Although tax values of corporate assets and liabilities can be relevant for economic decisions, they are typically unknown to financial statement users. Tax values permit to conduct empirical studies about exercise of IFRS and tax options. Furthermore, the level of tax loss carryforwards and tax...

This paper proposes the introduction of a consumption-based corporate income tax in the European Union. Our proposal would guarantee neutrality regarding investment decisions and at the same time increase cost- efficiency. The proposal is based on the S-base cash flow tax, where transactions...

This paper analyses the effects of the periodic taxation principle on the repatriation policy of a multinational firm. A domestic investor decides on real versus financial investment both of which can be realised either in a foreign branch or a foreign subsidiary. Loss-offset restrictions and...

In 2005, Austria changed its group taxation and now provides an option for cross-border loss-offset. We analyze the combined impact of Austria's new group taxation and loss-offset limitations on cross-border investment decisions of Austrian corporations. Monte Carlo-simulations in an...

For decades, the German local business tax has been criticised by both economists and politicians. But none of the reform proposals has been realised until now. In this paper we analyse the existing local business tax as well as the most popular reform proposals. They include taxes on value...

In recent years stock option plans (SOPs) have become an important component of managerial remuneration in most industrialized countries. Commonly accepted corporate as well as individual taxes have a major impact on the costs of an SOP. In contrast, the influence of taxes on the benefits of an...

This paper analyzes the impact of particular loss offset limitations on intrastate and crossborder investment decisions. Investment can be realized in the investor's domestic business, in a foreign branch or in a foreign subsidiary. The relative impact on the optimal real investment alternative...