The multinationalization of corporate investment in recent years has given rise to a number of international tax … avoidance schemes that may be eroding tax revenues in industrialized countries, but which may also reduce tax burdens on mobile … capital and so facilitate investment. Both the welfare effects of and the optimal response to international tax planning are …

Tax planners often choose debt over equity financing. As this has led to increased corporate debt financing, many … countries have introduced thin capitalization rules to secure their tax revenues. In a general capital structure model we …-called Miller equilibrium and definite financing effects depend significantly on the underlying tax system. Further, our results are …

1998-2006 the Italian corporate income tax has been reformed several times. In particular the tax deductibility of write … in the marginal tax rate to identify tax effects. The econometric analysis delivers strong evidence that taxes affect the … tests for the existence of a trade-off between tax minimization and non tax costs such as financial reporting costs and …

over ten years. During this period, the dual income tax system allowed corporations to shift tax regime without changing … tax reducing coalition. Our results show that corporations respond to tax incentives and change tax regime in order to … reduce tax payments. But persistent cohort effects in the choice of tax regime and substantial unobserved corporation …

This paper studies corporate tax competition if it is costly to learn some of the elements that determine the effective … tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries … of tax rate and tax base choices. Search cost can explain the empirically observed tax cuts cum base broadening. …

creation of value. Besides, geographic distances tend to be less relevant. The main objective of international tax planning … consists of minimising the effective tax rate of the whole company or group. In this paper, it is examined for several … instruments of international tax planning whether new chances of minimising the effective tax rate emerge with the use of ICT and …

This paper discusses the harmful tax practices of multinational enterprises (MNEs) and the fight of international … organizations against them. We focus on the anti-tax base erosion and profit shifting project (anti-BEPS project) of the … adapt their business structures and plans according to new tax regulations, which will also lower their profit levels due to …

only operative managerial effort is very similar to the model in a world without taxes. If the agent can also provide tax … planning effort, however, unexpected results emerge. We show various paradoxical tax effects. For instance, the principal's net … profit can increase with increasing corporate tax rate. As another example of paradoxical tax effects, tax planning effort …

Most studies of tax competition and the race to the bottom focus on potential host countries competing for mobile … capital, neglecting the role of corporate tax planning and of home governments that facilitate this planning. This neglect in … part reflects the narrow view frequently taken of the policy instruments that countries have available in tax competition …