and tax-permitted depreciation, is considered. Both convex and concave survival functions can be accommodated. Three …-relevant accounting capital and true depreciation, (ii) mis-indexation of depreciation allowances, (iii) incomplete deductibility of …-exponential depreciation schedules are forced, by 'approximation devices', to fit into the exponential decay schedule. …

design of their tax systems. We analyse the effects of ACE-based taxation on rates of return and effective tax rates. In-vestment …

depreciation deductions. We apply our method to German data and find that even small estimation biases in determining the tax … deductions have a large impact on the effective tax rates for marginal and inframarginal investment projects. We conclude that … our method may be used to quantify exactly the difference between the actual use of depreciation deductions and the King …

multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …

Current political discussions in Germany and other European countries illustrate the importance accorded to revenue and …

Current political discussions in Germany and other European countries illustrate the importance accorded to revenue and …