Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals' decisions is still...

This article sketches, conceptually and empirically, the nature and magnitude of the economic gains associated with the impact of legal reform covering the financing of commercial aircraft and aircraft engines as contemplated by the proposed UNIDROIT Convention on International Interests in...