Short sales are either everyday events or mysterious to most people. This advisory discusses the tax implications of short sales in the corporate world, as featured in a recent transaction in which a controlled foreign corporation bought its parent’s publicly traded stock and used the stock as part of the acquisition currency to buy a domestic subsidiary.
The advisory is provided in PDF on the Alston & Bird website:
www.alston.com/advisories/federal-tax-advisory-august-2012
