The impact of tax reform on corporate capital investment: Evidence from Australian panel data

Richardson, G; Lanis, R

The impact of tax reform on corporate capital investment: Evidence from Australian panel data

Richardson, G Lanis, R

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Publisher:: AFAANZ
Publication Type:: Conference Proceeding
Citation:: 2007 AFAANZ Conference, 2007, pp. 1 - 22
Issue Date:: 2007-01

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Field	Value	Language
dc.contributor.author	Richardson, G	en_US
dc.contributor.author	Lanis, R https://orcid.org/0000-0002-1821-8345	en_US
dc.contributor.editor	Stewart, J	en_US
dc.contributor.editor	Hay, D	en_US
dc.date	2007-07-01	en_US
dc.date.issued	2007-01	en_US
dc.identifier.citation	2007 AFAANZ Conference, 2007, pp. 1 - 22	en_US
dc.identifier.uri	http://hdl.handle.net/10453/11427
dc.description.abstract	We examine the impact of tax reform on corporate capital investment in Australia spanning the Ralph Review of Business Taxation reform. Based on panel data, our results indicate that corporate capital investment reduced because of the tax reform. The negative effects of the removal of accelerated depreciation exceeded the positive effects of the decrease in the corporate tax rate, hence corporate capital investment declined. Moreover, the decline was broad-based as it occurred across all major industry sectors. These findings remain robust to an alternate measure of corporate capital investment.	en_US
dc.publisher	AFAANZ	en_US
dc.relation.ispartof	2007 AFAANZ Conference	en_US
dc.relation.ispartof	Accounting and Finance Association of Australia and New Zealand Conference	en_US
dc.title	The impact of tax reform on corporate capital investment: Evidence from Australian panel data	en_US
dc.type	Conference Proceeding
utslib.location	Gold Coast, Australia	en_US
utslib.location.activity	Gold Coast, Australia	en_US
utslib.for	150104 International Accounting	en_US
utslib.for	150103 Financial Accounting	en_US
dc.location.activity	Gold Coast, Australia	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	open_access
pubs.consider-herdc	false	en_US
pubs.place-of-publication	Gold Coast, Australia	en_US
pubs.start-date	2007-07-01	en_US

Abstract:

We examine the impact of tax reform on corporate capital investment in Australia spanning the Ralph Review of Business Taxation reform. Based on panel data, our results indicate that corporate capital investment reduced because of the tax reform. The negative effects of the removal of accelerated depreciation exceeded the positive effects of the decrease in the corporate tax rate, hence corporate capital investment declined. Moreover, the decline was broad-based as it occurred across all major industry sectors. These findings remain robust to an alternate measure of corporate capital investment.

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http://hdl.handle.net/10453/11427