---
_id: '16486'
abstract:
- lang: eng
text: After the introduction of CbCR – pursuant to the BEPS Project (Action 13)
in 2015 –, which was established to reduce the information asymmetry between MNEs
and tax authorities of the countries they operate in, now public CbCR – as suggested
by the EU Commission in 2016 – is discussed as a next step. Here, the objective
is to overcome information asymmetries between MNEs and the general public of
the countries they operate in. Starting from the assumption that regulators care
about the legitimacy of tax laws, this article evaluates pros and cons of public
CbCR. The authors find that from the perspective of information asymmetries, public
CbCR increases tax transparency only marginally at best. Accordingly, it is concluded
that democracies that are based on the rule of law seem to rely on pillories in
terms of public CbCR to enforce fair tax payments.
article_type: original
author:
- first_name: Martin
full_name: Lagarden, Martin
last_name: Lagarden
- first_name: Ulrich
full_name: Schreiber, Ulrich
last_name: Schreiber
- first_name: Dirk
full_name: Simons, Dirk
last_name: Simons
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Lagarden M, Schreiber U, Simons D, Sureth-Sloane C. Country-by-Country Reporting
Goes Public - Cui Bono? International Transfer Pricing Journal. 2020;27(2).
apa: Lagarden, M., Schreiber, U., Simons, D., & Sureth-Sloane, C. (2020). Country-by-Country
Reporting Goes Public - Cui Bono? International Transfer Pricing Journal,
27(2).
bibtex: '@article{Lagarden_Schreiber_Simons_Sureth-Sloane_2020, title={Country-by-Country
Reporting Goes Public - Cui Bono?}, volume={27}, number={2}, journal={International
Transfer Pricing Journal}, author={Lagarden, Martin and Schreiber, Ulrich and
Simons, Dirk and Sureth-Sloane, Caren}, year={2020} }'
chicago: Lagarden, Martin, Ulrich Schreiber, Dirk Simons, and Caren Sureth-Sloane.
“Country-by-Country Reporting Goes Public - Cui Bono?” International Transfer
Pricing Journal 27, no. 2 (2020).
ieee: M. Lagarden, U. Schreiber, D. Simons, and C. Sureth-Sloane, “Country-by-Country
Reporting Goes Public - Cui Bono?,” International Transfer Pricing Journal,
vol. 27, no. 2, 2020.
mla: Lagarden, Martin, et al. “Country-by-Country Reporting Goes Public - Cui Bono?”
International Transfer Pricing Journal, vol. 27, no. 2, 2020.
short: M. Lagarden, U. Schreiber, D. Simons, C. Sureth-Sloane, International Transfer
Pricing Journal 27 (2020).
date_created: 2020-04-09T08:11:43Z
date_updated: 2026-04-09T07:23:15Z
department:
- _id: '187'
- _id: '635'
intvolume: ' 27'
issue: '2'
language:
- iso: eng
publication: International Transfer Pricing Journal
publication_status: published
quality_controlled: '1'
status: public
title: Country-by-Country Reporting Goes Public - Cui Bono?
type: journal_article
user_id: '96670'
volume: 27
year: '2020'
...
---
_id: '14902'
author:
- first_name: Christina
full_name: Mair, Christina
last_name: Mair
- first_name: Wolfram
full_name: Scheffler, Wolfram
last_name: Scheffler
- first_name: Isabell
full_name: Senger, Isabell
last_name: Senger
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Mair C, Scheffler W, Senger I, Sureth-Sloane C. Analyse der Veränderung
der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten
Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern. Vol 42.;
2019.
apa: Mair, C., Scheffler, W., Senger, I., & Sureth-Sloane, C. (2019). Analyse
der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer
standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern
(Vol. 42).
bibtex: '@book{Mair_Scheffler_Senger_Sureth-Sloane_2019, series={TAF Wokring Paper
Series}, title={Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung
bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des
Einsatzes von 3D-Druckern}, volume={42}, author={Mair, Christina and Scheffler,
Wolfram and Senger, Isabell and Sureth-Sloane, Caren}, year={2019}, collection={TAF
Wokring Paper Series} }'
chicago: Mair, Christina, Wolfram Scheffler, Isabell Senger, and Caren Sureth-Sloane.
Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung
einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von
3D-Druckern. Vol. 42. TAF Wokring Paper Series, 2019.
ieee: C. Mair, W. Scheffler, I. Senger, and C. Sureth-Sloane, Analyse der Veränderung
der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten
Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern, vol. 42.
