We develop a conceptual framework which captures the effect of the VAT system on profit by two effective taxes. This … taxable income to an indirect tax setting. We bring the theory to the data, using linked administrative VAT and corporation … tax records in the UK from 2004-2009. Consistently with the theory, voluntary registration is positively related to the …

profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …

alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital …

provision. Many such services are provided by monopoly not-for-profit providers and there is concern that for-profit providers … may increase profit at the expense of quality. This paper explores whether entry by for-profit providers is good for …. Second, it shows the value of keeping an incumbent not-for-profit as an active provider. Third, it characterizes the optimal …

We study contestability in non-profit markets when non-commercial providers supply a homogeneous collective good … through increasing-returns-to-scale technologies. Unlike in the case of for-profit competition, in the non-profit case the …

during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our …