search query: @indexterm investment incentives / total: 88
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| Author: | König, R. |
| Title: | Ungelöste Probleme einer investitionsneutralen Besteuerung - Gemeinsame Wurzel unterschiedlicher neutraler Steuersysteme und die Berücksichtigung unsicherer Erwartungen |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1997 : VOL. 49:1, p. 42-63 |
| Index terms: | TAXATION INVESTMENT INCENTIVES DEPRECIATION |
| Language: | ger |
| Abstract: | It is the purpose of this paper to develop a general plan for an investment-neutral business tax. Two well-known ways of levying a neutral business tax are special cases of this general plan: the deductibility of economic depreciation and the cash-flow tax. Under certainty there exists an infinity of tax systems which have no influence on the investment decision, so it is questionable whether investment-neutrali- ty is the proper mean for measuring the effects of non-neu- tral real tax rules. The concept of investment-neutral tax systems is then extended to the case of uncertainty. It is shown that, under the assumption that the uncertain net present value of an investment project is accepted as a basis for decision-making, there exist tax systems which in general are investment-neutral and are equivalent to the deductibility of economic depreciation. |
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