When a purchaser acquires the shares of a vendor corporation, it may be assuming a potential tax

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“When a purchaser acquires the shares of a vendor corporation, it may be assuming a potential tax liability of the vendor corporation.” What is meant by this statement? To the extent that such a potential liability exists, what impact may this have on the purchase price, and how can it be measured?
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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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