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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.authorFabling, Richard
dc.contributor.authorGemmell, Norman
dc.contributor.authorKneller, Richard
dc.contributor.authorSanderson, Lynda
dc.date.accessioned2013-07-18T03:38:57Z
dc.date.accessioned2022-07-05T02:47:36Z
dc.date.available2013-07-18T03:38:57Z
dc.date.available2022-07-05T02:47:36Z
dc.date.copyright2013
dc.date.issued2013
dc.description.abstractEffective 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.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/18787
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.relation.ispartofseriesWorking Papers in Public Finance ; 12/2013en_NZ
dc.rights.rightsholderwww.victoria.ac.nz/sacl/about/cpfen_NZ
dc.subjectTax ratesen_NZ
dc.subjectTaxable deductionsen_NZ
dc.subjectCompaniesen_NZ
dc.titleEstimating Firm-Level Effective Tax Rates and the User Cost of Capital in New Zealanden_NZ
dc.typeTexten_NZ
vuwschema.contributor.unitSchool of Accounting and Commercial Lawen_NZ
vuwschema.subject.anzsrcfor150107 Taxation Accountingen_NZ
vuwschema.subject.anzsrcforV2350108 Taxation accountingen_NZ
vuwschema.type.vuwWorking or Occasional Paperen_NZ

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