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Income Tax Effects on Asset Valuation and Managerial Analysis
Author(s) -
CHEUNG JOSEPH K.
Publication year - 1992
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1992.tb00272.x
Subject(s) - valuation (finance) , economics , deferred tax , asset (computer security) , monetary economics , business , state income tax , gross income , public economics , accounting , tax reform , computer security , computer science
Under an income tax structure that treats profits and losses unequally, the tax function is non‐linear. This note examines how this non‐linearity affects asset valuation and related managerial analyses.