FINANCIAL AND LEGAL NOTES

Abstract

Price/Earnings Ratios When the United Kingdom changed from a two‐tier system of company taxation (Income Tax and Profits Tax) to a single‐tier Corporation Tax in 1965, the investment community simultaneously adopted the American‐style price/earnings ratio as the standard yardstick for measuring the relative values of share prices.

Citation

Goch, D. (1973), "FINANCIAL AND LEGAL NOTES", Management Decision, Vol. 11 No. 3, pp. 170-176. https://doi.org/10.1108/eb001019