government seeking to extract surplus from entrepreneurs would naturally tax equity-generated income more than debt … along their debt-to-equity ratios, the optimal non-linear tax schedule to achieve the desired discrimination is isomorphic …

Governments of EU Member States have been reducing statutory corporate income tax rates (“CIT”) for several years. What … encourages them to take part in tax competition? The article discusses several issues which are in favor of lower CIT rates. They … one of a number of reasons for CIT rate depression. Tax competition is fueled by the various sizes of the economies of EU …

radical reform that would align tax rates across legal forms while protecting incentives to save and invest. Finally, we …

effective tax rates than domestic firms. We confirm this result using a state-of-the-art propensity score matching approach …

Commentators on the private equity industry often claim that favorable tax treatment gives private equity firms … advantages in the market for corporate control. But we show that tax advantages do not affect the equilibrium ownership of …. However, tax advantages are of importance under limited bidding competition, limited deductibility and in the presence of …

We examine whether three tax system characteristics – required book-tax conformity, worldwide versus territorial … approach, and perceived strength of enforcement – impact corporate tax avoidance across countries after controlling for firm …-specific factors previously shown to be associated with tax avoidance (i.e., performance, size, operating costs, leverage, growth, the …

We identify a pecuniary externality arising from corporate tax avoidance. Firms share risk with the government via … taxation. The lower the tax rate applied to a firm's earnings, the more risk is borne by its shareholders. As more firms engage … in avoidance in the aggregate, the variance of the market's after-tax cash flow increases. Consequently, the covariance …

costs in case of tax haven activities. We test whether the availability of additional public information on the locations of … banks' subsidiaries reduces their tax haven presence. In a preliminary difference-in-difference analysis we find that indeed …, tax haven presence in “Dot-Havens” has declined significantly after the introduction of mandatory public country …

empirical strategies, accounting rules, and tax laws. We discuss how these and other developments change our understanding of … leverage and taxes. Overall, tax incentives still do not seem to have a consistent, first-order effect on corporate capital … about tax rates and real-world financing decisions, and offer insights and direction for future research. We conclude that …