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VAT Notches
Liu, Li - 2015
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 …
Persistent link: https://www.econbiz.de/10013021432
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Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits
Koethenbuerger, Marko - 2018
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 …
Persistent link: https://www.econbiz.de/10012921411
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Trade, Wages, and Profits
Egger, Hartmut - 2012
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10013101194
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Earnings Shocks and Tax-Motivated Income-Shifting : Evidence from European Multinationals
Dharmapala, Dhammika - 2012
This paper presents a new approach to estimating the existence and magnitude of tax-motivated income shifting within multinational corporations. Existing studies of income shifting use changes in corporate tax rates as a source of identification. In contrast, this paper exploits exogenous...
Persistent link: https://www.econbiz.de/10013107348
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The Impact of Fiscal Policy on Profits
Katsimi, Margarita - 2009
during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our …
Persistent link: https://www.econbiz.de/10013154254
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The Information Content of Dividends : Safer Profits, Not Higher Profits
Michaely, Roni - 2018
Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the Campbell (1991) decomposition, we are able to estimate...
Persistent link: https://www.econbiz.de/10012930075
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China's Profits and Losses from Currency Intervention, 1994-2011
Jin, Hailong - 2014
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, which potentially have adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses....
Persistent link: https://www.econbiz.de/10013060479
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Is it Just Luring Reported Profit? The Case of European Patent Boxes
Koethenbuerger, Marko - 2018
property (IP). This paper assesses the quantitative impact of patent box regimes on profit shifting by multinational … profit compared to their counterparts with no IP ownership. Patent boxes do not only lure reported profit. The pre-tax profit …
Persistent link: https://www.econbiz.de/10012915086
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Exit Dynamics of Start-Up Firms : Does Profit Matter?
Golombek, Rolf - 2015
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10013028914
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Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany
Fuest, Clemens; Peichl, Andreas; Siegloch, Sebastian - CESifo - 2013
Because of endogeneity problems very few studies have been able to identify the incidence of corporate taxes on wages. We circumvent these problems by using an 11-year panel of data on 11,441 German municipalities’ tax rates, 8 percent of which change each year, linked to administrative...
Persistent link: https://www.econbiz.de/10010659186