RDP 9011: Inflation and Corporate Taxation in Australia
Equation (18)
p=(i-π)(
1
−
t
m
1
−
t
c
)[
(
i
−
π
)
(
1
−
t
C
)
+
π
(
i
−
π
)
(
1
−
t
m
)
+
π
]
≡
p
*
*
for
debt
and/or
new equity
finance
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