Option Area(s):

Course Description :

The objective of this course is to provide you with a framework for analyzing tax planning. Adopting this approach has two important advantages. First, the framework offers an approach to tax planning and business strategy that remains useful long after the next revision of the tax code. Second, it offers an approach that can be readily employed in an international setting. After developing the framework, it will be applied to a variety of business settings that integrate topics from accounting, finance and economics in order to provide you with a more complete understanding of the role of taxes in business strategy. Throughout, two important concepts will be applied: the concept of implicit taxes (tax induced differences in before tax rates of return) and the concept of tax clienteles (the effect of cross sectional differences in tax rates). Topics covered include: Taxes and the organizational form for businesses (partnerships, corporations, MLPs, LLCs, LLPs, etc.) Taxes and the value of alternative savings vehicles Taxes and the creation of securities Taxes and the use of derivatives Taxes and the repackaging of ownership rights Tax free reorganizations and divestitures Taxes and their effects on M&A activity

Prerequisites :

MGMT 60000 & MGMT 60100