Tax Issues For Insolvent Groups

In recent times it has become increasingly common to see reports of multinational groups in severe financial difficulty whether as a result of general economic downturn a reversal of economic trends over-gearing or in the worst cases accounting or other malpractice within the group eventually coming to light. When a corporate group is in serious financial difficulty some of the group companies may well still be solvent on a stand-alone basis and will continue trading some will be put into administration and others into liquidation. There are many factors bearing on the choice of insolvency process and the decision taken...