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1 Elke Asen & Daniel Bunn, Capital Cost Recovery across the OECD, 2019 1 (2019)

handle is hein.taxfoundation/caprvy0001 and id is 1 raw text is: 1Capital Cost Recovery across the OECD, 2019 FISCAL FACT Elke Asen Daniel Bunn Research Assistant Director of Global Projects No, 646 Apr. 2019 Key Findings A capital allowance is the percentage of total investment that a business can recover through the tax code via depreciation. Estonia and Latvia have the best capital cost recovery systems in the Organisation for Economic Co-operation and Development (OECD). Canada has adopted temporary full expensing for investments in assets like machinery, responding to a similar provision enacted by the United States in the Tax Cut and Jobs Act (TCJA) in 2017. The United Kingdom has reintroduced capital allowances for industrial buildings after previously broadening the corporate tax base to not allow write-offs for investments in buildings. Chile has the worst treatment of capital investments in the OECD, with no allowance for intangibles and poor treatment of investments in machinery. The European Union's Common Corporate Tax Base (CCTB) proposal includes relatively poor capital allowances when compared to current provisions of EU member states. The Tax Foundation is the nation's * Several smaller countries have lower corporate income tax rates and higher leading independent tax policy research organization. Since 1937, capital allowances, making them more attractive for capital investment. our research, analysis, and experts have informed smarter tax policy at the federal, state, local, and global levels. We are a 501(c)(3) nonprofit organization. ©2019 Tax Foundation Distributed under Creative Commons CC BY NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org

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