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 …

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 …

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 …

To what extent does a tax credit affect firms’ R&D activity? What are the mechanisms? This paper examines the effect of … R&D tax credits on firms’ R&D expenditure by exploiting the variation across firms in the changes in the eligible tax … estimated coefficient of an interaction term between the eligible tax credit rate and the debt-to-asset ratio is positive and …

We present a new model of tax induced transfer pricing as an alternative to the oft-used concealment model. Inspired by … interviews with practitioners, we consider a large multinational firm which is audited by the tax authority in the high-tax … location. When this country adjusts the transfer prices proposed by the firm, the low-tax location may dispute this decision …

This paper studies the effect of Finnish tax reforms in the mid 1990s on the economic activity and tax avoidance … decisions of the owners of small businesses. The reforms reduced income tax rates and increased tax planning incentives for … results imply that entrepreneurs react to tax incentives along both real and avoidance margins, while the latter elasticity is …

This paper investigates the consequences of a series of alternative international tax designs on the strategy of a … start with a world where no international tax rules are at work. Then we successively introduce (i) the rules provided by … the OECD Model Tax Convention, (ii) the EU Parent-Subsidiary Directive of July 23, 1990; and (iii) a combination of …

affiliates to UK corporate tax, implied an infringement of the freedom of establishment. Consequently, many EU countries … of passive assets in German multinationals. Using firm level data we find evidence for an increased preference for low-tax …

When a region successfully attracts a large firm by offering tax concessions, outright subsidies etc., the firm often … instruments are restricted to lump-sum payments, simple tax rebates and wage subsidies, incomplete information has no efficiency …