| dc.creator |
Panteghini, Paolo M. |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:01:49Z |
|
| dc.date.available |
2013-10-16T07:01:49Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18885 |
|
| dc.identifier |
ppn:393237257 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18885 |
|
| dc.description |
This article compares an ACE system with a CBIT system in an open economy. Using a realoption approach we show that, if a firm can decide when to invest, a tradeoff is found. According to traditional wisdom, a high-income firm investing in an ACE system faces a heavier tax burden at each instant. On the other hand, it finds it optimal to invest earlier, thereby enjoying a longer stream of income. If, given the same tax burden, the latter effect is great enough, the firm will prefer the ACE system. In this article we also run a simulation which shows that preference for an ACE system is a realistic result. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
CESifo working papers 1246 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
H32 |
|
| dc.subject |
H25 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
corporate taxation |
|
| dc.subject |
open economy |
|
| dc.subject |
timing and real options |
|
| dc.subject |
Körperschaftsteuer |
|
| dc.subject |
Unternehmensbesteuerung |
|
| dc.subject |
Steuerbemessung |
|
| dc.subject |
Steuerliches Anrechnungsverfahren |
|
| dc.subject |
Investition |
|
| dc.subject |
Realoption |
|
| dc.subject |
Betriebliche Terminplanung |
|
| dc.subject |
Theorie |
|
| dc.title |
Wide vs. narrow tax bases under optimal investment timing |
|
| dc.type |
doc-type:workingPaper |
|