Tax and optimal capital budgeting decisions:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot [u.a.]
Ashgate
1999
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XI, 299 S. |
| ISBN: | 184014906X |
Staff View
MARC
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| 650 | 4 | |a Capital budget | |
| 650 | 4 | |a Capital investments | |
| 650 | 4 | |a Corporations - Taxation | |
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| 650 | 7 | |a Vennootschapsbelasting |2 gtt | |
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| 650 | 4 | |a Capital budget |x Mathematical models | |
| 650 | 4 | |a Capital investments |x Mathematical models | |
| 650 | 4 | |a Corporations |x Finance |x Mathematical models | |
| 650 | 4 | |a Corporations |x Taxation |x Mathematical models | |
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
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Record in the Search Index
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| adam_text | Contents
List of Figures vii
List of Tables viii
Acknowledgements xi
1 Introduction 1
2 Capital Investment and the UK Corporate Tax System 5
3 Capital Investment Appraisal 41
4 Tax and Optimal Financing 63
5 Optimisation Models in Capital Budgeting 93
6 The Mathematical Programming Model 109
7 Operational Use of the Model 149
8 Conclusion 253
Appendices
4.1 Lease evaluation example: the after tax cost of debt 259
6.1 Model A 261
6.2 Model B 269
References 289
v
List of Figures
2.1 The relationship between corporation tax and corporate
taxable income 11
3.1 The security market line 52
6.1 Increasing cost of debt as debt/equity ratio increases 127
6.2 A stepped approximation to an increasing cost of debt 128
6.3 Logical relationships that exist between the model s binary
variables 142
vii
List of Tables
2.1 Incremental project value after tax 13
2.2 Effect of tax relief at marginal rate 14
2.3 The effects of a group income election for dividend
payments, with surplus FII 16
2.4 The effects of a group income election for dividend
payments, with no surplus FII 17
2.5 Surplus ACT arising from project acceptance 22
2.6 Project value with no surplus ACT 23
2.7 Effect of loss offset 24
2.8 Effect of loss offset and lower dividend payment 25
2.9 Value of an incremental project with no group relief 28 29
2.10 Value of an incremental project with group relief for
losses 30 31
2.11 Value of an incremental project with group relief for ACT 32 33
2.12 Value of an incremental project with some group relief for
losses and ACT 34 35
2.13 Present value effects of group relief for losses and ACT
on parent and subsidiary 36
2.14 Reconciliation of incremental project values under group
relief for losses and ACT 37
4.1 The lease/purchase decision 84
4.2 The lease/purchase decision for a temporary non taxpayer 85
6.1 Relationships between model variables for profits and
losses 20
6.2 Relationships between model variables for surplus ACT 121
6.3 Example of cost of equity derivation using the Capital
Asset Pricing Model 137
7.1 Expected net present values of projects 167 169
7.2 Data inputs to XPRESS MP 170
7.3 Matrix REC 01: summarised solution output 171
7.4 Matrix REC 02: summarised solution output 171
viii
7.5 Reconciliation of matrices REC 01 and REC 02 172 173
7.6 Data inputs to XPRESS MP, actual rates and limits 174
7.7 Matrix REC 03: summarised solution output 175
7.8 Matrix REC 04: summarised solution output 175
7.9 Reconciliation of matrices REC 03 and REC 04 176
7.10 Reconciliation of matrices REC 03 and REC 04, with no
ACTsetoff 177
7.11 Spreadsheet containing data inputs to XPRESS MP 178 179
7.12 Summarised solution output: MDL01 180 181
7.13 Outcome X, cash flows and net present values of projects 182 184
7.14 Outcome Z, cash flows and net present values of projects 185 187
7.15 Summarised solution output: MDL 02 188 189
7.16 MDL 03 190 191
7.17 MDL 04 192 193
7.18 MDL 05 194 195
7.19 MDL 06 196 197
7.20 MDL 07 198 199
7.21 MDL 08 200 201
