Abstract
The impact of both corporate and personal taxation on the optimal policy of the firm and the behaviour of investors continues to be a central issue in recent contributions in both finance theory and the theory of public policy. In these studies both firms and investors are operating in a particular environment that is characterized by several types of fiscal regime that apply to them. It appears, however, that most of the fiscal regimes are not ‘neutral’ with regard to the optimal policy of firms and investors’ choices. For this reason fiscal policy is a major and flexible tool of governmental policy.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1988 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
van Schijndel, GJ.C.T. (1988). Taxation and Some Implications. In: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation. Lecture Notes in Economics and Mathematical Systems, vol 305. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46637-3_3
Download citation
DOI: https://doi.org/10.1007/978-3-642-46637-3_3
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-19230-5
Online ISBN: 978-3-642-46637-3
eBook Packages: Springer Book Archive