CRÉDITO FISCAL, COSTES FINANCIEROS E INVERSIÓN EMPRESARIAL: EVIDENCIA PARA ESPAÑA CON UN PANEL DE MICRODATOS TRIBUTARIOS

The aim of this work is to analyse the effectiveness of investment tax credit in the Spanish Corporate Tax. For this purpose, we estimate a dynamic investment model based on investment Euler equation where investment and financing decisions are simultaneous. We have found that tax credit is not very effective when dealing with small firms. Classification-JEL : G31, G32, H25, H32, L60

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Year of publication:	2001
Authors:	Jordán, Desiderio Romero ; Carbonell, Jesús Ruiz-Huerta
Published in:	Hacienda Pública Española. - Instituto de Estudios Fiscales. - 2001, 3
Publisher:	Instituto de Estudios Fiscales
Subject:	investment \| corporate tax \| tax credit \| cash-flow

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Extent:	application/pdf
Type of publication:	Article
Language:	Spanish
Source:	RePEc - Research Papers in Economics

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