Purchase the Training Pack ($99.00)
to get the recording, transcript, and presentation materials for this webinar in a single download. Please allow up to 30 days after the webinar for the Training Pack to be available.
As Nancy Fannon points out, "the area of pass-through entity valuation and the effect of taxes on value has been a topic that has confounded valuation analysts for about nine or ten years now." Indeed, it has been a problem without a solution in sight, particularly given the lack of data and studies on the subject within the business valuation community. Through groundbreaking research, Nancy has compiled a new collection of studies that address this previously unresolved area of valuation.
In "The Effect of Taxes on Value in Private Capital Markets" Nancy will present the findings of academic research on the effect of taxes on value, set to be released in a Guide of the same title. This 100-minute discussion will cover the results of years of study by researchers and the substantive evidence provided by numerous studies regarding tax affects. This presentation will have a lasting impact on anyone concerned with private market valuation. This opportunity to hear about this new research should not be missed.
Program Agenda
Introduction
Discussion of the academic literature relating to the impacts of shareholder taxes on value in the public market
Empirical data related to shareholder taxes embedded in public market returns
The development of the cost of capital and how and why shareholder taxes are integral to modeling effects of shareholder taxes
Incorporating public market research into private market valuation models
Factors that mitigate the affect of shareholder taxes on value
The impact of institutional investors; investor and firm behavior in response to tax policy; changing tax regimes
Consideration of form of private entity when adjusting shareholder taxes from public market returns
Legal, regulatory, capital constraints, income taxes (including that S corporations bear the highest income tax burden), etc.
Q&A and conclusion
Learning Objectives
Learn the academic literature relating to the impact of shareholder taxes on value
Understand relevance of academic findings in the public market to private market valuation
Understand the direction this research indicates for the pass-through entity debate
BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many
times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.
Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:
Recordings and transcripts of the presentation
All presentation visual aids and handouts
All ancillary reading materials suggested by our presenters
If you are ordering a Training Pack after the four week window, the download link will be sent to you immediately via email. Please
check your spam folder and add customerservice@bvresources.com to your “safe list”
to ensure you receive your Training Pack.
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.
