This paper investigates whether the size of multinationals’ real investments ina high-tax country is affected by profit … respective size of investments should theoretically increase if profitscan be shifted to a lower taxing country. An empirical … analysis, based on a panel of Germaninbound investments, confirms a positive tax response of real investments with a …

risky investments in human capital are irreversible and individualscan affect the timing of the investment. Option values … investments to financial incentives, and larger sensitivityof higher education to low-return outcomes and human capital risks …. Higher tax rates (orlower subsidies) depress human capital investments, but to a lesser extent than in the standardhuman …

applicabledouble taxation convention provides for an exemptionof the branch profits in that country. Contrary to Marks& Spencer (C-446 …

participatein this game are small and midsize companies,which are subject to lifelong taxation on any assetthey purchase or develop …

hand, were among the first to be introduced when modernsystems of taxation were developed at the end of the nineteenth …

This paper examines the impact of a major change in dividend taxation introduced in the UK in July1997. The reform was …. These results provide strong support for thehypothesis that taxation affects the valuation of companies, and that pension …

linear income taxation. The development uses the idea of a perturbation of the optimal schedule and is based upon as …