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The Role of the Corporate Income Tax as an Automatic Stabilizer
Buettner, Thiess; Fuest, Clemens - CESifo - 2009
restrictions. Taking account of the income tax rates and the size differences of the firms, we find that demand stabilization … through the corporate income tax amounts to about 8 per cent of an initial shock to gross revenues. This stabilization effect …
Persistent link: https://www.econbiz.de/10008583645
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The role of the corporate income tax as an automatic stabilizer
Büttner, Thiess; Fuest, Clemens - 2009
restrictions. Taking account of the income tax rates and the size differences of the firms, we find that demand stabilization … through the corporate income tax amounts to about 8 per cent of an initial shock to gross revenues. This stabilization effect … varies over the business cycle and tends to increase during cyclical downturns. -- corporate income tax ; stabilization …
Persistent link: https://www.econbiz.de/10003887453
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The Role of the Corporate Income Tax as an Automatic Stabilizer
Buettner, Thiess - 2009
restrictions. Taking account of the income tax rates and the size differences of the firms, we find that demand stabilization … through the corporate income tax amounts to about 8 per cent of an initial shock to gross revenues. This stabilization effect …
Persistent link: https://www.econbiz.de/10013156033
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The Effect of Limited Tax Loss Carryforwards on Corporate Investment
Hillmann, Lisa; Jacob, Martin - 2022
This paper examines the corporate investment effect of a time limit on the use of net operating losses (NOLs). We predict that, when countries limit the use of NOLs to a few years instead of allowing indefinite use, managers of loss-making firms have an incentive to increase investments to...
Persistent link: https://www.econbiz.de/10013403931
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Do country risk factors attenuate the effect of taxes on corporate risk-taking?
Osswald, Benjamin; Sureth, Caren - 2020 - June 2020
This study investigates whether country risk factors, including political and fiscal budget risk, attenuate the effectiveness of tax policy tools that aim to encourage corporate risk-taking. Exploiting a cross-country panel, we predict and find that the effectiveness of loss offset rules and tax...
Persistent link: https://www.econbiz.de/10012036128
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Tax influence on financial structures of M&As
Harendt, Christoph - 2018
In this paper, I investigate the influence of tax incentives on the financial structures of mergers and acquisitions (M&A) conducted by multinational entities (MNE). Previous research has already found evidence for tax avoidance by debt shifting. I analyze the importance of locating debt at...
Persistent link: https://www.econbiz.de/10011782963
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Depreciation allowances in South Africa
Calitz, Estian; Muwanga-Zake, Eva; Sithole, Alexius; … - 2020
Nowadays, tax depreciation allowances are used less as instruments of macroeconomic stabilization and more as long …
Persistent link: https://www.econbiz.de/10012203717
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Taxation and corporate risk-taking
Langenmayr, Dominika; Lester, Rebecca - 2014
We study whether the corporate tax system provides incentives for risky firm investment. We first model the effects of corporate tax rates and tax loss offset rules on firm risk-taking. Testing the theoretical predictions, we find that firm risk-taking is positively related to the length of tax...
Persistent link: https://www.econbiz.de/10010396087
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The Measurement of Corporate Tax Avoidance in the Presence of Net Operating Losses
Wolff, Hubertus - 2021
This article addresses the question whether net operating loss (NOL) observations can be implemented in the measurement of corporate tax avoidance and how the handling of losses affects the measurement outcome. I find that the implementation of NOLs in the measurement of tax avoidance is...
Persistent link: https://www.econbiz.de/10013234003
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Taxation and corporate risk-taking
Langenmayr, Dominika; Lester, Rebecca - 2017
We study whether the corporate tax system provides incentives for risky firm investment. We analytically and empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss rules shift some risk to the government; and second, the...
Persistent link: https://www.econbiz.de/10011688417