Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the...

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Taxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published in: D. Bradford (Ed.)., Tax Policy and the Economy 5, 1991, National Bureau of Economic Research, pp. 25-54.

Transcript of Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the...

Page 1: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published

Taxation and the Cost of Capital: The 'Old' View, the 'New' View,

and Another View

by Hans-Werner Sinn

published in:

D. Bradford (Ed.)., Tax Policy and the Economy 5, 1991, National Bureau of

Economic Research, pp. 25-54.

Page 2: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 3: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 4: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 5: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 6: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 7: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 8: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 9: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 10: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 11: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 12: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 13: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 14: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 15: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 16: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published
Page 17: Taxation and the Cost of Capital: The 'Old' View, the 'New ... · PDF fileTaxation and the Cost of Capital: The 'Old' View, the 'New' View, and Another View by Hans-Werner Sinn published

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