RDP 2018-07: The GFC Investment Tax Break References

AlphaBeta (2018), ‘Do Company Tax Cuts Boost Jobs, Wages and Investment?’, Report produced for Xero Small Business Insights, May. Available at <http://www.alphabeta.com/wp-content/uploads/2018/05/Xero-SBI-AlphaBeta-Tax-Report_May-2018.pdf>.

Atkin T and G La Cava (2017), ‘The Transmission of Monetary Policy: How Does It Work?’, RBA Bulletin, September, pp 1–8.

ATO (Australian Taxation Office) (2016), ‘Taxation Statistics 2013–14’, accessed 16 January 2018. Available at <https://data.gov.au/dataset/taxation-statistics-2013-14>.

ATO (2017a), ‘Step 3: Purchases’, viewed 16 January 2018. Available at <https://www.ato.gov.au/Business/GST/In-detail/Managing-GST-in-your-business/Reporting,-paying-and-activity-statements/GST---completing-your-activity-statement/?anchor=Step3Purchases#Step3Purchases>.

ATO (2017b), ‘Work Out if You're a Small Business for the Income Year’, viewed 22 December 2017. Available at <https://www.ato.gov.au/business/small-business-entity-concessions/eligibility/work-out-if-you-re-a-small-business-for-the-income-year/>.

Bussière M, G Callegari, F Ghironi, G Sestieri and N Yamano (2013), ‘Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008–2009’, American Economic Journal: Macroeconomics, 5(3), pp 118–151.

Callen T, S Morling and J Pleban (1992), ‘Dividends and Taxation: A Preliminary Investigation’, RBA Research Discussion Paper No 9211.

Calonico S, MD Cattaneo and R Titiunik (2014), ‘Robust Nonparametric Confidence Intervals for Regression-Discontinuity Designs’, Econometrica, 82(6), pp 2295–2326.

Cattaneo MD, M Jansson and X Ma (2017), ‘Simple Local Polynomial Density Estimators’, Unpublished Manuscript, 27 September. Available at <http://www-personal.umich.edu/~cattaneo/papers/Cattaneo-Jansson-Ma_2017_LocPolDensity.pdf>.

Clark JM (1917), ‘Business Acceleration and the Law of Demand: A Technical Factor in Economic Cycles’, Journal of Political Economy, 25(3), pp 217–235.

Cockerell L and S Pennings (2007), ‘Private Business Investment in Australia’, RBA Research Discussion Paper No 2007-09.

Cohen D and J Cummins (2006), ‘A Retrospective Evaluation of the Effects of Temporary Partial Expensing’, Board of Governors of the Federal Reserve System Finance and Economics Discussion Series No 2006-19.

Coorey P (2018), ‘Labor Promises New Tax Write-Offs for Business’, Australian Financial Review online, 13 March, viewed 18 April 2018. Available at <http://www.afr.com/news/labor-promises-new-tax-writeoffs-for-business-20180312-h0xduq>.

Cummins JG, KA Hassett and RG Hubbard (1994), ‘A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments’, Brookings Papers on Economic Activity, 2, pp 1–59, 70–74.

Dixon JM and J Nassios (2016), ‘Modelling the Impacts of a Cut to Company Tax in Australia’, Centre of Policy Studies Working Paper No G-260.

Economist, The (2017), ‘Will Corporate Tax Cuts Boost Workers’ Wages?', The Economist online, 26 October, viewed 11 March 2018. Available at <https://www.economist.com/news/finance-and-economics/21730696-white-house-report-puts-economists-each-others-throats-will-corporate-tax-cuts>.

Gibbs CG, J Hambur and G Nodari (2018), ‘DSGE Reno: Adding a Housing Block to a Small Open Economy Model’, RBA Research Discussion Paper No 2018-04.

Goolsbee A (1998), ‘Investment Tax Incentives and the Price of Capital Goods’, The Quarterly Journal of Economics, 113(1), pp 121–148.

Hall RE and DW Jorgenson (1967), ‘Tax Policy and Investment Behavior’, The American Economic Review, 57(3), pp 391–414.

Hambur J and G La Cava (2018), ‘Do Interest Rates Affect Business Investment? Evidence from Australian Company-Level Data’, RBA Research Discussion Paper No 2018-05.

