Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1283552450
9781283552455
9781451920321
1451920326
1462322417
9781462322411
1452778280
9781452778280
9786613864901
6613864900
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| Notes: | Cover title.
"December 2002"--Page 1
At head of title: Fiscal Affairs Department.
Includes bibliographical references (pages 44-45).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper examines the intertemporal effect of corporate income taxation on the investment behavior of a firm that faces imperfect capital markets. It shows that when capital markets are imperfect, the optimizing firm goes through different phases of growth. In this dynamic setting, the effect of a corporate tax on profits varies over time. An increase in the corporate profit tax rate initially reduces investment, but the effect is reversed over time as the firm adjusts its financing policy to the new tax rate.
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| Other form: | Print version: Palomba, Geremia. Firm investment, corporate finance and taxation. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451920321.001
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