Countries around the world continue to tax corporate income at significant rates despite downward pressures from international competition. Average statutory corporate income tax rates fell from 46% in 1982 to 33% in 1999, though tax bases simultaneously broadened, as a result of which average...

Economic integration and mobility of capital have set the ground for a significant competition over resources. Tax competition for internationally mobile tax bases such as foreign direct investments has become an important matter of study. Nevertheless, literature has focused on a regional or...

This dissertation presents a series of three essays that examine the functional form of the U. S. federal income tax and its implications. In the first essay we introduce the convex functional form of the income tax which we believe is superior to the standard income-proportional form. We also...

We study a model of tax competition between two countries when both skilled and unskilled workers make their migration decisions simultaneously and wages are endogenously determined. If both factors of production are allowed to migrate freely and when the demand for skilled labor is not so...

This paper describes a simple way to integrate the debt tax shield into an accounting-based valuation model. The market value of equity is determined by forecasting residual operating income, which is calculated by charging operating income for the operating assets at a required return that...

This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...

This paper examines recent global trends of foreign direct investment (FDI) flows and the benefits derivable by the recipient countries. Some of the developed countries of the West, Japan and China are the greatest recipients of FDI flows. There has been dramatic increase in FDI flows to...

This paper uses a uniquely rich project-level dataset to analyze determinants and trends of FDI flows to the Southern African Development Community (SADC) region. We control for the source of the investment, the sector in which the investment is undertaken, and the investment type in addition to...

O agronegócio vem contribuindo com superávits expressivos na balança comercial nos últimos anos. Esses superávits serviram para contrabalançar déficits em outros setores e foram fundamentais para a obtenção dos grandes superávits da balança comercial a partir de 2002 O Brasil, na...