Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63026 
Authors: 
Year of Publication: 
2000
Series/Report no.: 
Memorandum No. 2000,21
Publisher: 
University of Oslo, Department of Economics, Oslo
Abstract: 
Non-neutral taxation, and in particular imperfect loss offset, is shown to have a strong effect not only on investment decisions, but also on required expected after-tax rates of return to equity. Systematic risk is valued according to the CAPM, while non-linear taxes are valued by option valuation methods.
Document Type: 
Working Paper

Files in This Item:
File
Size
126.01 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.