Hansell D and B Rafi (2018), ‘Firm-Level Analysis Using the ABS’ Business Longitudinal Analysis Data Enviroment (BLADE)', The Australian Economic Review, 51(1), pp 132–138.

Hassett KA and RG Hubbard (2002), ‘Tax Policy and Business Investment’, in AJ Auerbach and M Feldstein (eds), Handbook of Public Economics: Volume 3, Handbooks in Economics 4, Elsevier, Amsterdam, pp 1293–1343.

House CL and MD Shapiro (2008), ‘Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation’, The American Economic Review, 98(3), pp 737–768.

Imbens GW and K Kalyanaraman (2012), ‘Optimal Bandwidth Choice for the Regression Discontinuity Estimator’, The Review of Economic Studies, 79(3), pp 933–959.

Imbens GW and T Lemieux (2008), ‘Regression Discontinuity Designs: A Guide to Practice’, Journal of Econometrics, 142(2), pp 615–635.

Kouparitsas M, D Prihardini and A Beames (2016), ‘Analysis of the Long Term Effects of a Company Tax Cut’, Australian Treasury, Treasury Working Paper No 2016-02.

La Cava G (2005), ‘Financial Constraints, the User Cost of Capital and Corporate Investment in Australia’, RBA Research Discussion Paper No 2005-12.

Lee DS and T Lemieux (2010), ‘Regression Discontinuity Designs in Economics’, Journal of Economic Literature, 48(2), pp 281–355.

Leigh A (2012), ‘How Much Did the 2009 Australian Fiscal Stimulus Boost Demand? Evidence from Household-Reported Spending Effects’, The B.E. Journal of Macroeconomics, 12(1), Contributions, Article 4.

Li SM and AH Spencer (2016), ‘Effectiveness of the Australian Fiscal Stimulus Package: A DSGE Analysis’, Economic Record, 92(296), pp 94–120.

Makin T (2016), ‘The Effectiveness of Federal Fiscal Policy: a Review’, Treasury Research Institute External Paper No 2016-01.

Officer RR (1994), ‘The Cost of Capital of a Company under an Imputation Tax System’, Accounting & Finance, 34(1), pp 1–17.

Reinhardt S and L Steel (2006), ‘A Brief History of Australia's Tax System’, Economic Roundup, Winter, pp 1–26.

Rodgers D (2017), ‘The GFC Investment Tax Credit’, in ‘Private New Capital Expenditure and Expected Expenditure, Australia, March Quarter 2017’, ABS Cat No 5625.0.

Senate (Senate Economics References Committee) (2009), Government's Economic Stimulus Initiatives, (A Eggleston, Chair), Commonwealth of Australia, Canberra.

Sraer D and D Thesmar (2018), ‘A Sufficient Statistics Approach for Aggregating Firm-Level Experiments’, NBER Working Paper No 24208.

Swan PL (2018), ‘Investment, the Corporate Tax Rate, and the Pricing of Franking Credits’, Unpublished Manuscript, UNSW Business School, March.

Swan W (Treasurer) (2008), ‘Investment Allowance to Boost Business Investment’, Press Release No 141, Canberra, 12 December.

Swan W (Treasurer) (2009a), ‘Small Business and General Business Tax Break’, Press Release No 013, Joint Media Release with the Prime Minister and Minster for Small Business, Canberra, 3 February.

Swan W (Treasurer) (2009b), ‘Small Business Tax Break Boost’, Press Release No 061, Joint Press Release with the Hon Dr Craig Emerson MP Minister for Small Business, Independent Contractors and the Service Economy, Canberra, 12 May.

Tingle L and P Coorey (2018), ‘Scott Morrison Talks up Wage Benefits of Company Tax Cut’, Australian Financial Review online, 4 February, viewed 11 March 2018. Available at <http://www.afr.com/news/scott-morrison-talks-up-wage-benefits-of-company-tax-cut-20180204-h0tcic>.

Twite G (2001), ‘Capital Structure Choices and Taxes: Evidence from the Australian Dividend Imputation Tax System’, International Review of Finance, 2(4), pp 217–234.

Zwick E and J Mahon (2017), ‘Tax Policy and Heterogeneous Investment Behavior’, The American Economic Review, 107(1), pp 217–248.