2019.
mla: Mair, Christina, et al. Analyse der Veränderung der zwischenstaatlichen
Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode
am Beispiel des Einsatzes von 3D-Druckern. Vol. 42, 2019.
short: C. Mair, W. Scheffler, I. Senger, C. Sureth-Sloane, Analyse der Veränderung
der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten
Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern, 2019.
date_created: 2019-11-13T08:15:09Z
date_updated: 2022-01-06T06:52:10Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
file:
- access_level: closed
content_type: application/pdf
creator: kschulz2
date_created: 2021-03-09T09:35:37Z
date_updated: 2021-03-09T09:35:37Z
file_id: '21423'
file_name: TAF Working Paper No. 42.pdf
file_size: 1293280
relation: main_file
success: 1
file_date_updated: 2021-03-09T09:35:37Z
has_accepted_license: '1'
intvolume: ' 42'
language:
- iso: ger
main_file_link:
- open_access: '1'
oa: '1'
publication_status: published
series_title: TAF Wokring Paper Series
status: public
title: Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung
einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern
type: working_paper
user_id: '68607'
volume: 42
year: '2019'
...
---
_id: '4996'
abstract:
- lang: eng
text: We analyze the impact of wealth taxes on investment timing decisions under
uncertainty and irreversibility by employing a real options model of the Dixit/Pindyck
type. Considering that wealth taxes have been (re-)introduced or are under discussion
in many countries, investors need decision rules for tax systems with wealth taxation.
We integrate different valuation methods for wealth tax purposes, distinguish
between broadly and narrowly defined wealth taxes and vary the wealth tax rate
to ascertain which wealth tax design is more or less likely to accelerate or delay
investment. Our main findings are threefold. First, historical cost valuation
reduces the distortive timing effects of wealth taxation compared to fair value
accounting. Second, broadening the wealth tax base tends to accelerate investment
during high interest rate periods and delay investment during low interest rate
periods. Our results predict that wealth taxes with a broad tax base are likely
to discourage risky investment in times of near-zero interest rates. These distortive
wealth tax base effects, however, can be avoided by granting sufficiently high
depreciation deductions for wealth tax purposes. Third, the investment timing
effects of wealth tax rate variations are very sensitive to the riskiness of the
underlying investment. Moreover, investment timing effects crucially depend upon
the depreciation rate for wealth tax purposes. A tax legislator who aims to encourage
risk taking should introduce generous depreciation deductions. Our study indicates
that if a wealth tax is considered to be politically inevitable, possible harmful
investment effects can be mitigated by choosing appropriate valuation methods
and parameters.
author:
- first_name: Rainer
full_name: Niemann, Rainer
last_name: Niemann
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Niemann R, Sureth-Sloane C. Investment Timing Effects of Wealth Taxes under
Uncertainty and Irreversibility. Journal of Business Economics. 2019;89(4):385-415.
doi:10.1007/s11573-018-0918-4
apa: Niemann, R., & Sureth-Sloane, C. (2019). Investment Timing Effects of Wealth
Taxes under Uncertainty and Irreversibility. Journal of Business Economics,
89(4), 385–415. https://doi.org/10.1007/s11573-018-0918-4
bibtex: '@article{Niemann_Sureth-Sloane_2019, title={Investment Timing Effects of
Wealth Taxes under Uncertainty and Irreversibility}, volume={89}, DOI={10.1007/s11573-018-0918-4},
number={4}, journal={Journal of Business Economics}, publisher={Springer Nature
America, Inc}, author={Niemann, Rainer and Sureth-Sloane, Caren}, year={2019},
pages={385–415} }'
chicago: 'Niemann, Rainer, and Caren Sureth-Sloane. “Investment Timing Effects of
Wealth Taxes under Uncertainty and Irreversibility.” Journal of Business Economics
89, no. 4 (2019): 385–415. https://doi.org/10.1007/s11573-018-0918-4.'
ieee: 'R. Niemann and C. Sureth-Sloane, “Investment Timing Effects of Wealth Taxes
under Uncertainty and Irreversibility,” Journal of Business Economics,
vol. 89, no. 4, pp. 385–415, 2019, doi: 10.1007/s11573-018-0918-4.'
mla: Niemann, Rainer, and Caren Sureth-Sloane. “Investment Timing Effects of Wealth
Taxes under Uncertainty and Irreversibility.” Journal of Business Economics,
vol. 89, no. 4, Springer Nature America, Inc, 2019, pp. 385–415, doi:10.1007/s11573-018-0918-4.
short: R. Niemann, C. Sureth-Sloane, Journal of Business Economics 89 (2019) 385–415.
