激励
业务
税款扣除额
公共经济学
会计
精算学
经济
微观经济学
国家所得税
税制改革
总收入
作者
Anil Arya,Tyler Atanasov,Brian Mittendorf,Dae‐Hee Yoon
出处
期刊:Social Science Research Network
[Social Science Electronic Publishing]
日期:2021-01-01
摘要
Many of America’s top corporate donors share a common feature: the bulk of their giving is in the form of in-kind products, not cash. This phenomenon is not a coincidence but rather a result of the tax code creating such a preference due to an “enhanced” deduction for inventory donations. In this paper, we utilize a parsimonious model of inventory choice under uncertainty to demonstrate that enhanced tax deductions not only promote giving, they also promote better learning of consumer demand for products in the retail market. An inventory stockout curtails a firm’s learning of precise consumer demand since the firm’s sales volume only reveals that the underlying consumer demand exceeded the inventory level. Tax incentives for donations of excess inventory encourage a firm to boost its inventory stocks which, in turn, boosts the firm’s learning of consumer preferences. Accounting for this informational role of tax incentives, the paper derives charitable giving patterns, socially-beneficial tax policy, and firms’ information acquisition choices.
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