La déduction des intérêts notionnels et son impact sur le coût du capital

Nathalie Eyckmans, Olivier Meunier, Michel Mignolet

    Research output: Contribution to journalArticle

    Abstract

    Through the legislation of notional interests, the Belgian public authorities aim at reducing the tax discrimination between equity funding and debt. What is the impact of such a legislation on firms' cost of capital? The effective taxation literature - and its key parameter, called the cost of capital - provides us with a useful framework in order to answer this question. We assume the case of a firm financed by an individual, both residing in Belgium.
    Original languageFrench
    Pages (from-to)98-101
    Number of pages4
    JournalRevue bancaire et financière
    Volume2
    Publication statusPublished - 2006

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