Narrow search
Showing 1 - 10 of 580
Cover Image
Tax Loss Carryforwards and Corporate Tax Incentives
Auerbach, Alan J. - 1986
This paper investigates the extent to which loss-offset constraints affect corporate tax incentives. Using data … sector had tax loss carryforwards. When weighted by their market value, however, these firms account for less than three … percent of this sector, suggesting that loss carryforwards are concentrated among small firms and affect relatively few large …
Persistent link: https://www.econbiz.de/10012477213
Cover Image
Taxation, Corporate Financial Policy and the Cost of Capital
Auerbach, Alan J. - 1982
The cost of capital plays an important role in the allocation of resources among competing uses in a decentralized market system. The purpose of this paper is to organize and present what is known and what is hypothesized about the effects of taxation on the incentive to invest, via the cost of...
Persistent link: https://www.econbiz.de/10012478079
Cover Image
A New Summary Measure of the Effective Tax Rate on Investment
Gordon, Roger - 2003
factors, including resale of assets (churning), risk, pure profits, debt finance and arbitrage, and choice of organizational …
Persistent link: https://www.econbiz.de/10012469165
Cover Image
Deferred Tax Positions and Incentives for Corporate Behavior Around Corporate Tax Changes
Poterba, James - 2007
A firm's deferred tax position can influence how it is affected by a transition from one tax regime to another. We compile disaggregated deferred tax position data for a sample of large U.S. firms between 1993 and 2004 to explore how these positions might affect firm behavior before and after a...
Persistent link: https://www.econbiz.de/10012465733
Cover Image
The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates
Graham, John R. - 2009
We investigate how the length of the net operating loss carryback period affects corporate liquidity and marginal tax … financial industries. Extending the carryback period would increase the marginal tax rate of loss firms by more than 200 basis … points on average, which all else equal would lead corporations to use an additional $8 ($10) billion of debt and reduce tax …
Persistent link: https://www.econbiz.de/10012463472
Cover Image
Understanding U.S. Corporate Tax Losses
Altshuler, Rosanne - 2008
Recent data present a puzzle: the ratio of corporate tax losses to positive income was much higher around 2001 than in earlier recessions. Using a comprehensive 1982-2005 sample of U.S. corporation tax returns, we explore a variety of potential explanations for this surge in tax losses, taking...
Persistent link: https://www.econbiz.de/10012464242
Cover Image
Pay or Pray? The Impact of Charitable Subsidies on Religious Attendance
Gruber, Jonathan - 2004
The economic argument for subsidizing charitable giving relies on the positive externalities of charitable activities, particularly from the religious institutions that are the largest recipients of giving. But the net external effects of subsidies to religious giving will also depend on a...
Persistent link: https://www.econbiz.de/10012468319
Cover Image
Taxing Multinationals
Devereux, Michael P. - 2000
This paper analyzes the effects of tax policy on the strategic choices of a domestic multinational company competing with a foreign multinational company in a third country. We demonstrate the role of the effective average tax rate and the effective marginal tax rate on the company's choices. We...
Persistent link: https://www.econbiz.de/10012470817
Cover Image
International Differences in Capital Taxation and Corporate Borrowing Behavior : Evidence from the U.S. Withholding Tax
Papke, Leslie E. - 1989
Securities transactions in the U.S. climbed on a net basis from $19 billion in 1983 to $50 billion in 1985. This rise was due almost entirely to an increase in foreign purchases of U.S. securities - largely corporate and government bonds. One reason suggested for this phenomenon is foreign...
Persistent link: https://www.econbiz.de/10012475916
Cover Image
Dividend Taxes and the Allocation of Capital
Boissel, Charles; Matray, Adrien - National Bureau of Economic Research - 2022
This paper investigates the 2013 three-fold increase in the French dividend tax rate. Using administrative data covering the universe of firms from 2008-2017 and a quasi-experimental setting, we find that firms swiftly cut dividend payments and used this tax-induced increase in liquidity to...
Persistent link: https://www.econbiz.de/10013334318