Wacc and a Generalized Tax Code
U. of Hannover, FB Wiwi, Diskussionspapier 243 (2001)
8 Pages Posted: 10 Oct 2001
Date Written: October 6, 2001
We extend the WACC approach to a tax system having a firm income tax and a personal income tax of the investor as well. We use an artifical tax system incorporating most of the G-7 national tax codes as for example the classical or the imputation systems.
On our website http://www.wacc.info WACC formulas according to many of the actual G-7 national tax codes can be found.
Keywords: WACC; Leverage ratio; Tax shield
JEL Classification: G31, H34
Suggested Citation: Suggested Citation