This paper exploits a tax reform on manufacturing firms in China to study the impact of taxes on firm innovation. The reform switched the corporate income tax collection from the local to the state tax bureau and reduced the effective tax rate by 10%. The reform only applied to firms establi...
This study examines the visibility of the GAAP effective tax rate (ETR) in firms' financial statements as a distinct disclosure choice. Applying a game-theory disclosure model for voluntary disclosure strategies of firms to a tax setting, we argue that firms face a trade-off in their ETR ...
The firm's objective is maximal total dividends and the firm's instrument is an investment rate policy. In general it is optimal for the government to start with a low corporate tax rate and to end with a high corporate tax rate. However, the switching time depends on the credibility and...
What is the firm’s weighted-average cost of capital?A. 7% B. 7.9% C. 8.5% D. 10%正确答案:B 分享到: 答案解析: B is corrent. 7.9% = [6% x (1 —.4)] x $10,000,000 / 40,000,000 + (6% x $5,000,000 / 40,000,000) + (10% x $25,000,000 / $40,000,000)....
Assume that a firm has a 40% tax rate and the following capital structure: Amount Cost before tax Debt 10,000,000 6% Preferred equity 5,000,000 6% Common equity 25,000,000 10% 40,000,000 What is the firm’s weighted-average cost of capital? A. 7% B. 7.9% C. 8.5% D. 10...
the firm’s marginal tax rate is in the progressive选择语言:从 到 翻译结果1翻译结果2 翻译结果3翻译结果4翻译结果5 翻译结果1复制译文编辑译文朗读译文返回顶部 公司的边际税率是累进 翻译结果2复制译文编辑译文朗读译文返回顶部 公司的边际税率是在进步 翻译结果3复制译文编辑译文朗读译文返回顶部 该公司的边际...
A firm with a marginal tax rate of 40% has a weighted average cost of capital of 7.11%. The before-tax cost of debt is 6%, and the cost of equity is 9%. The weight of equity in the firm’s capital structure is closest to: A.79%. B.65%. C.37%. 相关知识点: 试题来源: ...
题目 A firm earned $10,000 before interest and taxes, has a 36% tax rate, and has the following debt outstanding: The annual coverage of the firm’s debt is A. 4.57 times. B. 2.92 times. C. 11.85 times. D. 3.57 times. 相关知识点: 试题来源: 解析 A 略 反馈 收藏 ...
Share on Facebook tax rate (redirected fromMarginal effective tax rate) Thesaurus Legal Financial Acronyms Encyclopedia Related to Marginal effective tax rate:Average tax rate n (Economics) the percentage of income, wealth, etc, assessed as payable in taxation ...
The TCJA aimed to increase investment by slashing the tax rate on corporate profits from 35% to 21%, and temporarily allowing companies to deduct capital spending from profits immediately. It was hoped that encouraging firms to add to America’s capital stock would ultimately raise growth and wag...