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dc.contributor.authorMehrmann, Annikaen_US
dc.contributor.authorSchneider, Georgen_US
dc.contributor.authorSureth, Carenen_US
dc.description.abstractApplying a time-discrete investment model and a setting with an entry and an exit option and cash flow uncertainty we present a dynamic analysis of the impact of various loss offset regimes on risky investment timing decisions. We find that a tax system with loss offset restrictions will not distort timing decisions if the investor can exit the project. By contrast, in a setting without exit flexibility a tax discrimination against losses can cause paradoxical effects. In that respect, we analytically identify conditions for higher taxes to increase investors' propensity to choose early investment and hence accelerate entrepreneurial investment.en_US
dc.publisherArbeitskreis Quantitative Steuerlehre (arqus) Berlinen_US
dc.relation.ispartofseriesArqus-Diskussionsbeiträge zur quantitativen Steuerlehre 134en_US
dc.subject.keywordasymmetric taxationen_US
dc.subject.keywordloss offset restrictionsen_US
dc.subject.keywordtiming flexibilityen_US
dc.subject.keywordinvestment decisionsen_US
dc.subject.keywordtax effectsen_US
dc.titleAsymmetric taxation of profits and losses and its influence on investment timing: Paradoxical effects of tax increasesen_US
dc.typeWorking Paperen_US
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