Kort, Peter M.; Wielhouwer, J.; De Waegenaere, Anja - 2000
The focus of this paper is on the e ect of a progressive tax system on optimal tax depreciation. By using dynamic … optimization we show that an optimal strategy exists, and we provide an analytical expression for the optimal depreciation charges …. Depreciation charges initially decrease over time, and after a number of periods the firm enters a steady state where depreciation …
