This paper provides a theory of incorporation and taxation that emphasizes the role of the corporate legal form in facilitating access to external capital and the potential advantages of limited liability. Incorporation relaxes financing constraints and makes corporations larger than comparable...

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

This paper compares domestically and foreign-owned plants with respect to their debt-toassets ratio and analyzes to which extent the difference is systematically affected by corporate taxation. To derive hypotheses about influence of corporate taxation on a firm's debt financing we adapt a...

This paper provides theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of corporate governance and taxation. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

A widespread controversy raised in the period under review regarding measures of tackling the eff ects of economic sanctions on Russia. In our opinion, decision-making should be based on a comprehensive analysis of potential eff ects of measures proposed by the Russian Government and/or experts....

The period under review saw events that will have a signifi cant eff ect on Russia’s economic policies in the near term: Russia imposed a prepayment regime on natural gas supplies to Ukraine and signed an agreement on the establishment of Eurasian Economic Union (EAEU) embracing Russia,...

The Main Trends of the Budget Policy for 2015 and the Planning Period of 2016 and 2017 deserves a particular emphasis in reviewing the above period. This is the fi rst detailed analytical document concerning the current situation and development prospects of the Russian economy facing economic...

In the period under consideration, as a result of restrictions imposed by Russia on food imports from those countries that had introduced sanctions against the Russian Federation or those that have joined the anti-Russian economic policy, the domestic market was being artifi cially limited. This...

Анализируемый период январь-февраль 2014 г. обозначил новые тенденции в развитии налогового законодательства РФ. Прежде всего, с завершением принятия...