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Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium
Chisari, Omar; Estache, Antonio; Nicodème, Gaëtan - C.E.P.R. Discussion Papers - 2013
This paper assesses the effects of applying VAT or a sales tax on (intermediate or final) sales of the financial sector. It uses a CGE Model calibrated for a small open economy. It highlights the differentiated sectoral and redistributional effects of these taxes and shows the importance of the...
Persistent link: https://www.econbiz.de/10011084284
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Corporate Taxation, Multinational Enterprise and Economic Integration
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 induces multinationals to lower their transfer prices...
Persistent link: https://www.econbiz.de/10005662026
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Cash Flow Taxes in an Open Economy
Bond, Stephen Roy; Devereux, Michael P. - C.E.P.R. Discussion Papers - 2002
Academic and policy debates generally consider levying tax on corporate profit on either a residence basis or on a source basis. We explore two alternatives, based on the location of consumption, rather than production – destination-based, as opposed to source-based or residence-based, taxes....
Persistent link: https://www.econbiz.de/10005124352
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International Taxation and the Direction and Volume of Cross-Border M&As
Huizinga, Harry; Voget, Johannes - C.E.P.R. Discussion Papers - 2006
extent the newly created multinational firm is subject to international double taxation. This paper presents evidence that … the parent-subsidiary structure of newly created multinational firms reflects the prospect of international double … additional parent companies of multinational firms. On the basis of our estimation, we simulate the impact of the elimination of …
Persistent link: https://www.econbiz.de/10005788872
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Channelling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment
Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1998
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low- and middle-income countries with insufficiently developed capital markets. This paper analyses the problem of channelling domestic savings into productive investment, in the presence of asymmetric...
Persistent link: https://www.econbiz.de/10005124387
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International Taxation and Cross-Border Banking
Huizinga, Harry; Voget, Johannes; Wagner, Wolf - C.E.P.R. Discussion Papers - 2011
This paper examines empirically how international taxation affects the volume and pricing of cross-border banking activities for a sample of banks in 38 countries over the 1998-2008 - period. Home country corporate income taxation of foreign-source bank income is found to reduce banking-sector...
Persistent link: https://www.econbiz.de/10009148875
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International Migration Controls
Myers, Gordon M; Papageogiou, Yorgos - C.E.P.R. Discussion Papers - 1996
We study immigration control in a simple one-good model of a homogeneous population in a congested world. We compare quota, the predominant instrument of immigration control, with an entrance price or immigration toll. In our model, an absence of immigration controls (a world of free movement)...
Persistent link: https://www.econbiz.de/10005504416
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Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estimates Based on Panel Data Econometrics
Melitz, Jacques; Zumer, Frédéric - C.E.P.R. Discussion Papers - 1998
This paper produces estimates of regional redistribution and stabilization through the central government budget in Canada, France, the United Kingdom and the United States. The estimates rest on panel data econometrics and an adherence to certain accounting principles that have occasionally...
Persistent link: https://www.econbiz.de/10005497977
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Intergovernmental Grants as Signals and the Alignment Effect: Theory and Evidence
Bracco, Emanuele; Lockwood, Ben; Porcelli, Francesco; … - C.E.P.R. Discussion Papers - 2015
This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...
Persistent link: https://www.econbiz.de/10011165654
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The use of tax havens in exemption regimes
Gumpert, Anna; Hines Jr, James R; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2012
This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income …
Persistent link: https://www.econbiz.de/10011084127