Hoffmann, Magnus; Runkel, Marco - CESifo - 2012
) taxation, while a large part of the tax competition literature views business taxes as unit (wealth) taxation. We point to the … dual role corporate taxation plays in attracting mobile capital, on the one hand, and in absorbing economic rents, on the … system of ad valorem taxes than in a system of unit taxes and (ii) that ad valorem taxation may be the equilibrium outcome in …