Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65738 
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dc.contributor.authorPolito, Vitoen
dc.date.accessioned2011-07-14-
dc.date.accessioned2012-11-02T14:26:48Z-
dc.date.available2012-11-02T14:26:48Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/65738-
dc.description.abstractThe accounting and economic literature have long highlighted the potential implications of deferred taxation for tax policy analysis. This paper incorporates deferred taxation into the neoclassical investment model for the computation of the Effective Tax Rate (ETR) on business investment and revisits the empirical evidence on the evolution of ETRs in the United States over the last decade. The numerical results show that after including deferred taxation there is little differential in the ETRs across assets; ETRs in the 2000s have been essentially in line with statutory rates; and partial expensing had little effect on ETRs. These results hold whether investment is financed by equity or debt; profits are distributed to individual shareholders through dividends, interests or capital gains; and regardless of the differential between book and economic depreciation.en
dc.language.isoengen
dc.publisher|aCardiff University, Cardiff Business School |cCardiffen
dc.relation.ispartofseries|aCardiff Economics Working Papers |xE2011/14en
dc.subject.jelH3en
dc.subject.ddc330en
dc.subject.keyworddeferred taxationen
dc.subject.keywordeffective marginal tax ratesen
dc.subject.keywordtaxation of income from capitalen
dc.subject.stwInvestitionen
dc.subject.stwKapitalertragsteueren
dc.subject.stwSteuerpolitiken
dc.subject.stwOptimale Besteuerungen
dc.subject.stwUSAen
dc.titleDeferred taxation and effective tax rates on income from capital in the United States, 2000 - 2010-
dc.typeWorking Paperen
dc.identifier.ppn664239099en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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