I consider a continuum of multinational enterprises (MNEs), which differ in profitability. MNEs employ capital, shift profit to tax havens and may relocate their production facilities to other countries. Source countries provide public inputs and levy taxes. I derive optimal policy choices for...

Der sogenannten Mainstream-Ökonomie wird vorgeworfen, ihren Methoden liege ein zu einfaches Menschenbild zugrunde, sie sei geschichtsvergessen, und sie habe nicht rechtzeitig vor der Finanzkrise gewarnt. Wirtschaftswissenschaftler verschiedener Richtungen debattieren hier darüber, was...

Many federal tax systems employ formula apportionment to allocate the taxable profits of large businesses to the federal subunits, where the subunits' specific tax rates are then applied. The formulas - such as the one recently proposed by the EU Commission and the one agreed upon by the...