Expensed Intangibles Have a Zero Effective Tax Rate...Not!
10 Pages Posted: 7 Sep 2007 Last revised: 21 Dec 2016
Date Written: September 10, 2007
Tom Neubig was Ernst & Young's national director of quantitative economics and statistics in Washington and former chief economist and director of the U.S. Treasury Department's Office of Tax Analysis. He is a producer and user of effective tax rate analyses, and in this report highlights some key underlying assumptions that distort effective tax rate measures, particularly for intangible investments.
Keywords: tax, effective tax rate, expensing, intangible investment
JEL Classification: G30, G38, H00, H20, H25, H32
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