Ardalan, Aria; Kessing, Sebastian; Qari, Salmai; … - In: Journal of government and economics : JGE 9 (2023), pp. 1-5
Exploiting the German 2008 tax reform we employ an event study design to assess the effects of local corporate taxes on … stock prices. We match firms to the local tax rates at their respective headquarters and analyze the differential stock … market responses to the reform decision. We find that firms which are located in high tax jurisdictions and therefore face a …