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Blackstone Closes Serco BPO Deal, Company To Rebrand As Intelenet Global Services
Serco Global Plc's deal to sell its private sector business process outsourcing to private equity firm Blackstone closed on Thursday, the British firm told the London Stock Exchange. The BPO unit will be return to using its original name 'Intelenet Global Services'. "Reflecting movements in net asset balances since the agreed valuation date, and subject to any final adjustments up to today's completion date and for currency translation, the resulting reduction in Serco's net ... Full investment news article
The Recently Enacted “PATH” Act Of 2015 Drastically Changes And Improves The US Federal Income Tax Rules For Certain Foreign Retirement And Pension Funds Investing In Real Estate In The United States
Under the US tax laws, foreign persons are typically not subject to US tax payment and US tax filing requirements with respect to US-source capital gains, unless such capital gains are treated as (or deemed to be) income that is effectively connected with the conduct of a trade or business in the United States (“Effectively Connected Income”). FIRPTA includes within Effectively Connected Income: (i) gains from the sale or disposition of a “United States real property interest” (“USRPI”), which includes ... Full investment news article