date_created: 2018-10-29T12:17:58Z
date_updated: 2024-01-30T12:42:59Z
department:
- _id: '187'
- _id: '635'
doi: 10.1007/s11573-018-0918-4
intvolume: ' 89'
issue: '4'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://link.springer.com/article/10.1007/s11573-018-0918-4
oa: '1'
page: 385-415
publication: Journal of Business Economics
publication_identifier:
issn:
- 0044-2372
- 1861-8928
publication_status: published
publisher: Springer Nature America, Inc
quality_controlled: '1'
status: public
title: Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility
type: journal_article
user_id: '74000'
volume: 89
year: '2019'
...
---
_id: '17715'
abstract:
- lang: ger
text: Der Beitrag stellt die teilweise überschießende Wirkung des Referentenentwurfs
des Bundesministeriums der Finanzen zur Grunderwerbsteuer mit Blick auf börsennotierte
Kapitalgesellschaften dar und schlägt eine Erweiterung des Referentenentwurfs
vor, wobei börsennotierte Kapitalgesellschaften vom Anwendungsbereich der neuen
Vorschrift ausgenommen werden sollen.
alternative_title:
- (Caren Sureth-Sloane ist Mitglied im Arbeitskreis Verrechnungspreise)
author:
- first_name: .
full_name: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft,
.
last_name: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft .,
Sureth-Sloane C. Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung
der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften. Betriebs-Berater.
2019;74(25):1438-1442.
apa: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft,
., & Sureth-Sloane, C. (2019). Ein Lösungsvorschlag zur Vermeidung der überschießenden
Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften.
Betriebs-Berater, 74(25), 1438–1442.
bibtex: '@article{Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft_Sureth-Sloane_2019,
title={Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform
bei börsennotierten Kapitalgesellschaften}, volume={74}, number={25}, journal={Betriebs-Berater},
publisher={Deutscher Fachverlag GmbH }, author={Arbeitskreis Steuern der Schmalenbach-Gesellschaft
für Betriebswirtschaft, . and Sureth-Sloane, Caren}, year={2019}, pages={1438–1442}
}'
chicago: 'Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft,
., and Caren Sureth-Sloane. “Ein Lösungsvorschlag zur Vermeidung der überschießenden
Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften.”
Betriebs-Berater 74, no. 25 (2019): 1438–42.'
ieee: . Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft
and C. Sureth-Sloane, “Ein Lösungsvorschlag zur Vermeidung der überschießenden
Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften,”
Betriebs-Berater, vol. 74, no. 25, pp. 1438–1442, 2019.
mla: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft,
., and Caren Sureth-Sloane. “Ein Lösungsvorschlag zur Vermeidung der überschießenden
Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften.”
Betriebs-Berater, vol. 74, no. 25, Deutscher Fachverlag GmbH , 2019, pp.
1438–42.
short: . Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft,
C. Sureth-Sloane, Betriebs-Berater 74 (2019) 1438–1442.
date_created: 2020-08-07T11:55:21Z
date_updated: 2024-04-08T11:09:21Z
department:
- _id: '187'
- _id: '635'
intvolume: ' 74'
issue: '25'
language:
- iso: ger
page: 1438-1442
publication: Betriebs-Berater
publisher: 'Deutscher Fachverlag GmbH '
status: public
title: Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform
bei börsennotierten Kapitalgesellschaften
type: journal_article
user_id: '530'
volume: 74
year: '2019'
...
---
_id: '37346'
author:
- first_name: Jens
full_name: Müller, Jens
id: '1245'
last_name: Müller
- first_name: Vanessa
full_name: Gawehn, Vanessa
id: '52547'
last_name: Gawehn
citation:
ama: Müller J, Gawehn V. Tax Avoidance - Are Banks Any Different?; 2019.
apa: Müller, J., & Gawehn, V. (2019). Tax Avoidance - Are Banks Any Different?
bibtex: '@book{Müller_Gawehn_2019, title={Tax Avoidance - Are Banks Any Different?},
author={Müller, Jens and Gawehn, Vanessa}, year={2019} }'
chicago: Müller, Jens, and Vanessa Gawehn. Tax Avoidance - Are Banks Any Different?,
2019.
ieee: J. Müller and V. Gawehn, Tax Avoidance - Are Banks Any Different? 2019.
mla: Müller, Jens, and Vanessa Gawehn. Tax Avoidance - Are Banks Any Different?
