Nowa wersja platformy, zawierająca wyłącznie zasoby pełnotekstowe, jest już dostępna.
Przejdź na https://bibliotekanauki.pl

PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
Czasopismo
2022 | 18 | nr 3 | 68-79
Tytuł artykułu

Net Operating Loss Policies in Poland : a Tool for Tax Neutrality and a Firm's Antifragility

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The purpose of the article is to check the impact of Net Operating Loss Policies (NOL) for firms. Net Operating Loss Policies (NOL) are a central fiscal tool because they enable firms to be taxed on their average profitability over time. A complete NOL policy has 4 dimensions: a NOL carry- forward (1), carry-back (2), unlimited in time (3) and with the time value of money (4) taken into account. No country applies a complete NOL policy. To evaluate the impact of all dimensions of NOL policies, Polish firm data from 41 sectors from the BACH database over ten years, from 2011 to 2020, are analysed. The results show that the change observed in the effective tax rate is posi- tive with a complete NOL policy. In such case, firms pay less CIT in total, showing that the state will earn less, but should get more stability from firms which will hoard more cash. More invest- ments or firms with more equity could be reached, strengthening the state's stability. The vari- ance confirms such intuition, an earlier use of a full or almost full fiscal deficit logically means a higher effective tax rate in years to come (but less in gross terms). (original abstract)
Czasopismo
Rocznik
Tom
18
Numer
Strony
68-79
Opis fizyczny
Twórcy
  • exco A2A Polska, Poland
Bibliografia
  • Ahsan, S.M., Tsigaris, P., (2009). The Efficiency Loss of Capital Income Taxation under Imperfect Loss Offset Provisions. Public Finance Review, 37(6), 710-731.
  • Atkinson, A.B. & Stiglitz, J.E. (1976). The Design of Tax Structure: Direct Versus Indirect Taxation. Journal of Public Economics, Elsevier, 6(1-2), 55-75.
  • Auerbach, A.J. & D. Feenberg (2000). The Significance of Federal Taxes as Automatic Stabilizers. Journal of Economic Perspectives 14(3), 37-56.
  • Buettner, T., & Fuest, C.,(2010). The Role of the Corporate Income Tax as an Automatic Stabilizer. International Tax and Public Finance, 17(6), 686-698.
  • Cochrane, E. & Fandos, N. (2020). Senate Approves $2 Trillion Stimulus After Bipartisan Deal. New York Times. Retrieved from https://www.nytimes.com/2020/03/25/us/politics/coronavirus-senate-deal.html. (Accessed 2022.08.01).
  • Devereux, M.P., & Fuest, C. (2009). Is the Corporation Tax an Effective Automatic Stabilizer? National Tax Journal, National Tax Association; National Tax Journal, 62(3), 429-437.
  • Doernberg, R.L., (2008). International taxation. 8th edition. Eagan: Thomson-West.
  • Dressler, D. & Overesch, M., (2010). Investment impact of Tax Loss Treatment: Empirical Insights From a Panel of Multinationals. No 10-097, ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research.
  • Hanappi, T. (2018). Loss Carryover Provisions: Measuring Effects on Tax Symmetry and Automatic Stabilisation. OECD Taxation Working Papers 35, OECD Publishing.
  • Heitzman, S. & Lester, R., (2021). Tax Loss Measurement. National Tax Journal, University of Chicago Press, 74(4), 867-893.
  • League of Nations Fiscal Committee, (1939). Report to the Council on the work of the ninth session of the Committee: held at Geneva from June 12th to 21st, 1939. Series of League of Nations publications, II, Economic and financial 1939. II.A. 13, ref. no. C.181.M.110.1939.II.A.[F./Fiscal.102.] (Geneva: League of Nations).
  • Mirrlees, J., Adam, S., Besley, T., Blundell, R., Bond, S., Chote, R., Gammie, M., Johnson, P., Myles, G. & Poterba, J. (2011). Tax by Design: The Mirrlees Review. Oxford UK: Oxford University Press.
  • Sharma, R., Slemrod, J. & Stimmelmayr, M., (2021). Tax Losses and Ex-Ante Offshore Transfer of Intellectual Property. CESifo Working Paper No. 9262. Center for Economic Studies and ifo Institute (CESifo), Munich.
  • Smith, A. (1776) [2014]. The Wealth of Nations. North Charleston: Createspace Independent Publishing Platform.
  • Taleb, N.N. (2012). Antifragile: Things That Gain from Disorder. New York: Random House.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171659124
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.