Taxes & Business Strategy Acct 897/297 2013
Taxes and Business Strategy
ACCT 897/297
Prof. Jennifer Blouin – Spring 2013
Email: blouin@wharton.upenn.edu
Phone: (215) 898-1266
Office: SHDH 1315
Office hours: by appointment, please email me to schedule a meeting
Prerequisites:
Finance 601 or equivalent.
Materials
Textbook (REQUIRED): Scholes, Wolfson, Erickson, Maydew and Shevlin, Taxes and Business
Strategy: A Planning Approach, Prentice Hall, 4th edition.
Canvas: This site includes course information, important announcements, online homework assignments and any lecture slides, course handouts, cases, problem solutions and optional articles.
In-class handouts: On rare occasions will supplemental material be distributed in class. If distributed, these materials will also be available on Canvas (barring any copyright issues). After the second class, lecture slides will not be distributed in class. Please download these prior to class.
Course Goals and Objectives:
Traditional finance and strategy courses do not consider the role of taxes. Similarly, traditional tax courses often ignore the richness of the decision context in which tax factors operate. The objective of this course is to develop a framework for understanding how taxes affect business decisions.
The key themes of the framework are:
All Parties: Effective tax planning requires the planner to consider the tax implications of a proposed transaction for all of the parties to the transaction.
All Taxes:
All Costs:
Effective tax planning requires the planner, in making investment and financing decisions, to consider not only explicit taxes (tax dollars paid directly to taxing authorities) but also implicit taxes (taxes paid indirectly as lower before-tax rates of return on tax-favored investments).
Effective tax planning requires the planner to recognize that taxes represent only one among many business costs. In the planning process all costs must be considered, including the costly restructuring of the business
ACCT 897/297
Prof. Jennifer Blouin – Spring 2013
Email: blouin@wharton.upenn.edu
Phone: (215) 898-1266
Office: SHDH 1315
Office hours: by appointment, please email me to schedule a meeting
Prerequisites:
Finance 601 or equivalent.
Materials
Textbook (REQUIRED): Scholes, Wolfson, Erickson, Maydew and Shevlin, Taxes and Business
Strategy: A Planning Approach, Prentice Hall, 4th edition.
Canvas: This site includes course information, important announcements, online homework assignments and any lecture slides, course handouts, cases, problem solutions and optional articles.
In-class handouts: On rare occasions will supplemental material be distributed in class. If distributed, these materials will also be available on Canvas (barring any copyright issues). After the second class, lecture slides will not be distributed in class. Please download these prior to class.
Course Goals and Objectives:
Traditional finance and strategy courses do not consider the role of taxes. Similarly, traditional tax courses often ignore the richness of the decision context in which tax factors operate. The objective of this course is to develop a framework for understanding how taxes affect business decisions.
The key themes of the framework are:
All Parties: Effective tax planning requires the planner to consider the tax implications of a proposed transaction for all of the parties to the transaction.
All Taxes:
All Costs:
Effective tax planning requires the planner, in making investment and financing decisions, to consider not only explicit taxes (tax dollars paid directly to taxing authorities) but also implicit taxes (taxes paid indirectly as lower before-tax rates of return on tax-favored investments).
Effective tax planning requires the planner to recognize that taxes represent only one among many business costs. In the planning process all costs must be considered, including the costly restructuring of the business