In a benchmark case we find that, as confirmed in current literature, the corporate income tax has no incentive effect. If the principal accounts for the real option we show that paradoxical tax effects may occur. Also, with respect to the effect of the real option on the incentive problem...
This paper complements a small but growing literature on the eect of corpo- rate taxes on R&D investment and patent holdings. We provide evidence that patenting strategies are exploited as a device to transfer income to low-tax jurisdictions. Using data on the population of corporate patent appli...
This paper exploits a tax reform on manufacturing firms in China to study the impact of taxes on firm innovation. The reform switched the corporate income tax collection from the local to the state tax bureau and reduced the effective tax rate by 10%. The reform only applied to firms establi...
A Comment on the Viability of the Allowance for Corporate Equity This article, acknowledging the potentially important general attractions of the allowance for corporate equity (ACE), looks at some of its more specific implications. On corporate taxes, the article looks at questions about the implied...
THE IMPACT OF CORPORATE FORM, TAXES, AND LEVERAGE ON MULTINATIONAL NET INCOME UNDER FASB #8 AND FASB #52No abstract is available for this article.doi:10.1111/j.1540-6288.1984.tb00560.xJoseph E. FinnertyKenneth P. NunnJohn Wiley & Sons, LtdFinancial Review...
Our paper sheds light on the understanding of the correlation between corporate income tax and capital structure in emerging markets. 67.2 Literature Review MM theorem shows that a firm can’t create value by choosing a specific capital structure in a world without taxes or other imperfections...
Congress has passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2019 tax year.
Tax expenditure is a compulsory payment that the individuals, firms and corporates have to pay to the government. Taxes constitute a part of public revenue. It is utilised by the government to fulfill social and economic needs of the country....
Society Foundations launched by billionaire philanthropist George Soros. The fund had $130 million actively invested in impact ventures as of December 2022. The Foundation seeks to support "open societies" by promoting democracy, legal reforms, higher education, and journalism, as well as other ...
A budget surplus is generally considered a good thing because it means that the government has money left over that can be reinvested or spent to pay off debts. However, it depends on how wisely the government is spending money. If the government has a surplus because of high taxes or redu...