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This paper calculates effective macro-economic tax rates for the 25 EU countries following the methodology developed in …. We show that effective tax rates in the 10 new member states of the EU are on average 10 percentage points lower on labor … capital. The newly computed tax rates are in line with the effective tax rates of the EU Commission for EU 15. Effective tax …
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Foreign direct investment is of increasing importance in the European Union. This paper estimates the effect of taxes on foreign direct investment (FDI) flows and on three sub-components of these flows for the countries of the en- larged European Union. The model in the spirit of gravity...
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We investigate the effects of official fiscal data and creative accounting signals on interest rate spreads between bond yields in the European Union. Our model predicts that risk premia contained in government bond spreads should increase in both, the official fiscal position and the expected...
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