This paper exams two mega-regional FTAs under negotiation at the time of writing, namely the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, and exams what the implications may be - particularly of new rules in regulatory sectors hitherto untouched by...

The paper analyzes the effects of a regionally coordinated profit tax in a model with three active countries, one of which is not part of the union, and a globally mobile firm. We show that regional tax coordination can lead to two types of welfare gains. First, for investments that would take...