A common assumption in the economic literature when measuring the effective rate of corporation taxation or estimating the cost of capital is that all the tax incentives can be utilized by the firms in the period that the incentives are legally available to them. For this assumption to hold...

I see my function at this Conference as giving some background as to why the Department of Finance Tax Policy Group, and also the political decision-makers, ended up considering the BTT as an option for replacement of the Manufacture's Sales Tax (MST). There is one facile answer to that...

This paper evaluates the efficiency of flow-through shares as an after-tax financing instrument. This instrument was designed to assist non-taxable mining and petroleum companies in benefiting from various tax incentives given to these sectors. Efficiency is measured here as the ratio of the...