| pdf-Format:
|
|
|
| Dokument in Google Scholar suchen: |
|  
|
| Social Media: |
|
|
| Export: |
|
|
| Abrufstatistik: |
| 
|
| SWD-Schlagwörter: |
| Körperschaftsteuer , Steuerwirkung , Forschung und Entwicklung |
| Freie Schlagwörter (Englisch): |
| corporate taxation , research and development , micro data |
| Institut 1: |
| Institut für Volkswirtschaftslehre |
| Institut 2: |
| Forschungszentrum Innovation und Dienstleistung |
| DDC-Sachgruppe: |
| Wirtschaft |
| Dokumentart: |
| ResearchPaper |
| Schriftenreihe: |
| FZID discussion papers |
| Bandnummer: |
| 66 |
| Sprache: |
| Englisch |
| Erstellungsjahr: |
| 2013 |
| Publikationsdatum: |
| 25.02.2013 |
| |
| Lizenz: |
|
Veröffentlichungsvertrag mit der Universitätsbibliothek Hohenheim ohne Print-on-Demand
|
| |
| Kurzfassung auf Englisch: |
| This paper examines the impact of tax incentives on corporate research and development (R&D) activity. Traditionally, R&D tax incentives have been provided in the form of special tax allowances and tax credits. In recent years, several countries moreover reduced their income tax rates on R&D output. Previous papers have shown that all three tax instruments are effective in raising the quantity of R&D related activity. We provide evidence that, beyond this quantity effect, corporate taxation also distorts the quality of R&D projects, i.e. their innovativeness and revenue potential. Using rich data on corporate patent applications to the European patent office, we find that a low tax rate on patent income is instrumental in attracting innovative projects with a high earnings potential and innovation level. The effect is statistically significant and economically relevant and prevails in a number of sensitivity checks. R&D tax credits and tax allowances are in turn not found to exert a statistically significant impact on project quality. |
