Betafaktoren Branchenbetas Branchenmultiples Basiszinsrechner Glossar Unternehmensbewertung

Personal taxes

As part of the Tax-CAPM process, the base interest rate is reduced by income taxes imposed on the owner, whereby the withholding tax plus solidarity surcharge at the current rate of 26.375% is used in accordance with the pronouncements of the IDW. The market risk premium of 4.5% represents an after taxes figure