I provide evidence on the group structures of multinationals and analyze to what extent these structures are tax … efficient. While the corporate income tax can hardly be avoided if a subsidiary is active in a country, withholding taxes depend …/subordinate relationship of subsidiaries, multinationals can often influence their total tax burden, especially regarding the repatriation of …

split along federal states is applied. Starting from the analysis of the basic tax effect, the paper also covers current … corresponds to that of Germany. The impact of taxation on investments is negative. A ten percentage points higher corporate tax … which show loss carryforwards. A lower tax rate at a specific location especially seems to attract holding companies, which …

Repatriation taxes reduce the competitiveness of multinational firms from tax credit countries when bidding for targets … in low tax countries. This comparative disadvantage with respect to bidders from exemption countries violates ownership …

This paper discusses the issue of profit shifting and "aggressive" tax planning by multinational firms. The paper makes … currently accused of avoiding taxes. We then show that preventing this type of tax avoidance is, in principle, straightforward … interest and license deduction, fundamental reforms of the international tax system and country-by-country reporting, are …

This paper discusses the impact and the appropriateness of tax incentives for small and medium-sized enterprises (SMEs …) in the European Union. First, we provide a survey of implemented tax incentives specifically targeted at SMEs in the 28 … EU Member States. Building hereon, we measure the impact of these regimes on the effective tax burdens of targeted …

A growing interest in R&D tax incentives as a way to sustain research and innovation efforts has given rise to a large … of underpinning R&D tax incentives designs. Our meta-analysis aims at explaining this heterogeneity by the designs … characteristics of R&D tax incentives. We find that the type of design has a distinct impact on R&D demand in the short run. We argue …

While there is a large and growing number of studies on the determinants of corporate tax rates, the literature has so … far ignored the fact that the behavior of governments in setting tax rates is often best described as a discrete choice … decision problem. We set up an empirical model that relates a government's decision whether to cut its corporate tax rate to …

. Our empirical results, based on a comprehensive panel of European firm-level data, suggest that a higher tax benefit of … the capital structures of smaller companies respond more heavily to changes in the tax benefit of debt. Additional … tax rates at the shareholder level implicates significant capital structure adjustments as well. Moreover, we find …

This paper investigates whether the size of multinationals' real investments in a high-tax country is affected by … profit shifting activities. A simple theoretical analysis shows that tax rates abroad impact the cost of capital in the …. An empirical analysis, based on a panel of German inbound investments, confirms a positive tax response of real …