We contribute to the empirical literature on the debt bias of corporate income taxation through a firm-level evaluation … stronger than those the previous literature for traditional Allowance for Corporate Equity (ACE) tax systems has identified …

This paper investigates the impact of an Allowance for Corporate Equity (ACE) on the expected tax revenues and on the … ACE. This yields to a strong impact on the financial structure of multicorpo-rate enterprises although there is only a … moderate decline in tax revenues. Focusing profit shifting via transfer prices, the ACE has no positive effect. Only a cut of …

law details the question arises to what extend consideration of taxation is optimal. In this paper we show that taking …

-puzzle'. However, despite tremendous efforts in different fields of economics, the influence of taxation on the distribution policy of … 'traditional view' of dividend taxation, German decision-makers cut back their dividend payments in response to the reduced …

forms the order corresponds with the grade of taxation. At least, the minimum return rates converge by including the value …