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dc.contributor.authorMehrmann, Annikaen
dc.contributor.authorSchneider, Georgen
dc.contributor.authorSureth, Carenen
dc.date.accessioned2012-07-19-
dc.date.accessioned2012-07-20T08:03:14Z-
dc.date.available2012-07-20T08:03:14Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/59879-
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
dc.language.isoengen
dc.publisher|aArbeitskreis Quantitative Steuerlehre (arqus) |cBerlin en
dc.relation.ispartofseries|aarqus Discussion Paper |x134en
dc.subject.jelH21en
dc.subject.jelH25en
dc.subject.ddc330en
dc.subject.keywordasymmetric taxationen
dc.subject.keywordloss offset restrictionsen
dc.subject.keywordtiming flexibilityen
dc.subject.keywordinvestment decisionsen
dc.subject.keyworduncertaintyen
dc.subject.keywordtax effectsen
dc.titleAsymmetric taxation of profits and losses and its influence on investment timing: Paradoxical effects of tax increases-
dc.typeWorking Paperen
dc.identifier.ppn719820588en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:arqudp:134en

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