definition. This paper argues that value creation requires international cooperation and that the profit tax base should …'s objective suggests a tax system in which profits are split between the involved jurisdictions. This result triggers the question …

Beginning in the mid-seventeenth century, England changed its system of raising revenues from tax farming, combined … from tax farmers and monopolists to the central government such that English public finances improved dramatically compared … cost of tax farming is the ex-ante inefficiency due to the auction mechanism while a cost of direct collection is the ex …