Add to ORKGWhen tax rates vary by asset, a "hidden" industrial policy may aid industries that invest in a certain mix of assets. In this paper, we examine whether differential use of depreciable assets gives rise to differential tax treatment of high technology industries relative to other industries. First, we calculate the total effective tax rate on a marginal investment in each of 34 assets. Next, using these asset-specific tax rates and weighting by the use of these assets in each of 73 different industries, we calculate total effective tax rates at the industry level. We find considerable variation within the high-tech sector and within the more traditional sector, but for the case of a taxable firm with a given debt/equity ratio, we do not find...
This dissertation concerns the impact of government tax policies on firm investment behavior, an imp...
The U.S. corporate tax distorts the behavior of both real and financial decisions. With respect to t...
In most countries, profit taxation is probably much more relevant nowadays than trade liberalisation...
The U.S. corporate income tax system provides investment incentives that vary across asset types. Do...
The U.S. corporate income tax system provides investment incentives that vary across asset types. Do...
When governments apply high tax rates targeted at natural resource rent, there must be generous dedu...
This paper reconsiders the effects of taxation on risky assets, recognizing the importance of variat...
Structures constitute more than three-quarters of the U.S. tangible capital stock. Despite their rel...
This paper examines a tax on corporate assets as an alternative and/or complement to a tax on corpor...
Although the statutory rate of tax on most corporate capital income is.46, the expected tax on a new...
This paper develops and analyzes a model in which tax considerations and financial reporting conside...
The accounting and economic literature have long highlighted the potential implications of deferred ...
Heterogeneous firm productivity raises the question of whether governments should pursue `pick-the-w...
Traditional analysis of the taxation of income from capital has focused on the impact of tax on marg...
Heterogeneous firm productivity seems to provide an argument for governments to pursue 'pick-the-win...
This dissertation concerns the impact of government tax policies on firm investment behavior, an imp...
The U.S. corporate tax distorts the behavior of both real and financial decisions. With respect to t...
In most countries, profit taxation is probably much more relevant nowadays than trade liberalisation...
The U.S. corporate income tax system provides investment incentives that vary across asset types. Do...
The U.S. corporate income tax system provides investment incentives that vary across asset types. Do...
When governments apply high tax rates targeted at natural resource rent, there must be generous dedu...
This paper reconsiders the effects of taxation on risky assets, recognizing the importance of variat...
Structures constitute more than three-quarters of the U.S. tangible capital stock. Despite their rel...
This paper examines a tax on corporate assets as an alternative and/or complement to a tax on corpor...
Although the statutory rate of tax on most corporate capital income is.46, the expected tax on a new...
This paper develops and analyzes a model in which tax considerations and financial reporting conside...
The accounting and economic literature have long highlighted the potential implications of deferred ...
Heterogeneous firm productivity raises the question of whether governments should pursue `pick-the-w...
Traditional analysis of the taxation of income from capital has focused on the impact of tax on marg...
Heterogeneous firm productivity seems to provide an argument for governments to pursue 'pick-the-win...
This dissertation concerns the impact of government tax policies on firm investment behavior, an imp...
The U.S. corporate tax distorts the behavior of both real and financial decisions. With respect to t...
In most countries, profit taxation is probably much more relevant nowadays than trade liberalisation...