If one wants to evaluate the impact of an income tax on the value of a project or a firm the so called standard model … factor (1-s) where s is the income tax rate (assumed to be constant and deterministic). In this paper this Johannson model is … after taxes cannot hold. Then an alternative approach for incorporating an income tax into the NPV calculus is discussed …

own tax burden and its effect on economicdecisions. Six strands of literature are discussed: (1) perception of marginal … taxrates, (2) influence of tax complexity on tax perception, (3) taxation andincentives to work, (4) tax salience, (5) tax …

A neoclassical growth model is augmented by a corporate sector, financial intermediation, and a set of tax rates. In … this setting, capital structure is determined by the interplay between an advantage of debt finance resulting from the tax … system and a disadvantage resulting from asymmetric information and the entailed agency costs. Effects of capital tax reforms …

-material values over material things. We incorporate this notion into a simple tax model for a small open economy. We show that a … postmaterialism are developed from the World Values Surveys. Their impact on the tax mix is highly significant and goes into the …

Macroeconomic studies of tax policy in dynamic general equilibrium usually assume that reforms hit the economy … corporate tax cut, for example, is estimated to be around 10 percent of the total gain from the reform. We show that adjustment … reform comes expected or not. We are also able to demonstrate a genuine welfare gain from temporary tax cuts. Impulse …

, agency costs and tax benefits of corporate debt are equalizing each other, which renders an institutionally based explanation …