Tax Subsidy Rate on Manufacturing Fixed Investment1
(As percentage of asset price)
|Germany, Fed. Rep. of||–6.7||–5.5||–5.5|
A positive value indicates a subsidy; a negative value represents a tax. It is assumed that the income tax rate is 46 per cent, the nominal discount rate is 10 per cent, and the inflation-adjusted discount rate is 5 per cent.