engineering sector whose labour costs were reduced by a tax credit granted to firms hiring workers on open-ended rather than fixed … that received the tax credit and those that did not. Potential distortions due to self-selection into the programme, firm … spurious effect of the tax credit in the years when it was not in force. Estimation is carried out in both a parametric and non …

In this paper company-level panel data are used to explore the role of tax changes on corporate financial policy. A … panel model for the years 1993-98 is estimated confirming the explanatory power of the tax variable. The estimation also … shows that firms reduced leverage in the last three years (1996-98) as a reaction to important tax changes; the reduction in …

This paper examines how business investment responds to investment tax credit, as enacted by Italy�s Law 388/2000. To … the tax credit scheme, such as the fact that some Italian regions are not deemed eligible or that the amount of the bonus …

The paper considers several approaches to the measurement of firms� tax burden in order to identify significant … indicators for the banking sector. It also analyses features of tax provisions which are peculiar to the Italian system. On these … bases, it looks at measures affecting the tax burden on the Italian banking system over the period 2000-09. Inter alia, the …

This paper examines the current tax policy on venture capital (VC) in Italy, and compares it with the tax incentives … adopted by France, Germany, Spain and the UK. The authors analyze ongoing European initiatives to remove tax obstacles to VC … in Europe. Focusing on the taxation of VC funds, they also assess whether the requirements for the new Italian tax …