Tax shields, financial expenses and losses carried forward
نویسندگان
چکیده
منابع مشابه
Optimal tax depreciation with losses carried forward
The choice of depreciation method from among straight-line and accelerated methods can have a significant impact on the present value of expected tax payments. This is a problem that has been studied for decades, with most results indicating the optimality of accelerated methods. Recent research has begun to question this claim by relaxing one of the original assumptions ofpositive taxable inco...
متن کاملThe value of tax shields IS equal to the present value of tax shields
Fernandez (2004b) argues that the present value effect of the tax saving on debt cannot be calculated as simply the present value of the tax shields associated with interest. This contradicts standard results in the literature. It implies that, even though the capital market is complete, value-additivity is violated. As a consequence, adjusted present value formulae of a standard sort cannot be...
متن کاملTax Simplification and Financial Markets
Four tax reforms have been proposed in recent years: BradleyGephardt, Kemp-Kasten, Treasury I and Treasury II. These reforms seek to improve economic efficiency by taxing different capital assets and sources of income more equally. Each reform is purported to be revenueneutral from the perspective of the U.S. Treasury ,and distributionally neutral across households. While this alleged neutralit...
متن کاملElectromagnetic Losses in Magnetic Shields for Buried High Voltage Cables
The electromagnetic losses and shielding efficiency of shields for a buried three phase high voltage cable are studied for several shielding configurations. The shields are U-shaped gutters covered with plates, and the power cables are positioned either in trefoil or in flat configuration. The shielding efficiency and the losses are compared for shields with the same geometry but several shield...
متن کاملFinancial Transaction Tax and Financial Market Stability with Diverse Beliefs
This papers studies the impact of a financial transactions tax on the trading volume and asset price volatility in a model with heterogeneous beliefs. To model heterogeneous beliefs we follow Kurz (1994, 1997) and restrict the class of beliefs to the subset of rational beliefs. We study a tax on bond and asset purchases. The simulated model shows that the introduction of a transaction tax resul...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Cuadernos de Economía
سال: 2016
ISSN: 2248-4337,0121-4772
DOI: 10.15446/cuad.econ.v35n69.54352