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Heterogeneous tax sensitivity of firm-level investments
Egger, Peter; Erhardt, Katharina; Keuschnigg, Christian - 2014
Firms are heterogeneous in size, productivity, ownership concentration, governance, financial structure and other dimensions. This paper introduces a stylized theoretical framework to account for such differences and to explain the heterogeneous tax sensitivity of firm-level investments across...
Persistent link: https://www.econbiz.de/10010412040
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Zinsschranke, Unternehmensbewertung und APV Ansatz - eine Anmerkung zum Beitrag von Förster/Stöckl/Brenken (ZfB 2009, S. 985 ff.)
Arnold, Sven; Lahmann, Alexander; Schwetzler, Bernd - 2011 - Version vom 09.06.2010
The German "Zinsschranke" limits the tax deductability of interest expenses. Recently, in this journal Förster et al. have developed a model to incorporate this tax regulation into the calculation of the tax shield in corporate valuation. Our paper critically comments on this proposal. --...
Persistent link: https://www.econbiz.de/10008986956
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Building Up a Protective Shield : The Role of Communication for Corporate Tax Risk Management
Bruehne, Alissa - 2019
Our objective is to examine the ‘black box' of corporate tax risk management by providing unique insights into practitioners' tax risk perception, implemented tax risk management practices, and the internal dynamics leading to these practices. We perform our analysis based on 33 expert...
Persistent link: https://www.econbiz.de/10012898027
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Körperschaftsbesteuerung und Unternehmensverschuldung : empirische Evidenz von europäischen Firmendaten
Stöckl, Matthias; Winner, Hannes - 2010
Die vorliegende Arbeit untersucht anhand von europäischen Firmendaten den Einfluss der Körperschaftsteuer auf die Unternehmensverschuldung. Dabei wird insbesondere auf Firmenheterogentität in Bezug auf Firmengröße und Gesellschaftsform fokussiert. Der verwendete Datensatz enthält...
Persistent link: https://www.econbiz.de/10009731766
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Corporate taxation and investment : the case of the split rate corporate tax system in Macedonia
Gruevski, Ilija; Gaber, Stevan - In: Economic analysis : EA 47 (2014) 3/4, pp. 136-157
Persistent link: https://www.econbiz.de/10010506010
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The impact of thin capitalization rules on the location of multinational firms' foreign affiliates
Merlo, Valeria; Riedel, Nadine; Wamser, Georg - 2015
This paper examines how restrictions on the tax-deductibility of interest cost affect location choices of multinational corporations (MNCs). Many countries have introduced so-called thin-capitalization rules (TCRs) to prevent MNCs from shifting tax base to countries with lower tax rates. As of...
Persistent link: https://www.econbiz.de/10011300391
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Heterogeneous tax sensitivity of firm-level investments
Egger, Peter; Erhardt, Katharina; Keuschnigg, Christian - 2014
Persistent link: https://www.econbiz.de/10010439126
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Can formula apportionment really prevent multinational enterprises from profit shifting? : the role of asset valuation, intragroup debt, and leases
Kiesewetter, Dirk; Steigenberger, Tobias; Stier, Matthias - 2014
pricing and intragroup debt financing (through loans and leases) under both separate accounting and formula apportionment. Our …
Persistent link: https://www.econbiz.de/10010410351
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Capital structure and taxation of companies operating within national and multinational corporate groups : evidence from the Visegrad Group of countries
Kluzek, Marta; Schmidt-Jessa, Katarzyna - In: Journal of business economics and management 23 (2022) 2, pp. 451-481
The aim of this study is to review the level of debt and the impact of taxation on the capital structure of companies … capitalization influenced entities' capital structure determinants, but had no significant impact on the companies' level of debt. …
Persistent link: https://www.econbiz.de/10013259024
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Curbing corporate debt bias : do limitations to interest deductibility work?
Mooij, Ruud A. de; Hebous, Shafik - 2017
Tax provisions favoring corporate debt over equity finance ("debt bias") are widely recognized as a risk to financial … amount, affect corporate debt ratios and mitigate financial stability risk. We find that rules targeted at related party … borrowing (the majority of today's rules) have no significant impact on debt bias - which relates to third-party borrowing. Also …
Persistent link: https://www.econbiz.de/10011597274