This paper explores the economic consequences of proposed EU reforms for a common consolidated corporate tax base. The reforms replace separate accounting with formula apportionment as a way to allocate corporate tax bases across countries. To assess the economic implications, we use a...

We assess the quantitative impact of two reforms of the corporation tax that would eliminate the differential treatment of debt and equity. The two reforms are: the allowance for corporate equity (ACE), and the comprehensive business income tax (CBIT). We investigate the impact of these reforms...

This article assesses the economic implications of the introduction of consolidation with formula apportionment in the European Union under alternative enhanced cooperation agreements. We find that the consolidation is likely to yield a small aggregate welfare gain in Europe, but that not all...

In a financial crisis, an initial shock gets amplified while it propagates to other financial intermediaries, ultimately disrupting the financial sector. We review the literature on such amplification mechanisms, which create externalities from risk taking. We distinguish between two classes of...

The Market Abuse Directive came into effect on 1 October 2005. One of its purposes is to reduce illegal insider trading and leakage of information prior to official releases by increasing penalties. This paper investigates the effects of the Market Abuse Directive through an event study...

Access regulation has been designed for PSTN and the liberalization of the PSTN market. This paper explores the effects of the regulation on consumers’ adoption of a new technology in the form of VoIP. It also discusses the link between access regulation and the incentives to invest in VoIP.

This paper assesses the increase in test scores of educational achievements in primary schools in Amsterdam by analyzing data of a large sample of schools, including scores on a published test and scores on similar independently taken tests that are not published. In 1995, the municipality of...

In 2040 strong cities are needed for the development of knowledge. Mobility of people and companies will have risen further. More and more talented people will find each other for the exchange of ideas. Read <a href="http://www.cpb.nl/en/pressrelease/329816/nl2040-strengthen-cities-prepare-netherlands-future">here</a> the accompanying press release. Strong cities are essential to attract and...

This study compares the expected retirement replacement rates of several cohorts of Dutch employees at the time of their planned retirement with the 'actual' replacement rates based on available pension records. We find that using reasonable indexation rates, the expected replacement...

This paper investigates the question whether crime reduces investment in human capital or whether education reduces criminal activity by using fixed effect estimation on data of Australian twins. The study takes genetic and socio-economic factors shared by the twins into account. We find that...