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The European Commission proposed to replace the currently existing Separate Accounting by an EU-wide tax system based on a Common Consolidated Corporate Tax Base (CCCTB). Besides the CCCTB, there is an alternative tax reform proposal, the European Tax Allocation System (ETAS). In a dynamic...
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We examine whether the 2005 mandatory adoption of IFRS is followed by an increase in cross-border acquisitions into the … adopting countries and whether the association is driven by IFRS per se or by concurrent enforcement changes. Using the … exogeneity of a firm's listing status to identify the effect of IFRS, we document a significant increase in cross …
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