Using 2.21 million units of data from the National Bureau of Statistics’ China Industrial Enterprises Database, during 1998-2013, we adopt the static panel model and the dynamic panel model to more accurately examine the impact of changes in corporate income tax rates on employment. The...

After intensive and extensive preparation, the European Commission released the long-awaited proposal for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB) on 16 March 2011. In the context of the Europe 2020 Strategy, major objectives of the proposed CCCTB are the...

This study examines the effect of short-selling threats on tax aggressiveness. The SEC’s Regulation SHO pilot program relaxed short-selling constraints for a sample of U.S. stocks, thus leading to an exogenous increase in short-selling threats for these pilot stocks. After controlling for...

Recent years have seen a sustained decline in the labor share around the world. This paper studies this trend by focusing on the effect of corporate income taxes on firm-level labor shares. From 2010 to 2013, the Chinese central government cut the corporate income tax rate in 21 cities for...