Minimizing tax when structuring transactions?
In one of the firm presentations at my school, there was a guy who talked about how his specific role was to hop on the more complex transactions and figure out tax loopholes and overall ways to minimize tax on the deal. Completely forgot which firm or what his name was (this was almost 2 years ago , sophomore year). Is this a common thing/ is there a specific role, group or title for this? I’m interested in hearing more about this now but can’t remember which firm or which guy I heard about this from.
The Big 4 accounting firms all have M&A tax groups that do that sort of work.
Usually Big4 teams work on that. Alternatively, M&A teams can give such exposure due to structuring expertise but they do not work on tax issues per se.
There will be a few angles to this: if it's M&A/corporate restructuring then will be big4, but IBD will also have in-house experts to supplement this - although they would usually recruit at associate+ level from established corporate law firms (not really as a grad so much) - so big4 would be the route here.
There are other teams working in secondary market trading/some areas of UHNW private banking who look at tax structuring also, and these will be employed inhouse by the firm due to some of the sensitivity around the work - this might be more what you are after. This would likely fall under structuring as part of an S&T grad scheme, and they would look at tax optimisation for flow trading around the firm's various jurisdictions in the course of their work as a market maker (i.e. they have to hold and trade inventory through different jurisdictions).
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