The importance of modeling
Once the modeling has been completed, a company can consider how its tax liability could change — both on a short-term (cash) basis and a longer-term (effective tax rate) basis — as well as the potential impact on earnings, cash flow and treasury needs, capital structuring, and any operational changes or restructuring of business operations that might be appropriate.
The time to begin modeling is now, to allow for careful consideration of the potential impact and an opportunity to consider potential remedial actions.