Corporate taxation and capital accumulation

Preprint OPEN
Stephen Bond; Jing Xing;
  • Subject: capital accumulation, user cost of capital, corporate taxation
    • jel: jel:E62 | jel:E22 | jel:H25
    acm: ComputingMilieux_GENERAL | ComputingMilieux_LEGALASPECTSOFCOMPUTING

We present new empirical evidence that aggregate capital accumulation is strongly influenced by the user cost of capital and, in particular, by corporate tax incentives summarised in the tax-adjusted user cost. We use sectoral panel data for the USA, Japan, Australia an... View more
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