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Incorporation and taxation : theory and firm-level evidence

Egger, Peter; Keuschnigg, Christian; Winner, Hannes - 2009

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes … and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation … (corporate and personal income taxes), corporate transparency, access to external capital and limited liability. We estimate …

Persistent link: https://www.econbiz.de/10010265996

Saving taxes through foreign plant ownership

Egger, Peter; Eggert, Wolfgang; Winner, Hannes - 2007

This paper analyzes to which extent foreign plant ownership involves lower tax payments than domestic plant ownership. We employ a model of endogenous foreign subsidiary ownership to derive a set of empirically testable hypotheses about the differential taxation of foreign- and...

Persistent link: https://www.econbiz.de/10010264050

Multinational ownership patterns and anti-tax avoidance legislation

Prettl, Axel; von Hagen, Dominik - In: International Tax and Public Finance 30 (2022) 3, pp. 565-634

We investigate whether controlled foreign corporation (CFC) rules influence cross-border merger and acquisition (M&A) activity on a global scale. CFC rules are one main anti-tax avoidance measure and potentially lead to immediate taxation of foreign subsidiaries' income at parent level....

Persistent link: https://www.econbiz.de/10015210327

The Global Minimum Tax Raises More Revenues than You Think, or Much Less

Janeba, Eckhard; Schjelderup, Guttorm - 2023

The OECD's proposal for a global minimum tax (GMT) of 15% aims for a reversal of a decline of corporate tax rates. We study the revenue eﬀects of the GMT by focusing on strategic tax setting eﬀects. The direct eﬀect from less proﬁt shifting increases revenues in high-tax countries. A...

Persistent link: https://www.econbiz.de/10014290228

The Economics of the Global Minimum Tax

Schjelderup, Guttorm; Stähler, Frank - 2023

This paper shows that the OECD inclusive framework of Pillar Two fails to implement the claimed 15% minimum corporate tax for subsidiaries of multinational corporations. The reason is that the Substance-based Income Exclusion of Pillar Two allows to tax-deduct payroll costs and user costs of...

Persistent link: https://www.econbiz.de/10014290229

Corporate taxation and multinational activity

Egger, Peter; Loretz, Simon; Pfaffermayr, Michael; … - 2006

This paper assesses the impact of corporate taxation on multinational activity. A numerically solvable general equilibrium model of trade and multinational firms is used to incorporate the following components of corporate taxation: parent and host country statutory corporate tax rates,...

Persistent link: https://www.econbiz.de/10010263956

Competition for firms in an oligopolistic industry: do firms or countries have to pay?

Haufler, Andreas; Wooton, Ian - 2007

integration proceeds, equilibrium taxes decline, switching from positive to negative levels, and then rise as trade costs fall …

Persistent link: https://www.econbiz.de/10010264114

Firms' financial choices and thin capitalization rules under corporate tax competition

Haufler, Andreas; Runkel, Marco - 2008

Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...

Persistent link: https://www.econbiz.de/10010264461

FDI and taxation: a meta-Ssudy

Feld, Lars P.; Heckemeyer, Jost Henrich - 2009

Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals' decisions is still...

Persistent link: https://www.econbiz.de/10010264552

A race beyond the bottom: The nature of bidding for a firm

Furusawa, Taiji; Hori, Kazumi; Wooton, Ian - 2010

We examine how the bidding environment may affect the outcome of tax competition between two countries (or two regions) in attracting a firm's foreign direct investment (FDI).We compare the equilibrium location choice and payoffs from an English auction, with both complete and incomplete...

Persistent link: https://www.econbiz.de/10010270462