Kind, Hans Jarle; Schjelderup, Guttorm; Ulltveit-Moe, … - C.E.P.R. Discussion Papers - 2001
This Paper studies how economic integration affects transfer pricing, tax policy and welfare, when multinationals are … taxed either according to formula apportionment (FA) or separate accounting (SA). It is shown that economic integration … sensitive under FA than under SA. A main result of the paper is that economic integration lowers tax rates in the Nash …