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Thin Capitalization Rules and Multinational Firm Capital Structure
Blouin, Jennifer - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10013055986
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Tax Incentives, Bequest Motives, and the Demand for Life Insurance : Evidence from Two Natural Experiments in Germany
Sauter, Nicolas - 2010
Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance demand. An unanticipated tax reform in 2000...
Persistent link: https://www.econbiz.de/10013143834
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The Structure of Cigarette Excises in the EU : From Myths to Reality
Primorac, Marko - 2017
the upper and the lower limit. The purpose of this article is to challenge several myths related to the cigarette taxation … in the EU. The first one is that an increase of the specific component of the cigarette excise negatively affects the … the paper is that an increase of the specific excise increases the government revenue from cigarette excises, whereby this …
Persistent link: https://www.econbiz.de/10012958889
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Taxes and Financial Reporting : Evidence from Discretionary Investment Write-Offs in Italy
Arachi, Giampaolo - 2010
This paper provides further empirical evidence on the relationship between taxes and financial reporting by focusing on accounting decisions to write-offs equity investments. The analysis is based on panel data for Italian companies. In the period 1998-2006 the Italian corporate income tax has...
Persistent link: https://www.econbiz.de/10013135525
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Consequences of the New UK Tax Exemption System : Evidence from Micro-Level Data
Egger, Peter H. - 2012
Until 2009, the United Kingdom operated a system of worldwide taxation. Taxation of foreign income was deferred until repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend payments and keeping earnings abroad. In 2009, the UK...
Persistent link: https://www.econbiz.de/10013100015
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Does an R&D Tax Credit Affect R&D Expenditure? The Japanese R&D Tax Credit Reform in 2003
Kasahara, Hiroyuki - 2013
To what extent does a tax credit affect firms' R&D activity? What are the mechanisms? This paper examines the effect of R&D tax credits on firms' R&D expenditure by exploiting the variation across firms in the changes in the eligible tax credit rate between 2000 and 2003. Estimating the...
Persistent link: https://www.econbiz.de/10013073084
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The Elasticity of Taxable Income in the Presence of Deduction Possibilities
Dörrenberg, Philipp - 2015
Several recent studies show that the elasticity of taxable income (ETI) is not a sufficient statistic for the welfare costs of taxation due to factors such as taxbase shifting. This paper provides an additional argument demonstrating the non-sufficiency of the ETI, namely tax deductions....
Persistent link: https://www.econbiz.de/10013021690
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More Giving or More Givers? The Effects of Tax Incentives on Charitable Donations in the UK
Almunia, Miguel - 2018
return data, exploiting variation from a large tax reform. Using a variety of estimation methods and new instruments for the …
Persistent link: https://www.econbiz.de/10012933062
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Quantifying Optimal Growth Policy
Grossmann, Volker - 2010
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10013142140
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Game of Zones : The Political Economy of Conservation Areas
Ahlfeldt, Gabriel M.; Moeller, Kristoffer; Waights, Sevrin - 2021
Provided there are positive external benefits attached to the historic character of buildings, owners of properties in designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the restrictions put in place to ensure the...
Persistent link: https://www.econbiz.de/10013315608