We analyze the competition in bonus taxation when banks compensate their managers by means of fixed and incentive pay and bankers are internationally mobile. Banks choose bonus payments that induce excessive managerial risk-taking to maximize their private benefits of existing government bailout...

This paper examines endogenous timing in an international tax competition model. Unlike existing studies, governments are assumed to decide not only tax rates but also whether they are set early or late. The Nash equilibrium provides four conclusions for alternative double tax allowances. First,...

The article deals with tax component of international competitiveness of Russian business subjects - tax residents. The author makes account of strong and weak sides of Russian tax climate for business development as well as compares levels of tax burden and rates of basic taxes in Russia and in...

Globalisation is a phenomenon that is said to have radically changed the international economy. It is said to have radically limited the power of national governments, particular in the field of taxation, in a world of highly mobile capital and flexible transnational corporations. To explore the...

В статье акцентировано внимание на налоговой составляющей конкурентоспособности российских хозяйствующих субъектов – резидентов, обращено внимание на...

В статье затрагиваются тенденции в индивидуальном подоходном налогообложении в ведущих странах мира на современном этапе развития, отмечается вклад...

Intensification of international tax competition, associated with the process of globalization and financial markets integration is recently becoming a very live issue, causing a lot of both enthusiasm and scepticism among politicians, economists, taxpayers. This is mainly because of its...