Course Detail

Taxes and Business Strategy (30118)

Course Description by Faculty

  • Weiss, Ira
  • Content
    This course provides students with a framework for thinking about tax planning. This framework has two principal advantages. First, it is designed to have value long after the next tax act. Second, the framework is portable, in that it can be applied to any set of tax laws - those of the United States or any other country. Once developed, the framework is applied to a variety of business settings. The applications integrate concepts from finance, economics, and accounting to achieve a more complete understanding of the role of taxes in business strategy.

    The following groups will profit from this course: financial executives, investment advisors, investment bankers, private equity investors and consultants who want to have a competitive advantage by understanding how taxes impact the structure and value of deals; and managers and analysts who need to understand how firms strategically respond to tax incentives.

    Topics include the following: tax planning for investments; tax planning for executive compensation (e.g., executive stock options); tax planning for mergers, acquisitions, and divestitures; tax arbitrage strategies; taxation of competing legal entities (e.g., C Corps, S Corps, and LLCs).

    Format
    • Lectures

    • Discussion

    • Case Studies

    • Group Projects

  • Prerequisites
    Business 30000 or equivalent. Business 35200 useful. No prior tax knowledge is needed for this course.
  • Materials
    Textbook: Scholes, Wolfson, Erickson, Maydew and Shevlin, Taxes and Business Strategy, 6th edition. Readings and handouts will be posted in Chalk.
    Resources
    • Canvas Site Available

  • Grades

    Based on short assignments, cases, and a final exam.

    Final exam will be given during class-time in week 10, with an optional exam given a week early during week 9 of the class.

    Grades
    • Graded homework assignments

    • Graded attendance/participation

    • Allow Provisional Grades (For joint degree and non-Booth students only)

    • Early Final Grades (For joint degree and non-Booth students only)

    Assessment & Testing
    • Final exam (in class)

  • Syllabus
  • Spring 2023Section: 30118-01T 8:30AM-11:30AMHarper CenterC05In-Person Only
  • Spring 2023Section: 30118-02T 1:30PM-4:30PMHarper CenterC05In-Person Only
  • Spring 2023Section: 30118-85S 9:00AM-12:00PMGleacher Center308In-Person Only
Description and/or course criteria last updated: June 8 2022