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The goal of this article is to analyze the impact of equity tax shields, that were allowed in Austria from 2000 to 2004, on the capital structure of Austrian firms, both at book values and at market values. We see that the choice of the leverage ratio determines whether or not one can find an...
Persistent link: https://www.econbiz.de/10013134447
In this paper, we study how lower corporate tax rates impact investment by including two novel channels into a DSGE … their investment further. We find that a one percentage point reduction in the corporate tax rate increases investment by 0 … model to analyze the tax reform in Norway from 2014 to 2019, we find overall positive effects on investment and employment. …
Persistent link: https://www.econbiz.de/10012513091
We estimate the impact of investment tax credit on firm fixed investment, using China's 2004 value-added tax reform … pilot that introduces a permanent 17%-tax credit for fixed investment in six industries in the Northeastern region. The tax … credit raises significantly fixed investment of eligible firms by 28 percent on average during 2004-2007 relative to 2001 …
Persistent link: https://www.econbiz.de/10013037692
-sized enterprises (SMEs). This study compares incentive effects of such reforms on the SMEs' investment decisions adopting a simple …
Persistent link: https://www.econbiz.de/10013318428
We investigate the firm level investment responses to narrative shocks to average personal and corporate tax rates …
Persistent link: https://www.econbiz.de/10013250827
promoting growth, yet there is not compelling evidence regarding its effect in Latin American countries. Using a variety of … approaches, we estimate the effects on growth of the most important taxes for the region, namely personal income tax, corporate … resource. We evaluate the effect of these tax instruments on growth for Argentina, Brazil, Mexico, and Chile using vector …
Persistent link: https://www.econbiz.de/10011303246
Persistent link: https://www.econbiz.de/10014565453
Cederwall discusses the Tax Foundation's virtual colloquium, "Making Sense of Profit Shifting" — featuring 18 leading tax scholars, practitioners, and policy experts — and explains how it reveals six significant themes of incongruence in the understanding of profit shifting. Cederwall...
Persistent link: https://www.econbiz.de/10012998367
interest owed to foreign affiliates would not only affect multinationals' capital structure choice but also investment. An …-capitalization rules on capital structure choice and investment in the OECD and some further European countries in the time period between … loans. However, investment is found to be adversely affected …
Persistent link: https://www.econbiz.de/10012991249
Mircrosimulation models (MSM) and Computable General Equilibrium models (CGE) have both been widely used in policy analysis. The combination of these two model types allows the utilisation of the advantages of both types. The aim of this paper is to describe the state-of-the-art in simulation...
Persistent link: https://www.econbiz.de/10003759271