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The value of a loss: The impact of restricting tax loss transfers

Bührle, Anna Theresa; Casi-Eberhard, Elisa; Stage, Barbara - 2023

We study the economic consequences of anti-loss trafficking rules, which disallow the use of loss carry-forwards as tax shield after a substantial ownership change. Using staggered changes to these rules, we find that limiting the transfer of tax losses reduces the number of M&As with...

Persistent link: https://www.econbiz.de/10014420706

Incorporation and taxation : theory and firm-level evidence

Egger, Peter; Keuschnigg, Christian; Winner, Hannes - 2009

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes … (corporate and personal income taxes), corporate transparency, access to external capital and limited liability. We estimate …

Persistent link: https://www.econbiz.de/10010265996

Centralized vs. de-centralized multinationals and taxes

Nielsen, Søren Bo; Raimondos-Møller, Pascalis; … - 2005

The paper examines how country tax differences affect a multinational enterprise's choice to centralize or de-centralize its decision structure. Within a simple model that emphasizes the multiple conflicting roles of transfer prices in MNEs - here, as a strategic pre-commitment device and a tax...

Persistent link: https://www.econbiz.de/10010276289

Tax incentives and the location of FDI: evidence from a panel of German multinationals

Buettner, Thiess; Ruf, Martin - 2005

Using a firm-level dataset this paper investigates the impact of taxation on the decision of German multinationals to hold direct investments in other European countries or abroad. Controlling for firm-specific differences in the valuation of potential locations, the results confirm significant...

Persistent link: https://www.econbiz.de/10010295685

Does lowering dividend tax rates increase dividends repatriated?: evidence of intra-firm cross-border dividend repatriation policies by German Multinational Enterprises

Leibrecht, Markus; Bellak, Christian; Wild, Michael - 2009

This paper explores the impact dividend taxes exert on the dividends repatriated from foreign affiliates to their … German parent company. Based on an augmented Lintner model of firms' dividend payout decisions, the paper focusses on cross …. Secondly, results from an augmented Lintner model imply that increases in dividend taxes indeed have a statistically …

Persistent link: https://www.econbiz.de/10010298835

Taxes in an open shop trade union model

Goerke, Laszlo - 1997

In a social custom model of union membership with wage bargaining, higher levels of company taxes lower wages while …

Persistent link: https://www.econbiz.de/10010397968

Taxes in an efficiency wage economy

Goerke, Laszlo - 1997

Various taxes influence wage and employment outcomes in efficiency wage models. These findings are extended by …, holding constant the level of taxes, reduce wages and increase employment. Higher level of taxes on income, labour cost and …

Persistent link: https://www.econbiz.de/10010397991

The impact of taxes on competition for CEOs

Krenn, Peter - 2015

for highly-skilled human resources like CEOs. It shows that individual income taxes can perform a substantial impact on …

Persistent link: https://www.econbiz.de/10011282677

Do transfer pricing rules distort R&D investment decisions?

Bornemann, Tobias - 2018

This study analyzes the impact of transfer pricing on multinational enterprises' R&D investment decisions. Specifically, I examine the effects of two commonly used contract designs to exchange and develop intangible assets across group affiliates: licensing and cost sharing agreements. Whilst...

Persistent link: https://www.econbiz.de/10011950464

Some Issues About the Norwegian Capital Income Imputation Model

Aarbu, Karl Ove - 1995

This paper will focus on a particular provision in the Norwegian tax reform of 1992, the imputation of capital income for self employed and small incorporated firms with active owners. A simple user cost model is derived, and this model is used to discuss the impact on investment incentives that...

Persistent link: https://www.econbiz.de/10011967927