避税效应

通过分析现代资本结构理论，得到了负债经营可为电力企业带来避税效应和财务杠杆利益的启示。

The inspiration from the theory of modern capital structure is that indebtedness can bring tax avoidance and income from financial leverage to electric enterprises .

管理层收购所带来的高负债还从避税效应和减少现金流代理成本两方面增强了企业的竞争力。

After MBO , the high debt burden can improve the competition of the firm by tax shield and by reducing agency cost of free cash flow .

他们假设存在公司所得税，发现负债有避税效应，能降低企业加权平均资本成本，提高企业价值。

It assumes there existing a corporate income tax , they found that the liabilities have the effect of tax avoidance . The effect could reduce the weighted average cost of capital , and then improve the value of the corporate .

进口避税的价格效应使进口商获得了额外的利润。

As the price effect of import tax evasion brings extra profits , importers often evade the tax by utilizing the complexity of determining the duty-paid value and the discrepancies between import tariff rates .