Imperfect loss offset and the after-tax expected rate of return to equity, with an application to rent taxation

Non-neutral taxation, and in particular imperfect loss offset, is shown to have a strong effect not only on investment decisions, but also on required expected after-tax rates of return to equity. Systematic risk is valued according to the CAPM, while non-linear taxes are valued by option valuation methods.

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Year of publication:	2000
Authors:	Lund, Diderik
Publisher:	Oslo : University of Oslo, Department of Economics
Subject:	Steuerbegünstigung \| Verlust \| Betriebswirtschaftliche Steuerlehre \| Theorie

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Series:	Memorandum ; 2000,21
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	32343990X [GVK] hdl:10419/63026 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010284314