Legal entity rationalization

In this episode of In the vault with KPMG, Elizabeth L’Hommedieu, Tony Welburn, from the KPMG Banking & Capital Markets Tax practice, and Mitchell Thweatt and Megan Fitzsimmons from the KPMG M&A tax practice, discuss legal entity rationalization (LER) and its relevance in the banking industry. They define LER as the process by which companies look at their capital structure and search for ways to save money or create value and discuss tax-efficient ways to streamline a legal entity structure. Listen to the podcast for practical advice for banks considering LER.