This chapter reviews the theory and evidence regarding the impact of taxation on corporate
financial policy. Starting from a basic characterization of the classical corporate income tax …

" Determined to lay the foundations of an ever closer union among the peo-ples of Europe",
Belgium, France, Germany, Italy, Luxembourg, and the Netherlands signed the Treaty of …

Gegenstand dieses Buches ist die Investitions-und Finanzierungspolitik von Unternehmen.
Hierbei steht die Erörterung der Zusammenhänge zwi schen unternehmerischen …

In recent years the welfare state has come under attack from economists, and in many
OECD countries there have been calls for spending on the welfare state to be rolled back …

Opening Europe's borders in 1993 makes the allocation of resources more vulnerable to
differences in the national tax rates. The first part of the paper demonstrates that direct …

In a world economy there are two types of distortions which can be caused by capital income
taxation in addition to the standard closed-economy wedge between the consumer–saver …

The paper analyses optimal taxation of corporate profits when governments can choose
both the rate and the base of the corporation tax, but are constrained to collect a given …

Based on explicit present value calculations, the paper criticizes the view that the PAYGO
system wastes economic resources. In present value terms, there is nothing to be gained …

Trade and the environment has become a major area of international political dispute. This
study investigates the interdependencies between environmental policies and international …

An examination of indirect finance structures used by multinational corporations to reduce
their worldwide tax payments. The recent increase in cross-border flows of foreign direct …