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Did Larry Ellison just transfer billions of dollars from himself to himself in a taxable transaction? I'm surprised the deal was all cash.
by ryporter 10y ago
Did Larry Ellison just transfer billions of dollars from himself to himself in a taxable transaction? I'm surprised the deal was all cash.
- omgitstom 10y agoAcquisitions are complicated in tax law. There was a good write-up about this in Forbes about a year ago that your question reminded me of: http://www.forbes.com/sites/anthonynitti/2015/10/05/tax-geek-tuesday-a-buyers-best-friend-understanding-the-section-338h10-election/ http://www.forbes.com/sites/anthonynitti/2015/10/05/tax-geek... I honestly don't know the answer to your question, though.
- unreal37 10y agoOne could argue that Oracle's money is not technically his. This is how he gets a large share of Oracle's money into his own personal accounts without having to give other shareholders anything.