1.

Record Nr.

UNINA990000254630403321

Autore

Flint, H. T.

Titolo

Wave mechanics / H. T. Flint

Pubbl/distr/stampa

London : Methuen and Co. Ltd, 1967

Edizione

[9. ed. revised]

Descrizione fisica

[8], 152 p. ill. 19 cm

Collana

Methuen's monographs on physical subjects

Locazione

DINAE

Collocazione

09 024-088

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910973346103321

Autore

Klemm Alexander

Titolo

Allowances for Corporate Equity in Practice / / Alexander Klemm

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613820778

9781462350803

1462350801

9781451985313

1451985312

9781282392342

1282392344

9781451909722

1451909721

Edizione

[1st ed.]

Descrizione fisica

1 online resource (35 p.)

Collana

IMF Working Papers

Soggetti

Corporations - Finance

Corporations - Taxation

Allowance for corporate equity

Business Taxes and Subsidies

Corporate & business tax

Corporate income tax



Corporate Taxation

Corporations

Effective tax rate

Financial Instruments

Income tax systems

Income tax

Institutional Investors

Investment & securities

Investments: Stocks

Non-bank Financial Institutions

Pension Funds

Public finance & taxation

Stocks

Tax administration and procedure

Taxation

Taxation, Subsidies, and Revenue: General

Brazil

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"November 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. ACE TAX SYSTEMS""; ""III. ACE SYSTEMS IN PRACTICE""; ""IV. PREVIOUS ANALYSES OF ACE TAX SYSTEMS""; ""V. THE BRAZILIAN ACE VARIANT""; ""VI. CONCLUSION""; ""Appendix I. Effective Tax Rates""; ""REFERENCES""

Sommario/riassunto

This paper provides an overview of full and partial allowance for corporate equity (ACE) tax systems in practice. In the recent past, ACE systems have been used in Austria, Croatia, and Italy. Brazil still applies a variant of such a system and Belgium introduced one this year. This paper summarizes the empirical literature on past ACE systems, and provides a theoretical and empirical assessment of the Brazilian ACE variant. The main finding is that the Brazilian reform introduced an ACE system for a minority of firms only, with the majority instead having a system of dividend deductibility. Despite the reduction in the tax preference for debt finance, capital structures have not changed much, but dividends have increased. Investment appears to have benefited from the reform, although the extent to which this was due to the new structure rather than the tax cut is unclear.