Dynamic Behaviour of the Firm Under Dual Income Taxation |
Contents
Introduction | 1 |
Dual Income Tax in a Dynamic Model of the Firm | 19 |
FirmLevel Taxation | 55 |
Copyright | |
4 other sections not shown
Common terms and phrases
accelerated depreciation adjustment path after-tax analysis assume assumption A4.2 basic model capital gains capital income tax chapter co-state variables concave constraint corporate tax cost of capital defined dual income taxation earned income effective tax rate equation Feasible Regimes financial capital financial investment Finland Finnish firm firm's capital stock firm's cost firm's policy first-order conditions fiscal depreciation full imputation graduated dividend taxation graduated taxation growth path growth phase implies imputation system incentive income tax income tax rate increase interest rate internal financing K₁ level of capital linear dividend taxation lower marginal condition marginal tax rate markka maximise Nordic countries old path optimal solution profits q₁ rate of return rate on capital rate on earned real capital regime A3 Regime B3a retained earnings right-hand side satisfied shadow prices shareholders Sinn Sörensen steady-state capital stock tax saving term tion transversality condition