1. The determinants of international production -- 2. Trade, location of economic activity and the multinational enterprise : a search for an eclectic approach -- 3. Trade, location of economic activity and the multinational enterprise : some empirical tests -- 4. Explaining the international...

In many OECD countries, statutory corporate tax rates are lower than personal income tax rates. The present paper argues that this tax rate differentiation is an optimal tax policy if there are problems of asymmetric information between investors and firms in the capital market. The reduction of...