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dc.contributor.authorPanteghini, Paolo M.en_US
dc.date.accessioned2006-09-06en_US
dc.date.accessioned2009-07-28T08:12:38Z-
dc.date.available2009-07-28T08:12:38Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/25829-
dc.description.abstractThe evidence shows that in most countries the present value of depreciation allowances is less than 100% of the cost of capital. In this article we use a real-option model with debt financing, and show that less favorable depreciation allowances are offset by tax benefits arising from debt financing. Allowing partial deduction of capital cost is thus a necessary condition for investment neutrality to hold.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 1784en_US
dc.subject.jelD92en_US
dc.subject.jelG33en_US
dc.subject.ddc330en_US
dc.titleA simple explanation for the unfavorable tax treatment of investment costsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn517038129en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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