Corporate Tax

Dec '0713

WACC: Practical Guide for Strategic Decision- Making - Part 8

Increasing Shareholder Value by Utilizing Tax Opportunities

The WACC is a calculation of the ‘after-tax’ cost of capital where the tax treatment for each capital component is different. In most countries, the cost of debt is tax deductible while the cost of equity isn’t, for hybrids this depends… read more


Dec '0712

WACC: Practical Guide for Strategic Decision- Making - Part 3

Hybrids, Expensive Debt or Cheap Equity?

Hybrids are financial instruments that combine certain elements of debt and equity. Examples are preferred equity, convertible bonds, subordinated debt and index-linked bonds. For the issuers, hybrid securities can combine the best features of both debt and equity: tax deductibility for… read more


Dec '0711

WACC: Practical Guide for Strategic Decision-Making - Part 1

Is Estimating the WACC Like Interpreting a Piece of Art?

This seven-part series, authored by Zanders consultants, provides CFOs and corporate treasurers with a better understanding of the weighted average cost of capital (WACC), which is recognized as one of the most critical parameters in strategic decision-making. The series highlights strategies… read more

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Client Cases

Nationale-Nederlanden

tightens its grip on risks

financial institutions, risk management

Netherlands State Treasury Agency

Going the extra mile for the national treasurer

public sector, treasury management, financing, treasury, publieke sector