000			01698nab a2200289 c 4500
999			_c142383 _d142383
003			ES-MaIEF
005			20200820125234.0
007			ta
008			200820t2020 gw ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_92480 _aPark, Jongsang
245		4	_aThe role of leasing in the effectiveness of corporate tax policy _bevidence from the 2002 bonus depreciation _c Jongsang Park and Sukha Shin
260			_c2020
500			_aDisponible también en formato electrónico.
500			_aResumen.
504			_aBibliografía.
520			_aFirms can use capital that they either purchase or lease, but these alternatives are treated differently for tax purposes. This paper derives the demand for leased capital as a function of tax parameters, and uses the model to estimate the responsiveness of leasing to the 2002 bonus depreciation, finding strong evidence that depreciation allowances influence leasing patterns. Firms that stood to benefit the least from depreciation allowances were the most likely to lease capital during the temporary bonus depreciation period. Specifically, we find that a lessee with a marginal tax rate of zero increases the fraction of leased investment by up to 10 percentage points during the period, compared to a fully taxed lessee.
650		4	_931110 _aARRENDAMIENTO FINANCIERO
650		4	_948454 _aSOCIEDADES
650		4	_943879 _aINVERSIONES EMPRESARIALES
650		4	_948026 _aPLANIFICACION FISCAL
650		4	_947776 _aMODELOS ECONOMETRICOS
700	1		_968150 _aShin, Sukha
773	0		_9162410 _oOP 207/2020/2 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _gv. 76, n. 2, June 2020, 121-145
942			_cART