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temporary cut in corporate income tax rates leads to a long-lasting increase in innovation and productivity, whereas changes in …
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Company tax integration in the EU is yet to be realised. This article first outlines the main benefits of company tax integration for the Economic and Monetary Union, and also discusses the main legal obstacles the EU Treaties pose for harmonisation of company tax. The main problem identified is...
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We analyze to what extent more generous tax loss offset regulations are associated with a weaker decline and stronger recovery of firm stock prices during economic crises. We argue that an unrestricted loss carryforward and, particularly, an unrestricted loss carryback provides firms with...
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foster R&D spending and innovation, leading to a persistent increase in aggregate productivity and output. In contrast … rate of return to investment in innovation between 20% and 75%. …
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innovation, either to reduce production costs for a given output, to create a new product or service, or to deliver products to …
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