Leptokurtic frequency distribution and Profits chargeable to Corporation Tax: Difference between pages

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A leptokurtic frequency distribution (or leptokurtotic distribution) has a larger number of values clustered at the peak and in the tails, than a comparable normal distribution with the same variance and mean.
(PCTCT).  


A possible explanation for this shape is that the market under review is mean reverting for small market movements (explaining the clustering at the peak) and trending for large market movements (explaining the clustering in the tails).
1.
 
''UK tax''.
 
Tax adjusted profits of a company excluding franked investment income and after deducting charges and loss relief.
 
 
2.
 
Similarly tax-adjusted profits of a business under other taxation systems.




== See also ==
== See also ==
* [[Frequency distribution]]
* [[Franked Investment Income]]
* [[Leptokurtosis]]
* [[Tax]]
* [[Lognormal frequency distribution]]
 
* [[Mean reversion]]
[[Category:Accounting,_tax_and_regulation]]
* [[Normal distribution]]
* [[Normal frequency distribution]]
* [[Tail]]
* [[Trend analysis]]
* [[Volatility smile]]

Revision as of 13:11, 31 August 2016

(PCTCT).

1.

UK tax.

Tax adjusted profits of a company excluding franked investment income and after deducting charges and loss relief.


2.

Similarly tax-adjusted profits of a business under other taxation systems.


See also