SPAC, Eggs, SPAC, SPAC, Bacon, and SPAC

Like the singular breakfast offering in the famous skit by a popular British comedy troupe, the SPAC—also known as a “blank check company”—has become a staple investment vehicle. This KPMG Inside International Tax podcast with host Gary Scanlon and his guests Phill DeSalvo, Steve Massed, and Barbara Rasch discusses the recent explosion of SPAC IPOs and the common U.S. international tax issues that arise in the context of SPAC transactions, particularly the application of the U.S. inversion rules and the rules related to the taxation of shareholders in PFICs.

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