IPOs: The Old Alternative to Income Trusts.

The article focuses on the tax issues related to initial public offerings (IPOs) of several types of securities by corporations. It examines the definition of public corporation for income tax purposes and the consequences of a corporation that becomes a public company on taxation. It explores alternative structures for the completion of an IPO such as the reverse takeover structure, as well as issues arising from subscription receipts, convertible debt and special warrants.