Sensitivity Analysis on Company Taxation and Related Factors

摘要：

This paper analyses the factors such as fixed and intangible assets investment,unit sale price,unit business cost,current capital and produced quantity,they influence the cash flows of the project.Based on considering their intrinsic relationships,making use of the evaluation index Net Present Value (NPV),the general expressions of the Maximal Allowable Change Scope (MACS) of the factors are obtained by NPV=0.The cushion effect of taxes and special fund is illustrated by an example.The MACS of every factor is greater when the taxes and/or special fund are considered,and the MACS is smaller when the taxes and/or special fund dont be considered,but the sensibility order of the factors is not related to whether considering the taxes and special fund or not.

关键词： Tax Sensitivity Influence Factor NPV MACS

作者: XIAO Yuejun ZHAO Li

作者单位: School of Architecture & Civil Engineering,China University of Mining & Technology,P.R.China,221008

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 2278-2283

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）