It takes the average reader and 19 minutes to read Effective Average Tax Rates for Permanent Investment by Mr.Alexander Klemm
Assuming a reading speed of 250 words per minute. Learn more
This paper extends the effective average tax rate (EATR) developed in Devereux and Griffith (2003) by relaxing the assumption of a one-period perturbation in the capital stock. Instead it allows a permanent investment. While this may appear a small change, it has important implications. First, it allows the EATR to be calculated in the presence of tax holidays, which are an important part of tax systems, especially in developing countries. Second, it reveals an interesting feature of the original EATR: despite the assumption of a one-period investment, the original measure is informative about long-term investments, thanks to the assumption of pooled depreciation. Without this assumption-which is justifiable in a few countries only- the EATR based on one-period perturbation in the capital stock would be less useful for analyzing medium and long-term investments.
Effective Average Tax Rates for Permanent Investment by Mr.Alexander Klemm is 19 pages long, and a total of 4,921 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 26 minutes to read Effective Average Tax Rates for Permanent Investment aloud.
Effective Average Tax Rates for Permanent Investment is suitable for students ages 6 and up.
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