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Estimating Firm-Level Effective Tax Rates and the User Cost of Capital in New Zealand

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dc.contributor.author Fabling, Richard
dc.contributor.author Gemmell, Norman
dc.contributor.author Kneller, Richard
dc.contributor.author Sanderson, Lynda
dc.date.accessioned 2013-07-18T03:38:57Z
dc.date.accessioned 2022-07-05T02:47:36Z
dc.date.available 2013-07-18T03:38:57Z
dc.date.available 2022-07-05T02:47:36Z
dc.date.copyright 2013
dc.date.issued 2013
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/18787
dc.description.abstract Effective marginal tax rates can be very different from the statutory rate and vary across firms, reflecting such factors as the extent and nature of taxable deductions (losses, depreciation), asset and ownership structures, and debt/equity financing. We estimate firm-specific EMTRs and related user cost of capital (UCC) measures allowing for shareholder-level taxation using data for 2000-2010 from the Longitudinal Business Database. Examining distributions of various UCC measures we find substantial firm-level heterogeneity; systematic changes as a result of tax reforms between 2004 and 2011; and systematic differences between foreignowned and domestically-owned firms. Choices among alternative UCC measures make a difference to interpretations. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Working Papers in Public Finance ; 12/2013 en_NZ
dc.subject Tax rates en_NZ
dc.subject Taxable deductions en_NZ
dc.subject Companies en_NZ
dc.title Estimating Firm-Level Effective Tax Rates and the User Cost of Capital in New Zealand en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Accounting and Commercial Law en_NZ
vuwschema.subject.anzsrcfor 150107 Taxation Accounting en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 350108 Taxation accounting en_NZ
dc.rights.rightsholder www.victoria.ac.nz/sacl/about/cpf en_NZ

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