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The Impact of Thin-Capitalization Rules on Multinationals' Financing and Investment Decisions

Buettner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - James W. Martin School of Public Policy and … - 2006

This paper analyzes the role of Thin-Capitalization rules for capital structure choice and investment decisions of multinationals. A theoretical analysis shows that the imposition of such rules tends to affect not only the leverage and the level of investment but also their tax-sensitivity. An...

Persistent link: https://www.econbiz.de/10005635336

Corporate Taxes, Profit Shifting and the Location of Intangibles within Multinational Firms

Dischinger, Matthias; Riedel, Nadine - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2008

Intangible assets are one major source of profit shifting opportunities due to a highly intransparent transfer pricing process. Our paper argues that multinational enterprises (MNEs) optimize their profit shifting strategy by locating shifting–relevant intangible property at affiliates with a...

Persistent link: https://www.econbiz.de/10005227720

Inefficient lock-in and subsidy competition

Borck, Rainald; Koh, Hyun-Ju; Pflüger, Michael - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2009

This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric regions in a new trade model, where capital can freely move among regions, but capital rewards are repatriated. We study subsidy competition, starting from an equilibrium where the...

Persistent link: https://www.econbiz.de/10005227721

Tax Competition and Public Input

Bénassy-Quéré, Agnès; Gobalraja, Nicolas; Trannoy, Alain - European Network of Economic Policy Research Institutes … - 2005

This paper assesses the extent and policy implications of simultaneous competition among countries on both corporate tax rates and the provision of public goods used by firms as production factors (‘public factors’). First, we derive the relevant theoretical results in a unified framework...

Persistent link: https://www.econbiz.de/10005232755

The Impact on Investment of Replacing a Retail Sales Tax by a Value-Added Tax: Evidence from Canadian Experience

Bird, Richard M.; Smart, Michael - Rotman Institute for International Business, Rotman … - 2008

Over a decade ago, several Canadian provinces replaced their retail sales taxes by value-added taxes. This paper estimates the effects of this tax substitution on business investment in the reforming provinces. Consistent with theory, we find that the reform led to significant increases in...

Persistent link: https://www.econbiz.de/10005467273

tax credit policy and firms' behaviour: the case of subsidy to open-end labour contract in italy

piero, cipollone; Guelfi, Anita - Banca d'Italia - 2003

In the past decade fixed-term contracts have been widely used to ease the regulatory burden in several European labour markets. Because there is some concern that they might be a dead-end for many worker, policy makers have intervened to increase transitions from fixed-term to open-end...

Persistent link: https://www.econbiz.de/10005467300

The Impact of Deferred Tax Allocation on Earnings as a Measure of Firm Performance.

Daley, M. - William E. Simon Graduate School of Business … - 1995

Persistent link: https://www.econbiz.de/10005478756

Capital Subsidies and the Underground Economy

Busato, Francesco; Chiarini, Bruno; Angelis, Pasquale de; … - School of Economics and Management, University of Aarhus - 2005

different fiscal policy interventions, we find that taxation is a critical parameter to define the size of capital allocation in … reduce the convenience to produce underground. We also confirm the depressing effect on investment of taxation (see, for …

Persistent link: https://www.econbiz.de/10005114108

Do Countries Compete over Corporate Tax Rates?

Devereux, Michael P.; Lockwood, Ben; Redoano, Michela - C.E.P.R. Discussion Papers - 2002

This Paper tests whether OECD countries compete with each other over corporate taxes in order to attract investment. We develop two models: with firm mobility, countries compete only over the statutory tax rate or the effective average tax rate, while with capital mobility, countries compete...

Persistent link: https://www.econbiz.de/10005114272

International Taxation and Multinational Firm Location Decisions

Barrios, Salvador; Huizinga, Harry; Laeven, Luc; … - C.E.P.R. Discussion Papers - 2008

Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on … the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the … location of new foreign subsidiaries. In fact, the impact of parent country taxation is estimated to be relatively large …

Persistent link: https://www.econbiz.de/10005114372