Arbeitspapier
Marginal tax rates under asymmetric taxation
This paper attempts to analytically determine the impact a tax shield (marginal tax rate) has on the value of a levered firm assuming that gains and losses are taxed differently. Previous research has done this by employing empirical methods and simulation studies. We are able to present closed-form solutions for two popular financing policies. Our solutions reveal that the marginal tax rate is a function with an order greater than one.
- Language
-
Englisch
- Bibliographic citation
-
Series: arqus Discussion Paper ; No. 191
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Kruschwitz, Lutz
Löffler, Andreas
- Event
-
Veröffentlichung
- (who)
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Arbeitskreis Quantitative Steuerlehre (arqus)
- (where)
-
Berlin
- (when)
-
2015
- Handle
- Last update
- 10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kruschwitz, Lutz
- Löffler, Andreas
- Arbeitskreis Quantitative Steuerlehre (arqus)
Time of origin
- 2015
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