Showing 1 - 10 of 1,534
This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...
Persistent link: https://www.econbiz.de/10013316812
In 2009, the United Kingdom abolished the taxation of profits earned abroad and introduced a territorial tax system. Under the territorial system, firms have strong incentives to shift profits abroad. Using a difference-in-differences research design, we show that profits of UK subsidiaries in...
Persistent link: https://www.econbiz.de/10012842969
We exploit exogenous variation in tax notches created by controlled foreign corporation (CFC) rules to better understand the profit-shifting behavior of multinational enterprises (MNEs) and its consequences for real activity. Using new data on CFC rules and information on direct parent-affiliate...
Persistent link: https://www.econbiz.de/10014345628
the geography of economic integration in Europe, we quantify the economic consequences of Brexit using a quantitative … welfare effects from Brexit. Neglecting asymmetries in EU-UK relations overestimates the costs from Brexit by up to 40%. The … welfare costs of Brexit are higher in the UK than in most other EU counties. However, heterogeneity tends to attenuate overall …
Persistent link: https://www.econbiz.de/10012850083
of its ‘Global Britain’ strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with … countries around the world, including Canada, Japan, Korea, Mexico, Norway, Switzerland, Turkey and possibly the United States …-of-the-art structural gravity model for major economies around the world. We find that ‘Global Britain’ yields insufficient trade creation …
Persistent link: https://www.econbiz.de/10013212259
towards unitary taxation to be established by a multilateral convention that the world has not yet seen in comparable format …
Persistent link: https://www.econbiz.de/10014241194
This paper explores empirically whether and how FDI is affected if multinationals’ home countries change taxation of foreign earnings by switching from worldwide to territorial taxation. Our analysis employs data for German inbound FDI based on the ultimate investing country concept. We use a...
Persistent link: https://www.econbiz.de/10012892126
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister … government amidst turbulent and fractious domestic politics, over negotiations with the EU27. Brexit negotiations were poorly … planned and the government was woefully unprepared. Brexit also threatens a serious re-opening of old wounds in Northern …
Persistent link: https://www.econbiz.de/10012861473
The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration … agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed … and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
Persistent link: https://www.econbiz.de/10013306955
Current policy initiatives taken by the EU and the OECD aim at abolishing preferential corporate tax regimes. This note extends Keen's (2001) analysis of symmetric capital tax competition under preferential (or discriminatory) and non-discriminatory tax regimes to allow for countries of...
Persistent link: https://www.econbiz.de/10012778991