Asymmetric Taxation under Incremental and Sequential Investment

Paolo Panteghini

No 717, CESifo Working Paper Series from CESifo

Abstract: This article 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.

Keywords: corporate taxation; real options (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Asymmetric Taxation under Incremental and Sequential Investment (2005)
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