The Treatment Of Companies Under Cash Flow Taxes
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The Treatment Of Companies Under Cash Flow Taxes
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Author : Emil McKee Sunley
language : en
Publisher: World Bank Publications
Release Date : 1989
The Treatment Of Companies Under Cash Flow Taxes written by Emil McKee Sunley and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Capital movements categories.
Cash flow taxes eliminate many of the problems of the corporate income tax, but they have significant administrative, transitional, and international problems, especially for developing countries.
Cash Flow Or Income
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Author : Jack M. Mintz
language : en
Publisher:
Release Date : 1989
Cash Flow Or Income written by Jack M. Mintz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Cash flow categories.
Cash flow and equity income are two alternative bases for company taxation. Before a country implements a cash -flow tax, it must first sort out problems arising from administrative complexities -- particularly tax evasion -- from international tax coordination and competition, and from the problems of transition.
Strategic Corporate Tax Planning
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Author : John E. Karayan
language : en
Publisher: John Wiley & Sons
Release Date : 2002-10-02
Strategic Corporate Tax Planning written by John E. Karayan and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-02 with Business & Economics categories.
A corporate guide to understanding the basic tax implications ofeveryday business Organized to cover the tax implications of transactions as theyoccur through a company's life cycle, the basic principles of taxmanagement are applied through the use of case studies thatsimulate a variety of real-world marketplace conditions.Value-added and financial reporting effects of tax management arediscussed, as well as country-specific tax rules, and cross-bordertransactions. John E. Karayan, JD, PhD (Glendale, CA), is a professor atCalifornia State Polytechnic University, Pomona. He is also apartner in the law firm of Bond Karayan. Charles W. Swenson, PhD (Pasadena, CA), is a professor atthe University of Southern California, Los Angeles, where heteaches a number of courses in accounting and taxation. Over the years, financial professionals around the world havelooked to the Wiley Finance series and its wide array ofbestselling books for the knowledge, insights, and techniques thatare essential to success in financial markets. As the pace ofchange in financial markets and instruments quickens, Wiley Financecontinues to respond. With critically acclaimed books by leadingthinkers on value investing, risk management, asset allocation, andmany other critical subjects, the Wiley Finance series provides thefinancial community with information they want. Written to provideprofessionals and individuals with the most current thinking fromthe best minds in the industry, it is no wonder that the WileyFinance series is the first and last stop for financialprofessionals looking to increase their financial expertise.
Corporate Tax Reform From Income To Cash Flow Taxes
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Author : Benjamin Carton
language : en
Publisher: International Monetary Fund
Release Date : 2019-01-16
Corporate Tax Reform From Income To Cash Flow Taxes written by Benjamin Carton and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-16 with Business & Economics categories.
This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a cash-flow tax. This channel induces the corporate sector to invest more, boosting long-run potential output, GDP and consumption, but crowding out consumption in the short run as households save to build up the capital stock. The second channel is the shift from a taxable base that comprises domestic and foreign revenues, to one where only domestic revenues enter. This leads to an appreciation of the currency to offset the competitiveness boost afforded by the tax and maintain domestic investment-saving equilibrium. The paper demonstrates that spillover effects from the tax reform are positive in the long run as other countries’ exports benefit from additional investment in the country undertaking the reform and other countries’ domestic demand benefits from improved terms of trade. The paper also shows that there are substantial benefits when all countries undertake the reform. Finally, the paper demonstrates that in the presence of financial frictions, corporate debt declines under the tax reform as firms are no longer able to deduct interest expenses from their profits. In this case, the tax shifting results in an increase in the corporate risk premia, a near-term decline in output, and a smaller long-run increase in GDP.
How To Manage Profit And Cash Flow
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Author : John A. Tracy
language : en
Publisher: John Wiley & Sons
Release Date : 2004-09-23
How To Manage Profit And Cash Flow written by John A. Tracy and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-09-23 with Business & Economics categories.
"Finally, a book that provides invaluable hands-on financial and accounting concepts for use by the thousands of frontline business owners and managers battling for survival each and every day. While 'Wall Street' gets the headlines, 'Main Street' gets the job done." -Robert Svet, CEO, President, & Founder, The Eastridge Group of Staffing Companies "In today's competitive business environment, decisions must be made in a quick, reliable, and confident manner. This book provides CEOs, business owners, and managers clear, concise, and easy-to-understand business financial management concepts to make these types of value-added business decisions." -John Atencio, President & Founder, John Atencio Jewelry How to Manage Profit and Cash Flow provides streetwise advice and practical strategies for business managers and other professionals who need to make critical business decisions. From methods for analyzing past and future profit and cash flow information to differences between massaging the numbers and cooking the books, short, to-the-point chapters that are visually appealing will help you see through opaque accounting terminology and allow you to gain a firm grip on how to manage profit and cash flow in your business. Through three comprehensive sections: "Birthing a Business," "Building a Business," and "Selling or Burying a Business," as well as an Accounting and Financial Glossary, How to Manage Profit and Cash Flow discusses key issues, including: * Investing in assets * Preventing fraud * Handling taxes * Raising capital * Finding cash for growth * Terminating a business
Creative Cash Flow Reporting
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Author : Charles W. Mulford
language : en
Publisher: John Wiley & Sons
Release Date : 2005-01-20
Creative Cash Flow Reporting written by Charles W. Mulford and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-20 with Business & Economics categories.
