A theoretical evaluation of the Swedish corporate tax reform act of 1994
AbstractThis paper studies the implications of the Swedish tax reform of 1994, by explicitly modeling some unusual features of the tax code such as the Annell deduction and the tax equalization reserve (SURV). The paper is about the effects of tax policy on corporate investment and financial structure. Financial preferences are derived using pairwise comparisons, and the weighted average cost of capital is evaluated. This is done by allowing for endogenous adjustment in the firm's financial choices. This paper demonstrates how theoretical and numerical analysis can be combined to evaluate the overall effects of simultaneous changes in several tax parameters.
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Bibliographic InfoArticle provided by Finnish Economic Association in its journal Finnish Economic Papers.
Volume (Year): 10 (1997)
Issue (Month): 2 (Autumn)
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
- G39 - Financial Economics - - Corporate Finance and Governance - - - Other
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
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- Hovick Shahnazarian, 2009. "Does Tax Debt Capacity Matttter?," Finnish Economic Papers, Finnish Economic Association, vol. 22(1), pages 21-30, Spring.
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