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Marginal versus average beta of equity under corporate taxation

Lund, Diderik - 2009

together with inframarginal, marginal beta differs from average if there are investment-related deductions like depreciation …

Persistent link: https://www.econbiz.de/10003846172

Corporate taxes, investment and the self-financing rate : the effect of location decisions and exports

Brasch, Thomas von; Frankovic, Ivan; Tölö, Eero - 2021

In this paper, we study how lower corporate tax rates impact investment by including two novel channels into a DSGE model used for fiscal policy analysis in Norway. We capture both how foreign firms relocate and invest in the country when corporate taxes are reduced and how the inflow of FDI...

Persistent link: https://www.econbiz.de/10012513091

How does bonus depreciation affect real investment? : effect size, asset structure, and tax planning

Eichfelder, Sebastian; Knaisch, Jonas; Schneider, Kerstin - 2023

We analyze how tax incentives (bonus depreciation) affect real investment choices of firms by exploiting an exogenous … longest regular depreciation periods in absence of bonus depreciation. The impact on equipment investment is significantly …) and relatively low tax planning costs (large firms) enhancing the effect of bonus depreciation on investment. There is …

Persistent link: https://www.econbiz.de/10014304021

Tax incentives and business investment : evidence from German bonus depreciation

Eichfelder, Sebastian; Schneider, Kerstin - 2014

In this paper, we use an exogenous variation in tax regulations to analyze the impact of bonus depreciation programs on … business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … the theoretical literature, there is empirical evidence for strong and significant effects of the bonus depreciation …

Persistent link: https://www.econbiz.de/10010354738

Corporate Taxation of Foreign Direct Investment Income 1991-2001

Yoo, Kwang-Yeol - 2003

This paper constructs indicators of tax burden on FDI in order to review their trends and cross-country patterns. Over the 1990s, the overall tax burden on inward FDI (measured by the effective marginal tax rates) fell by 8 percentage points, reflecting corporate tax reforms in some OECD...

Persistent link: https://www.econbiz.de/10012445332

Corporate taxation and investment : evidence from the Belgian ACE reform

Moore, Nils aus dem - 2014

We contribute to the empirical literature on the relationship between corporate taxes and investment. We exploit the introduction of the so-called ACE corporate tax reform in Belgium that came into effect in January 2006 to evaluate this relationship in a quasiexperimental setting based on...

Persistent link: https://www.econbiz.de/10010488037

The Effect of the Tax Cuts and Jobs Act on Foreign Investment of U.S. Multinational Corporations

Samuel, David M. P. - 2022

This study examines the effect of the 2017 Tax Cuts and Jobs Act (TCJA) on capital investment, labor investment, and the productivity of foreign subsidiaries of U.S. multinational corporations (MNCs). Proponents of the TCJA argue it decreased foreign investment by leveling the playing field...

Persistent link: https://www.econbiz.de/10014238858

Petroleum tax competition subject to capital rationing

Osmundsen, Petter; Løvås, Kjell; Emhjellen, Magne - 2017

The recent dramatic fall in oil prices has led to extensive capital rationing in international oil companies, and subsequent fierce competition between resource extraction countries to attract scarce investment. This situation is not adequately addressed by the large literature on international...

Persistent link: https://www.econbiz.de/10011619628

How Taxes on Firms Reduce the Risk of After-Tax Cash Flows

Lund, Diderik - 2012

depreciation deductions. Among the few studies of these effects, even fewer identify all effects correctly. Some claim to …

Persistent link: https://www.econbiz.de/10013100228

Political Risk and International Valuation

Bekaert, Geert - 2015

Measuring the impact of political risk on investment projects is one of the most vexing issues in international business. One popular approach is to assume that the sovereign yield spread captures political risk and to augment the project discount rate by this spread. We show that this approach...

Persistent link: https://www.econbiz.de/10013015661