Arbeitspapier
Downward Revision of Investment Decisions after Corporate Tax Hikes
This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than previously planned increases by three percentage points after a tax hike. This effect is twice as large during recessions.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 9786
- Klassifikation
-
Wirtschaft
Portfolio Choice; Investment Decisions
Business Taxes and Subsidies including sales and value-added (VAT)
Fiscal Policies and Behavior of Economic Agents: Firm
State and Local Taxation, Subsidies, and Revenue
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Thema
-
investment
corporate taxation
state dependence
business cycle
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Link, Sebastian
Menkhoff, Manuel
Peichl, Andreas
Schüle, Paul
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Link, Sebastian
- Menkhoff, Manuel
- Peichl, Andreas
- Schüle, Paul
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2022
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