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Use the following information to answer the question(s) below.
Google Corporation has no debt on its balance sheet in 2008,but paid $1.6 billion in taxes.Assume that Google's marginal tax rate is 35% and Google's borrowing cost is 7%.
-Assume that investors in Google pay a 15% tax rate on income from equity and a 35% tax rate on interest income.If Google were to issue sufficient debt to reduce its corporate taxes by $1 billion per year permanently,then the value that would be created is closest to:
Identity Theft
When criminals obtain personal information that allows them to impersonate someone else in order to use their credit to obtain financial accounts and make purchases.
Identity Theft
The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.
Personal Information
Data related to an individual that can identify them, such as name, address, email, and financial details.
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