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Corporation Tax Asymmetries
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Book Synopsis Corporation Tax Asymmetries by : John Creedy
Download or read book Corporation Tax Asymmetries written by John Creedy and published by . This book was released on 2008 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the way in which the asymmetric treatment of losses within corporate tax codes can be expected to affect behavioural responses to changes in tax rates. The paper introduces the concept of an equivalent tax function, raising the same present value of tax payments as the actual function, in which the effective rate on losses in any period, and thus the degree of asymmetry, is explicit. The influence on the elasticity of tax revenue with respect to the tax rate of this effective rate is then examined, where ?loss-shifting? occurs. Results suggest that estimates of the behavioural effect of changes in tax rates on tax revenues can be expected in general to be smaller in regimes that involve greater asymmetries in the tax treatement of losses. As losses vary over the economic cycle, asymmetric treatment also generates effects on tax revenues that are asymmetric (non-linear) between above-trend and below-trend parts of the cycle.
Book Synopsis On Corporate Tax Asymmetries & Neutrality by :
Download or read book On Corporate Tax Asymmetries & Neutrality written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Tax Asymmetries under Investment Irreversibility by :
Download or read book Corporate Tax Asymmetries under Investment Irreversibility written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporation Tax Asymmetries on Investment Behaviour by :
Download or read book Corporation Tax Asymmetries on Investment Behaviour written by and published by . This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Tax Asymmetries Under Investement Irreversibility by : Paolo M. Panteghini
Download or read book Corporate Tax Asymmetries Under Investement Irreversibility written by Paolo M. Panteghini and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporation Tax Asymmetries and Optimal Financial Policy by : Michael Keen
Download or read book Corporation Tax Asymmetries and Optimal Financial Policy written by Michael Keen and published by . This book was released on 1988 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Tax Asymmetries and Corporate Income Tax Reform by : Saman Majd
Download or read book Tax Asymmetries and Corporate Income Tax Reform written by Saman Majd and published by . This book was released on 1986 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of tax asymmetries (the lack of full loss offsets) under current corporate income tax law and a stylized tax reform proposal. The government's tax claim on the firm's pretax cash flows is modelled as a series of path-dependent call options and valued by option pricing procedures and Monte Carlo simulation.The tax reform investigated reduces the statutory tax rate, eliminates the investment tax credit and sets tax depreciation approximately equal to economic depreciation. These changes would increase the effective tax rate on marginal investments by firms that always pay taxes, but dramatically reduce the potential burden of tax asymmetries. "Stand-alone" investments, which are exposed to the greatest burden, are uniformly more valuable under this reform, despite the loss of the investment tax credit and accelerated depreciation.These general results are backed up by a series of numerical experiments. We vary investment risk, inflation (with and without indexing of tax depreciation), and investigate how allowing interest on loss carry forwards would affect after-tax project value
Book Synopsis Corporation Tax Asymmetries and Cartel Unity by : Pierre-Pascal Gendron
Download or read book Corporation Tax Asymmetries and Cartel Unity written by Pierre-Pascal Gendron and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of changing the extent to which tax losses are refunded to firms in a model of imperfect competition. It proposes a particular collusive equilibrium in a repeated oligopoly with homogeneous quantity-setting firms. The industry sustains tacit collusion by using credible and severe punishments of deviations. The analysis of the most collusive equilibrium with losses indicates that a tax policy which increases refunds reduces output, increases market price, and therefore strengthens tacit collusion. In addition, the policy increases government revenue. An increase in the corporation tax rate has similar effects.
Book Synopsis Tax Asymmetries and Capital Structure Choices in Closely Held Firms by : Robert Innes
Download or read book Tax Asymmetries and Capital Structure Choices in Closely Held Firms written by Robert Innes and published by . This book was released on 1988 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Tax Asymmetries Under Investment Irreversibility by : Paolo Panteghini
Download or read book Corporate Tax Asymmetries Under Investment Irreversibility written by Paolo Panteghini and published by . This book was released on 2001 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporation Tax Asymmetries and Investment by : Michael P. Devereux
Download or read book Corporation Tax Asymmetries and Investment written by Michael P. Devereux and published by . This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On Corporate Tax Asymmetries and Neutrality by : Paolo Panteghini
Download or read book On Corporate Tax Asymmetries and Neutrality written by Paolo Panteghini and published by . This book was released on 2000 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of Corporation Tax Asymmetries on Investment Behaviour by : Michael B. Devereux
Download or read book Impact of Corporation Tax Asymmetries on Investment Behaviour written by Michael B. Devereux and published by . This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On Corporate Tax Asymmetries and Neutrality by : Paolo M. Panteghini
Download or read book On Corporate Tax Asymmetries and Neutrality written by Paolo M. Panteghini and published by . This book was released on 2004 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article discusses the effects of corporate tax asymmetries under investment irreversibility. We introduce a tax scheme where the tax base is given by the firm's return net of a rate of relief. When the firm's return is less than the imputation rate, however, no tax refunds are allowed. Unlike symmetric tax systems, the scheme proposed is neutral with respect not only to income uncertainty but also to policy uncertainty.
Book Synopsis Corporate Tax Asymmetries and R&D by : Masanori Orihara
Download or read book Corporate Tax Asymmetries and R&D written by Masanori Orihara and published by . This book was released on 2017 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory dating back to Domar and Musgrave (1944, Quarterly Journal of Economics 58, 388-422) suggests that the tax treatment of gains and losses can affect incentives for firms to undertake high-risk investments. We take advantage of a 2002 tax reform in Japan as a natural experiment to test this theory. The reform introduced a consolidated taxation system (CTS) which allows business groups to offset gains with losses across firms in their group. Thus, we predict that the CTS can mitigate disincentives to high-risk investments. Using information on R&D as the investment risk measures, we find that the CTS increases R&D, in agreement with Domar and Musgrave (1944). We also provide evidence that the CTS stimulates risk-sharing across group members. These findings suggest that mitigating tax asymmetries is an effective policy both for risk-taking and risk-sharing.
Book Synopsis The Role of Corporate Tax Asymmetries in a Continuous-time Model with Depreciation by : Paolo M. Panteghini
Download or read book The Role of Corporate Tax Asymmetries in a Continuous-time Model with Depreciation written by Paolo M. Panteghini and published by . This book was released on 2000 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Tax Asymmetries and R & D by :
Download or read book Corporate Tax Asymmetries and R & D written by and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
