Global tax ambiguity will not stunt mergers and acquisitions: analysts

Singapore

THE increasing uncertainty in tax legislation and tax policy design will not dampen cross-border mergers and acquisitions (M&As), but it will pose challenges for various aspects of a deal, experts say.

Adam Rees, principal adviser, Tax-Deals, M&A at KPMG in Singapore, told The Business Times that such challenges include how the deal is structured between parties, the extent of tax due diligence undertaken and the shaping of protections in transaction documents.