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Comment On «Equity Rates of Return in the U.K.; Evidence from Panel Data»

Published online by Cambridge University Press:  17 August 2016

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Extract

In this paper, the authors consider the impact of inflation and the U.K. Corporation Taxation system on real rates of return to equity in the U.K. There are two main sets of questions that arise in this context – how ought one go about measuring such impacts, particularly with respect to ex-post performance measures; and given that these impacts seem to be substantial, what policy implications follow? I deal with these in turn.

Type
Part Four: Measurement of Capital Utilisation and Rates of Return
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1984 

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Footnotes

(*)

University of Southampton, Department of Economics.

References

Brown, E.C. (1948), Business – Income taxation and investment incentives in: Income, Employment and Public Policy; Essays in Honour of Alvin H. Hansen, W.W. Norton, New York.Google Scholar
Kino, M.A. (1983), Tax Policy and Family Welfare, Second Departmental Lecture on Economic Policy, Discussion Paper 8314, Dept. of Economics, University of Southampton.Google Scholar
Meade, J.E. (1978), The Structure and Reform of Direct Taxation, Institute for Fiscal Studies, London.Google Scholar