ENTERPRISE VALUE OPTIMIZATION WITH THE USE OF TAX HAVENS (Optymalizacja wartosci przedsiebiorstw miedzynarodowych z wykorzystaniem rajow podatkowych)

• Authors: Wieprzowski Pawel T. , Wieprzowski Piotr
• Languages of publication: PL

Abstracts

EN

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.

Keywords

EN

CAPM MODEL; CORPORATE INCOME TAX; COST OF CAPITAL; COUNTRY RISK PREMIUM; GORDON MODEL; MARKET RISK PREMIUM; RISK FREE INTEREST RATE; TAX HAVENS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2011
• Volume: 14
• Issue: 1(50)
• Pages: 72-81
• Document type: ARTICLE

Contributors

author

Wieprzowski Pawel T.

author

Wieprzowski Piotr

• 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

Identifiers

CEJSH db identifier

11PLAAAA092714