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Tax Competition with Formula Apportionment : The Interaction between Tax Base and Sharing Mechanism
Kolmar, Martin; Wagener, Andreas - 2021
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/10013316828
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The Corporate Elasticity of Taxable Income : Event Study Evidence from Switzerland
Krapf, Matthias; Staubli, David - 2021
We estimate the corporate elasticity of taxable income. Our analysis draws on panel variation in the decentralized …% results in an increase in aggregate corporate income by about 3.5% over a time span of 4 years. The elasticity is larger in … remote, non-central locations. Firm entry, exit, and mobility only account for a small share of the overall elasticity …
Persistent link: https://www.econbiz.de/10013314896
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The equity trap, the cost of capital and the firm's growth path
Lindhe, Tobias; Södersten, Jan - 2006
This paper reconsiders Sinn's (1991) nucleus theory of the corporation by comparing two different regimes for the …
Persistent link: https://www.econbiz.de/10010263981
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Dividend taxation, share repurchases and the equity trap
Lindhe, Tobias; Södersten, Jan - 2009
This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the equity trap, that is, the extent to which cash paid to the shareholders must be taxed as dividends. Our analysis shows that Sinn's (1991) criticism of the well-known King and Fullerton (1984)...
Persistent link: https://www.econbiz.de/10010267266
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The Johansson-Samuelson theorem in general equilibrium: a rebuttal
Menoncin, Francesco; Panteghini, Paolo M. - 2008
The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does...
Persistent link: https://www.econbiz.de/10010276144
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Income Tax Credits for Consumer Services : A Tool for Tackling VAT Evasion?
Buettner, Thiess; Madzharova, Boryana; Zaddach, Orlando - 2022
This paper analyzes the effects of an income tax credit for hard-to-tax consumer services on evasion of the value-added-tax (VAT). Based on the individual tax files of the universe of VAT payers in Germany, our analysis shows that harnessing incentives for consumers through tax credits fosters...
Persistent link: https://www.econbiz.de/10014242786
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From Separate Accounting to Formula Apportionment : Analysis in a Dynamic Framework
Radulescu, Doina Maria - 2021
This paper analyzes the switch from Separate Accounting to Formula Apportionment in a dynamic framework. The model features both purely domestic corporations and a domestic multinational which invests at home and abroad as well as a purely foreign corporation and a foreign multinational which...
Persistent link: https://www.econbiz.de/10013316813
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Investor Taxation, Firm Heterogeneity and Capital Structure Choice
Haring, Magdalena; Niemann, Rainer; Rünger, Silke - 2016
We analyze the effect of investor level taxes, firm-specific ownership structure and firm-specific payout policy on firms' capital structure choice. Our analysis is based on data for 10,983 firms from 13 Central and Eastern European (CEE) countries over the time period 2002-2012. Our results...
Persistent link: https://www.econbiz.de/10011555540
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The Elasticity of Taxable Income and Income-Shifting: What is "Real" and What is Not?
Harju, Jarkko; Matikka, Tuomas - 2014
our empirical example we find that income-shifting accounts for over two thirds of the overall elasticity of taxable … burden compared to the standard model in which the overall elasticity defines the welfare loss. However, in addition to …
Persistent link: https://www.econbiz.de/10010398553
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Dividend Taxation and the Cost of New Share Issues
Lindhe, Tobias; Södersten, Jan - 2014
This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative assumptions in the literature on this, and we...
Persistent link: https://www.econbiz.de/10010420688