Security
Securitization is one of the alternative financing instruments that is becoming increasingly popular. A typical securitization transaction involves the transfer of assets, usually receivables, to a third party that offers them as a package on the money or capital market (funded securitization). However, market players are relying more often on derivative instruments (synthetic securitization) than on effecting actual asset transfers.
How can KPMG Meijburg & Co assist you?
We lead the market in providing tax advice on securitization transactions to both originators and issuers. We offer:
- tax analyses based on transaction documents;
- assistance in submitting requests to the Dutch Revenue for advance certainty about the ramifications of a particular transaction;
- assistance in preparing or assessing the related legal documents; and
- tax opinions for both originators and issuers, which can also be used for presentation to any other parties involved (such as rating agencies).
How will you benefit?
Structuring securitization transactions in the most tax-efficient manner possible can yield enormous commercial benefits. This may involve dealing with such issues as determining how the interest payable on the securities issued will be qualified for tax purposes (i.e., deductibility), ensuring that transactions between originators and issuers have no tax implications, and avoiding the realization of taxable gains when transactions are effected.
Why choose KPMG Meijburg & Co?
Our securitization team consults with the tax inspectors of the Dutch Revenue on a regular basis to discuss developments in the market and within the Dutch Revenue. Because we have established an excellent working relationship with the Dutch Revenue, we can reach agreements on transactions swiftly and efficiently. The excellent relationships we maintain with major market players, such as managers, lead managers, law firms, and trusts, facilitate rapid and direct communications.