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The Internet as a Tax Haven?
Agrawal, David R. - 2021
If online transactions are tax-free, increased online shopping may lower tax rates as jurisdictions seek to reduce tax avoidance; but, if online firms remit taxes, online sales may put upward pressure on tax rates because internet sales help enforce destination-based taxes. I find that higher...
Persistent link: https://www.econbiz.de/10013240113
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Global Taxation and National Welfare States
Jha, Priyaranjan; Mukherjee, Rahul - 2023
This paper studies the effects of globalization on the ability of governments to generate tax revenues for the financing of national welfare states. In this context, it summarizes the theoretical predictions of various economic models of tax competition between countries and discusses the role...
Persistent link: https://www.econbiz.de/10014347020
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The Global Financial Cycle and Capital Flow Episodes : A Wobbly Link?
Scheubel, Beatrice - 2019
the fluctuations in the GFC on capital flow episodes (sudden stops, flights, retrenchments, surges) and currency crises …
Persistent link: https://www.econbiz.de/10012858195
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Mis-Allocation within Firms : Internal Finance and International Trade
Doerr, Sebastian; Marin, Dalia; Suverato, Davide; … - 2021
This paper develops a novel theory of capital mis-allocation within firms that stems from managers’ empire building and informational frictions within the organization. Introducing an internal capital market into a two-factor model of multi-segment firms, we show that international competition...
Persistent link: https://www.econbiz.de/10013312862
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The Financial Channel of the Exchange Rate and Global Trade
Ma, Sai; Schmidt-Eisenlohr, Tim - 2023
exchange rate (Bruno and Shin (2015)). Using global data on trade between countries whose currency is not the U.S. dollar, it …
Persistent link: https://www.econbiz.de/10014347836
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Corruption and the shadow economy : an empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...
Persistent link: https://www.econbiz.de/10010276563
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The 2008 financial crisis and taxation policy
Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - 2010
The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst....
Persistent link: https://www.econbiz.de/10010266095
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Vehicle Currency Pricing and Exchange Rate Pass-Through
Chen, Natalie - 2019
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive …, with more than half of transactions in our sample invoiced in neither sterling nor the exporter’s currency. We then study … the relationship between invoicing currency choices and the response of import prices to exchange rate changes. We find …
Persistent link: https://www.econbiz.de/10012867016
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Has the Euro Affected the Choice of Invoicing Currency?
Ligthart, Jenny E. - 2013
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the … currency and the country. We use unique quarterly panel data of Norwegian imports from OECD countries for the 1996-2006 period …
Persistent link: https://www.econbiz.de/10013094696
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...
Persistent link: https://www.econbiz.de/10010276604