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For MBA students and graduates embarking on careers in investment banking, corporate finance, strategy consulting, money management, or venture capital

Through integration with traditional MBA topics, Taxes and Business Strategy, Fifth Edition provides a framework for understanding how taxes affect decision-making, asset prices, equilibrium returns, and the financial and operational structure of firms.

Teaching and Learning Experience

This program presents a better teaching and learning experience—for you and your students:

• Use a text from an active author team: All 5 authors actively teach the tax and business strategy course and provide students with relevant examples from both classroom and real-world consulting experience.
• Teach students the practical uses for business strategy: Students learn important concepts that can be applied to their own lives.
• Reinforce learning by using in-depth analysis: Analysis and explanatory material help students understand, think about, and retain information.

Taxes & Business Strategy, Global Edition

• Title


• Copyright


• Contents


• Preface


• Acknowledgments


• About the Authors


• Chapter 1 Introduction to Tax Strategy


• 1.1 Themes of the Book


• Taxing Authority as Investment Partner


• The Importance of a Contractual Perspective


• 1.2 Why Do Tax Rules Influence Before-Tax Rates of Return and Investment Decisions?


• Implicit Taxes and Tax Clienteles


• Tax Planning as a Tax-Favored Activity


• Why Study Tax Planning?


• 1.3 Topics Covered in This Book


• 1.4 Intended Audience for This Book


• Summary of Key Points


• Appendix 1.1 Overview of Calculation of U.S. Income Tax Liability


• Discussion Questions


• Exercises


• Tax-Planning Problems


• References


• Chapter 2 Tax-Planning Fundamentals


• 2.1 Types of Income Tax Planning


• Converting Income from One Type to Another


• Shifting Income from One Pocket to Another


• Shifting Income from One Time Period to Another


• 2.2 Restrictions on Taxpayer Behavior


• Economic Substance, Business Purpose, and Substance over Form


• Constructive-Receipt Doctrine


• Related-Party versus Arms-Length Contracts


• Assignment-of-Income Doctrine


• 2.3 The Legislative Process and Sources of Tax Information


• Primary and Secondary Authorities


• The Legislative Process


• Regulations and Revenue Rulings That Result from the Passage of a Tax Act


• The Role of Judicial Decisions


• Secondary Authorities


• Summary of Key Points


• Appendix 2.1 Sources of Information on Tax Legislation


• Appendix 2.2 More Detailed Examples of Tax Planning


• Discussion Questions


• Exercises


• Tax-Planning Problems


• References and Additional Readings