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Capital Subsidies and the Underground Economy

Busato, Francesco; Chiarini, Bruno; Angelis, Pasquale de; … - School of Economics and Management, University of Aarhus - 2005

instance, Summers, 1981), so that tax reduction has no cost in terms of investment. By contrast, the model states that while …

Persistent link: https://www.econbiz.de/10005114108

Corporate taxation and investment: Explaining investment dynamics with firm-level panel data

Dwenger, Nadja - arqus - Arbeitskreis Quantitative Steuerlehre - 2009

framework for analyzing tax effects on changes in capital stock. In particular I estimate a one-step error correction model (ECM …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … incomplete. Both, ECM and distributed lag model, suggest that user cost of capital and output have an economically and …

Persistent link: https://www.econbiz.de/10008462168

The Fair Tax : A Tax Proposal to Smooth Business Cycles, Encourage Investment and Remove Biases Against Small Firms

Weiss, Andrew - 1998

This paper shows that giving tax payments to firms suffering losses would decrease the volatility of the business cycle, reduce the tax biases against small firms and new ventures, mitigate distortions caused by capital market imperfections, and encourage risk taking. These tax credits would...

Persistent link: https://www.econbiz.de/10014050969

The Effect of Investment Tax Credit : Evidence from an Atypical Programme in Italy

De Blasio, Guido; Pellegrini, Guido; Scognamiglio, … - 2008

This paper examines how business investment responds to investment tax credit, as enacted by Italy's Law 388/2000. To assess whether the programme made investments possible that otherwise would not have been made, it exploits some features of the tax credit scheme, such as the fact that some...

Persistent link: https://www.econbiz.de/10014216965

Tax Exhaustion, Firm Investment and Leasing : A Test of the Q Model of Investment

O'Malley, Michael P. - 1998

exhaustion into a "Q" model of investment to see whether its performance is improved. In addition, leased investment is fully … incorporated into the model, in part because tax exhaustion creates incentives to lease investment products and because investment … leasing improves significantly the performance of the Q model, whereas accounting for tax exhaustion does not affect the …

Persistent link: https://www.econbiz.de/10014075802

Macroeconomic Effects of Dividend Taxation with Investment Credit Limits

Ghilardi, Matteo; Zilberman, Roy - 2022

We analyze the effects of dividend taxation in a general equilibrium business cycle model with an occasionally …

Persistent link: https://www.econbiz.de/10014079906

Temporary Super Depreciation Allowances for Green and Digital Investments

Funke, Michael; Terasa, Raphael - 2022

calibrated multi-sector DSGE model, we find that the temporary super deduction could trigger an uplift of 10 percentage points …

Persistent link: https://www.econbiz.de/10014080606

Estimating the Long-Run User Cost Elasticity

Schaller, Huntley - 2003

The user cost elasticity is a parameter of central importance in economics, with implications for monetary policy, macroeconomic models, tax policy, growth and many other areas. If the supply curve for capital is upward sloping and shocks to demand area important (as they are likely to be over...

Persistent link: https://www.econbiz.de/10014108976

Taxes and Firm Investment

Arin, Kerim Peren; Devereux, Kevin; Mazur, Mieszko - 2021

We investigate the firm level investment responses to narrative shocks to average personal and corporate tax rates using a universal micro dataset of publicly traded U.S firms for the post- 1962 period. By allowing for heterogeneous effects over the business cycle and accompanying monetary...

Persistent link: https://www.econbiz.de/10013250827

Fiscal Incentives for Investment and Innovation

Shah, Anwar - 2006

Developing countries continue to make widespread use of tax policy instruments to promote industrial and technological development. The actual effect of these instruments on business activity and government revenues, however, remains an open question. The studies presented in this volume take an...

Persistent link: https://www.econbiz.de/10014058875