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Definition of Asymmetric taxes
A situation wherein participants in a transaction have different net tax rates.
The view that issuing debt is generally valuable but that the firm's
Information that is known to some people but not to other people.
Net income plus depreciation.
A non-cash expense that provides a source of free cash flow. Amount allocated during the
A financial measure defined as revenues less cost of goods sold
The operating profit before deducting interest and tax.
The operating profit before deducting interest, tax, depreciation and amortization.
The amount of payroll taxes owed to the various governments at the end of a period.
taxes paid by consumers when they buy goods and services. A sales tax is an example.
An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working
This measure is used principally by
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