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Asymmetric Taxation under Incremental and Sequential Investment Author info | Abstract | Publisher info | Download info | Related research | Statistics PAOLO M. PANTEGHINI
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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. Copyright 2005 Blackwell Publishing Inc..
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Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory .
Volume (Year): 7 (2005)
Issue (Month): 5 (December)
Pages: 761-779
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Handle: RePEc:bla:jpbect:v:7:y:2005:i:5:p:761-779Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Michele Moretto & Paolo M. Panteghini & Carlo Scarpa, 2007.
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Michele Moretto & Paolo M. Panteghini & Carlo Scarpa, 2006.
"Profit Sharing and Investment by Regulated Utilities: A Welfare Analysis ,"
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