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Kapitalstrukturentscheidung und Unternehmensteuern

Kapitalstrukturentscheidung und Unternehmensteuern


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About the Book

Inhaltlich unveränderte Neuauflage. Die Unternehmensteuerreform ist durch den Bundestag verabschiedet wor-den und soll nach Zustimmung durch den Bundesrat Anfang 2008 in Kraft tre-ten. Damit wird der kombinierte Unternehmensteuersatz aus Körper-schaft- und Ge-werbesteuer sowie Solidaritätszuschlag von durchschnittlich 39% auf un-ter 30% abgesenkt. Zur Gegenfinanzierung wird u.a. eine Zins-schranke ein-ge-führt, die die bisher zumindest im Rahmen der Körper-schaftsteuer geltende Ab-zugsfähigkeit von Fremdkapitalzinsen einschränkt. Dieser Aspekt wird aber als ei-ne wesentliche Determinante der Kapitalstruktur-ent-scheidung gesehen. Die Ar-beit zeigt daher zunächst den grundlegenden Einfluss der betrieblichen Steu-ern auf die Kapitalstrukturentscheidung auf. Insbesondere werden die un-ter-schiedlichen theoretischen Erklärungsansätze dargestellt und anhand ver-schiedener empirischer Untersuchungen erläutert. Abschließend werden dann Anpassungsreaktionen der Unternehmen auf die Unter-nehmensteuerreform aufgezeigt. Hierbei wird außerdem eine Mög-lichkeit zur Integration der vorgeschlagenen Zinsschranke in die gängi-gen DCF-Bewertungsverfahren APV und WACC aufgezeigt. Anhand von Bei-spiel-unternehmen kann dann die praktische Relevanz dargestellt und verdeutlicht werden.


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Product Details
  • ISBN-13: 9783639412185
  • Publisher: KS Omniscriptum Publishing
  • Publisher Imprint: AV Akademikerverlag
  • Height: 229 mm
  • No of Pages: 116
  • Spine Width: 7 mm
  • Width: 152 mm
  • ISBN-10: 3639412184
  • Publisher Date: 16 May 2012
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Weight: 231 gr


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