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Corporate Taxation and Financial Strategies Under Asymmetric Information
Cohen, Francesco - 2014
In this article we study the corporate tax effects on credit market equilibria. In particular, we develop a model that accounts for five pieces of evidence: i) the existence of a tax incentive to borrow, ii) the negative relationship between leverage and profitability, iii) the existence of...
Persistent link: https://www.econbiz.de/10013053674
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Large and Influential : Firm Size and Governments' Corporate Tax Rate Choice
Riedel, Nadine - 2018
Theory suggests that large firms are more likely to engage in lobbying behaviour and are geographically more mobile …
Persistent link: https://www.econbiz.de/10012921204
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Tax Revenue Losses Through Cross-Border Loss Offset : An Insurmountable Hurdle for Formula Apportionment?
Mardan, Mohammed - 2017
This paper analyzes the relevance of firm losses for tax revenues and welfare when switching from separate accounting to a system of tax base consolidation with formula apportionment. We find that a system change unambiguously decreases tax revenues in the short run, in which neither firms nor...
Persistent link: https://www.econbiz.de/10012960117
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What Kind of Corporation Tax Regime?
Cnossen, Sijbren - 2014
This paper explores the taxation of corporations in the wider context of capital income taxation. The pros and cons of various income-based and cash-flow forms of corporation tax (CT) are discussed. The paper concludes that the dual income tax (DIT), which taxes all capital income at the...
Persistent link: https://www.econbiz.de/10013039993
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Tax Competition and Fiscal Equalization Under Corporate Income Taxation
Liesegang, Caterina - 2016
This paper challenges the view that tax base equalization by the so-called Representative Tax System (RTS) removes inefficient undertaxation in corporate tax competition. The innovation of the paper is that it focuses on a tax on corporate income, instead of the unit tax on capital considered in...
Persistent link: https://www.econbiz.de/10012984570
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Taxation of Foreign Profits with Heterogeneous Multinational Firms
Becker, Johannes - 2021
Recent empirical studies find that foreign direct investment (FDI) by a multinational firm is not associated with a reduction of the firm’s domestic activities. As it is often argued, this finding may imply that a country should not tax the firm’s foreign profit income since this reduces...
Persistent link: https://www.econbiz.de/10013316271
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Corporate Income Taxation of Multinationals and Unemployment
Eichner, Thomas; Runkel, Marco - 2021
Within a two-country model with involuntary unemployment, this paper investigates corporate income taxation under separate accounting versus formula apportionment. In contrast to separate accounting, under formula apportionment the corporate tax policy causes a fiscal externality which goes back...
Persistent link: https://www.econbiz.de/10013317278
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Partial Harmonization of Corporate Taxes in an Asymmetric Repeated Game Setting
Itaya, Jun-ichi - 2010
This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital endowments. We show that regardless of the structure of the...
Persistent link: https://www.econbiz.de/10013136007
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Search Costs and Corporate Income Tax Competition
Konrad, Kai A. - 2010
This paper studies corporate tax competition if it is costly to learn some of the elements that determine the effective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can...
Persistent link: https://www.econbiz.de/10013136588
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Limited Liability, Asymmetric Taxation, and Risk Taking - Why Partial Tax Neutralities Can Be Harmful
Ewert, Ralf - 2011
We examine the combined effects of asymmetric taxation and limited liability on optimal risk taking of investors. Given … an optimal risk level in the pre-tax case under full liability, loss-offset restrictions reduce, and limited liability … enhances the incentives for taking risk. For every degree of limited liability we can find corresponding loss …
Persistent link: https://www.econbiz.de/10013131353