investment on firms that lose money. I model firm investment decisions in a setting featuring financing constraints and … carrybacks and carryforwards of operating losses. I estimate investment responses to tax incentives allowing effects to vary with …

This paper studies the effect of corporate taxes on investment. Using firm-level data on German corporations, we … investigate the 2008 tax reform that cut corporate taxes by 10 percentage points. We expect heterogeneous investment responses … can increase corporate investment but have heterogeneous investment responses across firms. …

The Taxpayer Relief Act of 1997 (TRA 1997) reduced the net operating loss (NOL) carryback period from three to two … transitional fiscal year of 1997. Specifically, failure to recognize a NOL in 1997 results in the loss of recovery of taxes paid in … opportunity cost, we examine whether these firms undertook income shifting to accelerate loss recognition in the tax year 1997 …

-border loss offset inherent to formula apportionment. In the medium run, in which only firms can adjust their strategies, tax …, contrary to output factors, input factors provide an insurance against tax revenue shortfalls due to loss-making affiliates …

The issue of valuing tax loss-carryforwards (TCLFs) and carrybacks (TLCBs) arises frequently in theory and practice …