全球智库信息集成服务系统(G2TT): Does the Tax System Favor Investment in High-Tech or Smoke-Stack Industries?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w1600
来源ID	Working Paper 1600
	Does the Tax System Favor Investment in High-Tech or Smoke-Stack Industries?
	Don Fullerton; Andrew B. Lyon
发表日期	1985-04-01
出版年	1985
语种	英语
摘要	When tax rates vary by asset, a "hidden" industrial policy may aid industries that invest in a certain mix of assets. In this paper, we examine whether differential use of depreciable assets gives rise to differential tax treatment of high technology industries relative to other industries. First, we calculate the total effective tax rate on a marginal investment in each of 34 assets. Next, using these asset-specific tax rates and weighting by the use of these assets in each of 73 different industries, we calculate total effective tax rates at the industry level. We find considerable variation within the high-tech sector and within the more traditional sector, but for the case of a taxable firm with a given debt/equity ratio, we do not find any systematic differences between overall rates in the two sectors.
主题	Macroeconomics
URL	https://www.nber.org/papers/w1600
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/558841
推荐引用方式 GB/T 7714	Don Fullerton,Andrew B. Lyon. Does the Tax System Favor Investment in High-Tech or Smoke-Stack Industries?. 1985.