"Strategic Tax Planning for Managers" is organized to cover the tax implications of transactions as they occur through a company's life cycle. The basic principles of tax management are applied through the use of case studies that simulate a variety of real-word marketplace conditions. In addition, value-added and financial reporting effects of tax management are discussed.

Table of Contents

INTRODUCTION; PART ONE: Understanding Strategic Tax Planning: A Framework; CHAPTER 1: A Framework for Understanding Taxes; How Are Taxes Important in Decision Making?; Types of Taxes; Basic Principles of Taxation; Sources of Tax Laws; Important Principles and Concepts in Tax Law; Savant Framework; CHAPTER 2: Utilizing the SAVANT Framework to Guide Tax Planning; Strategy; Anticipation; Value-Adding; Negotiating; Transforming; Putting It All Together: SAVANT Concepts Illustrated; PART TWO: Forming the Enterprise; CHAPTER 3: Choosing a Legal Entity: Risk Management, Raising Capital, and Tax Management; Strategy; Anticipation and Timing Issues; Value-Adding; Negotiating; Transforming; Putting It All Together: Applying SAVANT to Entity Choice; Specialized Legal Forms; CHAPTER 4: Financing a New Venture; Internal Financing; External Financing: Debt versus Equity; PART THREE: Operating the Firm; CHAPTER 5: New Products: Development, Promotion, and Advertising; New Products and Product Improvement; SAVANT and Research and Development; CHAPTER 6: Attracting and Motivating Employees and Managers: Company and Employee Tax Planning; Executive Compensation; Nonexecutive Employee Compensation; Perquisites; Pension and Profit Sharing Plans; Current and Deferred Compensation; Limits on Deductibility on Executive Compensation; Stock Options; Management Bonus Plans; Financial Statement/Finance versus Tax Strategy Trade-Offs; Putting It All Together: Applying SAVANT to Executive Compensation; CHAPTER 7: Market Penetration: Operating in Different States; General Principles of State and Local Taxation; Planning with Income Taxes: Manipulation of Plant, Workforce, and Point of Sale Locations; Location Choice: Sourcing versus Production Platforms; Distribution: Planning for Sales and Use Taxes; Lobbying and Tax Abatements; Trade-Offs with Local Tax Incentives: Infrastructure, Government Costs/Subsidies, and Other Local Costs; Putting It All Together: SAVANT Applied to Market Penetration in Other States; CHAPTER 8: Market Penetration: Company and Employee Tax Planning for Operating in Foreign Countries; Some Basics on U.S. Taxation of Overseas Operations; Some Basics on Taxation by Countries Other Than the United States; Tax Treaties; Effective Tax Management; Putting It All Together: Penetrating Foreign Markets from a SAVANT Perspective; CHAPTER 9: Operations Management; Production Design and process Selection; Inventory: Methods of Accounting and Includable Amounts; Strategic Capacity Planning: Plant versus People; Putting It All Together: Operations Management from a SAVANT Perspective; CHAPTER 10: Financing Ongoing Operations and Tax Planning; Operating Earnings; Sale of Operating Assets; Sale of Investments; Short-Term Borrowing; Accounts Receivable; Decrease in Dividends; Stock Dividends; Stock Buybacks; Using Employee Stock Ownership Plans; Receipt of Dividends from Subsidiaries; Putting It All Together: Financing Ongoing Operations from a SAVANT...