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Thus an analyst could calculate the amount of personal income generated by government spending, private investment, and past consumer spending, adjust for tax payments, and arrive at a good estimate of consumer spending.
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The figures, which are based on properties let through Countrywide's letting agents and income figures from the Office for National Statistics (ONS), adjusted for tax, show that the lowest rents as a proportion of income are found in the east Midlands, where tenants are spending a third of their take-home pay.
Adjusted for tax fraud, Thailand's export growth in 1995 probably was about 12%, instead of 24%.
Adjusted for tax, inventory valuation and capital consumption, corporate profits totaled $1.2 trillion in the third quarter, growing at an annualized rate of 1% from the second quarter.
Unless you are in your late 80s and were an adult as World War II ended, stocks are cheaper, adjusted for tax rates and interest rates, than they've been at any time in your adult life.
In 2013, most Americans had a good bit less money, after adjusting for taxes, than the year before.
Adjusted for taxes, this means that German consumers are paying twenty-six per cent more than Americans for the very same product.
Other issues include, in addition to those in Exhibit IV, the relevance of synergies that were not unique to the buyer, treatment of stock-based compensation in DCF analyses, the use of Barra betas, and whether cash held abroad should be adjusted for taxes payable upon repatriation.
Rather than comparing wage growth and inflation - economists' standard gauge of whether living standards are rising - the Conservatives prefer to focus on real household disposable income, which is adjusted for taxes and benefits, and rose in 2012, according to the ONS.
But, if one assumes he is wrong, and profits in the operating business will be level, and that the overall investments are up 15percentt -- or better than the disclosed investments have done -- the rising stock price means that investors are now paying 33 times pretax earnings for the operating business, and 51 times earnings adjusted for taxes.
According to the latest figures, the average salary of a middle-grade manager, adjusted for taxes and differences in cost of living, is nearly twice as high in France and Germany as in the United Kingdom.(b) In France, industry for a long time did not attract the best people, a failure that was partly responsible for France's delayed industrialisation.
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