Although taxation is not the most important determinant of investment, it has a major impact on its competitiveness and its net profitability through its affects on the cost of capital and on the expected net profitability from a given investment. This paper attempts to assess the overall tax...

Globalization has increased competitive pressures on firms. Together with rapid technological change, it has altered the environment in which firms operate. While globalization offers unprecedented opportunities for firms to act successfully, it simultaneously heightens the risks for firms...