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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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Delaware Supreme Court Upholds ‘Entire Fairness’ of a Tesla Acquisition
At issue was a 2016 acquisition of Solar City Corp. by Tesla. Some Tesla shareholders claimed that Musk caused Tesla to overpay for Solar through his alleged domination and control of Tesla’s board. The primary focus of the shareholders was that Solar was insolvent at the time of the acquisition. The court applied the “entire fairness” standard. The Court of Chancery found the acquisition to be “entirely fair.” The Delaware Supreme Court affirmed the Court of Chancery decision.
New FRC guidance confirms lack of substantive changes in corporate reporting and audit during Brexit transition period
The Financial Reporting Council (FRC) and Department for Business, Energy and Industrial Strategy (BEIS) released FRC/BEIS letter on accounting and corporate reporting during transition period and FRC/BEIS letter for auditors during transition period late last month.
INDIANA’S ESOP INITIATIVE
We recently had the privilege and honor of working with Willamette Management Associates and other professionals on the first employee stock ownership plan (ESOP) transaction to close under the new Indiana ESOP Initiative (IEI) program. Richard Mourdock ...
Top Ten List of Factors Industrial and Commercial Taxpayers Should Consider Regarding Property Tax Appeal/Litigation
In recent years, state and local taxing jurisdictions have been hit hard by the impact of (1) decreased tax revenues due to the prolonged economic turndown and (2) reduced funding allocations from the federal government. In response to the recent econom ...
Appeals Court Rejects Consideration of Post-Death Occurrences
In the Estate of Algerine Allen Smith v. Commissioner [Nos. 98-60241, 98-60313 U.S. App. (5th Cir. Dec. 15, 1999)], the Appeals Court overturned a previous Tax Court decision, which had ruled that the Estate of Smith (ôdecedentö) could not deduct $2.48 ...
Property Tax Valuation and Assessment Bibliography
The following bibliographies of books, journal articles, and conference presentations are intended for property tax practi-tioners, including taxpayer representatives, taxing authority representatives, property appraisers, tax accountants, tax lawyers ...
Weaknesses of the Stock and Debt Method in the Property Tax Valuation of Operating Assets
This discussion will describe the conceptual and practical problems associated with the use of the stock and debt method in the unit valuation of centrally assessed taxpayer operating assets. Some taxing jurisdictions use the stock and debt method (alon ...
PONZI SCHEMES AND CLAWBACKS: INVESTORS PAY TWICE FOR THE CRIMES OF OTHERS
In the last few years, many investors have been victims of what amounts to Ponzi-like investment schemes. These investors surely feel that they have suffered enough when they realize that their investments have been fraudulently mismanaged. Many of thes ...
The Use and Misuse of M&A Transactions in Closely Held Business/Stock Valuations for Estate Planning/Estate Tax Purposes
There are numerous reasons to value closely held and fami-ly-owned businesses and business interests within an estate planning context. When asked to estimate the fair market value of a closely held business interest, analysts often rely on the market a ...
The Sport of Kings: Promise and Perils of 21st Century Patent Litigation
The 20-year period of exclusivity that comes with a patent grant creates a powerful economic incentive for innovation. It also creates an incentive to protect those valuable patented products and processes from infringement. But the high costs and unusual ...
Lessons Learned from Judicial Precedent Regarding the Reasonableness of Executive Compensation
An analysis of the reasonableness of executive compensation is appropriate in a number of business circumstances. Many of these circumstances are discussed in the accompanying article, "Issues Related to a Reasonableness of Executive Compensation Analysis ...
Economic Obsolescence Is an Essential Procedure of a Cost Approach Valuation of Industrial or Commercial Properties
First, this discussion presents summary descriptions of the various forms of obsolescence considered in a cost approach valuation. Second, this discussion recommends procedures to help the taxpayer and the taxing authority assessor to recognize the ex ...
Tangible Personal Property Valuation Approaches and Methods
Many states and local taxing jurisdictions impose ad valorem taxation on tangible personal property (ôTPPö). This article will discuss the general approaches, methods, and procedures for valuing TPP for ad valorem taxation purposes. The proper applica ...
Experts Weigh in on Enron and ESOPs
The rise and fall of Enron Corporation has raised serious questions on many issues, including: (1) Securities and Exchange Commission (SEC) oversight of public companies, (2) the veracity of audited financial statements, and (3) the role of employer sto ...
TANGIBLE PERSONAL PROPERTY APPRAISAL ISSUES FOR AD VALOREM TAX PURPOSES
Authored by: James G. Rabe Published in the Summer 2008 Issue of Insights by Willamette Management & Associates ...
IVSC Annual General Meeting sessions continue today at noon
Today’s session is ‘The Big Picture: Economic and Market Outlook,’ featuring Sir Paul Tucker, Kathleen Casey, Allistair Darling, and Andrew Tilton.
An additional 30 June cost of capital data source from the EU
The 8th edition (30 June 2021) of ValueTrust’s “European Capital Market Study” compiles capital market parameters such as cost of capital and implied as well as historical risk premiums for European countries.
2022: S&P Global Inc. report that the IPO market has temporarily moved elsewhere
S&P Capital IQ released their mid-2022 summary of major global capital investment activity Thursday last.
SPGMI/CapIQ expands natural language processing product to quantify market sentiment
S&P Global announced an expansion of Xpressfeed last week so that its London-based market intelligence division could launch Textual Data Analytics (TDA).
Will the ‘Boris Bounce’ increase the value of small and medium-sized enterprises?
In theory, clarification and stabilisation make markets happy, so the current road map to exit should encourage investors.
CAPM cost of capital parameters from STOXX as of Dec. 31, 2020
ValueTrust has released the seventh edition of its “European Capital Market Study,” a comprehensive compilation of capital market parameters such as cost of capital and implied as well as historical risk premiums for European countries.
UK courts refuse another restructuring plan
BVWire—UK has been tracking the fate of restructuring efforts under the UK’s new scheme.
A new generation of financial experts have never done valuation analysis during inflation, Damodaran says
First, the good news: Aswath Damodaran notes that April was the first month since our current inflationary cycle when overall inflation slowed.
What’s the current UK market risk premium?
Finding—and supporting—a precise cost of capital for UK valuations presents many challenges, but a thoughtful analyses by Reuters at least provides some context.
A free model for business valuers to quantify operating value for businesses with real property holdings
Comparability can be a difficult standard when valuing businesses with significant real estate assets used as part of their operating company assets.