incidence and magnitude of severance pay. Moreover, restrictive changes in the taxation of severance pay have a negative causal …

profit taxation. The taxing choices of governments are analyzed in scenarios which differ with respect to the constraints …

intra-company loans. Taxation, however, does not fully explain the high levels of intra-company borrowing. Roughly 60% of …

This paper argues that, for a given overall level of labour income taxation, a more progressive tax schedule reduces … these theoretical predictions on a panel of 21 OECD countries over 1998-2008. Controlling for the burden of taxation at the … average wage, we show that a more progressive taxation reduces the unemployment rate and increases the employment rate. These …

market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation … on polluters, feed-in tariffs for clean entrants, and taxation of consumption—cannot correct these two market failures …