Business Restructuring and Tax Losses: How Can Tax Help Recovery after a Health Crisis? – Bloomberg Tax

Restructuring

Businesses have always thrived through expansion, synergy and efficiency. Size does matter, but small and lean operations can prove to be very profitable. To deal with this apparent paradox, large multinationals need to be agile in the structuring of their operations. In the late 1980s and early 1990s, several tax regimes were implemented to help…

Gulfstream Insurance Admits Insolvency, Agrees to Liquidate – Insurance Journal

Liquidation

Article 0 Comments Personal residential insurer Gulfstream Property and Casualty Insurance Co. has agreed to liquidate according to a July 22 order signed by the Florida Office of Insurance Regulation. The Florida Department of Financial Services must agree to receivership before the liquidation process can formally begin. Once the DFS signs off, Gulfstream customers will…

‘Attaching Rs 14,000 Cr Against Rs 6,200 Cr Debt’: ‘Bankrupt’ Mallya’s Twitter Rant Against ‘Incredible’ ED – News18

Bankruptcy

Following London High Court declaring businessman Vijay Mallya as bankrupt, the fugitive said the Enforcement Directorate is attaching his assets worth Rs 14,000 crores against debt of Rs 6,200 crores. He also levelled allegation that the banks are making him bankrupt since they have to return money to the ED. ED attach my assets worth…

DNA Explainer: Vijay Mallya is going bankrupt, know what is the bankruptcy process in India – DNA India

Bankruptcy

Fugitive Indian businessman, the 65-year-old chairman of UB Group, Vijay Mallya was declared bankrupt on Monday by the Insolvency and Companies Court of the London High Court.After being declared bankrupt by the British court allowing Indian banks to pursue his assets worldwide, Vijay Mallya launched a tirade on Twitter accusing lenders of making him bankrupt.…