April 9, 2021

Bloomberg Tax quoted Tax Partner Andre Benayoun in an article about the tax issues encountered by Canadian SPACs acquiring U.S. cannabis companies.

Bloomberg Tax

Bloomberg Tax quoted Tax Partner Andre Benayoun in an article about the tax issues encountered by Canadian SPACs acquiring U.S. cannabis companies. Cannabis

Excerpt:

… So if a taxable gain is triggered, some investors may not have access to enough cash to pay that tax bill when it is due. “It often becomes a real problem, and that’s why these deals are structured to qualify as full inversions over 80%,” Benayoun said. “But it’s still a possibility if you’re not paying attention.”

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Andre  Benayoun

Andre Benayoun

Partner

  • Tax & Business
  • Fort Lauderdale, FL