Depreciation provisions and investment incentives under full imputation
Matt Benge, Australian National University. Faculty of Economics and Commerce, Australian National University. Research School of Social Sciences. Economics Program
Faculty of Economics & Commerce, and Economics Program, Research School of Social Sciences, Australian National University, 1997 - Capital cost - 43 pages
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accelerated depreciation after-tax dividends AGPS analysed asset assumed assumptions Australian Taxation Office Benge Bureau of Industry Canberra capital are expressed capital gains tax capital stock cent deduction cent inflation companies and unincorporated company tax rate consider cost of capital depreciation provisions development allowance dollar economic income end of period equation equipment investment equity finance firm's firms paying unfranked forms of investment franked dividends full imputation gain endures forever gains are taxed gains tax provisions imputation credits Industry Economics inter-asset investment biases investment incentives level of franked longer-lived equipment Loss but Nom marginal rates marginal tax rate maximum level Nom Gain nominal economic depreciation nominal gains nominal losses numerical estimates paper pay franked paying unfranked dividends period f period f-1 present value rate of return rate of shareholders real economic depreciation real interest rate Real Loss taxable Taxation trading stock unincorporated enterprises untaxed value investment Yr 30 Yr zero net present