Customer Reviews

Taxes and Business Strategy: A Planning Approach (2nd Edition)

5 star:		(4)
4 star:		(2)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

As another reviewer states, the material for this book was used in the Taxes & Business Strategy class at both the University of Chicago and Stanford's business schools. Compared to other texts on this subject, it is actually readable and, more importantly, understandable to a non-tax professional. The are an abundance of examples that you can apply directly to situations which arise in real world situations. The 2nd edition has been updated to reflect most recent changes in the tax law.

The book is a must for anybody in investment banking, law, private equity, and other fields where a tax plays a large role in determining the outcome and structure of deals, compensation, etc.

We used this book as the text for a masters level course in our masters of accouting program. Students responded well and appeared to enjoy the book. They found the treatment of the material to be at an apporpriate level, and they rated the book a five on a five point anonymous rating. The only suggestion they proferred was for some companion piece covering a few of the more currently used planning techniques.

Excerpts of the text are used in the Taxes and Business Strategy course at the University of Chicago Graduate School of Business. Scholes and Wolfson have provided an excellent, multi-perspective framework for thinking about tax issues and how taxes can impact the value of a transaction. Unfortunately, S&W have been making too much money in the private sector to update this book so some of the details in the book regarding tax laws are dated.

very good book that addresses contemporary tax issues (i.e. savings vehicles, organizational format, tax arbitrage, international, M&A, etc.) by consistently using a few concise, clear frameworks (all parties, all taxes, all costs AND 1 pocket 2 another, 1 time to another, 1 type to another.

authors get carried with away algebra formulas to prove out simple concepts. can be tedious to read at times. use thia book as a guie to understand concept.

Took Professor Merle Erickson's course (few years ago now) never met a professor who made more of an effort to get the message across, and in this case a very valid/worthwhile message! The book is readable and useful.....where do you think much of Private Equity/Structured Finance profits come from?!

Having taken Wolfson's class at Stanford Business School, I can attest to the value of this book. Prof. Wolfson & Myron Scholes present the implications of certain taxation issues in an extremely clearheaded fashion.