We contribute to the empirical literature on the debt bias of corporate income taxation through a firm-level evaluation … stronger than those the previous literature for traditional Allowance for Corporate Equity (ACE) tax systems has identified …

) and the Allowance for Corporate Equity tax (ACE). Using an imperfect-competition model for a small open economy, it is … shown that the well-known neutrality property of ACE does not hold. Both corporate tax regimes distort market entry and … effects of ACE and CBIT, and whether entry is excessive or suboptimal at the given corporate tax rate. Imposing tax income …

Corporate Business Income Tax (CBIT) and the Allowance for Corporate Equity tax (ACE). A main result is that a small open … known neutrality property of the ACE tax is no longer true when firms are mobile and can enter the market. Which tax system … is better from a welfare point of view, CBIT or ACE, is shown to depend on assumptions about production technology and …

This paper investigates the impact of an Allowance for Corporate Equity (ACE) on the expected tax revenues and on the … ACE. This yields to a strong impact on the financial structure of multicorpo-rate enterprises although there is only a … moderate decline in tax revenues. Focusing profit shifting via transfer prices, the ACE has no positive effect. Only a cut of …

This paper investigates the impact of an Allowance for Corporate Equity (ACE) on the expected tax revenues and on the … ACE. This yields to a strong impact on the financial structure of multicorpo-rate enterprises although there is only a … moderate decline in tax revenues. Focusing profit shifting via transfer prices, the ACE has no positive effect. Only a cut of …

Contemporary tax theory and practice provides two fundamental concepts for taxation of personal income: scheduler and …. Dual income tax, the subject of this paper, requires progressive taxation of income from employment and proportional … taxation of income from capital. However, strict application of this system significantly violates the principle of …