2019.
short: J. Müller, V. Gawehn, Tax Avoidance - Are Banks Any Different?, 2019.
date_created: 2023-01-18T12:11:27Z
date_updated: 2023-01-24T10:31:34Z
department:
- _id: '189'
- _id: '635'
language:
- iso: eng
status: public
title: Tax Avoidance - Are Banks Any Different?
type: working_paper
user_id: '83776'
year: '2019'
...
---
_id: '14905'
abstract:
- lang: eng
text: 'A key premise underlying most of the economic literature is that rational
decision-makers will choose dominant strategies over dominated alternatives. However,
prior literature in various disciplines including business, psychology, and economics
document a series of phenomena associated with violations of the dominance principle
in decision-making. In this comprehensive review, we discuss conditions under
which people violate the dominance principle in decision-making. When presenting
violations of dominance in empirical and experimental studies, we differentiate
between absolute, statewise, and stochastic (first- and second-order) violations
of dominance. Furthermore, we categorize the literature by the leading causes
for dominance violations: framing, reference points, certainty effects, bounded
rationality, and emotional responses.'
author:
- first_name: Thomas
full_name: Kourouxous, Thomas
id: '66936'
last_name: Kourouxous
- first_name: Thomas
full_name: Bauer, Thomas
last_name: Bauer
citation:
ama: Kourouxous T, Bauer T. Violations of Dominance in Decision-Making. Business
Research. 2019;12(1):209-239. doi:10.1007/s40685-019-0093-7
apa: Kourouxous, T., & Bauer, T. (2019). Violations of Dominance in Decision-Making.
Business Research, 12(1), 209–239. https://doi.org/10.1007/s40685-019-0093-7
bibtex: '@article{Kourouxous_Bauer_2019, title={Violations of Dominance in Decision-Making},
volume={12}, DOI={10.1007/s40685-019-0093-7},
number={1}, journal={Business Research}, author={Kourouxous, Thomas and Bauer,
Thomas}, year={2019}, pages={209–239} }'
chicago: 'Kourouxous, Thomas, and Thomas Bauer. “Violations of Dominance in Decision-Making.”
Business Research 12, no. 1 (2019): 209–39. https://doi.org/10.1007/s40685-019-0093-7.'
ieee: 'T. Kourouxous and T. Bauer, “Violations of Dominance in Decision-Making,”
Business Research, vol. 12, no. 1, pp. 209–239, 2019, doi: 10.1007/s40685-019-0093-7.'
mla: Kourouxous, Thomas, and Thomas Bauer. “Violations of Dominance in Decision-Making.”
Business Research, vol. 12, no. 1, 2019, pp. 209–39, doi:10.1007/s40685-019-0093-7.
short: T. Kourouxous, T. Bauer, Business Research 12 (2019) 209–239.
date_created: 2019-11-13T08:27:11Z
date_updated: 2026-04-09T08:56:23Z
department:
- _id: '187'
- _id: '635'
doi: 10.1007/s40685-019-0093-7
intvolume: ' 12'
issue: '1'
language:
- iso: eng
main_file_link:
- url: https://link.springer.com/article/10.1007/s40685-019-0093-7
page: 209-239
publication: Business Research
publication_identifier:
issn:
- 2198-3402
- 2198-2627
publication_status: published
quality_controlled: '1'
status: public
title: Violations of Dominance in Decision-Making
type: journal_article
user_id: '96670'
volume: 12
year: '2019'
...
---
_id: '3902'
abstract:
- lang: eng
text: All over the world, firms and governments are increasingly concerned about
the rise in tax complexity. To manage it and develop effective simplification
measures, detailed information on the current drivers of complexity is required.
However, research on this topic is scarce. This is surprising as the latest developments-for
example, those triggered by the BEPS project-have given rise to the conjecture
that complexity drivers may have changed, thus questioning the findings of prior
studies. In this article, we shed light on this issue and provide a global picture
of the current drivers of tax complexity that multinational corporations face
based on a survey of 221 highly experienced tax consultants from 108 countries.
Our results show that prior complexity drivers of the tax code are still important,
with details and changes of tax regulations being the two most important complexity
drivers. We also find evidence for new important complexity drivers emerging from
different areas of the tax framework, such as inconsistent decisions among tax
officers (tax audits) or retroactively applied tax law amendments (tax enactment).
Based on the tax consultants' responses, we develop a concept of tax complexity
that is characterized by two pillars, tax code and tax framework complexity and
illustrates the various aspects that should be considered when assessing the complexity
of a country's tax system.
article_type: original
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. What are the Drivers of Tax Complexity
for MNCs? Global Evidence. Intertax. 2018;46(8/9):654-675.
