Published on 01 Jan 01
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
This article discusses that under a classical tax system, income tax encourages firms to employ debt in their capital structures due to interest expenditure being tax deductible.
Roman works for the School of Accounting at the University of Technology Sydney.
Current at 1 October 2009
Click here to expand/collapse more articles by Roman LANIS.
Prof Grant Richardson CTA
Grant works for the Department of Accountancy at the City University of Hong Kong. Current at 01 October 2009
Click here to expand/collapse more articles by Grant RICHARDSON.