Corporate Action

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Corporate Action

Any action a publicly-traded company takes that affects its shareholders and/or bondholders, whether positively or negatively. Common examples of corporate action include stock splits, where the company doubles the number of its shares, and calling bonds, where a company deprives bondholders of coupons to which they would otherwise have been entitled. Corporate actions must be approved by the board of directors and in many circumstances shareholders may vote on the measures as well.
References in periodicals archive ?
The Service disagreed, claiming the fees were corporate reorganization costs that should have been capitalized because the S election produced benefits extending beyond the tax year.
The purpose of the COI requirement is to prevent transactions that resemble sales from qualifying for nonrecognition of gain or loss available in corporate reorganizations.
See Mintz and Plumb, "Step Transactions in Corporate Reorganizations," 12 NYU Institute on Federal Taxation 247 (1954); Chirelstein and Lopata, "Recent Developments in the Step-Transaction Doctrine," 60 Taxes 970 (Dec.
Like the other types of corporate reorganizations, Type Ds are also subject to subchapter C's operational rules.
Since the Supreme Court's decision, there has been considerable concern that IRS personnel would interpret INDOPCO as requiring the capitalization of expenditures unrelated to corporate reorganizations that have customarily been regarded by taxpayers as currently deductible.

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