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Local neutrality of corporate tax systems

Universidad de Chile. Repositorio Académico

Título Local neutrality of corporate tax systems
Autor Gutiérrez C., Pablo
López, Ramón E.
Figueroa, Eugenio
Descripción This paper shows one important result, namely, that corporate tax systems that allow
at least for two sources of investment tax deductions (e.g., accelerated arbitrary investment
depreciation and deductibility of part of interest payments on the firm`s debt) can be, under
certain plausible conditions, locally neutral. That is, they allow for the existence of at least one
positive corporate tax rate that renders the user cost of capital equal to the undistorted
(without taxes) level of this cost.
Fecha 2014-12-14T19:14:38Z
Tipo Documento de trabajo
Idioma en
Relación Serie de documentos de trabajo;394
Derechos Attribution-NonCommercial-NoDerivs 3.0 Chile
Publicador Universidad de Chile, Facultad de Economía y Negocios