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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

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

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

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

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...

Persistent link: https://www.econbiz.de/10005114202

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

Exports, Foreign Direct Investment and the Costs of Coporate Taxation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2006

Depending on the definition of the tax base, the statutory corporate tax rate implies rather different measures of effective average and marginal tax rates. This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these...

Persistent link: https://www.econbiz.de/10005788989

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 … multinationals have an incentive to shift debt to high-tax countries. The predictions of the model are tested with the aid of a broad …. Corporate debt policy indeed appears to reflect national corporate tax rates and international corporate tax rate differences …

Persistent link: https://www.econbiz.de/10005791642

Foreign Ownership and Corporate Income Taxation: An Empirical Evaluation

Huizinga, Harry; Nicodème, Gaëtan - C.E.P.R. Discussion Papers - 2003

Economic integration in Europe has not led to a ‘race to the bottom’ regarding corporate income taxes. This Paper documents trends in the foreign ownership of companies in Europe and examines whether foreign ownership has exerted a positive influence on corporate income tax levels. Using...

Persistent link: https://www.econbiz.de/10005792178

Minimum Wage Legislation, Work Conditions and Employment

De Fraja, Gianni - C.E.P.R. Discussion Papers - 1996

The effects of minimum wage legislation are analysed under the assumption that firms are able to alter the working conditions of their employees, and that workers have different preferences about the characteristics of their job. The main findings tally with Card and Krueger’s (1995) puzzling...

Persistent link: https://www.econbiz.de/10005656136