During the last three years, on the basis of the EC Council Merger Regulation of 1989, the European Commission has evaluated the compatibility with the Common Market of various restructurings in the air transport industry, such as Air France — Sabena and British Airways — TAT. The...

Many authors demonstrate that the tax gap resulting from tax competition increases with the size asymmetry of the competing countries. Consequently, increasing country-size disparities exacerbates the inefficiency of tax competition.The aim of this note is to show that this classical view has no...