24 Mar 2017
Dominic Robertson and Emma Game consider the tax issues affecting the formation, operation and termination of corporate joint ventures.
Joint ventures are an increasingly popular means of achieving commercial goals: they are used, for example, to pool businesses’ technology (e.g. the Galvani Bioelectronics JV between Alphabet and GSK), as a means of creating scale and synergies while giving both parties an ongoing stake in the upside (e.g., EE before its sale to BT), or simply to create a consortium of investors to purchase an asset. Whilst JVs can take many forms (including partnerships and contractual collaborations), corporate JVs, often the preferred structure for long-term JVs, are the focus of this article.
This article was first published in the 24 March 2017 edition of Tax Journal
taxing-joint-ventures.pdf
This material is provided for general information only. It does not constitute legal or other professional advice.
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