Effective Tax Rates and the User Cost of Capital when Interest Rates are Low
| dc.contributor.author | Creedy, John | |
| dc.contributor.author | Gemmell, Norman | |
| dc.date.accessioned | 2022-07-11T21:36:24Z | |
| dc.date.accessioned | 2017-12-06T21:40:12Z | |
| dc.date.available | 2022-07-11T21:36:24Z | |
| dc.date.available | 2017-12-06T21:40:12Z | |
| dc.date.copyright | 2017 | |
| dc.date.issued | 2017 | |
| dc.description.abstract | Interest rates are a key component of both user cost and effective tax rate measures of company taxation, and each is regularly used in empirical tests of tax impacts on investment. However, it is shown that when interest rates are low the two measures are not monotonically related. Using a simulated sample of observations, this feature is found to generate perverse estimates of the effects of taxation on the investment plans of firms. | en_NZ |
| dc.format | en_NZ | |
| dc.identifier.uri | https://ir.wgtn.ac.nz/handle/123456789/20292 | |
| dc.language.iso | en_NZ | |
| dc.publisher | Te Herenga Waka—Victoria University of Wellington | en_NZ |
| dc.relation.ispartofseries | Working Papers in Public Finance ; 02/2017 | en_NZ |
| dc.rights.rightsholder | www.victoria.ac.nz/sacl/about/cpf | en_NZ |
| dc.subject | Interest rates | en_NZ |
| dc.subject | Company taxation | en_NZ |
| dc.subject | Business taxes | en_NZ |
| dc.subject | Investment | en_NZ |
| dc.title | Effective Tax Rates and the User Cost of Capital when Interest Rates are Low | en_NZ |
| dc.type | Text | en_NZ |
| vuwschema.contributor.unit | School of Accounting and Commercial Law | en_NZ |
| vuwschema.subject.anzsrcfor | 140399 Econometrics not elsewhere classified | en_NZ |
| vuwschema.subject.anzsrcforV2 | 380299 Econometrics not elsewhere classified | en_NZ |
| vuwschema.type.vuw | Working or Occasional Paper | en_NZ |
