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tax shield
A tax shield is the reduction in income taxes that results from taking an allowable deduction from taxable income. For example, because interest on debt is a tax-deductible expense, taking on debt creates a tax shield.〔 Since a tax shield is a way to save cash flows, it increases the value of the business, and it is an important aspect of business valuation. ==Example==
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「tax shield」の詳細全文を読む
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