Journal title ECONOMIA PUBBLICA
Author/s Francesco Crespi, Antonio Di Majo, Maria Grazia Pazienza
Publishing Year 2010 Issue 2009/3-4 Language Italian
Pages 23 P. 91-113 File size 1333 KB
DOI is like a bar code for intellectual property: to have more infomation click here
Below, you can see the article first page
If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits
FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.
The Italian Budget Law for the year 2008 introduces a business tax reform, which is inspired to an analogous reform established in Germany in the same year, with the aim of making the corporate taxation system more attractive for capital flows and capable of enhancing firms’ investment activities. The paper focuses on the latter issue and addresses the analysis of the potential effects of the diverse measures adopted with the reform on the dynamics of corporate investments. The essay is organised as follows. In the first section a review of the innovations introduced with the reform is provided; the second paragraph discusses the major elements of the reform’s rationale; in the third section we analyse the effects of the main novelties through a simulation based on firm level data derived by the last two waves of the Capitalia Survey on manufacturing companies covering the period 1998-2003. Finally, in order to further analyse the potential impact of the reform on firms’ decisions, paragraph four presents the results of econometric estimates of the functions of financial debts and corporate investments, which take into account the effects of proper fiscal variables.
Jel codes: H25, H32, H87
Francesco Crespi, Antonio Di Majo, Maria Grazia Pazienza, La riforma italiana della tassazione delle imprese e i suoi effetti sulle decisioni di investimento in "ECONOMIA PUBBLICA " 3-4/2009, pp 91-113, DOI: 10.3280/EP2009-003004