This paper provides a theory on staged or step-by-step privatization. We show that such an approach can be efficient, in the sense that it can successfully transform a state-owned enterprise into an efficient market-based firm by the time when the reform is complete. It may explain the...

The article reflects on the taxation of the digitalized economy and the recent proposals by some authors and the EU Commission to suggest that other options are available that will create less distortions and close the loopholes left after BEPS