Similar Search Results

Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits

Koethenbuerger, Marko - 2018

-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …

Persistent link: https://www.econbiz.de/10012921411

Profit Taxation and Finance Constraints

Keuschnigg, Christian - 2010

In the absence of financing frictions, profit taxes reduce investment by their effect on the user cost of capital. With … finance constraints due to moral hazard, investment becomes sensitive to cash-flow and own equity of firms. We propose a … corporate finance model of investment and derive three central results: (i) Even small taxes impose first order welfare losses …

Persistent link: https://www.econbiz.de/10013148299

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

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

State Corporation Income Taxation - An Economic Perspective on Nexus

Wildasin, David E. - 2010

Acting in the interest of their residents, within limits imposed by Federal statute and by the Constitution, states have incentives to impose taxes on the profits of corporations owned by nonresidents. This paper presents a model within which a state, using an apportionment formula that includes...

Persistent link: https://www.econbiz.de/10013136653

Corporate Income Taxation of Multinationals and Fiscal Equalization

Liesegang, Caterina - 2009

This paper investigates the effect of fiscal equalization on the efficiency properties of corporate income tax rates chosen by symmetric countries in a Nash tax competition game under the taxation principles of Separate Accounting and Formula Apportionment. Fiscal equalization ensures efficiency...

Persistent link: https://www.econbiz.de/10013157189

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

Optimal Redistributive Taxation and Provision of Public Input Goods in an Economy with Outsourcing and Unemployment

Aronsson, Thomas - 2008

This paper concerns optimal redistributive income taxation and provision of a public input good in a two-type model with a minimum wage policy implemented for the low-ability type, where firms may use some of their resources for outsourcing by locating part of the production process abroad. Our...

Persistent link: https://www.econbiz.de/10012768264

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

Corporate Income Taxation of Multinationals in a General Equilibrium Model

Eichner, Thomas - 2008

This paper contributes to the discussion on Separate Accounting versus Formula Apportionment in the corporate income taxation of multinational enterprises (MNEs). The innovation of the analysis is that we consider a general equilibrium tax competition model with an endogenously determined world...

Persistent link: https://www.econbiz.de/10012771695

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