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Corporate tax systems and cross country profit shifting : formula apportionment vs. separate accounting
(Discussion paper2004:24, Working paper, 2004-09)
This paper shows in a symmetric tax competition model that a formula apportionment system can attain the first best welfare optimum without any political pre-agreed harmonization or coordination of tax bases and tax ...
Corporate tax systems, multinational enterprises, and economic integration
(Discussion paper2004:18, Working paper, 2004-07)
Multinational firms are known to shift profits and countries are known to compete over shifty profits. Two major principles for corporate taxation are Separate Accounting (SA) and Formula Apportionment (FA). These two ...
Why Europe should love tax competition - and the U.S. even more so
(Discussion paper2004:23, Working paper, 2004-04)
Is global competition for mobile capital harmful (less public goods) or beneficial (less government waste)? This paper combines both aspects within a generalized version of the comparative public finance model (Persson, ...