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 …

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 investment incentives of tax law asymmetries. Integrating an initial loss carryforward at the time of investment … combination of all parameters under consideration. On average, a domestic minimum tax and a time limit on loss carryforwards tend …

Since 1997 the Netherlands has a tax allowance scheme introduced to promote investments in energy saving technologies … and sustainable energy production. This Energy Investment Tax Allowance (EIA in Dutch) reduces up-front investment costs … is still part of the Dutch energy policy mix. Our evaluation of the EIA contains four lessons. First, the use of tax …

Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used to provide tax … certainty. We analyze ATRs from the taxpayers' and tax authorities' perspectives. Investors request ATRs if the fee does not … exceed a certain threshold. We integrate this finding into the tax authorities' decision whether to offer ATRs. We find that …

Politicians and tax practitioners often claim that tax uncertainty negatively affects investment. In many countries …, firms can request fee-based Advance Tax Rulings (ATRs) to mitigate tax uncertainty. We analyze theoretically the … circumstances under which investors request ATRs, how tax authorities should price them and how they can affect investment. We …