research topics when analyzing the impact of existing loss carryforwards and when tracing holding structures. The descriptive … which show loss carryforwards. A lower tax rate at a specific location especially seems to attract holding companies, which …

structure decisions. We investigate the effect of the difference in taxation of debt and equity financing on capital structures … debt has the expected significant positive impact on a company's financial leverage. Particularly, we find evidence that … the capital structures of smaller companies respond more heavily to changes in the tax benefit of debt. Additional …

We analyze the impact of tax loss treatment on the size and structure of multinational investments. Basically, two … effects of tax loss treatment can be expected. First, firms make their investment decisions in the face of potential future … losses. Then, the various types of conceivable loss offset provisions affect investment decisions. Secondly, existing loss …