The financial crisis has generated a high degree of legislative activity both in the area of substantive and procedural financial regulation and in the area of taxation of the financial sector. This article explores criteria for legislative choice (in particular for the European Union) when a...

Modern economic writing regards the influence of market forces on legislation to be a major improvement to the quality of rule-making. This holds specifically true in the area of company law and tax law, which shape the framework for business activities like few other fields of law and have lead...