In Germany, profits for 2000 were taxed at 40% if they were paid out and 30% if

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In Germany, profits for 2000 were taxed at 40% if they were paid out and 30% if reinvested. What rate should be used when making an investment decision?

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Corporate Finance Theory And Practice

ISBN: 9780470721926

2nd Edition

Authors: Pierre Vernimmen, Pascal Quiry

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