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List of Tables
Dual Income Tax in a Dynamic Model of the Firm
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accelerated depreciation adjustment path after-tax analysis assume assumption A4.2 basic model capital gains capital income tax chapter co-state variables constraint corporate tax cost of capital defined depicts dual income taxation earned income effective tax rate equation feasible regimes financial capital financial investment Finland Finnish firm's capital stock firm's cost firm's optimal policy firm's policy first-order conditions fiscal depreciation full imputation graduated dividend taxation graduated taxation growth path growth phase implies imputation credit imputation system incentive income tax income tax rate increase initial capital interest rate internal financing l-rc level of capital linear dividend taxation lower marginal condition marginal tax rate markka maximise Nordic Nordic countries old path optimal solution profits rate of return rate on capital rate on earned real capital regime A3 retained earnings right-hand side satisfies shadow prices shareholders Sinn steady-state capital stock tax saving term tion transversality condition