Stock Slump news and trends

IRS Questions Yahoo-Alibaba Spinoff As Stocks Slump

September 09, 2015
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IRS Questions Yahoo-Alibaba Spinoff As Stocks Slump

September 09, 2015
It hasn’t been an easy few weeks for Alibaba’s stock, which has suffered some hits in the markets. And yesterday (Sept. 8), things got worse. Yahoo unveiled its plans back in January to spin off its nearly $40 billion stake in Alibaba, which was a plan that effectively eliminates the need to pay taxes on an investment […]