haku: @indexterm capital budgeting / yhteensä: 390
viite: 68 / 390
| Tekijä: | Buckley, A. |
| Otsikko: | The classical tax system, imputation tax and capital budgeting |
| Lehti: | European Journal of Finance
1995 : JUN, VOL. 1:2, p. 113-128 |
| Asiasana: | FINANCE TAXATION CAPITAL BUDGETING |
| Kieli: | eng |
| Tiivistelmä: | Differences in the taxation systems in Britain, France, and some other European countries compared with the USA and the Netherlands, among others (which use the classical tax system), mean that the cost of equity capital should be specified, using a capital asset pricing model methodology, in different ways. under the imputation system its value should be net of personal taxes; under the classical tax system, it should gross of personal taxes. Similarly the value of the tax shield on debt for input into adjusted present value calculations differs. |
SCIMA