Vliv daní na finanční rozhodování společnosti

Abstract

Thesis „Impact of Taxes on Corporate Financial Decision“ is focused on an assessing of a tax influence on financial decision of a company and on a particular example of comparison of profitability of providing a commercial vehicle for business purposes by using leasing and credit. The solution is a fact which alternative of financing is more profitable in this particular case. The influence of taxes on financial decision of a company in this thesis is shown in two model examples. The solution shows that the influence of income tax reduces the net present value of the project. When is the rate of this tax lower, is then is profitable to implement the planned financial project. When deciding between providing commercial vehicle by using leasing or credit it must especially taken into account the administrative intensity of obtaining leasing and credit, tax incidence for business and legal effect. The key area is the financial performace of the acquisition. In this case, the profitability of leasing and credit was compared by using the method of discounted expenses and the method of net profitability of leasing. In conclusion and on the fact I would recommend to company Anodus CZ to utilized services of the Czechoslovak Trade Bank and open the specific loan at this institution.