Yahoo organizes the transfer of its shares in a new holding in Alibaba

Yahoo finalizes the sale of its assets that Alibaba should conclude in the current fourth quarter. The company has just begun the administrative procedure with the Securities and Exchange Commission to organize the transfer of 384 million Alibaba shares to a Aabaco appointed independent holding company. These shares represent 15% of Alibaba capital have value is around $ 32 billion. Yahoo account then redistribute Aabaco shares to its shareholders through special dividends. However, as noted by the New York Times, the operation could abort if the IRS does not guarantee
not writing that such dividends will not be taxed.

A financial arrangement in the tax department of the collimator

This arrangement based on an independent holding company is the solution Yahoo has found in order to remunerate its shareholders without those profits are taxed. To get this tax free, the law requires that a holding such qu’Aabaco incorporates operational activity. That is why Yahoo plans to transfer to Aabaco its cloud services for small
businesses. However, the administration would consider harden these rules, which could jeopardize the plan. Hence the caution of Yahoo, which leaves possibility to cancel everything …

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