Successful methodology for identifying earnings-related reporting indiscretions Creative Cash Flow Reporting and Analysis capitalizes on current concerns with misleading financial reporting on misleading financial reporting. It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement for more effective analysis, and how to use adjusted operating cash flow to uncover earnings that have been misreported using aggressive or fraudulent accounting practices. Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor of three books, including the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices. Eugene E. Comiskey, PhD, CPA, CMA (Atlanta, GA), is the coauthor of the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices.
Managing Cash Flow
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Author : Rob Reider
language : en
Publisher: John Wiley & Sons
Release Date : 2003-02-17
Managing Cash Flow written by Rob Reider and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-17 with Business & Economics categories.
Provides the tool necessary to determine and evaluate the effectiveness of a corporation's management of cash. Examines how operational activities can affect cash flow management. Shows how effective cash flow management can improve corporate performance and increase shareholder value. Provides an overview of cash management techniques.
Business Taxation And Financial Decisions
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Author : Deborah Schanz
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-10-17
Business Taxation And Financial Decisions written by Deborah Schanz and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-17 with Business & Economics categories.
Managerial decisions are considerably influenced by taxes: e.g. the choice of location, buying or leasing decisions, or the proper mix of debt and equity in the company's capital structure increasingly demand qualified employees in an economic environment that is becoming more and more complex. Due to the worldwide economic integration and constant changes in tax legislation, companies are faced with new challenges – and the need for information and advice is growing accordingly. This book's goal is to identify and quantify possible tax effects on companies' investment strategies and financing policies. It does not focus on details of tax law, but instead seeks to address students and practitioners focusing on corporate finance, accounting, investment banking and strategy consulting.
Taxes And Wacc In Cash Flow Based Npv And Profitability Analyses
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Author : Fredrik Weissenrieder
language : en
Publisher:
Release Date : 2004
Taxes And Wacc In Cash Flow Based Npv And Profitability Analyses written by Fredrik Weissenrieder and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
The purpose of this study is to contribute to the understanding of the complex phenomenon of tax effects in value and profitability analyses. The aim is to examine, describe and evaluate where and how taxes and relevant (for value) tax effects should be considered in value and profitability analysis based on discounted cash flow. This report deals with important and complicated issues:- How should taxes be treated when dealing with value and profitability analysis of the past, today and the future?- How do we incorporate effects from taxes into the framework of value and profitability analysis from a Value Based Management perspective?How to properly deal with tax effects in value and profitability analysis is a difficult question. In some companies, the general opinion is that by neglecting tax effects, they are quot;being carefulquot; - that they take a conservative approach. But, on the contrary, the problem is just being accelerated, which should come as no surprise. The calculation's value is often quot;out of controlquot;, but without the companies knowledge of it.Whatever situation and whatever the aim of an analysis might be, it is important though to be aware of the general problems when dealing with taxes in value and profitability analysis. This report will therefore not cover the entire issue. However, it raises some important issues and presents some potential solutions.A matrix has been developed for pedagogic reasons, the Tax/WACC matrix, displaying all possible and available combinations of tax treatment. By making your choices, you specify your preferred formula for calculating WACC, the outline in the cash flow.
The Influence Of Tax Loss Carry Forwards On The Valuation Of Corporations In The Context Of Acquisitions
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Author : Daniel Ehrmann
language : en
Publisher: GRIN Verlag
Release Date : 2020-09-22
The Influence Of Tax Loss Carry Forwards On The Valuation Of Corporations In The Context Of Acquisitions written by Daniel Ehrmann and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-22 with Business & Economics categories.
Seminar paper from the year 2017 in the subject Business economics - Accounting and Taxes, grade: 1,3, University of Applied Sciences Aalen, language: English, abstract: This paper deals with the influence of tax loss carry-forwards of target companies on their valuation in acquisitions. Under German tax law, losses can be offset with future profits, if certain conditions are met. This makes tax loss carry-forwards an asset, which may influence the corporate value of the target company from the purchaser's persepective. When and how tax loss carry-forwards may impact corporate valuations in the context of acquisitions shall be explained in this paper. The main body of the paper is divided into two parts. The first part includes the theoretical foundations, beginning with a short introduction into the topic of M&A and company valuations for the further clarification of the topic. Afterwards, legal foundations about the treatment of tax loss carry-forwards in case of transactions are presented. The subsequent analysis part includes mainly two qualitative research methods. At first, two expert interviews are conducted to find out how relevant the topic is in practice and how it is practically addressed. At second, the mathematical relationship between tax loss carry-forwards and the corporate value is determined by doing a case study. Thereby, a fictitious corporation is assessed. For a comprehensive research, different cases are considered. During the last decades, mergers & acquisitions have increased substantially in popularity. Their growth in transaction volume and the number of transactions bespeak the importance of this topic. Although theory seems plausible, the success of M&A-transactions does not always meet expectations. On the one hand, this is often owed to unrealistic assumptions, especially overrated hypothetic synergy effects. On the other hand, it origins in the complexity of such transactions.