Stochastic and Global Optimization:
Saved in:
| Other Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Boston, MA
Springer US
2002
|
| Series: | Nonconvex Optimization and Its Applications
59 |
| Subjects: | |
| Online Access: | Volltext |
| Item Description: | In the paper we propose a model of tax incentives optimization for investement projects with a help of the mechanism of accelerated depreciation. Unlike the tax holidays which influence on effective income tax rate, accelerated appreciation affects on taxable income. In modern economic practice the state actively use for an attraction of investment into the creation of new enterprises such mechanisms as accelerated depreciation and tax holidays. The problem under our consideration is the following. Assume that the state (region) is interested in realization of a certain investment project, for example, the creation of a new enterprise. In order to attract a potential investor the state decides to use a mechanism of accelerated tax depreciation. The following question arise. What is a reasonable principle for choosing depreciation rate? From the state's point of view the future investor's behavior will be rational. It means that while looking at economic environment the investor choose such a moment for investment which maximizes his expected net present value (NPV) from the given project. For this case both criteria and "investment rule" depend on proposed (by the state) depreciation policy. For the simplicity we will suppose that the purpose of the state for a given project is a maximisation of a discounted tax payments into the budget from the enterprise after its creation. Of course, these payments depend on the moment of investor's entry and, therefore, on the depreciation policy established by the state |
| Physical Description: | 1 Online-Ressource (XI, 237 p) |
| ISBN: | 9780306476488 9781402004841 |
| ISSN: | 1571-568X |
| DOI: | 10.1007/b130735 |
Staff View
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| 500 | |a In the paper we propose a model of tax incentives optimization for investement projects with a help of the mechanism of accelerated depreciation. Unlike the tax holidays which influence on effective income tax rate, accelerated appreciation affects on taxable income. In modern economic practice the state actively use for an attraction of investment into the creation of new enterprises such mechanisms as accelerated depreciation and tax holidays. The problem under our consideration is the following. Assume that the state (region) is interested in realization of a certain investment project, for example, the creation of a new enterprise. In order to attract a potential investor the state decides to use a mechanism of accelerated tax depreciation. The following question arise. What is a reasonable principle for choosing depreciation rate? From the state's point of view the future investor's behavior will be rational. It means that while looking at economic environment the investor choose such a moment for investment which maximizes his expected net present value (NPV) from the given project. For this case both criteria and "investment rule" depend on proposed (by the state) depreciation policy. For the simplicity we will suppose that the purpose of the state for a given project is a maximisation of a discounted tax payments into the budget from the enterprise after its creation. Of course, these payments depend on the moment of investor's entry and, therefore, on the depreciation policy established by the state | ||
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| indexdate | 2024-07-10T01:21:03Z |
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| isbn | 9780306476488 9781402004841 |
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| series | Nonconvex Optimization and Its Applications |
| series2 | Nonconvex Optimization and Its Applications |
| spelling | Stochastic and Global Optimization edited by Gintautas Dzemyda, Vydūnas Šaltenis, Antanas Žilinskas Boston, MA Springer US 2002 1 Online-Ressource (XI, 237 p) txt rdacontent c rdamedia cr rdacarrier Nonconvex Optimization and Its Applications 59 1571-568X In the paper we propose a model of tax incentives optimization for investement projects with a help of the mechanism of accelerated depreciation. Unlike the tax holidays which influence on effective income tax rate, accelerated appreciation affects on taxable income. In modern economic practice the state actively use for an attraction of investment into the creation of new enterprises such mechanisms as accelerated depreciation and tax holidays. The problem under our consideration is the following. Assume that the state (region) is interested in realization of a certain investment project, for example, the creation of a new enterprise. In order to attract a potential investor the state decides to use a mechanism of accelerated tax depreciation. The following question arise. What is a reasonable principle for choosing depreciation rate? From the state's point of view the future investor's behavior will be rational. It means that while looking at economic environment the investor choose such a moment for investment which maximizes his expected net present value (NPV) from the given project. For this case both criteria and "investment rule" depend on proposed (by the state) depreciation policy. For the simplicity we will suppose that the purpose of the state for a given project is a maximisation of a discounted tax payments into the budget from the enterprise after its creation. Of course, these payments depend on the moment of investor's entry and, therefore, on the depreciation policy established by the state Mockus, Jonas 1931- (DE-588)122951867 gnd rswk-swf Mathematics Information theory Systems theory Mathematical optimization Statistics Optimization Statistics, general Systems Theory, Control Theory of Computation Statistics for Engineering, Physics, Computer Science, Chemistry & Geosciences Mathematik Statistik Stochastik (DE-588)4121729-9 gnd rswk-swf Globale Optimierung (DE-588)4140067-7 gnd rswk-swf 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content Globale Optimierung (DE-588)4140067-7 s Stochastik (DE-588)4121729-9 s 2\p DE-604 Mockus, Jonas 1931- (DE-588)122951867 p 3\p DE-604 Dzemyda, Gintautas edt Šaltenis, Vydūnas edt Žilinskas, Antanas edt Nonconvex Optimization and Its Applications 59 (DE-604)BV010085908 59 https://doi.org/10.1007/b130735 Verlag Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Stochastic and Global Optimization Nonconvex Optimization and Its Applications Mockus, Jonas 1931- (DE-588)122951867 gnd Mathematics Information theory Systems theory Mathematical optimization Statistics Optimization Statistics, general Systems Theory, Control Theory of Computation Statistics for Engineering, Physics, Computer Science, Chemistry & Geosciences Mathematik Statistik Stochastik (DE-588)4121729-9 gnd Globale Optimierung (DE-588)4140067-7 gnd |
| subject_GND | (DE-588)122951867 (DE-588)4121729-9 (DE-588)4140067-7 (DE-588)4143413-4 |
| title | Stochastic and Global Optimization |
| title_auth | Stochastic and Global Optimization |
| title_exact_search | Stochastic and Global Optimization |
| title_full | Stochastic and Global Optimization edited by Gintautas Dzemyda, Vydūnas Šaltenis, Antanas Žilinskas |
| title_fullStr | Stochastic and Global Optimization edited by Gintautas Dzemyda, Vydūnas Šaltenis, Antanas Žilinskas |
| title_full_unstemmed | Stochastic and Global Optimization edited by Gintautas Dzemyda, Vydūnas Šaltenis, Antanas Žilinskas |
| title_short | Stochastic and Global Optimization |
| title_sort | stochastic and global optimization |
| topic | Mockus, Jonas 1931- (DE-588)122951867 gnd Mathematics Information theory Systems theory Mathematical optimization Statistics Optimization Statistics, general Systems Theory, Control Theory of Computation Statistics for Engineering, Physics, Computer Science, Chemistry & Geosciences Mathematik Statistik Stochastik (DE-588)4121729-9 gnd Globale Optimierung (DE-588)4140067-7 gnd |
| topic_facet | Mockus, Jonas 1931- Mathematics Information theory Systems theory Mathematical optimization Statistics Optimization Statistics, general Systems Theory, Control Theory of Computation Statistics for Engineering, Physics, Computer Science, Chemistry & Geosciences Mathematik Statistik Stochastik Globale Optimierung Aufsatzsammlung |
| url | https://doi.org/10.1007/b130735 |
| volume_link | (DE-604)BV010085908 |
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