TAXATION, CORPORATE PLANNING AND COMPANY FINANCIAL POLICY: A THEORETICAL EXPOSITION

Date

1981

Author

Alam, K.F.

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In this paper, a context is developed in which companies are seen as planning on the basis of a range of inter-related operational objectives. This, it is considered, is likely to lead to decisions which are "satisficing" rather than "Optimizing" in nature and, furthermore, it is likely that "adaptive search", when performance is inadequate may be pursued with less effectivness in the case of tax advantages than in other ways. In addition to providing a general prediction of reduced responiveness to tax, the analysis of this paper also suggests that large firms are likely to be more responsive to tax incentives then small and medium-sized firms.

URI

https://hdl.handle.net/11511/111425

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Department of Economics, Article