Der folgende Beitrag analysiert die Auswirkungen von Dividendenzahlungen auf den arbitragefreien Kurs eines DAX-Futures. Es zeigt sich, daß die klassische Formel der Cash&Carry-Arbitrage für die Bewertung des DAX-Futures nicht sachgerecht ist, da steuerliche Effekte aus Dividendenzahlungen...

In this paper we present a computer-based model (so-called European Tax Analyzer) for the international computation and comparison of company tax burdens. The methodology follows the forward-looking concepts for the measurement of effective average tax rates (EATR) on the basis of a model-firm....

In this paper the impact of the corporate tax systems of the 15 EU-member states on the investment and the financing decision of an US multinational corporation is analysed. The calculation of the resulting effective marginal tax rates (EMTR) closely follow the model of King and Fullerton. There...

The measurement of the effective tax burden on profitable investments encounters many methodological problems. Some of them can be overcome by using an approach presented by Devereux and Griffith. Based on their methodology, we develop a measure for effective tax rates for profitable investments...