Asymmetric Taxation under Incremental and Sequential Investment

Paolo Panteghini

Journal of Public Economic Theory, 2005, vol. 7, issue 5, 761-779

Abstract: 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.

Date: 2005
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https://doi.org/10.1111/j.1467-9779.2005.00243.x

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Working Paper: Asymmetric Taxation under Incremental and Sequential Investment (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:7:y:2005:i:5:p:761-779

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