How does economic uncertainty affect the impact of tax policy? We exploit a natural experiment in which two very … similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability …, and once during a period of very high uncertainty. Exploiting sharp discontinuities in eligibility and using rich …

In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment …. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is … that reducing tax policy uncertainty is probably no magic bullet to increase private investment spending …

Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used to provide tax … investments or use investment-specific fees. These results provide new explanations for why ATRs are currently not as intensively … requested by taxpayers as expected against the background of high tax uncertainty. Moreover, the findings help to improve the …

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 …