The gap between the accounting and tax is resulted from different definitions of capital expenditure and qualifying asset and also different deduction rate and useful life used in calculating depreciation. This paper proposes the government to revise the current capital allowance system....
and amortization to total assets (Tax). Indeed, firms with large amounts of non-debt-tax shields must reduce their access to external financing. In addition, we used the inflation rate to control the instability of the economic environment. Finally, we utilized the GDP growth rate (GDPG) ...