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Title: Taxes and Business Strategy: A Planning Approach (2nd Edition) by Myron S. Scholes, Mark A. Wolfson, Merle M. Erickson, Edward L. Maydew, Terry J. Shevlin, Edward Maydew, Terry Shevlin ISBN: 0-13-025398-7 Publisher: Prentice Hall Pub. Date: 23 January, 2001 Format: Hardcover Volumes: 1 List Price(USD): $136.00

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Average Customer Rating: 4.75 (4 reviews)

Rating: 5
Summary: Solid treatment of material
Comment: 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.

Rating: 5
Summary: Great Text For a Complex Subject
Comment: 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.

Rating: 4
Summary: A good text
Comment: 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.

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