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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
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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
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Options for Corporate Capital Cost Recovery : Tax Rates and Depreciation
Fichtner, Jason - 2018
the cost of capital investments. Depreciation?the process of writing off capital purchases over time?has received … tax code is open to special-interest tailoring. The tax code is often manipulated by arbitrarily shortening depreciation … timelines through accelerated depreciation or bonus expensing. As a solution to the current inequity and inefficiency of …
Persistent link: https://www.econbiz.de/10012918344
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Corporate income taxes around the world : a survey on forward-looking tax measures and two applications
Steinmüller, Elias; Thunecke, Georg U.; Wamser, Georg - 2018
This study provides a survey on corporate taxes around the world. Our analysis has three main objectives. First, we collect tax data and calculate (forward-looking) effective tax measures for a large sample of countries and recent years. We particularly describe how these measures vary over time...
Persistent link: https://www.econbiz.de/10011847579
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The tax-elasticity of tangible fixed assets : evidence from novel corporate tax data
Auliffe, Sean Mc; Thunecke, Georg; Wamser, Georg - 2023
primarily to inappropriately assigned asset weights to statutory depreciation allowances. Our empirical analysis exploits the …
Persistent link: https://www.econbiz.de/10014336406
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Why the Norwegian shareholder income tax is neutral
Södersten, Jan - 2019
This note extends the work by Sørensen (2005) and others by demonstrating why the Norwegian Shareholder Income Tax may be neutral between the two sources of equity funds, i.e. new share issues and retained earnings, despite the fact that the retention of earnings to finance new investment does...
Persistent link: https://www.econbiz.de/10011967007
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At a Cost : The Real Effects of Thin Capitalization Rules
De Mooij, Ruud A.; Liu, Li - 2021
Thin capitalization rules (TCRs) aim to mitigate profit shifting by multinational corporations (MNCs) but, by raising the cost of capital for affected affiliates, can also negatively affect real investment. Exploiting unique panel data on multinational companies in 34 countries during 2006-2014,...
Persistent link: https://www.econbiz.de/10013243062
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A Closer Look at Leverage, Corporate Taxes and the Cost of Capital
Handley, John C. - 2023
It is widely known that leverage reduces the cost of capital of a firm in a perfect capital market save for corporate income taxes. This result, however, rests on a cost of capital measure which is not fit for this purpose. When the correct measure is used, we find that leverage reduces the...
Persistent link: https://www.econbiz.de/10014362306
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Aggregate Corporate Tax Avoidance and Cost of Capital
Sikes, Stephanie - 2020
We identify a pecuniary externality arising from corporate tax avoidance. Firms share risk with the government via taxation. The lower the tax rate applied to a firm's earnings, the more risk is borne by its shareholders. As more firms engage in avoidance in the aggregate, the variance of the...
Persistent link: https://www.econbiz.de/10012827035
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The effect of transfer pricing regulations on intra-industry trade
Dekker, Vincent; Strohmaier, Kristina - 2017
We analyse the effect of transfer pricing regulations on trade ows. We base our estimation on a panel gravity model, where the transfer pricing regulations are modeled as trade costs. To abstract from any aggregate demand shocks, we focus on intermediate goods in the car industry. Our results...
Persistent link: https://www.econbiz.de/10011761619