First published in 1999, this volume responds to the system of corporate taxation in the UK and aims to develop mathematical programming models which determine the optimum combination of investment decisions and financing methods for capital budgeting on a post-tax basis, incorporating specific important areas not previously examined in the literature. Suzanne Farrar also aims to achieve operational experience of these models, in order to gain insights into the impact of taxation on project appraisal in complex situations where several potentially distorting tax effects operate simultaneously, and the general practical feasibility of operational use. Beginning with capital investment and the UK Corporate Tax System, Farrar moves onto capital investment appraisal, tax and optimal financing, optimisation models in capital budgeting, the mathematical programming model and operational use of that model.
Table of Contents
1. Introduction. 2. Capital Investment and the UK Corporate Tax System. 3. Capital Investment Appraisal. 4. Tax and Optimal Financing. 5. Optimisation Models in Capital Budgeting. 6. The Mathematical Programming Model. 7. Operational Use of the Model. 8. Conclusion.
Suzanne Farrar (Author)