Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75611
Authors: 
Panteghini, Paolo
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 276
Abstract: 
This article discusses the effects of corporate tax asymmetries under investment irreversibility. We introduce a tax scheme where the tax base is given by the firm's return net of a rate of relief. When the firm's return is less than the imputation rate, however, no tax refunds are allowed. Unlike symmetric tax systems, the scheme proposed is neutral with respect not only to income uncertainty but also to policy uncertainty.
Subjects: 
Corporate taxation
irreversibility
neutrality
uncertainty
Document Type: 
Working Paper

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