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Computing Effective Tax Rates on Factor Incomes and Consumption: An International Macroeconomic Perspective
Mendoza, Enrique G; Razin, Assaf; Tesar, Linda - C.E.P.R. Discussion Papers - 1994
savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …
Persistent link: https://www.econbiz.de/10005124394
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Taxing Risky Investment
Devereux, Michael P. - C.E.P.R. Discussion Papers - 2003
’ because the tax liability is offset by a reduction in the post-tax risk of the investment. The Paper argues that this claim is … investment incentives in the presence of risk. Instead it proposes an alternative measure, based on the market value of the pre …
Persistent link: https://www.econbiz.de/10005666854
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The Taxation of Foreign Profits: a Unified View
Devereux, Michael P.; Fuest, Clemens; Lockwood, Ben - C.E.P.R. Discussion Papers - 2015
both greenfield and acquisition investment, and a general constraint linking investment at home and abroad for the … investment in the greenfield case, and a cross-border cash flow tax on foreign investment in both cases. These basic results …
Persistent link: https://www.econbiz.de/10011213306
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Progressive Taxes and Firm Births
Bacher, Hans Ulrich; Brülhart, Marius - C.E.P.R. Discussion Papers - 2010
Tax reform proposals in the spirit of the 'flat tax' model typically aim to reduce three parameters: the average tax burden, the progressivity of the tax schedule, and the complexity of the tax code. We explore the implications of changes in these three parameters on entrepreneurial activity,...
Persistent link: https://www.econbiz.de/10008468564
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Theft and Taxes
Desai, Mihir; Dyck, Alexander; Zingales, Luigi - C.E.P.R. Discussion Papers - 2004
This Paper analyses the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
Persistent link: https://www.econbiz.de/10005136786
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International Profit Shifting within European Multinationals
Huizinga, Harry; Laeven, Luc - C.E.P.R. Discussion Papers - 2007
The conduct of business activities in two or more countries creates opportunities for international profit shifting, while international tax rate differences create incentives. Using detailed information on both multinational firm structure and the international tax system, this paper examines...
Persistent link: https://www.econbiz.de/10005504561
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Productivity and Taxes as Drivers of FDI
Razin, Assaf; Sadka, Efraim - C.E.P.R. Discussion Papers - 2007
countries. Data on FDI flows are drawn from the International Direct Investment dataset (Source OECD), covering the bilateral …
Persistent link: https://www.econbiz.de/10005114202
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International Taxation and Multinational Firm Location Decisions
Barrios, Salvador; Huizinga, Harry; Laeven, Luc; … - C.E.P.R. Discussion Papers - 2008
Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
Persistent link: https://www.econbiz.de/10005114372
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Exports, Foreign Direct Investment and the Costs of Coporate Taxation
Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2006
and intensive business investment and shows how these margins respond to changes in average and marginal corporate tax … rates. Intensive investment refers to the size of a firm's capital stock. Extensive investment refers to the firm …'s production location and reflects the trade-off between exports and foreign direct investment as alternative modes of foreign …
Persistent link: https://www.econbiz.de/10005788989
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Capital Structure and International Debt Shifting
Huizinga, Harry; Laeven, Luc; Nicodème, Gaëtan - C.E.P.R. Discussion Papers - 2006
This paper presents a model that relates a multinational firm's optimal debt policy to taxation and to non-tax factors such as the desire to prevent bankruptcy. The model yields the predictions that a multinational's indebtedness in a country depends on national tax rates and differences between...
Persistent link: https://www.econbiz.de/10005791642