The paper provides a comprehensive assessment of the latest German corporate income and capital tax reform, which … entails a major shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable … affected by the reform. Key to the limited growth is the domestic investors' portfolio choice as a channel for tax avoidance at …

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax … Labour Sponsored Venture Capital Corporations (LSVCCs) receive capital only from individual investors who receive tax breaks … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …

are Stackelberg leaders the principal message is that the choice of caps or taxes matters. International trade and tax … more likely, the less severe the climate damage. Hence, cap regulation is inferior to tax regulation insofar as in case of …

The dual income tax provides the self-employed entrepreneur with huge incentives to participate in tax minimizing … over-invest in firm real capital. In addition, the corporate organizational form serves as a tax shelter for high income … entrepreneurs. The higher his income and the higher the difference between the marginal tax rates on labor and capital, the larger …

In this paper we ask whether recent claims that the US government should switch from the tax credit system to the … investment. In all other cases the deduction system is no longer optimal from a national perspective and the foreign tax credit … system fails to ensure neutrality. However, the desirability of the tax exemption system has to be qualified. We show that …

In this paper, we analyze tax competition in a model where investor firms have the choice between two types of … intensifies tax competition in comparison to the case where there is only greenfield investment. If a specific tax on acquisitions … is available, this result changes. Then, tax competition is mitigated compared to the pure greenfield case. The existence …

affects both the timing of foreign direct investment decisions and government tax policy. A main finding of the paper is that …

This paper addresses outsourcing in the two-type optimal income tax model. If the government is able to control … outsourcing via a direct tax instrument, outsourcing will not affect the marginal income tax structure. In the absence of a direct … tax instrument, and under the plausible assumption that higher outsourcing increases the wage differential, the government …

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 … depreciation deductions. We apply our method to German data and find that even small estimation biases in determining the tax …

By granting intracompany loans to their foreign affiliates, multinational firms may reduce their tax liability abroad …