全球智库信息集成服务系统(G2TT): The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w15177
来源ID	Working Paper 15177
	The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates
	John R. Graham; Hyunseob Kim
发表日期	2009-07-23
出版年	2009
语种	英语
摘要	We investigate how the length of the net operating loss carryback period affects corporate liquidity and marginal tax rates. We estimate that extending the carryback period from two to five years, as recently proposed in President Obama's budget blueprint, would provide $19 ($34) billion of additional liquidity to the corporate sector for 2008 (2009). Our calculations imply that the benefits of the extended carryback period would be concentrated in the homebuilding, automobile, and financial industries. Extending the carryback period would increase the marginal tax rate of loss firms by more than 200 basis points on average, which all else equal would lead corporations to use an additional $8 ($10) billion of debt and reduce tax payments by another $1.2 ($1.5) billion in 2008 (2009). Overall, the tax break proposed by the Obama administration would have a significant liquidity effect on corporations suffering large losses in recent years. If the tax proposal were extended to include TARP firms, the liquidity effect would triple in size.
主题	Financial Economics ; Corporate Finance ; Public Economics ; Taxation ; Other ; Law and Economics
URL	https://www.nber.org/papers/w15177
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/572853
推荐引用方式 GB/T 7714	John R. Graham,Hyunseob Kim. The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates. 2009.

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文件名称/大小	资源类型	版本类型	开放类型	使用许可
w15177.pdf（95KB）	智库出版物		限制开放	CC BY-NC-SA	浏览