Showing 1 - 10 of 511
corruption and the concealment of officials' bribes, tax havens discourage the provision of public goods and hence have also a … ; multinational firms ; corruption …
Persistent link: https://www.econbiz.de/10009355141
In the absence of financial frictions, the purpose of thin capitalization rules is to limit multinational firms’ possibilities of engaging in tax planning via debt shifting. This paper analyzes the effects of thin capitalization rules in the case where firms have limited access to external...
Persistent link: https://www.econbiz.de/10010506334
In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …
Persistent link: https://www.econbiz.de/10011451286
industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation … reduce local corruption and stimulate firms' investment in R&D and training to this day. We identify a causal effect by …
Persistent link: https://www.econbiz.de/10014478735
enforcement and political control are the most important determinants of China's corruption. Additionally, we find that corruption …This paper uses a multiple indicators and multiple causes (MIMIC) model and estimates the extent of corruption in 30 … Chinese provinces from 1995 to 2015. Treating corruption as an unobserved latent variable, the MIMIC results show that both …
Persistent link: https://www.econbiz.de/10011884334
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013337564
The paper discusses the effects of the corporate tax on local R&D expenditures by multinational enterprises (MNEs) when income from intellectual property (IP) may or may not benefit from a special IP regime. Our model shows that an increase of the standard corporate tax may have positive effects...
Persistent link: https://www.econbiz.de/10012668340
We estimate the corporate elasticity of taxable income. Our analysis draws on panel variation in the decentralized system of corporate taxation in Switzerland. We find that an increase in a jurisdiction's corporate net-of-tax rate by 1% results in an increase in aggregate corporate income by...
Persistent link: https://www.econbiz.de/10012318576
An important question is whether VAT exemption of financial services is a desirable property or whether it is justified only due to practical and administrative necessity. This paper singles out a number of financial services for discussion of this issue in a context allowing for other taxes and...
Persistent link: https://www.econbiz.de/10011735883
Persistent link: https://www.econbiz.de/10003712590