10 Questions
What does the SAVANT Framework for strategic tax management involve?
Strategy, Anticipation, Value-Adding, Negotiation, Transforming
What are examples of capital as mentioned in the text?
Brand name, software, piece of equipment, equity capital
What is the purpose of risk management in choosing a legal entity?
To identify and mitigate potential risks associated with the chosen legal entity
What does financing a new venture involve?
Obtaining funds for starting or developing a new business
What are examples of restructuring as mentioned in the text?
Mergers, acquisitions, organizational changes
What does the SAVANT Framework emphasize as the plan/blueprint of doing things?
Strategy
In the context of capital, which of the following is an example of an investment that can be sold off?
Brand name
What does equity capital not have to be paid back as?
Dividend
What does the SAVANT Framework emphasize as the work done to reduce cost and increase benefits?
Negotiation
According to the text, what is the produce of an effort that adds value to what you are doing?
Value-Adding
Study Notes
SAVANT Framework for Strategic Tax Management
- Involves a comprehensive approach to managing taxes, including structuring, accounting, valuation, and negotiation.
Capital
- Examples of capital include investments, debt, and equity.
- Equity capital is an example of an investment that can be sold off.
- Equity capital does not have to be paid back as a loan.
Risk Management and Legal Entity
- The purpose of risk management in choosing a legal entity is to minimize risk and maximize benefits.
Financing a New Venture
- Involves accessing and managing capital to fund a new business or project.
Restructuring
- Examples of restructuring include reorganizing, refinancing, and reengineering.
SAVANT Framework Emphasis
- Emphasizes the importance of a plan or blueprint for doing things, which involves structuring, accounting, valuation, and negotiation.
- Emphasizes the work done to reduce costs and increase benefits, which involves optimizing resources and minimizing waste.
Value Addition
- The product of an effort that adds value to what you are doing is an outcome that increases benefits or reduces costs.
Test your knowledge of strategic tax management with this quiz. Explore topics such as choosing a legal entity, risk management, raising capital, financing a new venture, new product development, promotion, advertising, and restructuring. See how well you understand the SAVANT framework and its application in tax management.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
