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Mergers and acquisitions

All transactions—whether mergers, acquisitions, joint ventures, equity investments, or divestitures—involve complex issues that require the dedicated attention of experienced professionals. When those deals involve companies with global operations, wading through the additional range of considerations is even more daunting. Deloitte can assist and provide advice in effectively navigating the myriad of tax, accounting, legal, regulatory, cultural, and labor issues in cross-border transactions to help manage compliance risks and potentially enhance returns. Our services include:

Deal structuring and due diligence 

Deloitte’s M&A professionals provide corporate clients and private equity investors with a spectrum of tax advisory services. Our multifunctional approach teams these professionals with industry and technical specialists to provide assistance and advice targeted toward managing tax compliance risk and enhancing business returns. We analyze and quantify industry-, country-, and deal- specific tax risks and opportunities; analyzing asset quality; and potential hidden costs, contingencies and commitments and help to develop negotiating positions. We suggest alternative tax structures and prepare formal tax structuring memoranda and pro forma financial statements that illustrate the effects of various structuring alternatives on future cash flows and earnings.

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Sell-side services 

We help analyze potential tax, accounting, labor, operational, and system issues before going to market. We work with clients to analyze whether the transaction structure is in line with company strategy, and quantify the strategic value of tax risks and opportunities. We perform pre-sale due diligence including analysis of tax financial and regulatory matters, review of compensation-related agreements, and analysis of information quality. We also know that the tax considerations of a deal can be simple or complex and will vary depending on the nature of the deal. We can assist and advise clients regarding estimated gains and losses, analyze the allocation and preservation of tax attributes, and explore tax structures that address clients’ goal for cash proceeds from the deal. Our professionals can help clients navigate deal execution and work closely with their team and other advisors to enhance efficiency of effort and knowledge transfer.

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Post transaction services 

For both acquisitions and separations, our team provides a holistic approach that can help tax departments address its Day 1 readiness needs as well as its longer term requirements. This includes advising on a variety of tax issues, such as addressing regulatory, tax planning and compliance matters; simplifying corporate tax structures, especially where overlapping legal entities arise; harmonizing accounting methods; and merging tax systems, processes, and departmental personnel. We work with the tax function to explore tax opportunities that arise as part of the company’s overall merger synergy efforts, whether those changes arise in supply chains, sales force organization, back-office operations, or other areas.

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Restructuring and bankruptcy services 

We work with financially challenged companies by analyzing relevant tax issues and financial considerations, assisting in evaluating restructuring options, and exploring planning opportunities that address those tax and financial burdens, while building a framework allowing for future tax efficiencies. Our professionals have extensive experience working with debtors, creditors, and creditor committees with respect to both in–court and out-of-court restructurings. We also work with clients’ other professional advisors to pursue favorable business and tax results. In Deloitte China Tax, this service is provided by FAS, and tax and FAS always work hand in hand in M&A projects to maximize the benefits for our client.

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Featured content

  • Outbound M&A tax planning for Chinese companies (2013 edition)
    Offer Chinese investors a key to understand tax planning for outbound M&A
  • Taxation and Investment Guides and Highlights
    Your access to accurate and timely information on taxation and other business conditions of major trading jurisdictions
  • China Mergers, Acquisitions and Reorganisation Tax Guide (2nd Edition)
    Various possibilities for structuring to ensure proper tax planning corporations

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    Providing in-depth analysis on tax issues and business-related changes that may impact your business

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