Query Result Set
Skip Navigation Links
   ActiveUsers:606Hits:20285887Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search
  Hide Options
Sort Order Items / Page
TAX DEDUCTION (2) answer(s).
 
SrlItem
1
ID:   182747


Does tax deduction relax financing constraints? evidence from China's value-added tax reform / Wang, Jingwen; Shen, Guangjun; Tang, Dunzhe   Journal Article
Shen, Guangjun Journal Article
0 Rating(s) & 0 Review(s)
Summary/Abstract Financial constraint is a significant obstacle for firm growth, especially in developing countries where credit is scarce. This paper explores the role of tax policy in relaxing firms' financial constraints by exploiting China's value-added tax (VAT) reform that was initiated in 2004 and completed in 2009. We use a quasi-experimental method and Annual Survey of Industrial Firms (ASIF) data from 2000 to 2009 to estimate the VAT reform's policy effects on financial constraints. We show that the VAT reform significantly improves firms' external financing capacity by decreasing borrowing costs and promoting commercial credit. The findings are robust to alternative specifications but show heterogeneity across ownerships, firm sizes, regions, and between export and non-export firms. Our analysis suggests tax deduction is useful to relax firms' financial constraints.
        Export Export
2
ID:   176677


Energy retrofitting of urban buildings: a socio-spatial analysis of three mid-sized Italian cities / Magnani, Natalia; Carrosio, Giovanni; Osti, Giorgio   Journal Article
Magnani, Natalia Journal Article
0 Rating(s) & 0 Review(s)
Summary/Abstract The current paper analyses the issue of energy retrofitting of buildings in Italian cities. In particular a mixed-method approach is used combining the socio-spatial analysis of data on the most relevant policy tool, namely tax deduction, together with qualitative analysis of three case studies of middle-sized cities. The results show that on the one hand tax deduction has not been very effective in promoting a deep renovation of buildings and it may exacerbate already existing inequalities. On the other hand, it emerges that progress in eco-retrofit of buildings depends mainly on creation of new intermediators and intermediation incentives. They are increasingly necessary in an urban panorama that has become inevitably polycentric.
        Export Export