Showing 1 - 10 of 29
Taxing capital gains is an important obstacle to the efficient allocation of resources because it imposes a transaction cost on the vendor which locks in appreciated assets by raising the vendor’s reservation price in prospective transactions. For M&As, this effect has been intensively studied...
Persistent link: https://www.econbiz.de/10011441329
Repatriation taxes reduce the competitiveness of multinational firms from tax credit countries when bidding for targets in low tax countries. This comparative disadvantage with respect to bidders from exemption countries violates ownership neutrality, which results in production inefficiency due...
Persistent link: https://www.econbiz.de/10010204646
Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on the intra-jurisdictional effects of fiscal rules, vertical effects on the finances of other levels of government have yet to be explored thoroughly. This paper investigates the influence...
Persistent link: https://www.econbiz.de/10011410014
on the ideal institutional setting of federalism in Switzerland. According to our findings, decentralization actually …
Persistent link: https://www.econbiz.de/10012125277
This paper analyses the importance of fiscal mechanisms for regional risk sharing and redistribution in Switzerland …. Switzerland is a particularly interesting setting in this context because it features both a high level of fiscal autonomy for …
Persistent link: https://www.econbiz.de/10011787451
thus also discussed as blueprint in the debates about fiscal rules in Germany, the European Union member states and Israel …
Persistent link: https://www.econbiz.de/10011878540
interest rate anomaly results from systemic risk anticipation, we discuss whether Switzerland remains an interest rate island …
Persistent link: https://www.econbiz.de/10011404631
With an outstandingly long data set of Swiss cantonal public finances we study whether the Swiss subnational level runs sustainable fiscal policies. Going back to the year 1905, we test for stationarity of cantonal public debt, revenue and spending and for cointegration between cantonal revenues...
Persistent link: https://www.econbiz.de/10014416154
end, Switzerland provides for a laboratory as its 26 cantons share a common framework, while the extent of federalism …
Persistent link: https://www.econbiz.de/10012426943
Ordoliberalism is often accused as being responsible for Germany's policy stance during the Eurozone crisis … University of Freiburg, which is in fact in Germany. It is however neither true that ordoliberal thought has continuously been … predominant and a prevailing idea in German macroeconomic policy, nor that it is responsible for Germany's policy stance during …
Persistent link: https://www.econbiz.de/10011743490