In this paper, we investigate the existence of strategic interactions between the former EU15 countries and the countries of Central and Eastern Europe regarding corporate taxes. We estimate an empirical model of strategic interactions among 27 European countries for the period 1995-2005, using...

This paper examines if firms shift income out of years with high corporate tax rates into years when tax cuts are anticipated. Such intertemporal shifting can be one explanation for the stability of corporate tax revenues in Central and Eastern Europe, despite the major decline in the corporate...

Corporate tax rates in the industrialized countries have been decreasing for many years. This decline has been attributed by many scholars to tax competition. In this context, however, less attention has been paid to the relation between regional economic integration and the development of the...

This paper explores some important, from the multinational companies perspective, aspects of the Romanian corporate income tax comparing them with the corporate income taxes from other eastern European countries which compete with Romania in attracting foreign direct investments. That comparison...

This paper explores the fiscal measures adopted in the transition European countries in order to encourage the foreign direct investment. There were analyzed six countries: Albania, Macedonia, Moldova, Russian Federation, Union of Serbia and Montenegro, Ukraine, based on the four criteria:...

Interrelationship between optimal fiscal policy and property structure is analyzed in the general equilibrium model with government playing Ramsey planner role and private and public sectors responding rationally to the government actions. In first best allocations with 100% profit taxation and...

The paper analyzes the decline of tax revenue/GDP ratios in transition economies of central and eastern Europe. The paper separates the effect on revenues of discretionary policy actions and finds that endogenous factors, notably the collapse of underlying profits and declining effective tax...

This paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on three main topics: (a) the extent to which the budget deficit should be a guide to policy; (b) the reforms that must be carried out in tax...