Jerry and his team were hired to provide a solvency opinion related to the sale of assets by one of the largest internet media companies. As part of the work, they analyzed the tax impact of the sales, including U.S. and non-U.S. tax issues.

Work performed:

• Reviewed application of China’s Announcement 7 (Circular 698) to certain sales
• Analyzed calculation of the Section 965 TCJA Transition Tax
• Reviewed and discussed ongoing tax audits and advised on potential outcomes and the impact on the seller’s cash position
• Calculated after-tax proceeds as an integral part of the solvency opinions

Note: This work was performed prior to joining Stout.