Strategic Corporate Tax Planning / Edition 1

Strategic Corporate Tax Planning / Edition 1

by John E. Karayan, Charles W. Swenson, Joseph W. Neff
     
 

ISBN-10: 0471220752

ISBN-13: 9780471220756

Pub. Date: 07/18/2002

Publisher: Wiley

Reducing taxes is important but not necessarily paramount. The seasoned manager seeks to optimize tax impacts by balancing expected tax burdens against the costs of reducing them-not minimizing but optimizing the tax burden. Examining the tax implications of transactions as they occur throughout a company's life cycle, tax gurus John Karayan, Charles Swenson, and

Overview

Reducing taxes is important but not necessarily paramount. The seasoned manager seeks to optimize tax impacts by balancing expected tax burdens against the costs of reducing them-not minimizing but optimizing the tax burden. Examining the tax implications of transactions as they occur throughout a company's life cycle, tax gurus John Karayan, Charles Swenson, and Joseph Neff focus on strategic tax planning for the non-tax, decision-making manager in Strategic Corporate Tax Planning.

Rather than focusing on detailed, nation-specific tax rules, the authors direct their attention toward giving their readers a critical mass of tax knowledge, communicating universal principles that can be applied in any situation. To this end they introduce an innovative tax strategy system, SAVANT, an acronym for how tax planning fits into business decisions: Strategy, Anticipation, Value-Adding, Negotiating, and Timing. Karayan, Swenson, and Neff show how managers can apply this framework to typical business transactions, illustrating their points with numerous real-life examples. Breaking the life cycle of a business into four sections-(1)Understanding Strategic Tax Planning: A Framework, (2) Forming the Enterprise, (3) Operating the Firm, and (4) Changing the Original Form-the book's chapters include:

• Choosing a Legal Entity: Risk Management, Raising Capital, and Tax Management

• New Products: Development, Promotion, and Advertising

• Attracting and Motivating Employees and Managers: Company and Employee Tax Planning

• Mergers and Acquisitions

The authors also cover the four techniques generally employed in tax strategies-creation, conversion, shifting, and splitting-as well as non-U.S. and cross-border tax implications. A company generally bases its operational decisions on after-tax cash flows, meaning taxes have a dramatic impact on corporate success and even non-tax managers need to understand the tax implications of their decisions. Strategic Corporate Tax Planning shows managers how to apply the fundamentals of taxation in their business decisions, empowering them to be more effective in their jobs.

Product Details

ISBN-13:
9780471220756
Publisher:
Wiley
Publication date:
07/18/2002
Series:
Wiley Finance Series, #141
Edition description:
Older Edition
Pages:
408
Product dimensions:
6.30(w) x 9.10(h) x 1.20(d)

Table of Contents

INTRODUCTION

PART ONE: Understanding Strategic Tax Planning: A Framework

CHAPTER 1: A Framework for Understanding Taxes

CHAPTER 2: Utilizing the SAVANT Framework to Guide Tax Planning

PART TWO: Forming the Enterprise

CHAPTER 3: Choosing a Legal Entity: Risk Management, Raising Capital, and Tax Management

CHAPTER 4: Financing a New Venture

PART THREE: Operating the Firm

CHAPTER 5: New Products: Development, Promotion, and Advertising

CHAPTER 6: Attracting and Motivating Employees and Managers: Company and Employee Tax Planning

CHAPTER 7: Market Penetration: Operating in Different States

CHAPTER 8: Market Penetration: Company and Employee Tax Planning for Operating in Foreign Countries

CHAPTER 9: Operations Management

CHAPTER 10: Financing Ongoing Operations and Tax Planning

CHAPTER 11: Capital Budgeting

CHAPTER 12: Financial Statement Analysis and Proactive Tax Planning

PART FOUR: Changing Original Form

CHAPTER 13: Restructuring

CHAPTER 14: Mergers and Acquisitions

CHAPTER 15: Other Topics in Changing Original Form

APPENDIX

BIBLIOGRAPHY

INDEX.

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