haku: @author Pointon, J. / yhteensä: 7
viite: 4 / 7
| Tekijä: | Pointon, J. |
| Otsikko: | A note on taxation and the leasing discount rates. |
| Lehti: | Journal of Business Finance and Accounting
1993 : JUN, VOL. 20:4, p. 593-597 |
| Asiasana: | TAXATION LEASING DISCOUNT RATE MARKETING THEORY MODELS |
| Kieli: | eng |
| Tiivistelmä: | It is demonstrated that the discount rate for taxes in the traditional formula for the after-tax cost of debt is misspecified for the UK situation. The rationale for this is that in the UK context the annual compound after tax cost of debt, for the nine months after the accounting year end, differs from the annual compound after-tax cost of debt throughout the whole of the accounting period. Several new formulae are derived for the after-tax costs for specific periods, including the accounting period and the tax lag. Iterative solution methods are not required. |
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