Taxation implications of companies purchasing their own shares

Authors

T E. Cooke
J J. Glynn, University of WollongongFollow

RIS ID

68511

Publication Details

Cooke, T. E. & Glynn, J. J. (1983). Taxation implications of companies purchasing their own shares. Accounting and Business Research, 13 (51), 177-180.

Abstract

This note examines the effect of share repurchase, as a method of cash disbursement, on the value of the firm. With the growing interest in share repurchases we adapt earlier work, produced in the USA, to the context of the UK imputation system of corporation tax.