The EU policy against harmful tax competition aims at eliminating tax policies targeted at attracting the internationally mobile tax base. We examine this issue by considering two countries which decide their corporate tax rates their tax regimes (discriminatory or non-discriminatory tax...

This paper examines the impact of fiscal incentives on the level of R&D investment. An econometric model of R&D investment is estimated using a new panel of data on tax changes and R&D spending in nine OECD countries over a nineteen-year period (1979-1996). We find evidence that tax incentives...

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...