Using a ¯rm-level panel data set I assess whether dynamic models of in-vestment provide an empirically fruitful framework for analyzing tax e®ectson changes in capital stock. In particular I estimate a one-step error correc-tion model (ECM) complementing the usual estimation of a distributed...

We estimate the impact of effective profit taxation on the financial leverage ofcorporations on the basis of a pseudo-panel constructed from corporate tax return micro data for theperiod 1998-2001, a period which saw the introduction of a major corporate tax reform in Germany.The financial...

We estimate the elasticity of corporate taxable income with respect to the effectivecorporate tax rate on the basis of a pseudo-panel constructed from corporate tax return microdata for the period 1998-2001, a period which saw the introduction of a major corporate taxreform in Germany....

In Germany, the tax loss carry-forward of corporations significantly increased over the lastdecade. At the same time only a small percentage of losses have been effectively offset. Onepotential reason for this puzzle is that stricter loss offset restrictions have been introduced inrecent years....