This paper examines the effect of tax incentives in the form of bonus depreciation on the quality of investment. Using … the expiration of tax incentives via bonus depreciation in East Germany and a representative panel of West German …, measured by the responsiveness of future sales to current investment, reduces by 22.6-34.6%. This adverse effect of tax …

business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial …, including private business equity. In a system of simultaneous demand equations in first differences, we identify the tax … effects by an instrumental variables approach exploiting tax reforms during our observation period. To account for selection …

government seeking to extract surplus from entrepreneurs would naturally tax equity-generated income more than debt … along their debt-to-equity ratios, the optimal non-linear tax schedule to achieve the desired discrimination is isomorphic …

government seeking to extract surplus from entrepreneurs would naturally tax equity-generated income more than debt … along their debt-to-equity ratios, the optimal non-linear tax schedule to achieve the desired discrimination is isomorphic …

government seeking to extract surplus from entrepreneurs would naturally tax equity-generated income more than debt … along their debt-to-equity ratios, the optimal non-linear tax schedule to achieve the desired discrimination is isomorphic …

. So far the existing post-tax analyses do not provide a general analytical description of investor reactions towards … profit tax rate changes. This paper sets out to fill part of the void. We implement a simple tax system and focus on risky … hence cause distortions. We analytically identify a set of neutral tax rates (tax regimes) that preserve the critical post-tax …

contrast, the tax influence on the benefits of a SOP remains widely unperceived. This article deals with both cost and benefit … and shareholders can be quantified. Comparing the results in a tax-free world to the results taking into account different … levels of taxation several tax-induced incentive distortions can be identified. …

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … managerial advice. It considers differential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …