The focus of this paper is on effects from tax incentives for research and development inputs (R&D) and corporate income tax on business R&D and patenting behaviour. First, we provide a theoretical discussion of tax planning with R&D and intellectual property (IP) ownership. Further, we employ...

The law gives a negative tax or subsidy to tax planning and controversy work, because the costs of that work are generally deductible. But the return from the investment, in the form of less tax to be paid, is not taxed. The treatment is self-destructive in that the system gives a subsidy to...

In this paper we examine the conventional wisdom that ten years of tax deferral is almost as good as exemption. Examining a corporation that invests in a single risk free bond we demonstrate that the conventional wisdom regarding tax deferral does not hold. We go on to demonstrate that deferral...

This study highlights the concept of depreciation and eligibility of assessee for charging depreciation as per Income Tax Act. The rules for charging depreciation have been changed from time to time. The study presents the rules of depreciation from the Assessment Year (AY) 1966-67 to 2012-13....

The add-backs, adjustments, and other computations involved for individuals who incur a NOL, as well as the factors to consider in deciding if the carryback should be waived, can appear daunting.NOLs relate only to business income and deduction items, so an individual taxpayer must separate out...