Determining the Investment Impact of Bulgaria’s 2007 - 2008 Income Tax Reforms
Determining the Investment Impact of Bulgaria’s 2007 - 2008 Income Tax Reforms
Author(s): Aleksandar VasilevSubject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: corporate tax rate; personal income tax rate; tax reform; investment;
Summary/Abstract: This paper provides a quantitative assessment of the 2007 - 2008 corporate and personal income tax reforms in Bulgaria. The simple investment model, based on Tobin’s q-theory is calibrated to Bulgarian data before and after the reform. Based on numerical simulations, capital stock is predicted to double over the long run.
Journal: Journal of Advanced Studies in Finance (JASF)
- Issue Year: X/2019
- Issue No: 20
- Page Range: 92-95
- Page Count: 4
- Language: English
- Content File-PDF