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 …

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 …

-natural experiment, where tax subsidies for Canadian Labour-Sponsored Venture Capital Corporations (LSVCCs) were phased out in one … province but not in others. Using a difference-in-differences setting, we show that fund performance — unrelated to the tax …

profits. Profits are taxable and losses provide tax credits. Here we extend the semi-replication approach of Burgard and Kjaer … (2013) and the capital formalism (KVA) of Green, Kenyon, and Dennis (2014) to cover credit risk warehousing and tax …, formalized as double-semi-replication and TVA (Tax Valuation Adjustment) to enable quantification …

-natural experiment, where tax subsidies for Canadian Labour-Sponsored Venture Capital Corporations (LSVCCs) were phased out in one … province but not in others. Using a difference-in-differences setting, we show that fund performance — unrelated to the tax …