2015
DOI: 10.2139/ssrn.2608166
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At a Loss: The Real and Reporting Elasticity of Taxable Income

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Cited by 16 publications
(12 citation statements)
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“…For instance, Djankov et al (2010) resort to a cross-section of 85 countries and examine how corporate taxes and other taxes are related to aggregate investment. More recently, Giroud and Rauh (2017), as well as Patel et al (2017), examine the effect of corporate taxes on investment using administrative tax data from the United States of America (USA) collectively; these papers (as many others) show that corporate taxes adversely affect corporate investment. Also, the literature documents that corporate payout taxation -dividends and stock repurchases -affect the allocation of investment across financially constrained and unconstrained firms (e.g.…”
Section: Real Effects Of Taxationmentioning
confidence: 99%
See 1 more Smart Citation
“…For instance, Djankov et al (2010) resort to a cross-section of 85 countries and examine how corporate taxes and other taxes are related to aggregate investment. More recently, Giroud and Rauh (2017), as well as Patel et al (2017), examine the effect of corporate taxes on investment using administrative tax data from the United States of America (USA) collectively; these papers (as many others) show that corporate taxes adversely affect corporate investment. Also, the literature documents that corporate payout taxation -dividends and stock repurchases -affect the allocation of investment across financially constrained and unconstrained firms (e.g.…”
Section: Real Effects Of Taxationmentioning
confidence: 99%
“…Policymakers around the world frequently change corporate taxes or payout taxes to spur economic growth (e.g. Djankov, Ganser, McLiesh, Ramalho & Shleifer, 2010;Becker, Jacob & Jacob, 2013;Yagan, 2015;Alstadsaeter, Jacob & Michaely, 2017;Jacob, Müller & Michaely, 2017;Giroud & Rauh, 2017;Patel, Seegert & Smith, 2017). Empirical tax research may inform policymakers whether the intended goals are met.…”
Section: Introductionmentioning
confidence: 99%
“…Using Compustat data, they implement an empirical design that is motivated by the elasticity of taxable income literature for individual income taxation, and find an elasticity of −0.2. In a similar vein, Devereux et al (2014) estimate this elasticity for UK firms using administrative tax data; Patel et al (2015) estimate this elasticity for US firms using administrative tax data. 12 An alternative is to investigate the determinants of the tax base, rather than tax revenue.…”
Section: Previous Researchmentioning
confidence: 99%
“…Finally, our specifications include controls for two tax-related variables. We control for corporate income taxes that can affect corporate investment by changing the profitability of such investments (e.g., Auerbach, 1983;Djankov et al, 2010;Patel et al, 2017;Giroud and Rauh, 2018). We also control for changes in the required holding period to qualify for long-term capital gains tax benefit.…”
Section: Methodsmentioning
confidence: 99%