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There's no place like home : the profitability gap between headquarters and their foreign subsidiaries
Dischinger, Matthias; Riedel, Nadine - 2009
Using a large data set of European firms, this paper provides evidence that operations at multinational headquarters are significantly more profitable than operations at their foreign subsidiaries. The effect turns out to be robust and quantitatively large. Our findings suggest that the...
Persistent link: https://www.econbiz.de/10003922612
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Profit shifting by debt financing in Europe
Barion, Francesca; Miniaci, Raffaele; Panteghini, Paolo; … - 2010
This article aims at analyzing the link between subsidiaries' capital structure and taxation in Europe. First we …
Persistent link: https://www.econbiz.de/10003944704
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Consequences of the new UK tax exemption system : evidence from micro-level data
Egger, Peter; Merlo, Valeria; Ruf, Martin; Wamser, Georg - 2012
Until 2009, the United Kingdom operated a system of worldwide taxation. Taxation of foreign income was deferred until repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend payments and keeping earnings abroad. In 2009, the UK...
Persistent link: https://www.econbiz.de/10009630130
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Green national accounting for welfare and sustainability : a taxonomy of assumptions and results
Asheim, Geir B. - 2002
This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …
Persistent link: https://www.econbiz.de/10011514087
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The circular economy
Fullerton, Don - 2024
Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of...
Persistent link: https://www.econbiz.de/10014529224
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To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar - 2022
specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10012938962
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Sustainability of an economy relying on two reproducible assets
Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2017
Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an … genuine savings and the sustainability prospects of future generations. …
Persistent link: https://www.econbiz.de/10011597303
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What do we really know about fiscal sustainability in the EU? : a panel data diagnostic
Afonso, António (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003641707
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Political stability and fiscal policy : time series evidence for the Swiss federal level since 1849
Feld, Lars P.; Schaltegger, Christoph A. - 2009
This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an...
Persistent link: https://www.econbiz.de/10003854439
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Ageing and the welfare state : securing sustainability
Meier, Volker; Werding, Martin - 2010
with these issues. Still, some countries have made substantial progress in securing the long-term sustainability of their … ; welfare state ; public expenditure ; fiscal sustainability ; policy reforms …
Persistent link: https://www.econbiz.de/10003928767