Banks, insurance companies, and other financial services firms must consider the impact of taxes - international, federal, value-added, and state - as they make strategic decisions. In particular, banks must base decision-making on their overall domestic or global tax position (the forest) rather than on the tax positions of individual operations within a particular subsidiary, product line, or geographic area (the trees).

That would be difficult enough, but when considered in the context of such market trends as financial services convergence, competition for customer deposits, the Internet, and globalization, effective strategic tax planning is an even bigger challenge.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.