WACC and a Generalized Tax Code

Sven Husmann, Lutz Kruschwitz and Andreas Löffler

Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

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 artificial tax system incorporating most of the G-7 national tax codes as for example the classical or the imputation systems. On our website (www.wacc.de) WACC formulas according to many of the actual G-7 national tax codes can be found.

Keywords: Valuation; Tax; WACC (search for similar items in EconPapers)
Pages: 8 pages
Date: 2001-10
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