As of 2008, Germany has severely changed its thin capitalization rule by introducing the so-called interest barrier. This new rule aims at prohibiting tax avoidance of multinational firms by means of…
Government bond markets within the euro zone may have fallen victim to a selffulfilling crisis of confidence. A strategy of structural reforms and consolidation is unavoidable. But this strategy alone could be…
Investment behavior is influenced by corporate taxation. High taxes hinder investment, whereas low tax rates favor it, especially within a context of cross- border direct investment. This claim is backed by …
On March 16, 2011, the European Commission released the long-awaited Draft Council Directive on a Common Consolidated Corporate Tax Base (CCCTB). With the Draft Council Directive the Commission aims to…
