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A note on cost of capital formulas

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  • Mikael Ingberg

    (The Research Institute of the Finnish Economy)

Abstract

The purpose of the paper is to analyze the effects of the proposed reform of the Finnish capital income tax code on the user cost of capital. The analysis focuses on the proposed switch from a dividend deduction to an imputation system to eliminate the double taxation of dividends. The novelty of the paper is its focus on some details in the tax code. Thus the effects of a »leaking» co/porate tax system is analyzed as well as the effects of the minimum tax proposed to guarantee that dividends are taxed at least once.

Suggested Citation

  • Mikael Ingberg, 1988. "A note on cost of capital formulas," Finnish Economic Papers, Finnish Economic Association, vol. 1(2), pages 205-215, Autumn.
    • Handle: RePEc:fep:journl:v:1:y:1988:i:2:p:205-215
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    File URL: http://www.taloustieteellinenyhdistys.fi/images/stories/fep/fep19882_6.pdf
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    References listed on IDEAS

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    1. Mervyn A. King & Don Fullerton, 1984. "The United States," NBER Chapters, in: The Taxation of Income from Capital: A Comparative Study of the United States, the United Kingdom, Sweden, and Germany, pages 193-267, National Bureau of Economic Research, Inc.
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