研发税收抵免的有效性:来自替代性简化抵免的证据

IF 1.3 Q3 BUSINESS, FINANCE

Journal of the American Taxation Association Pub Date : 2015-04-01 DOI:10.2308/ATAX-50964

Andrew R. Finley, Stephen J. Lusch, Kirsten A. Cook

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引用次数: 29

摘要

摘要:本文研究了替代性简化信贷(ASC)对企业研发支出的影响。ASC弥补了之前研发税收抵免制度的一个明显缺陷，即在固定基准期内研发强度高和/或前四年销售额高的公司不能申请抵免。我们记录了在ASC颁布后研发税收抵免资格的大幅增加，并发现相对于不使用这种新的信贷计算选项的公司，其对研发支出的影响是积极的。具体来说，我们估计ASC每减少1美元的税收收入，就会增加2.26美元的研发支出。这些结果提供了证据，证明在企业有两种信用计算方法选择的情况下，ASC刺激了研发投资。JEL分类:H25, H32, O31

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Effectiveness of the R&D Tax Credit: Evidence from the Alternative Simplified Credit

ABSTRACT: We examine the influence of the Alternative Simplified Credit (ASC) on firms' research and development (R&D) spending. The ASC remedies a perceived flaw with the previous R&D tax credit regime that excluded firms with high R&D intensities during their fixed-base periods and/or high sales in the previous four years from claiming a credit. We document a large increase in R&D tax credit eligibility following the enactment of the ASC, and find that its effect on R&D spending was positive relative to firms not utilizing this new credit-calculation option. Specifically, we estimate that the ASC induced an additional $2.26 of R&D spending for every dollar of forgone tax revenue. These results provide evidence that the ASC has spurred R&D investment in a setting where firms have a choice between two credit-calculation methods. JEL Classifications: H25, H32, O31

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来源期刊

Journal of the American Taxation Association BUSINESS, FINANCE-

CiteScore

3.20

自引率

12.50%

发文量