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

Richard Blaikie Fabling · Norman Gemmell · Richard Kneller · Lynda Sanderson

33 citations0/0 files storedMotu working paper

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Taxation and Avoidance Economic and Fiscal Studies Fiscal Policy and Economic Growth

Abstract

Effective marginal tax rates (EMTRs) 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 foreign-owned and domestically-owned firms. Choices among alternative UCC measures make a difference to interpretations.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 33 citations exist upstream.

References

2011What Determines Productivity?1967Tax Policy and Investment Behavior 2004A Multinational Perspective on Capital Structure Choice and Internal Capital Markets 2002Corporate income tax reforms and international tax competition 2002Evaluating Tax Policy for Location Decisions 1984The Taxation of Income from Capital 1979Wealth Maximization and the Cost of Capital 2010What Determines Productivity?

Cited by

2015TAXATION AND THE USER COST OF CAPITAL 2017The Right Kind of Help? Tax Incentives for Staying Small 2014Natural Selection: Firm Performance Following the Canterbury Earthquakes

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.