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Taxes and Business Strategy (Corporate Taxation): ACCT-GB.2305.10

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Overview

This course explains the salient aspects of corporate taxes and how they affect managerial decisions regarding investments, mergers and acquisitions, employee compensation, and foreign operations. This course is highly relevant to those pursuing careers in investment banking, corporate finance, and research, or to anyone who is going to have to deal with taxes in their careers. The course teaches you how to think about taxes conceptually and how taxes affect management decisions and valuation.

 

Help and Office

Materials

I will be providing extensive notes in class. You need not buy a book. I recommend the following book.

 

Exams and Grading

Schedule

Class Topic
1
  • Fundamentals of corporate taxation and core tax concepts
2
  • Tax disclosures in financial statements: Current versus deferred taxes
3
  • Choice of form and entity classification
  • Capital structure decisions
  • Formation of corporation and Section 351
4
  • Corporate income: Classification
  • Concept of Earnings and Profits
  • Consoldiated versus separate tax returns
  • Inside verus outside basis
  • Taxation of shareholders
5
  • Non-lidquidating distributions
  • Redemption distributions
  • Stock dividends
6
  • Liquidations
  • Sale of subsidiaries
7
  • Fundamentals of taxation of mergers and acquisitions
  • Asset purchase versus stock purchase
8
  • Section 338(g) election
  • Section 338(h)(10) election
  • Section 336 election
9
  • Non-taxable transactions
  • Section 368
  • Section 351
10
  • Tax Planning for Compensation
  • Stock compensation, Pensions, Health care

11
  • International taxation
  • GILTI, FDII, Participation Exemption, BEAT
  • Tax structuring
12
  • FINAL EXAM