Management Responsibility

Management - The overall responsibility of tax matters lies with a ±nancial executive or the CEO but responsibility should be spread out to all

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Management Responsibility * The managers responsible for particular areas within the organization should be negatively judged on performance if they fail to o consider the tax impact of alternatives strategies under investigation; o seek out alternative structures within their sphere of inFuence that will minimize tax without creating an overpowering negative impact on non- tax-related areas; or, o justify in terms of non-tax or non-quantitative reasons the choice of a higher-tax alternative
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Unformatted text preview: * The overall responsibility of tax matters lies with a ±nancial executive or the CEO but responsibility should be spread out to all functional areas of management in order to stimulate timely consideration of taxation and enhance cash Fow * Managers should be aware of those tax laws that affect decisions within their areas of responsibility and should either apply that knowledge directly or know when to seek out advice on certain decisions...
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This note was uploaded on 02/05/2012 for the course ACC 522 taught by Professor A.vena during the Spring '11 term at Ryerson.

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