The effect of invisible tax preferences on investment and tax preference measures
成果类型：
Article
署名作者：
Robinson, Leslie A.; Sansing, Richard
署名单位：
Dartmouth College; Tilburg University
刊物名称：
JOURNAL OF ACCOUNTING & ECONOMICS
ISSN/ISSBN：
0165-4101
DOI：
10.1016/j.jacceco.2007.09.001
发表日期：
2008
关键词：
摘要：
This paper develops and analyzes a model in which tax considerations and financial reporting considerations have countervailing effects on a firm's investments in internally developed intangible assets. It also proposes and estimates a new measure of tax preferences, which we call the economic effective tax rate. This measure reflects both investments in intangible assets and the use of bebt financing, neither of which generates a book-tax difference. Our measure indicates that the economic effective tax rate was about 18 percent between 1988 and 2005, when the statutory tax rate was either 34 or 35 percent. (C) 2007 Elsevier B.V. All rights reserved.
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