Increase in InvestmentForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Increase in InvestmentThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts June 8, 2017 at 7:11 am #391699 huiwennMemberTopics: 6Replies: 12☆Hi there, I am confused on the incremental working capital should minus off before or after applying tax rate under M&A topic.Eg : Question Anatra Co (Sept/Dec 2015) vs Nante Co ( June 2012)their incremental working capital placed differently which arise different tax expenses. June 8, 2017 at 7:56 am #391721 John MoffatKeymasterTopics: 56Replies: 53888☆☆☆☆☆Working capital has no effect on the tax.In both of these questions the tax has been calculated on the cash flows before the extra investment required.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Increase in Investment’ is closed to new replies.