Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73752
Authors: 
Dorn, Sabrina
Year of Publication: 
2009
Series/Report no.: 
Ifo Working Paper 73
Abstract: 
This contribution revises Monte-Carlo based simulation techniques as used in BusinessTaxation and Accounting literature, most prominently proposed by fellows ofTherefore, we focus on a methodically orientated discussion. Our results suggestthe standard approach leads to biased estimates of expected discounted tax paymentsassuming cash flow uncertainty and incomplete loss-offset regulations. We built upcritique by giving an analytical expression for expected discounted tax paymentsformulating the structure of probability weighted tax states in the future conditionalcash flows above or be-low zero. Consequently, this enables us to evaluate the resultsobtained from the standard Monte-Carlo approach within a numerical analysis.
Subjects: 
Arqus
cash flow uncertainty
limited loss-offset
Monte-Carlo simulations
JEL: 
G31
H25
K34
Document Type: 
Working Paper

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