Tax Staff and Tax Planning: Importance during Transactions and Acquisitions

Tax planning in mergers and acquisitions
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Role of tax planning in mergers and acquisitions
The importance of a competent tax staff for companies cannot be understated, particularly for those undergoing significant changes such as transactions, mergers, and acquisitions. Tax regulations are notoriously complex, and the frequency with which they change makes it all the more necessary for companies to have dedicated experts on staff (PWC, 2017). A company without this expertise risks failing to comply with applicable laws and regulations, which can have severe consequences. The tax implications can be particularly complicated when involved in transactions such as mergers and acquisitions. A knowledgeable tax staff is essential to structure these transactions in the most tax-efficient manner possible. Not only do tax experts help with compliance, but they can also contribute to a company's bottom line by aiding in tax planning and strategy to minimize the tax burden. Avoiding costly mistakes such as underpaying taxes or...