Client: Majority shareholder
A provider of ICT staff to multinationals was using an international tax route.
Nederhof performed a value analysis of the client’s shares for the purpose of buying out minority shareholders. The value effect of the chosen tax structure on future cash flows was computed in an alternative scenario (what-if analysis), considering the implications of the loss of tax facilities.
On Nederhof’s advice the company spread the (value) risks in its structure.