WACC and a Generalized Tax Code

U. of Hannover, FB Wiwi, Diskussionspapier 243 (2001)

8 Pages Posted: 10 Oct 2001  

Sven Husmann

Free University of Berlin (FUB)

Lutz Kruschwitz

Free University of Berlin (FUB) - Department of Business and Economics

Andreas Loeffler

Freie Universit├Ąt Berlin

Date Written: October 6, 2001

Abstract

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

Husmann, Sven and Kruschwitz, Lutz and Loeffler, Andreas, WACC and a Generalized Tax Code (October 6, 2001). U. of Hannover, FB Wiwi, Diskussionspapier 243 (2001). Available at SSRN: https://ssrn.com/abstract=286427 or http://dx.doi.org/10.2139/ssrn.286427

Sven Husmann

Free University of Berlin (FUB) ( email )

Reichpietschufer 50
FB Wirtschaftswissenschaft
D-10785 Berlin
Germany

Lutz Kruschwitz

Free University of Berlin (FUB) - Department of Business and Economics ( email )

Boltzmannstrasse 20
D-14195 Berlin, 14195
Germany
+49 30 838-54631 (Phone)
+49 30 838-54468 (Fax)

Andreas Loeffler (Contact Author)

Freie Universit├Ąt Berlin ( email )

Boltzmannstr. 20
Berlin, 14195
Germany

HOME PAGE: http://www.andreasloeffler.de

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