Note on Taxes, Corporate Financial Policy and the Cost of Capital to the Firm (Classic Reprint) - Couverture souple

Farrar, Donald Eugene

9781334431036: Note on Taxes, Corporate Financial Policy and the Cost of Capital to the Firm (Classic Reprint)

Couverture souple

ISBN 10 : 1334431035 ISBN 13 : 9781334431036

Editeur : Forgotten Books, 2018

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Explore how taxes shape corporate finance and share value, with practical models you can follow. The book analyzes how corporate and personal taxes affect debt and dividend decisions and the cost of capital, using a series of cases to compare tax environments and policy choices. It blends theory with structured scenarios to show where policy choices can shift investor outcomes.

Readers will gain a clear view of how different tax structures influence optimal debt and payout strategies, and how these choices interact with market value and investment decisions. The work frames arguments around Modigliani and Miller’s ideas, then tests them under corporate taxes, personal taxes, and capital gains contexts.

Understand how corporate and personal taxes can alter the value of debt vs. equity financing.

See how dividend versus capital gains treatment affects investor disposable income.

Compare scenarios with no taxes, corporate taxes, and differential personal taxes to see where policies diverge.

Learn how tax considerations interact with debt policy and payout choices in practice.

Ideal for readers of corporate finance, taxation, and policy discussions who want a clear, case-based view of how tax rules influence capital costs and payout decisions.

Les informations fournies dans la section � Synopsis � peuvent faire r�f�rence � une autre �dition de ce titre.

�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1334431035
ISBN 13: 9781334431036
Reliure: Broch�
Nombre de pages: 53
Coordonn�es du fabricant: Copytech (UK) Ltd, Trading as Printondemand-worldwide.com
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Note on Taxes, Corporate Financial Policy and the Cost of Capital to the Firm

Donald Eugene Farrar, Lee Lawrence Selwyn

Edit� par Forgotten Books, 2018

ISBN 10 : 1334431035 ISBN 13 : 9781334431036

Neuf Paperback

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book explores the impact of taxes on corporate financial policies and the cost of capital. The author argues that in the absence of taxes, financial decisions like debt and dividend policies should not affect a firm's value or cost of capital, as investors can recreate any financial package on their own. However, the introduction of taxes, specifically corporate income taxes, creates an incentive for firms to hold as much debt as possible to take advantage of the tax shield. The book extends this analysis to consider the impact of differential personal income and capital gains taxes, finding that these factors also influence optimal debt and dividend policies. The author presents a series of increasingly complex tax structures and examines their impact on a hypothetical corporation's financial policies, providing insights into the interplay between taxes, financial decisions, and the cost of capital. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781334431036_0

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