Business Taxation and Financial Decisions [Paperback]

Managerial decisions are considerably influenced by taxes: e.g. the choice of location, buying or leasing decisions, or the proper mix of debt and equity in the company's capital structure increasingly demand qualified employees in an economic environment that is becoming more and more complex. Due to the worldwide economic integration and constant changes in tax legislation, companies are faced with new challenges  and the need for information and advice is growing accordingly. This book's goal is to identify and quantify possible tax effects on companies' investment strategies and financing policies. It does not focus on details of tax law, but instead seeks to address students and practitionersfocusing on corporate finance, accounting, investment banking and strategy consulting.

Many business managerial decisions are influenced by taxes. This text identifies and quantifies possible tax effects on investment strategies and financing policies of national and multinational companies. It includes case studies, exercises and tables.

Part I: Introduction to Investment Decision Making: Introduction to Tax Planning; Principles of Investment Decision.- Part II: Integrating Taxation into Investment Decision Making: Integrating Income Taxes into Finance; Tax Facts; Neutral Income Tax Systems; Introduction to Business Taxation; Extensions of the Standard Model; Standard Model of Business Valuation; Taxation and Financing Decisions.- Solutions.

Deborah Schanz holds the chair of Taxation and Accounting at WHU  Otto Beisheim School of Management. She studied in Germany and Great Britain and holds a PhD from the University of T?bingen. She completed her Habilitation at the University of Graz (Austria). Professor Schanz gained practical experience as consultant with a big four auditing company. She publishes articles in refereed journals and in practical journals. She has received several awards for her publications and teaching. &llƒ2