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Do Countries Compete over Corporate Tax Rates?
Devereux, Michael P.; Lockwood, Ben; Redoano, Michela - C.E.P.R. Discussion Papers - 2002
This Paper tests whether OECD countries compete with each other over corporate taxes in order to attract investment. We develop two models: with firm mobility, countries compete only over the statutory tax rate or the effective average tax rate, while with capital mobility, countries compete...
Persistent link: https://www.econbiz.de/10005114272
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The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us?
Ashton, Paul; Minford, Patrick - C.E.P.R. Discussion Papers - 1988
Budget constraints are drawn up for annual hours and net pay, typically composed of two linear segments: 'benefit-constrained', where extra work forfeits benefit and 'normal', where extra work is subject to the standard marginal tax rate. There are additional linear segments for those on upper...
Persistent link: https://www.econbiz.de/10005504260
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A Monopoly Union Model of Wage Determination with Taxes and Endogenous Capital Stock: An Empirical Application to the Finnish Manufacturing Industry
Holm, Pasi; Honkapohja, Seppo; Koskela, Erkki - C.E.P.R. Discussion Papers - 1991
estimated by using annual data from the Finnish manufacturing industry over the period 1960-87. The dynamic system of equations …
Persistent link: https://www.econbiz.de/10005661570
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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
This paper synthesizes and extends the literature on the taxation of foreign source income in a framework that covers both greenfield and acquisition investment, and a general constraint linking investment at home and abroad for the multinational by introducing a cost of adjustment for the...
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
We study the role of productivity and corporate taxation as driving forces of FDI among OECD countries in the presence … of threshold barriers, which generate two margins for FDI decisions. Some simulations, based on the estimation results …, suggest that there are marked differences in the sensitivity of FDI flows from the U.S. to productivity and taxes in OECD …
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
effective average and marginal tax rates. This paper develops a model of a monopolistically competitive industry with extensive …
Persistent link: https://www.econbiz.de/10005788989