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This paper examines the presumption that Switzerland was faced with higher capital inflows during and after the … financial crisis. In order to do this, it identifies waves of capital flows to and from Switzerland using a simple statistical … method. The analysis finds that no surges of gross capital inflows to Switzerland have occurred since the financial crisis …
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This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital-to-debt ratios. Under separate accounting, multinationals shift debt from low-tax to high-tax countries. The Nash equilibrium of...
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