To carry out the planned merger of their media operations, AT&T Inc. and Discovery Inc. proposed a tax-advantaged transaction known as a Reverse Morris Trust. This route can be attractive to highly leveraged corporations such as AT&T, the world’s most heavily indebted nonfinancial company. The goal is for AT&T and its shareholders to see no tax on gains from the deal.
Lydia O'Neal is a Foreign Correspondent at The Capitol Forum. She covers topics related to business and taxation, contributing her insights to prominent outlets such as The Wall Street Journal, Bloomberg News, and IBT Media. Lydia's work reflects her commitment to delivering in-depth analysis on critical economic issues.