Tax exhaustion, Firm Investment, and Leasing: A Test Of The Q Model Of Investment
- Topics:
- Taxes
- Source:
- The Federal Reserve Board
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Overview: This paper incorporates tax exhaustion into a "Q" model of investment to see whether its performance is improved. In addition, leased investment is fully incorporated into the model, in part because tax exhaustion creates incentives to lease investment products and because investment models explain decisions to use equipment, not the decision about how to finance them. Read on for more information on investment, corporate taxation and leasing.
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Format: PDF | Size: 181KB | Date: Jan 1996 | Pages: 31





