| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP684 |
| DP684 Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach | |
| Sweder van Wijnbergen; Antonio Estache | |
| 发表日期 | 1992-06-30 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | King-Fullerton methodology cannot assess the minimum-asset tax (MAT) because it cannot handle uncertainty. We present an alternative based on option pricing, and show how carry-over rules, depreciation conventions and uncertainty affect the MAT burden. Using Brazilian data, we show that: (a) because of the high intersectoral variance of capital intensity, the MAT does not reduce sectoral distortions; and (b) while high variance raises the MAT burden, high risk firms are not hit harder by the MAT: high-risk firms also have a high rate of return, which reduces the impact of the MAT. |
| 关键词 | Brazil Minimum asset taxes Option pricing Tax incentives Uncertainty |
| URL | https://cepr.org/publications/dp684 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529834 |
| 推荐引用方式 GB/T 7714 | Sweder van Wijnbergen,Antonio Estache. DP684 Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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