Pointon, John; Farrar, Suzanne; Tucker, Jon - In: The European Journal of Finance 2 (1996) 1, pp. 57-76
A simulated study is conducted of the relative tax incentives to capital investment in Europe. For 1994 required pre-tax rates of return vary from 8.5% for plant and machinery investments in Spain to l3.8% for commercial property in Ireland. Within investment categories, however, the spreads...