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An Incentive Approach to Identifying Financial System Vulnerabilities

Chai, Jingqing - 2000

This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key … diagnostic approach for the assessment of incentives. This approach highlights the need for additional research on the …

Persistent link: https://www.econbiz.de/10014400245

The impact of profit shifting on economic activity and tax competition

Klemm, Alexander; Liu, Li - 2019

A growing empirical literature has documented significant profit shifting activities by multinationals. This paper looks at the impact of such profit shifting on real activity and tax competition. Real activity can be affected as profit shifting changes-and theoretically most likely reduces-the...

Persistent link: https://www.econbiz.de/10012155106

Pareto-improving minimum corporate taxation

Hebous, Shafik; Keen, Michael - 2021

The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax, which-the...

Persistent link: https://www.econbiz.de/10012796362

Tax Efficiency in an Open Economy

Pujol, Thierry - 1990

This note assesses the relative efficiency of different tax bases in an open economy. If terms of trade effects are large, lump-sum taxation may be inferior to distortionary consumption or wage taxes. This result is demonstrated analytically using a simple neoclassical model. An overlapping...

Persistent link: https://www.econbiz.de/10014395827

Optimal Tax/Expenditure Competition Strategy of Governments in the Presence of Time Inconsistency : The Case for Investment Tax Abacemencs

International Monetary Fund - 1990

Businesses which seek the location that offers the highest profitability are likely to consider tax incentives and the …

Persistent link: https://www.econbiz.de/10014396504

Global firms, national corporate taxes : an evolution of incompatibility

Hebous, Shafik - 2020

How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...

Persistent link: https://www.econbiz.de/10012301968

An assessment of global formula apportionment

Mooij, Ruud A. de; Liu, Li; Prihardini, Dinar - 2019

Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper reviews existing literature and discusses experiences in selective federal states to evaluate the economic properties of formula apportionment relative...

Persistent link: https://www.econbiz.de/10012112121

Externalities. Incentives, and Economic Reforms

International Monetary Fund - 1990

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …

Persistent link: https://www.econbiz.de/10014396155

Debt Relief and Adjustment Incentives : A Theoretical Exploration

International Monetary Fund - 1988

The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...

Persistent link: https://www.econbiz.de/10014396170

Structural unemployment in Luxembourg : bad luck or rational choice?

Gbohoui, William - 2019

This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in the labor market. In addition to skills mismatches, work disincentives embedded in...

Persistent link: https://www.econbiz.de/10012154712