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Do Personal Income Taxes Affect Corporate Tax-motivated Profit Shifting?
De Vito, Antonio; Hillmann, Lisa; Jacob, Martin; … - 2022
This paper examines the role of personal income taxes in multinationals’ corporate tax–induced profit shifting. As … profit shifting to these countries. Because higher personal income taxes increase the cost of labor and thus the cost of … providing economic substance, we argue that personal income taxes can mute corporate tax–induced profit shifting. Using data on …
Persistent link: https://www.econbiz.de/10013291828
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Do Consumers Pay the Corporate Tax?
Jacob, Martin - 2020
We examine whether consumers bear corporate taxes through higher prices. Using data on the gas prices of German gas stations and local variation in business tax rates, we find that higher business taxes increase consumer prices, indicating corporate taxes fall partly on consumers. Prices...
Persistent link: https://www.econbiz.de/10012847365
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The Effect of Limited Tax Loss Carryforwards on Corporate Investment
Hillmann, Lisa; Jacob, Martin - 2022
This paper examines the corporate investment effect of a time limit on the use of net operating losses (NOLs). We predict that, when countries limit the use of NOLs to a few years instead of allowing indefinite use, managers of loss-making firms have an incentive to increase investments to...
Persistent link: https://www.econbiz.de/10013403931