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ESCUDO FISCAL Y VALUACIÓN CON OPCIONES REALES: ANÁLISIS EN PAÍSES MIEMBROS DE LA OCDE Y LATINOAMÉRICA PARA DIFERENTES SISTEMAS TRIBUTARIOS.

Authors :
Milanesi, Gastón S.
Tennina, Agustina
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