TY - JOUR AB - 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. VL - 11 IS - 3 SN - 0025-1747 DO - 10.1108/eb001019 UR - https://doi.org/10.1108/eb001019 AU - Goch Desmond PY - 1973 Y1 - 1973/01/01 TI - FINANCIAL AND LEGAL NOTES T2 - Management Decision PB - MCB UP Ltd SP - 170 EP - 176 Y2 - 2024/05/10 ER -