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In order to maximise profit and to reduce the burden of tax in the jurisdictions with high tax, many of the multinational companies abuse transfer pricing by directing the profit towards subsidiaries which are localised in more favourable jurisdictions from this point of view. The cross-border...
Persistent link: https://www.econbiz.de/10010679552
The opportunities to avoid paying taxes provided by tax havens have motivated numerous multinational companies to resort to offshore operations, generating a significant tax loss at a global level. Romania is facing the same problem and the Finance Minister estimates that offshore operations in...
Persistent link: https://www.econbiz.de/10010698049
among various member states of the European Union in what the corporate taxation is concerned. …
Persistent link: https://www.econbiz.de/10008556731
seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …
Persistent link: https://www.econbiz.de/10010264401
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … effect on growth of inflation or its standard deviation, and one that appears to decline in magnitude as the inflation rate … equation model is examined by expanding this into a three equation simultaneous system of output growth, inflation and money …
Persistent link: https://www.econbiz.de/10010494404
Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …
Persistent link: https://www.econbiz.de/10010494408
Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation …. But a seeming puzzle arises of opposite Tobin-like inflation effects because theory indicates a negative Tobin effect when … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more …
Persistent link: https://www.econbiz.de/10010288827
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect on growth, and one that declines in magnitude as the inflation rate increases. These … results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth effect …
Persistent link: https://www.econbiz.de/10010288837
This study investigates a comparative study on the threshold effects of inflation on financial sector development (FSD … single threshold of inflation in both regions. Particularly, it indicates 17.9% and 14.5% of inflation for ECOWAS and SADC …, respectively, suggesting that inflation above these thresholds presents detrimental effects for financial development in both …
Persistent link: https://www.econbiz.de/10012219542
matching between startups and financiers, and the taxation of VC-backed startups matter significantly for growth. …
Persistent link: https://www.econbiz.de/10012389572