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ESCUDO FISCAL Y VALUACIÓN CON OPCIONES REALES: ANÁLISIS EN PAÍSES MIEMBROS DE LA OCDE Y LATINOAMÉRICA PARA DIFERENTES SISTEMAS TRIBUTARIOS.
- Source :
-
Revista Chilena de Economía y Sociedad . Dic2022, Vol. 16 Issue 2, p16-41. 26p. - Publication Year :
- 2022
-
Abstract
- Usually, tax shields are determined like a perpetuity, through Modigliani-Miller or Miller expressions. These are based on classic tax systems, like United States. For this, a valuation model that captures the value of the firms and tax shields' contingent nature is proposed, supposes continuity - liquidation scenarios, for different tax systems. Next, with a basis in OCDE and Latin America countries are compared firma value, tax shields and taxation. Later, for integrated systems, the contingent model on different tax shields estimation model is applied. It is concluded the importance of adjust the tax shield to existing tax systems and the uses of valuation contingent models. [ABSTRACT FROM AUTHOR]
Details
- Language :
- Spanish
- ISSN :
- 07183933
- Volume :
- 16
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Revista Chilena de Economía y Sociedad
- Publication Type :
- Academic Journal
- Accession number :
- 163596391