THE EFFECTS OF INFLATION AND BUSINESS INCOME TAXES ON INVESTMENT AND NATURAL RESOURCE UTILIZATION
The combination of price inflation and historical cost-based depreciation for tax purposes has been shown in the finance literature to reduce the present value of depreciation deductions. Since tax depreciation deductions are limited to a nominal dollar amount, when inflation occurs a future tax ded...
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| Language: | en |
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The University of Arizona.
1982
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| Online Access: | http://hdl.handle.net/10150/187625 http://arizona.openrepository.com/arizona/handle/10150/187625 |