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Promoting Innovation : The Differential Impact of R&D Subsidies
Cherif, Reda; Hasanov, Fuad; Grimpe, Christoph; Sofka, … - 2022
We investigate the effect of R&D subsidies on firms’ innovation by ownership, industry, and firm size using German firm-level data. The impact of R&D subsidies is heterogeneous across industries for multinational corporations (MNCs) and domestic firms while it does not differ substantially by...
Persistent link: https://www.econbiz.de/10014244521
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The Return of Expansionary Austerity : Firms’ Investment Response to Fiscal Adjustments in Emerging Markets
Magud, Nicolás E.; Pienknagura, Samuel - 2022
We study the response of corporate investment in Emerging Markets to unexpected fiscal shocks. We find that, although … firm-level investment decreases on impact following unexpected public expenditure adjustments (classical Keynesian … multiplier effect), it quickly rises above pre-shock levels. The rebound in investment is facilitated by fiscal space, flexible …
Persistent link: https://www.econbiz.de/10013291760
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Firm Investment, Corporate Finance, and Taxation
Palomba, Geremia - 2021
This paper examines the intertemporal effect of corporate income taxation on the investment behavior of a firm that … the corporate profit tax rate initially reduces investment, but the effect is reversed over time as the firm adjusts its …
Persistent link: https://www.econbiz.de/10013212313
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Macroeconomic Effects of Dividend Taxation with Investment Credit Limits
Ghilardi, Matteo; Zilberman, Roy - 2022
-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium …
Persistent link: https://www.econbiz.de/10014079906
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Pouring Oil on Fire : Interest Deductibility and Corporate Debt
Dallari, Pietro - 2019
This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage, for both small and medium-sized enterprises and...
Persistent link: https://www.econbiz.de/10012895074
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Enhancing Tax Compliance in the Dominican Republic Through Risk-Based Vat Invoice Management
Alonso, Cristian; Feliz, Ledys; Gil, Patricia; Pecho, Miguel - 2022
Invoices document economic transactions and are thus critical to assess tax liabilities. We study a reform in the Dominican Republic that aimed to integrate invoice management into a broader, more comprehensive, risk-based compliance strategy. By rationing authorized invoices based on an extra...
Persistent link: https://www.econbiz.de/10013306750
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The Tax-Adjusted Q Model with Intangible Assets : Theory and Evidence from Temporary Investment Tax Incentives
Chen, Sophia - 2014
intangible intensity. We estimate our model using temporary investment tax incentive policies in the United States in the early … 2000s. When the q-model accounts for intangible assets, the estimated investment elasticity to tax incentives is generally …
Persistent link: https://www.econbiz.de/10013050088
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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/10013058436
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Tax Incentives in Cambodia
Ghazanchyan, Manuk - 2018
, including a shift from tax holidays toward investment allowances …
Persistent link: https://www.econbiz.de/10012918571
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Brazil : Tax Expenditure Rationalization within Broader Tax Reform
Coelho, Maria - 2022
The excessive complexity and burden of the Brazilian tax system, riddled by cumulative indirect taxes and heavy payroll contributions, have led to an accumulation of fiscal incentives aimed at reducing its burden on taxpayers and productive activities. Federal and subnational tax expenditures...
Persistent link: https://www.econbiz.de/10013306744