Analysis: Tax strategy may be key to Verizon Wireless deal
By Kevin Drawbaugh and Nanette Byrnes (Reuters) – Verizon Communications Inc’s chances of buying the 45-percent stake in Verizon Wireless owned by the UK’s Vodafone Group Plc will hinge, at least in part, on the quality of tax advice it is getting. Verizon, the No. 2 U. S. telecommunications company, may have found a way to structure a purchase of the stake so that Vodafone can avoid a multi-billion dollar U. S. capital gains tax bill, sources familiar with Verizon’s plans said. The possibility of a huge tax bill has previously been regarded by analysts as a big hurdle to any such deal. . . .
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