Fabling, Richard; Gemmell, Norman; Kneller, Richard; … - Treasury, Government of New Zealand - 2013
Effective marginal tax rates (EMTRs) can be very different from the statutory rate and vary across firms, reflecting such factors as the extent and nature of taxable deductions (losses, depreciation), asset and ownership structures, and debt/equity financing. We estimate firm-specific EMTRs and...
