Details

This book is written for anyone with an interest in learning about tax strategy. We initially wrote the book for undergraduate students and masters of accounting or finance students. More specifically, this book is appropriate for those embarking on (or already in) careers in investment banking, corporate finance, strategy consulting, money management, or venture capital. The book is valuable to accountants and attorneys who want a rigorous framework for thinking about tax strategy and how tax strategy interacts with other aspects of the firm.
Almost every top business school program teaches its students the fundamentals of corporate finance, financial statement analysis, valuation, and investments. Although these are valuable skills, but not something that differentiates oneself. However, the courses on tax decisionmaking offered by schools have been deficient. In fact, students who study this aspect will possess a competitive advantage over their peers who know little or nothing about tax strategy.This book fills the gap in the current teaching environment. On the one hand, it can satisfy the interest of international students in China's tax policy and background; on the other hand, it can also realize bilingual and full English teaching of Chinese students in tax courses.
Relative to legal-based tax books, this book focuses on the economic consequences of tax planning and downplays the technical detail that makes the study of taxation such a nightmare for business students. It is not meant to imply that the details of the tax laws are unimportant. In fact, students will find that this book provides them with significant tax legal knowledge, the mastery of which provides a permanent frame of reference for future study of advanced tax topics. Traditional books are heavily compliance oriented and convince many students that the tax law is too complex and specialized to be relevant to their future careers. This book attempts to do just the opposite by convincing students that an understanding of taxation is not only relevant but critical to their success in the business world. In addition, the book presents many general rules about tax law and tax accounting. Through the analysis of typical tax planning cases, students will have the ability to practice tax planning while learning tax planning theory.