Timing is a major consideration for the proposed spinoff of Sears Canada by Sears Holdings...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Timing is a major consideration for the proposed spinoff of Sears Canada by Sears Holdings (SHLD) because the distribution of shares will be a taxable event even though no cash passes hands. At issue, a current dividend tax rate of 15% that is slated to jump to 43.4% next year unless Congress jumps in.