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Asymmetric taxation and cross-border investment decisions

Niemann, Rainer - 2004

This paper analyzes the impact of particular loss offset limitations on intrastate and crossborder investment decisions. Investment can be realized in the investor's domestic business, in a foreign branch or in a foreign subsidiary. The relative impact on the optimal real investment alternative...

Persistent link: https://www.econbiz.de/10010261216

Group taxation, asymmetric taxation and cross-border investment incentives in Austria

Niemann, Rainer; Treisch, Corinna - 2005

In 2005, Austria modified its group taxation regime and now provides an option for crossborder loss-offset. We analyse the combined impact of Austria's new group taxation and lossoffset limitations on cross-border investment decisions of domestic corporations. Monte Carlo simulations in an...

Persistent link: https://www.econbiz.de/10010261305

Transfer pricing or formula apportionment?: tax-induced distortions of multinationals' investment and production decisions

Martini, Jan Thomas; Niemann, Rainer; Simons, Dirk - 2007

For mitigating the problems of transfer pricing formula apportionment (FA) is discussed intensively. However, FA could even be more harmful than transfer pricing because income shifting would require changing economic decisions instead of just taking advantage of accounting options. We analyze...

Persistent link: https://www.econbiz.de/10010264148

Transfer pricing or formula apportionment? Tax-induced distortions of multinationals' investment and production decisions

Martini, Jan Thomas; Niemann, Rainer; Simons, Dirk - 2007

Multinational groups (MNGs) produce a major part of global output. Further, a substantial fraction of international transactions happens to be internal, i.e., intermediate products and services are traded between group members. Thus, the problem of co-ordinating economic decisions like...

Persistent link: https://www.econbiz.de/10010298471

Risikoübernahme, Arbeitsanreiz und differenzierende Besteuerung

Niemann, Rainer - 2007

In diesem Beitrag werden die Effekte symmetrischer und differenzierender Besteuerung auf die Portfoliowahl und den Arbeitsanreiz untersucht. Hierbei wird zunächst ein Portfoliomodell mit zwei riskanten Projekten im Ein-Personen-Kontext, d.h. ohne Arbeitsanreizproblem betrachtet. Symmetrische...

Persistent link: https://www.econbiz.de/10010298472

Zum Einfluß asymmetrischer Besteuerung auf die Vorteilhaftigkeit erfolgsabhängiger Entlohnungsverträge

Niemann, Rainer - 2010

In diesem Beitrag werden die Effekte symmetrischer und asymmetrischer Besteuerung auf die Vorteilhaftigkeit erfolgsabhängiger und erfolgsunabhängiger Entlohnungsverträge untersucht. Dazu wird ein binäres Agency-Modell verwendet, in das eine proportionale Unternehmenssteuer auf Ebene des...

Persistent link: https://www.econbiz.de/10010303889

Asymmetric taxation and performance-based incentive contracts

Niemann, Rainer - 2011

This paper analyzes the effects of symmetric and asymmetric taxation on performance-based versus fixed remuneration contracts. I integrate a proportional corporation tax and a proportional wage tax into a binary principal-agent model. The wage tax increases the remuneration costs and makes the...

Persistent link: https://www.econbiz.de/10010274823

Limited liability, asymmetric taxation, and risk taking: Why partial tax neutralities can be harmful

Ewert, Ralf; Niemann, Rainer - 2010

We examine the combined effects of asymmetric taxation and limited liability on optimal risk taking of investors. Given an optimal risk level in the pre-tax case under full liability, loss-offset restrictions reduce, and limited liability enhances the incentives for taking risk. For every degree...

Persistent link: https://www.econbiz.de/10010274985

Investment effects of wealth taxes under uncertainty and irreversibility

Niemann, Rainer; Sureth, Caren - 2015

The growing dissatisfaction with perceived distributional inequality and budgetary constraints gave rise to a discussion on the (re-)introduction of wealth taxes. Wealth taxes are typically levied on private wealth, in some countries also on corporate wealth. To avoid misleading statements...

Persistent link: https://www.econbiz.de/10011430527

Taxation under uncertainty problems of dynamic programming and contingent claims analysis in real option theory

Niemann, Rainer; Sureth, Caren - 2002

risk averison. It compares the possible approaches dynamic programming and contingent claims analysis to analyze their …, dynamic programming and contingent claims analysis yield identical investment thresholds under risk neutrality. In contrast … contingent claims analysis is restricted to cases with a dividend rate unaffected by risk. Therefore, only dynamic programming …

Persistent link: https://www.econbiz.de/10011409752