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Taxation of Insurance
Christiansen, Vidar - 2018
Should we exempt the services of insurance companies from VAT? Addressing this issue, the paper distinguishes between … insurance against a general loss of resources and a loss of a specific commodity (property insurance). There is a case for … exempting the former kind of insurance, but not the latter. Finally, comparing insurance through a producer warranty with …
Persistent link: https://www.econbiz.de/10012926573
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Redistribution and Insurance with Simple Tax Instruments
Findeisen, Sebastian - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …
Persistent link: https://www.econbiz.de/10013020515
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Firms' Financial Choices and Thin Capitalization Rules under Corporate Tax Competition
Haufler, Andreas - 2008
Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...
Persistent link: https://www.econbiz.de/10012769702
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Taxation and the Optimal Constraint on Corporate Debt Finance
Birch Sørensen, Peter - 2014
The tax bias in favour of debt finance under the corporate income tax means that corporate debt ratios exceed the socially optimal level. This creates a rationale for thin-capitalization rules limiting the amount of debt that qualifies for interest deductibility. This paper sets up a model of...
Persistent link: https://www.econbiz.de/10013039997
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Multinational Capital Structure and Tax Competition
Wrede, Matthias - 2010
This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital-to-debt ratios. Under separate accounting, multinationals shift debt from low-tax to high-tax countries. The Nash equilibrium of...
Persistent link: https://www.econbiz.de/10013143833
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Optimal Investment and Financial Strategies Under Tax Rate Uncertainty
Fedele, Alessandro - 2010
In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment project. By letting a representative firm borrow optimally, we show that debt...
Persistent link: https://www.econbiz.de/10013144647
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Preemption, Start-Up Decisions and the Firms' Capital Structure
Moretto, Michele; Panteghini, Paolo M. - 2021
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions
Persistent link: https://www.econbiz.de/10013317029
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The Capital Structure of Multinational Companies Under Tax Competition
Panteghini, Paolo M. - 2021
This article studies the relationship between debt policies of multinational companies (MNCs) and governments' tax strategies. In the first part, it is shown that the ability to shift income from high- to low-tax countries affects MNCs' financial choices. In the second part we show how MNCs'...
Persistent link: https://www.econbiz.de/10013317579
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Emissions Taxes and Abatement Regulation under Uncertainty
Christiansen, Vidar - 2013
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10013086398
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Learning Abatement Costs : On the Dynamics of Optimal Regulation of Experience Goods
Hintermann, Beat - 2013
consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …
Persistent link: https://www.econbiz.de/10013088224