The additionality principle says that the funds of the European Union should not replace, but be an addition to national regional policy funds. The benchmark for the co-funding is that the EU bears 50% of total costs associated with regional projects eligible for EU support. In some regions,...

This paper investigates the determinants of internal debt issued by foreign affliates of multinational corporations. A theoretical analysis discusses the choice of the capital structure in a setting where internal debt can be used to shift taxable profits to low-tax countries and derives...