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Testing the Tax Competition Theory: How Elastic are National Tax Bases in OECD Countries?

Riedl, Aleksandra; Rocha-Akis, Silvia - CESifo - 2009

To what extent do countries' corporate income tax (CIT) rates attract foreign tax bases? What are the revenue implications of a unilateral tax reduction when tax bases are internationally mobile? These questions are explored using a panel of annual data from 17 OECD countries spanning the period...

Persistent link: https://www.econbiz.de/10004979400

Taxation and Capital Structure Choice – Evidence from a Panel of German Multinationals

Buettner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - CESifo - 2006

This paper analyzes the impact of taxes and lending conditions on the financial structure of multinationals' foreign affiliates. The empirical analysis employs a large panel of affiliates of German multinationals in 26 countries in the period from 1996 until 2003. In accordance with the...

Persistent link: https://www.econbiz.de/10005181569

The Impact of Thin-Capitalization Rules on Multinationals’ Financing and Investment Decisions

Büttner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - CESifo - 2006

This paper analyzes the role of Thin-Capitalization rules for capital structure choice and investment decisions of … investment but also their tax-sensitivity. An empirical investigation of leverage and investment reported for affiliates of …. While Thin-Capitalization rules are found to be effective in restricting debt finance, investment is found to be more …

Persistent link: https://www.econbiz.de/10005405727

Corporate Income Taxation of Multinationals in a General Equilibrium Model

Eichner, Thomas; Runkel, Marco - CESifo - 2008

This paper contributes to the discussion on Separate Accounting versus Formula Apportionment in the corporate income taxation of multinational enterprises (MNEs). The innovation of the analysis is that we consider a general equilibrium tax competition model with an endogenously determined world...

Persistent link: https://www.econbiz.de/10005405983

Tax Competition with Formula Apportionment: The Interaction between Tax Base and Sharing Mechanism

Kolmar, Martin; Wagener, Andreas - CESifo - 2007

and only if the investment elasticity of the tax base is lower than the investment elasticity of the apportionment factor …

Persistent link: https://www.econbiz.de/10005416470

Capital Structure Choice and Company Taxation: A Meta-Study

Feld, Lars P.; Heckemeyer, Jost Henrich; Overesch, Michael - CESifo - 2011

This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 46 previous studies, we find that this impact is substantial. In particular, the tax rate proxy determines the outcome of primary analyses. Measures...

Persistent link: https://www.econbiz.de/10008914267

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

Explaining Output Volatility: The Case of Taxation

Posch, Olaf - CESifo - 2009

This paper presents empirical evidence against the popular perception that macro volatility is exogenous. We obtain tax effects on macro aggregates in the stochastic neoclassical model. Taxes are shown to affect the second moment of output growth rates without affecting the first moment....

Persistent link: https://www.econbiz.de/10005013943

A Negotiation-Based Model of Tax-Induced Transfer Pricing

Becker, Johannes; Davies, Ronald B. - CESifo - 2014

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...

Persistent link: https://www.econbiz.de/10010877753

Do Transfer Pricing Laws Limit International Income Shifting? Evidence from European Multinationals

Lohse, Theresa; Riedel, Nadine - CESifo - 2013

In recent years several countries have augmented their national tax laws by transfer pricing legislations which intend to limit the leeway of multinational firms to exploit international corporate tax rate differences and relocate profit to low-tax affiliates by distorting intra-firm transfer...

Persistent link: https://www.econbiz.de/10010877984

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