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Corporate Tax Enforcement Externalities and the Banking Sector
Gallemore, John - 2020
better loan decisions. Our findings are consistent with the tax authority's mandate having important externalities on bank …We explore whether corporate tax enforcement can affect bank lending. Specifically, we hypothesize that tax enforcement … increased bank commercial lending. Exploiting the regional structure employed by the IRS until 1999, we find that the corporate …
Persistent link: https://www.econbiz.de/10012851033
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Tax Avoidance Through Corporate Accounting : Insights for Corporate Tax Bases
Heiser, Eric; Love, Michael; Mortenson, Jacob - 2023
We investigate the degree to which corporations can manipulate their accounting of expenses to avoid taxes, and estimate the corresponding effects for corporate tax bases. We exploit a unique corporate tax reform in Texas that replaced a 4.5% profits tax with a much broader 1% tax on gross...
Persistent link: https://www.econbiz.de/10014353349
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Quantifying the OECD BEPS indicators : an update to BEPS Action 11
Klein, Daniel; Ludwig, Christopher A.; Nicolay, Katharina; … - 2021
In its 2015 Final Report on “Measuring and Monitoring BEPS, Action 11”, the OECD introduced six indicators to quantify and evaluate base erosion and profit shifting (BEPS) activity over time. In this study, we revisit three selected indicators, provide a numerical update for recent periods...
Persistent link: https://www.econbiz.de/10012431825
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Management incentives under formula apportionment : tax-induced distortions of effort and compensation in a principal-agent setting
Martini, Jan T.; Niemann, Rainer; Simons, Dirk - 2014
The introduction of a common consolidated corporate tax base (CCCTB) and tax allocation via formula apportionment (FA) is hotly debated in the European Union (EU) since more than a decade. While the literature has thoroughly analyzed the economic effects of FA from a macro-level perspective, the...
Persistent link: https://www.econbiz.de/10010375838
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Management incentives under formula apportionment : tax-induced distortions of effort and compensation in a principal-agent setting
Martini, Jan T.; Niemann, Rainer; Simons, Dirk - 2014
The introduction of a common consolidated corporate tax base (CCCTB) and tax allocation via formula apportionment (FA) is hotly debated in the European Union (EU) since more than a decade. While the literature has thoroughly analyzed the economic effects of FA from a macro-level perspective, the...
Persistent link: https://www.econbiz.de/10010383849
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The CCCTB option : an experimental study
Keser, Claudia; Kimpel, Gerrit; Oestreicher, Andreas - 2014
The objective of this paper is to look into the probability that, given the choice, corporate groups would opt for taxation on a consolidated basis. Consolidation would allow them to offset losses crossborder but remove the opportunity to exploit international tax-rate differentials between...
Persistent link: https://www.econbiz.de/10010259636
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The CCCTB option : an experimental study ; conference paper
Keser, Claudia; Kimpel, Gerrit; Oestreicher, Andreas - 2014
The objective of this paper is to look into the probability that, given the choice, corporate groups would opt for taxation on a consolidated basis. Consolidation would allow them to offset losses crossborder but remove the opportunity to exploit international tax-rate differentials between...
Persistent link: https://www.econbiz.de/10010487270
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Rationalizing formula apportionment
Becker, Johannes - 2024
Many federal tax systems employ formula apportionment to allocate the taxable profits of large businesses to the federal subunits, where the subunits' specific tax rates are then applied. The formulas - such as the one recently proposed by the EU Commission and the one agreed upon by the...
Persistent link: https://www.econbiz.de/10014632348
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Wide vs. narrow tax bases under optimal investment timing : presented at CESifo Area Conference on Public Sector Economics, May 2004
Panteghini, Paolo - 2004
This article compares an ACE system with a CBIT system in an open economy. Using a realoption approach we show that, if a firm can decide when to invest, a tradeoff is found. According to traditional wisdom, a high-income firm investing in an ACE system faces a heavier tax burden at each...
Persistent link: https://www.econbiz.de/10011450221
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Global firms, national corporate taxes : an evolution of incompatibility
Hebous, Shafik - 2020
How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...
Persistent link: https://www.econbiz.de/10012288036