Class, tax is an important consideration in the merger and acquisition of companies. Click the link below and go over the article "Tax Issues for Buyers and Sellers in Today's M&A market" and discuss what strategies you as a CFO will use while acquiring a company. There are number of other articles available on the internet on this topic. Please do some research on your own as well. A will find a good sources of these topics on the websites of accounting firms like E&Y$,$ KPMG and Deloitte.