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Corporate tax reforms carried out in EU countries since 1980 entail lower statutory tax rates and reductions in generous tax depreciation provisions. Several countries including the UK have reduced tax rates for SMEs. This study compares incentive effects of such reforms on the SMEs’...
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German municipalities have substantial autonomy in setting taxes on two distinct tax bases: business profits and property values. We use this setting and a two-step approach to explore whether implemented tax policy is consistent with the seminal inverse-elasticity rule. First, we estimate the...
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of its "Global Britain" strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with … compensate for Brexit-induced trade losses. Our results also reveal that independence from the UK in itself would inflict greater … post-Brexit economic harm on the devolved nations of Great Britain. Nevertheless, these effects could be entirely removed …
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The objective is to forecast the impact of potential Brexit scenarios on the export volume of passenger cars from … all variables significant at the 5% level. This is used for forecasting future export volumes under different Brexit … scenarios. Diagnostic tests suggest that the model is robust and efficient. All tested Brexit scenarios are found to negatively …
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