Formulary apportionment is an intensively debated mechanism for allocating tax base within multinational groups. Systems under which the formula is identical in all jurisdictions and systems under which jurisdictions can determine the weights on the formula factors individually can be observed....

Formulary apportionment is an intensively debated mechanism for allocating tax base within multinational groups. Systems under which the formula is identical in all jurisdictions and systems under which jurisdictions can determine the weights on the formula factors individually can be observed....

Formula Apportionment ist derzeit ein intensiv diskutierter Ansatz zur Aufteilung der Bemessungsgrundlage von multinationalen Konzernen. Dabei können Systeme, bei denen die Aufteilungsformel in allen Jurisdiktionen gleich ist und solche, bei denen die Jurisdiktionen die Faktorengewichtungen...

This paper analyzes the effects of legal uncertainty, as measured by differences in legal systems, the existence of double tax agreements, and corruption, around corporate income taxation on foreign direct investment (FDI). We find that an increase in the ratio of the statutory corporate income...

In this paper, we present a simple general equilibrium model of the portfolio behavior of households and institutions, paying particular attention to the influence of differences in tax rates and attitudes toward risk. Under the plausible assumptions that households are more risk averse than...

It is well-known that cash-flow business taxes with full loss-offset, and their present-value equivalents, are neutral with respect to firms' investment decisions when firms are riskneutral and there are no distortions. We study the effects of cash-flow business taxation when there is bankruptcy...