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Can formula apportionment really prevent multinational enterprises from profit shifting? : the role of asset valuation, intragroup debt, and leases

Kiesewetter, Dirk; Steigenberger, Tobias; Stier, Matthias - 2014

The European Commission has been supporting a transition from a system of separate accounting to a system of formula apportionment. In 2011, it presented a proposal for a council directive on a Common Consolidated Corporate Tax Base (CCCTB). Formula apportionment is often considered more...

Persistent link: https://www.econbiz.de/10010410351

Zinsschranke, Unternehmensbewertung und APV Ansatz - eine Anmerkung zum Beitrag von Förster/Stöckl/Brenken (ZfB 2009, S. 985 ff.)

Arnold, Sven; Lahmann, Alexander; Schwetzler, Bernd - 2011 - Version vom 09.06.2010

Diskontierungssätze die Kenntnis des Wertbeitrages bereits voraus. -- Unternehmensbewertung ; Kapitalstruktur ; Tax Shield ; Zinsschranke …The German "Zinsschranke" limits the tax deductability of interest expenses. Recently, in this journal Förster et al … Zinsschranke und ihrer Wirkung auf die zinsinduzierte Steuerersparnis vor. Dieser Beitrag nimmt kritisch dazu Stellung: Es wird …

Persistent link: https://www.econbiz.de/10008986956

The effect of taxes on corporate financing decisions : evidence from the German interest barrier

Alberternst, Stephan; Sureth, Caren - 2015

The theoretical literature suggests that when taking tax effects into account, debt ought to be preferable to equity. However, there are no uniform predictions of the size of this tax benefit (tax shield) in comparison to an opposing increasing cost of debt (especially insolvency costs). The...

Persistent link: https://www.econbiz.de/10010466305

The impact of thin capitalization rules on shareholder financing

Maßbaum, Alexandra; Sureth, Caren - 2008

From a tax planner's point of view, it is often attractive to choose debt over equity financing. As this has led to an increase of debt financing of corporations, many countries have introduced thin capitalization rules to secure their tax revenues. We analyze the influence of section 8a of the...

Persistent link: https://www.econbiz.de/10003872008

Financial leverage and corporate taxation : evidence from German corporate tax return data

Dwenger, Nadja; Steiner, Viktor - 2009

We estimate the impact of effective profit taxation on the financial leverage of corporations on the basis of a pseudo-panel constructed from corporate tax return micro data for the period 1998-2001, a period which saw the introduction of a major corporate tax reform in Germany. The financial...

Persistent link: https://www.econbiz.de/10003872920

Capital structure and international debt shifting

Huizinga, Harry; Laeven, Luc; Nicodème, Gaëtan - 2006

Persistent link: https://www.econbiz.de/10003388955

Is consistency the panacea? : inconsistent or consistent tax transfer prices with strategic taxpayer and tax authority behavior

Diller, Markus; Lorenz, Johannes; Schneider, Georg; … - 2021

This study investigates how strategic tax transfer pricing of a multinational company (MNC) and two tax authorities in different countries affects production and tax avoidance decisions at the firm level and tax revenues at the country level. We employ a game-theoretical model to analyze the...

Persistent link: https://www.econbiz.de/10012601643

Turnover-based corporate income taxation and corporate risk-taking

Siahaan, Fernando; Amberger, Harald; Sureth, Caren - 2023

This study investigates the effect of a Turnover-based Corporate Income Tax (TbCIT) on corporate risk-taking. TbCIT is a simplified presumptive tax levied on a firm's turnover and commonly applied to SMEs and hard-to-tax income. Using a rich sample of Indonesian firms for the years 2009 to 2021,...

Persistent link: https://www.econbiz.de/10014486592

International profit shifting within European multinationals

Huizinga, Harry; Laeven, Luc - 2007

Persistent link: https://www.econbiz.de/10003413407

Do corporate tax cuts reduce international profit shifting

Brandstetter, Laura - 2014

This paper analyzes whether a corporate tax cut reduces profit shifting to low-tax countries. I use firm-level data of 2,812 German corporations around the Business Tax Reform in 2008. Applying a difference-in-differences framework with a one-onone matching strategy, which compares earnings of...

Persistent link: https://www.econbiz.de/10010348410