2.1.6  Tax

 

Variables

Observations

Default Value/Range

 

 

 

Stage 2

Stage 1

 

24. PSC Adjustment Factor

This reflects the additional tax take that accrues to Government under the PFI option in line with the Green Book (  ). Details of how to calculate the input factor value can be found in section 5 of the KPMG report in the supplementary Green Book guidance entitled "Adjusting for Taxation in PFI vs. PSC Comparisons". When referring to this document the simplifying assumption should be made that each project is on revenue account for tax purposes.

N/A

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