Marginal tax rates under asymmetric taxation

Lutz Kruschwitz; Andreas Löffler

This paper attempts to analytically determine the impact a tax shield (marginal tax rate) has on the value of a levered firm assuming that gains and losses are taxed differently. Previous research has done this by employing empirical methods and simulation studies. We are able to present closed-form solutions for two popular financing policies. Our solutions reveal that the marginal tax rate is a function with an order greater than one.

MoreLess

Year of publication:	2015
Authors:	Kruschwitz, Lutz ; Löffler, Andreas
Publisher:	Berlin : Arbeitskreis Quantitative Steuerlehre (arqus)
Subject:	Grenzsteuersatz \| Marginal tax rate \| Besteuerungsverfahren \| Taxation procedure \| Simulation \| Empirische Methode \| Empirical method

freely available

Full text |

More access options

www.arqus.info

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource (14 S.)
Series:	Disskussionsbeitrag / Arqus, Arbeitskreis Quantitative Steuerlehre. - Berlin : Arqus, ISSN 1861-8944, ZDB-ID 2213024-X. - Vol. 191
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: PDF-Reader
Other identifiers:	hdl:10419/114496 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011305976