By Benjamin Graham

"All traders, from newbies to outdated palms, should still achieve from using this consultant, as I have."
From the creation via Michael F. expense, president, Franklin Mutual Advisors, Inc.

Benjamin Graham has been referred to as an important funding philosopher of the 20th century. As a grasp investor, pioneering inventory analyst, and mentor to funding superstars, he has no peer.

The quantity you carry on your palms is Graham's undying advisor to analyzing and knowing monetary statements. It has lengthy been out of print, yet now joins Graham's different masterpieces, The clever Investor and Security Analysis, because the 3 important keys to figuring out Graham and cost making an investment.

The suggestion he bargains during this booklet is as important and prescient this present day because it was once sixty years in the past. As he writes within the preface, "if you could have distinctive details as to a company's current monetary place and its previous profits list, you're higher built to gauge its destiny percentages. And this can be the basic functionality and cost of safeguard analysis."

Written simply 3 years after his landmark Security research, the translation of economic Statements will get to the guts of the master's rules on worth making an investment in astonishingly few pages. Readers will learn how to learn a company's stability sheets and source of revenue statements and arrive at a real figuring out of its monetary place and gains list. Graham offers uncomplicated exams any reader can practice to figure out the monetary health and wellbeing and health and wellbeing of any corporation.

This quantity is a precise textual content reproduction of the 1st variation of The Interpretation of economic Statements, released by means of Harper & Brothers in 1937. Graham's unique language has been restored, and readers will be guaranteed that each suggestion and method provided right here looks precisely as Graham meant.

hugely useful and obtainable, it truly is an important advisor for all company people--and makes the fitting spouse quantity to Graham's funding masterpiece The clever Investor.

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1990, I R 24/89, BStBl. II 1991, S. 562 Frotscher, Internationales Steuerrecht, Rdnr. 91 B. 2 Doppel- und Minderbesteuerungen und wirtschaftliche Auswirkungen Nach § 1 Abs. 1 KStG ist eine juristische Person unbeschränkt steuerpflichtig, wenn der Sitz der Gesellschaft (§ 11 AO) oder der Ort der Geschäftsleitung im Inland liegt (ebenfalls in Analogie des sog. Ansässigkeitsprinzip). Ort der Geschäftsleitung ist gem. 34 Im Gegensatz zum Ort der tatsächlichen Geschäftsleitung kommt es bei dem Sitz der Gesellschaft nicht auf die tatsächlichen Umstände, sondern allein auf die gesetzlichen bzw.

II 1992, S. 972 36 Wilke, Internationales Steuerrecht, Rdnr. 814; BGH v. 1994, III ZR 70/93, BGHZE 128, 41, 43 37 Vgl. BGH v. 1986, V ZR 10/85, BGHZE 97, 269, 272 38 Siehe BFH v. 1992, I R 6/92, BStBl. II 1993, S. 222 39 Vgl. dazu Wilke, Internationales Steuerrecht, Rdnr. 815f. und die Ausführungen zu den entsprechenden EuGH Urteilen v. 1999, Rs. C-212/97, IStR 1999, 253 („Centros“) und v. 2002, Rs. C-208/00, IStR 2002, 809 („Überseering“). 40 Siehe BGH v. 2002, II ZR 380/00, BGHZE 151, 204 und BGH v.

Wohnsitz bzw. gewöhnlicher Aufenthalt bei natürlichen Personen sowie Sitz bzw. Ort der Geschäftsleitung bei juristischen Personen. ■ Nationalitätsprinzip Es gibt Fälle, in denen wird an die Staatsangehörigkeit bei natürlichen Personen sowie an den zivilrechtlichen Sitz bei juristischen Personen angeknüpft. Dieses Prinzip findet in Deutschland nur für juristische, nicht aber für natürliche Personen Anwendung. Es gibt auch Staaten, die beide oben genannte Prinzipien gleichzeitig anwenden. 43 ■ Steuergut Bei diesem Kriterium wird der Besteuerungsanspruch eines Staats auch mit dem Bestehen einer sachlichen Beziehung zum Inland gerechtfertigt.

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