The article presents the opportunity to optimize the value of transnational companies. These companies raise capital in equity markets with low-risk premiums- primarily on U.S. and UK stock exchanges. Thus they reduce cost of raising capital. On the other hand, very often they take the option of paying taxes in tax havens. This way they reduce the tax liability and increase net profit. This means an increase in equity of net profitability of these companies, and thus, at a low cost of capital rise, maximizing the value of the shareholders' assets.
Szkola Glowna Handlowa, Kolegium Zarzadzania i Finansow, Katedra Teorii Systemu Rynkowego, Al. Niepodleglosci 162, 02-554 Warszawa, Poland
Pawel Wieprzowski, Szkola Glowna Handlowa, Kolegium Zarzadzania i Finansow, Katedra Teorii Systemu Rynkowego, Al. Niepodleglosci 162, 02-554 Warszawa, Poland
Publication order reference
CEJSH db identifier