Köhler-Töglhofer and Zagler investigate the impact of compositional effects on public debt dynamics under different fiscal policy regimes. The analysis moves from the literature on the role of compositional effects for the success of fiscal consolidation episodes to a broader set of policy...

This paper analyzes the effects of legal uncertainty, as measured by differences in legal systems, the existence of double tax agreements, and corruption, around corporate income taxation on foreign direct investment (FDI). We find that an increase in the ratio of the statutory corporate income...

The exchange of tax information has received ample attention recently, due to a number of recent headlines on aggressive tax planning and tax evasion. Whilst both participating tax authorities will gain when foreign investments (FDI) are bilateral, we demonstrate that FDI receiving nations will...