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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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question we examine empirically refers to the possibility that an economic crisis could affect innovation performance through … associated with ICT-enabled innovation performance. This is the third research question of this paper. Our study is based on firm … decreased due to the crisis. Further, statistically significant negative relationship between ICT-enabled product innovation and …
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Recent evidence for the U.S. suggests that recessions play a crucial role in promoting automation and the reallocation of productive resources, which in turn increase aggregate productivity and lead to a higher standard of living. I present evidence suggesting that the same is true in Canada. In...
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