Asymmetric Taxation under Incremental and Sequential Investment

This paper discusses the effects of an asymmetric tax scheme on incremental and sequential investment strategies. The tax base is equal to the firm's return, net of an imputation rate. When the firm's return is less than this rate, however, no tax refunds are allowed. This scheme is neutral under both income and capital uncertainty. Copyright 2005 Blackwell Publishing Inc..

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Year of publication:	2005
Authors:	PANTEGHINI, PAOLO M.
Published in:	Journal of Public Economic Theory. - Association for Public Economic Theory - APET, ISSN 1097-3923. - Vol. 7.2005, 5, p. 761-779
Publisher:	Association for Public Economic Theory - APET

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005215794