Hummer Deal Failed Due to Non-Recognition Of Offshore Holdings

In a case that has tax planning and legal structuring implications for businesses investing in China, it is apparent that the failed deal with Hummer has its roots not just in the ability for the Tengzhong Heavy Industrial Machinery Co to persuade the Central Government that it was a good idea, but also that an alternative structure, to move the deal offshore and inherent China tax liabilities for GM in doing so may have also contributed to the failure.

One response to “Hummer Deal Failed Due to Non-Recognition Of Offshore Holdings

  1. Interesting. How apparently ‘small’ details can become ‘major’ problems if not taken care in due time.

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