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Source versus Residence Based Taxation with International Mergers and Acquisitions
Becker, Johannes; Fuest, Clemens - CESifo - 2009
This paper analyses tax competition and tax coordination in a model where capital flows occur in the form of mergers and acquisitions, rather than greenfield investment. In this framework, we show that differences in residence based taxes do not necessarily distort international ownership...
Persistent link: https://www.econbiz.de/10008534000
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Corporate Tax Policy and International Mergers and Acquisitions – Is the Tax Exemption System Superior?
Becker, Johannes; Fuest, Clemens - CESifo - 2007
exemption system are justified. We study corporate taxation in a model where international capital flows are either greenfield … reasons. The paper asks how corporate taxation affects the international allocation of capital under different double taxation … regimes. We find that the standard view on international taxation only prevails in the case of cost driven greenfield …
Persistent link: https://www.econbiz.de/10005405876
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Tax Competition – Greenfield Investment versus Mergers and Acquisitions
Becker, Johannes; Fuest, Clemens - CESifo - 2008
In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...
Persistent link: https://www.econbiz.de/10005405878
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The Taxation of Foreign Profits: A Unified View
Devereux, Michael P.; Fuest, Clemens; Lockwood, Benjamin - CESifo - 2015
This paper synthesizes and extends the literature on the taxation of foreign source income in a framework that covers …
Persistent link: https://www.econbiz.de/10011194238
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A Backward Looking Measure of the Effective Marginal Tax Burden on Investment
Becker, Johannes; Fuest, Clemens - CESifo - 2004
Forward looking measures like the well-known effective marginal tax rate developed by King and Fullerton (1984) are often criticized for not taking into account the complexity of the tax law. This paper derives a method of evaluating this kind of measure and of quantifying the bias resulting...
Persistent link: https://www.econbiz.de/10005406101
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The Role of the Corporate Income Tax as an Automatic Stabilizer
Buettner, Thiess; Fuest, Clemens - CESifo - 2009
This paper analyses the effectiveness of the corporate income tax as an automatic stabilizer. It employs a unique firm-level dataset of German manufacturers combining financial statements with firm-specific information about credit market restrictions. The results show that approximately 20 per...
Persistent link: https://www.econbiz.de/10008583645
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Corporate Tax Reform and Foreign Direct Investment in Germany – Evidence from Firm-Level Data
Becker, Johannes; Fuest, Clemens; Hemmelgarn, Thomas - CESifo - 2006
tax reform of 2000 as a natural experiment in order to isolate the impact of corporate taxation on the investment of …
Persistent link: https://www.econbiz.de/10005765786
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Quality versus Quantity – The Composition Effect of Corporate Taxation on Foreign Direct Investment
Becker, Johannes; Fuest, Clemens - CESifo - 2007
This paper studies corporate taxation in a model where foreign investment of firms may affect the profitability of the …
Persistent link: https://www.econbiz.de/10005181573