The Resource Real-World ACE reforms and the Italian experience : towards a general trend?
Real-World ACE reforms and the Italian experience : towards a general trend?
Resource Information
The item Real-World ACE reforms and the Italian experience : towards a general trend? represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Real-World ACE reforms and the Italian experience : towards a general trend? represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- This article analyses the allowances for corporate capital equity (ACE) currently adopted in some countries. In the economic literature ACE properties are well known: ACE makes corporation income tax systems neutral with respect to the financing options of firms, since this incentive addresses the tax-induced debt bias by granting an allowance for the cost of equity, normally consisting in the notional return on equity invested by firms. In the last two decades some European countries implemented ACE-like measures, but abolished them after a few years, that is, Italy (with DIT legislation, in force from 1997 to 2003), Croatia and Austria. This article compares, from a corporation tax law perspective, the existing ACE legislations (Belgium, Brazil, Latvia, Portugal, Liechtenstein) with the new Italian ACE regime (introduced in 2011). Finally, the analysis shows common features and drawbacks of these incentives as well as the perspectives of enacting an EU-wide ACE legislation
- Language
- eng
- Label
- Real-World ACE reforms and the Italian experience : towards a general trend?
- Title
- Real-World ACE reforms and the Italian experience : towards a general trend?
- Language
- eng
- Summary
- This article analyses the allowances for corporate capital equity (ACE) currently adopted in some countries. In the economic literature ACE properties are well known: ACE makes corporation income tax systems neutral with respect to the financing options of firms, since this incentive addresses the tax-induced debt bias by granting an allowance for the cost of equity, normally consisting in the notional return on equity invested by firms. In the last two decades some European countries implemented ACE-like measures, but abolished them after a few years, that is, Italy (with DIT legislation, in force from 1997 to 2003), Croatia and Austria. This article compares, from a corporation tax law perspective, the existing ACE legislations (Belgium, Brazil, Latvia, Portugal, Liechtenstein) with the new Italian ACE regime (introduced in 2011). Finally, the analysis shows common features and drawbacks of these incentives as well as the perspectives of enacting an EU-wide ACE legislation
- Citation source
- In: Intertax. - Alphen aan den Rijn. - Vol. 40 (2012),
- http://library.link/vocab/creatorName
-
- Massimi, F
- Petroni, C
- Language note
- English
- http://library.link/vocab/subjectName
-
- allowance for corporate equity
- tax incentive
- Label
- Real-World ACE reforms and the Italian experience : towards a general trend?
- Label
- Real-World ACE reforms and the Italian experience : towards a general trend?
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Real-World-ACE-reforms-and-the-Italian-experience/A4m0z8QIiBE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Real-World-ACE-reforms-and-the-Italian-experience/A4m0z8QIiBE/">Real-World ACE reforms and the Italian experience : towards a general trend?</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Real-World-ACE-reforms-and-the-Italian-experience/A4m0z8QIiBE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Real-World-ACE-reforms-and-the-Italian-experience/A4m0z8QIiBE/">Real-World ACE reforms and the Italian experience : towards a general trend?</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