7.22 MDL 09 202 203
7.23 Data inputs to XPRESS MP: Variation 1 and Variation 2 204 205
7.24 Summarised solution output: MDL 10 206 207
7.25 Cash flows for a single large project 208 209
7.26 Summarised solution output: MDL 11 210 211
7.27 MDL 12 212 213
7.28 MDL 13 214 215
7.29 MDL 14 216 217
7.30 MDL 15 218 219
7.31 MDL 16 220 221
7.32 MDL 17 222 223
7.33 MDL 18 224 225
7.34 MDL 19 226 227
7.35 MDL 20 228 231
7.36 MDL 21 232 235
7.37 MDL 22 236 239
7.38 MDL 23 240 243
7.39 MDL 24 244 247
7.40 MDL 25 248 251
7.41 The effect of global entity priorities on solution times 252
ix
|
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| spelling | Farrar, Suzanne Verfasser aut Tax and optimal capital budgeting decisions Suzanne Farrar Aldershot [u.a.] Ashgate 1999 XI, 299 S. txt rdacontent n rdamedia nc rdacarrier Budgettering gtt Capital budget Capital investments Corporations - Taxation Kapitaalinvesteringen gtt Vennootschapsbelasting gtt Mathematisches Modell Steuer Capital budget Mathematical models Capital investments Mathematical models Corporations Finance Mathematical models Corporations Taxation Mathematical models Finanzierung (DE-588)4017182-6 gnd rswk-swf Kapitalbudget (DE-588)4163264-3 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Finanzinvestition (DE-588)4417143-2 gnd rswk-swf Steuerrecht (DE-588)4116614-0 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Finanzinvestition (DE-588)4417143-2 s Kapitalbudget (DE-588)4163264-3 s Finanzierung (DE-588)4017182-6 s Unternehmen (DE-588)4061963-1 s Steuerrecht (DE-588)4116614-0 s Mathematisches Modell (DE-588)4114528-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008778966&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Farrar, Suzanne Tax and optimal capital budgeting decisions Budgettering gtt Capital budget Capital investments Corporations - Taxation Kapitaalinvesteringen gtt Vennootschapsbelasting gtt Mathematisches Modell Steuer Capital budget Mathematical models Capital investments Mathematical models Corporations Finance Mathematical models Corporations Taxation Mathematical models Finanzierung (DE-588)4017182-6 gnd Kapitalbudget (DE-588)4163264-3 gnd Unternehmen (DE-588)4061963-1 gnd Finanzinvestition (DE-588)4417143-2 gnd Steuerrecht (DE-588)4116614-0 gnd Mathematisches Modell (DE-588)4114528-8 gnd |
| subject_GND | (DE-588)4017182-6 (DE-588)4163264-3 (DE-588)4061963-1 (DE-588)4417143-2 (DE-588)4116614-0 (DE-588)4114528-8 |
| title | Tax and optimal capital budgeting decisions |
| title_auth | Tax and optimal capital budgeting decisions |
| title_exact_search | Tax and optimal capital budgeting decisions |
| title_full | Tax and optimal capital budgeting decisions Suzanne Farrar |
| title_fullStr | Tax and optimal capital budgeting decisions Suzanne Farrar |
| title_full_unstemmed | Tax and optimal capital budgeting decisions Suzanne Farrar |
| title_short | Tax and optimal capital budgeting decisions |
| title_sort | tax and optimal capital budgeting decisions |
| topic | Budgettering gtt Capital budget Capital investments Corporations - Taxation Kapitaalinvesteringen gtt Vennootschapsbelasting gtt Mathematisches Modell Steuer Capital budget Mathematical models Capital investments Mathematical models Corporations Finance Mathematical models Corporations Taxation Mathematical models Finanzierung (DE-588)4017182-6 gnd Kapitalbudget (DE-588)4163264-3 gnd Unternehmen (DE-588)4061963-1 gnd Finanzinvestition (DE-588)4417143-2 gnd Steuerrecht (DE-588)4116614-0 gnd Mathematisches Modell (DE-588)4114528-8 gnd |
| topic_facet | Budgettering Capital budget Capital investments Corporations - Taxation Kapitaalinvesteringen Vennootschapsbelasting Mathematisches Modell Steuer Capital budget Mathematical models Capital investments Mathematical models Corporations Finance Mathematical models Corporations Taxation Mathematical models Finanzierung Kapitalbudget Unternehmen Finanzinvestition Steuerrecht |
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