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| Paolo M. Panteghini |
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| ''A dynamic measure of the effective tax rate'' |
| ( 2003, Vol. 8 No.15 ) |
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| This article shows how the existing forward-looking measures of the effective tax rate may be biased when firms operate in a dynamic context. Using option pricing techniques we thus propose a measure of the effective tax rate which embodies future business changes. |
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| Keywords: |
JEL: H2 - Taxation, Subsidies, and Revenue: General
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| Manuscript Received : Sep 17 2003 | | Manuscript Accepted : Nov 21 2003 |
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