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Taxing Pensions
Cremer, Helmuth - 2016
design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10012988229
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Payment Choice in International Trade : Theory and Evidence from Cross-Country Firm Level Data
Hoefele, Andreas - 2013
When trading, firms choose between different payment contracts. As shown theoretically in Schmidt-Eisenlohr (forthcoming), this allows firms in international trade to optimally trade-off differences in financing costs and enforcement across countries. This paper provides evidence from a large...
Persistent link: https://www.econbiz.de/10013077465
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Should Continued Family Firms Face Lower Taxes than Other Estates?
Grossmann, Volker - 2009
Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...
Persistent link: https://www.econbiz.de/10012766594
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Former Foreign Affiliates : Cast Out and Outperformed?
Javorcik, Beata Smarzynska - 2015
The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...
Persistent link: https://www.econbiz.de/10013030495
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Retrospective Capital Gains Taxation in the Real World
Menoncin, Francesco - 2009
In this article, we analyze Auerbach's (1991) proposal of a retrospective capital gains tax, which is equivalent to an accrual tax on an ex-ante basis. Using a continuous-time model with stochastic interest rates, we prove that equivalence holds even if the risk-free asset return is correlated...
Persistent link: https://www.econbiz.de/10013158456
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The Role of Toeholds and Capital Gains Taxes for Corporate Acquisition Strategies
Liberini, Federica - 2016
Ownership takeovers often follow complex strategies where the control of the target firm is acquired through a sequence of independent contracts. Based on this observation, we develop a novel theoretical model wherein the acquiring firm decides on the number of steps towards the full ownership...
Persistent link: https://www.econbiz.de/10012978390
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Taxing Away M&A : The Effect of Corporate Capital Gains Taxes on Acquisition Activity
Feld, Lars P. - 2016
. For M&As, this effect has been intensively studied with regard to shareholder taxation, whereas empirical evidence on the … effect of capital gains taxes paid by corporations is scarce. This paper analyzes how corporate level taxation of capital … from corporate capital gains taxation of 3.06 bn USD per year in the United States …
Persistent link: https://www.econbiz.de/10012997244
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Taxing Expats : Instrumental Versus Expressive Voting Compared
Blankart, Charles B. - 2011
It is common knowledge that mobile individuals are difficult to tax. Governments accommodate these difficulties by granting special tax reductions to mobile individuals as it is expedient to get some tax revenue from these individuals rather than to lose them as tax payers completely. Taxing...
Persistent link: https://www.econbiz.de/10013118680
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Should Utility-Reducing Media Advertising Be Taxed?
Kind, Hans Jarle - 2009
Empirical evidence suggests that people dislike ads in media products like TV programs. In such situations standard economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of recent advances in the theory of Industrial...
Persistent link: https://www.econbiz.de/10012764277
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Earmarking the Political Support of Fat Taxes
Cremer, Helmuth - 2015
A fat and a healthy good provide immediate gratification, and cause health costs or benefits in the long run, which are misperceived. Additionally, the fat good (healthy good) increases (decreases) health care costs by increasing (decreasing) the probability of suffering from a chronic disease...
Persistent link: https://www.econbiz.de/10013013697