Sentence examples for tax shield needs from inspiring English sources

Table 3 displays the denominator of (24) and highlights the number of years for which a tax shield needs to be discounted per cost of debt (r^{ k)}_D) and unlevered cost of capital (r_mathrm{u}), respectively.

Table 2 displays the adjustment of the amount of debt according to the refinancing sequence and highlights the number of years in which a tax shield needs to be discounted using the cost of debt (r^{ k)}_D) and unlevered cost of capital (r_mathrm{u}), respectively.

Table 4 displays the adjustment of the amount of debt according to the refinancing sequence and highlights the number of years in which the tax shield needs to be discounted using the cost of debt (r^{ k)}_D) and the unlevered cost of capital (r_mathrm{u}).

Comparing the second term with Eq. (8) reveals only one difference: the tax shield value at time (Theta) needs to be discounted by the unlevered cost of capital from time (Theta) to t.

Economists refer to this effect as the "debt tax shield".

Because the value of the tax shield is a function of the corporate tax rate, the value of the tax shield goes up as corporate tax rates go up.

The advantage of this "tax shield" is that it reduces companies' overall burden.

But only when they borrow do they get the benefit of a "tax shield".

Cash-hungry entrepreneurs love a tax shield.

end{aligned} (28 Equation (28) defines the total tax shield value as present value of a sequence of tax savings.

The tax shield as present value of debt-related tax savings plays an important role in firm valuation.