
1) A fraud due diligence is performed before any deal/merger or acquisition takes place. A fraud due diligence needs to be distinguished from the audit, because, amongst others, the work of the auditors has a different scope than a fraud due diligence. During an audit though, the fraud experts add value for the audit team in assessing certain processes/procedures/transactions from a fraud perspective. Vice versa, during a fraud due diligence the audit team may give valuable input for the fraud team that increases the added value of the fraud due diligence.

2) Could you explain a bit more since I don’t think I understand this question right?

Best
Jacqueline