We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the currency and the country. We use unique quarterly panel...

We extend the three-step generalized methods of moments (GMM) approach of Kapoor, Kelejian, and Prucha (2007), which corrects for spatially correlated errors in static panel data models, by introducing a spatial lag and a one-period lag of the dependent variable as additional explanatory...

The international exchange of tax information, and its merits compared to withholding taxes, is the central topic in current debates in international tax policy. The purpose of this paper is to characterize and compare the tax regimes that emerge with and without information exchange, under the...

At present, destination-based taxation of goods is the international norm. It is technically difficult, however, to implement destination-based taxation of digital products and intangible services sold over the Internet, reflecting the difficulty of determining the location of the buyer and...

The sharing between national tax authorities of taxpayer-specific information has emerged over the last few years as a - probably 'the' - central issue in the formation of international tax policy. Yet this refocusing of the debate on international taxation - away from parametric tax...

A major constraint on trade liberalization in many countries is the prospective loss of government revenue. Recent results, however, have established a simple and appealing strategy for overcoming this difficulty, whilst still realizing the efficiency gains from liberalization, in small,...

While the literature has paid a lot of attention to the institutional arrangements and practicalities of tax information exchange, the economics has hardly been touched. Many questions arise. Why would source countries (that is, those in which the savings income arises) ever voluntarily exchange...

The exchange of taxpayer-specific information between national tax authorities has recently emerged as a key and controversial topic in international tax policy discussions, most notably with the OECD's harmful tax practices project and the EU's savings tax initiative. This paper analyses the...

The paper reviews the economic and administrative issues that arise in the taxation of electronic commerce; addresses how best to meet the criteria of an ideal tax system; and examines recent policy developments. It is argued that destination-based taxation - as is presently the norm for goods...