Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65738
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dc.contributor.authorPolito, Vitoen_US
dc.date.accessioned2011-07-14en_US
dc.date.accessioned2012-11-02T14:26:48Z-
dc.date.available2012-11-02T14:26:48Z-
dc.date.issued2011en_US
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_US
dc.language.isoengen_US
dc.publisher|aCardiff University, Cardiff Business School |cCardiffen_US
dc.relation.ispartofseries|aCardiff Economics Working Papers |xE2011/14en_US
dc.subject.jelH3en_US
dc.subject.ddc330en_US
dc.subject.keyworddeferred taxationen_US
dc.subject.keywordeffective marginal tax ratesen_US
dc.subject.keywordtaxation of income from capitalen_US
dc.subject.stwInvestitionen_US
dc.subject.stwKapitalertragsteueren_US
dc.subject.stwSteuerpolitiken_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwUSAen_US
dc.titleDeferred taxation and effective tax rates on income from capital in the United States, 2000 - 2010en_US
dc.typeWorking Paperen_US
dc.identifier.ppn664239099en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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