Sunday, September 25, 2005

Many deals are made by people who believe that the only time you should think of tax is when you have no choice but to pay.

So the tax consequences of transactions are seldom worked out before signing agreements.

Tax is then viewed like the weather in business- irrelevant and unpredictable. So in negotiations where even exchange rate safe harbors are "libor"-iously worked out, taxes which can alter the effective return on investment and bite into the bottomline, are ignored.

Some tax law posts will surface on this blog soon- and like boring plays, this prelude is probably the best of what will follow.

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