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| 003 | ES-MaIEF | ||
| 005 | 20230614145439.0 | ||
| 007 | ta | ||
| 008 | 190829s2019 us ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 041 | _aeng | ||
| 100 | 1 |
_960298 _aMaffini, Giorgia |
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| 245 | 4 |
_aThe impact of investment incentives _bevidence from UK corporation tax returns _c by Giorgia Maffini, Jing Xing and Michael P. Devereux |
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| 260 | _c2019 | ||
| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aUsing UK corporation tax returns, we provide evidence on the effects of accelerated depreciation allowances on investment, exploiting exogenous changes in the qualifying thresholds for first-year depreciation allowances (FYAs) in 2004. The investment rate of qualifying companies increased by 2.1–2.5 percentage points relative to those that did not qualify. We exploit variation in the timing of tax payments to show that this effect is primarily due to the change in the cost of capital, rather than a relaxation of financial constraints. Discontinuity at notches in the cost of capital at the qualifying thresholds does not affect our results. | ||
| 650 | 4 |
_917027 _aSOCIEDADES |
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| 650 | 4 |
_943879 _aINVERSIONES EMPRESARIALES |
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| 650 | 4 |
_944933 _aIMPUESTOS |
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| 650 | 4 |
_947462 _aINCENTIVOS FISCALES |
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| 650 | 4 |
_941766 _aDECLARACIONES TRIBUTARIAS |
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| 650 | 4 |
_948241 _aREINO UNIDO |
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| 700 | 1 |
_964123 _aXing, Jing |
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| 700 |
_912838 _aDevereux, Michael Pryce |
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| 773 | 0 |
_9160976 _oOP 2135/2019/3 _tAmerican Economic Journal. Economic Policy _w(IEF)134825 _x 1945-7731 _g v. 11, n. 3, August 2019, p. 261-389 |
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| 942 | _cART | ||