...David A. Guenther; Richard C. Sansing ABSTRACT We investigate the relation between tax rates and pretax returns by showing how implicit tax, tax incidence, and tax capitalization change in response to a tax rate change. We examine these issues in the context of both financial assets and real...

..., Vienna University of Economics and Business, Department of Finance, Accounting and Statistics, Vienna, Austria. Editor’s note: Accepted by Sonja Olhoft Rego, under the Senior Editorship of Mary E. Barth. 06 09 2019 01 06 2022 30 06 2022 2023 corporate taxes tax...

... inventory methods used by firms in the oil industry. LIFO FIFO tax incidence We examine the effects of repealing the last-in, first-out (LIFO) inventory method on firm production decisions, output prices, and firm after-tax profits. This is an important topic...