The elements of corporate and personal taxation are integrated into a corporate growth model describing a value maximizing firm. The choice parameters of the firm are (1) the growth rate, (2) the debt ratio. (3) the capital-labour ratio. Dividends are determined residually. The corporate tax considered is a flat-rate tax on profits as defined by the tax laws. The personal tax is a linear tax/schedule.
Working Paper No. 1
Corporate and Personal Taxation and the Growing Firm
Working Paper
Reference
Jakobsson, Ulf (1976). “Corporate and Personal Taxation and the Growing Firm”. IFN Working Paper No. 1. Stockholm: Research Institute of Industrial Economics (IFN).
Jakobsson, Ulf (1976). “Corporate and Personal Taxation and the Growing Firm”. IFN Working Paper No. 1. Stockholm: Research Institute of Industrial Economics (IFN).
Author
Ulf Jakobsson