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2018). What are
the Drivers of Tax Complexity for MNCs? Global Evidence. Intertax, 46(8/9),
654–675.
bibtex: '@article{Hoppe_Schanz_Sturm_Sureth-Sloane_2018, title={What are the Drivers
of Tax Complexity for MNCs? Global Evidence}, volume={46}, number={8/9}, journal={Intertax},
publisher={Kluwer Law International}, author={Hoppe, Thomas and Schanz, Deborah
and Sturm, Susann and Sureth-Sloane, Caren}, year={2018}, pages={654–675} }'
chicago: 'Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane.
“What Are the Drivers of Tax Complexity for MNCs? Global Evidence.” Intertax
46, no. 8/9 (2018): 654–75.'
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, “What are the Drivers
of Tax Complexity for MNCs? Global Evidence,” Intertax, vol. 46, no. 8/9,
pp. 654–675, 2018.
mla: Hoppe, Thomas, et al. “What Are the Drivers of Tax Complexity for MNCs? Global
Evidence.” Intertax, vol. 46, no. 8/9, Kluwer Law International, 2018,
pp. 654–75.
short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, Intertax 46 (2018) 654–675.
date_created: 2018-08-13T11:38:40Z
date_updated: 2022-01-06T06:59:54Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
file:
- access_level: closed
content_type: application/pdf
creator: hoppet
date_created: 2019-03-02T12:25:33Z
date_updated: 2019-03-02T12:25:33Z
file_id: '8182'
file_name: Hoppe et al. 2018.pdf
file_size: 4660077
relation: main_file
success: 1
file_date_updated: 2019-03-02T12:25:33Z
has_accepted_license: '1'
intvolume: ' 46'
issue: 8/9
language:
- iso: eng
page: 654-675
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication: Intertax
publication_identifier:
issn:
- "\t0165-2826"
publication_status: published
publisher: Kluwer Law International
quality_controlled: '1'
status: public
title: What are the Drivers of Tax Complexity for MNCs? Global Evidence
type: journal_article
user_id: '68607'
volume: 46
year: '2018'
...
---
_id: '17518'
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Sturm S, Sureth-Sloane C. What are the Drivers of Tax Complexity for
MNCs? Global Evidence. Intertax. 2018. doi:10.2139/ssrn.3469663
apa: Hoppe, T., Sturm, S., & Sureth-Sloane, C. (2018). What are the Drivers
of Tax Complexity for MNCs? Global Evidence. Intertax. https://doi.org/10.2139/ssrn.3469663
bibtex: '@article{Hoppe_Sturm_Sureth-Sloane_2018, title={What are the Drivers of
Tax Complexity for MNCs? Global Evidence}, DOI={10.2139/ssrn.3469663},
journal={Intertax}, author={Hoppe, Thomas and Sturm, Susann and Sureth-Sloane,
Caren}, year={2018} }'
chicago: Hoppe, Thomas, Susann Sturm, and Caren Sureth-Sloane. “What Are the Drivers
of Tax Complexity for MNCs? Global Evidence.” Intertax, 2018. https://doi.org/10.2139/ssrn.3469663.
ieee: T. Hoppe, S. Sturm, and C. Sureth-Sloane, “What are the Drivers of Tax Complexity
for MNCs? Global Evidence,” Intertax, 2018.
mla: Hoppe, Thomas, et al. “What Are the Drivers of Tax Complexity for MNCs? Global
Evidence.” Intertax, 2018, doi:10.2139/ssrn.3469663.
short: T. Hoppe, S. Sturm, C. Sureth-Sloane, Intertax (2018).
date_created: 2020-07-31T11:26:49Z
date_updated: 2022-01-06T06:53:14Z
department:
- _id: '635'
doi: 10.2139/ssrn.3469663
language:
- iso: eng
publication: Intertax
status: public
title: What are the Drivers of Tax Complexity for MNCs? Global Evidence
type: journal_article
user_id: '61801'
year: '2018'
...
---
_id: '17718'
author:
- first_name: Birgitta
full_name: Wolff, Birgitta
last_name: Wolff
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
- first_name: Barbara
full_name: Weissenberger, Barbara
last_name: Weissenberger
citation:
ama: Wolff B, Sureth-Sloane C, Weissenberger B. BWL greift gesellschaftlichen Wandel
auf. Frankfurter Allgemeine Zeitung. 2018.
apa: Wolff, B., Sureth-Sloane, C., & Weissenberger, B. (2018). BWL greift gesellschaftlichen
Wandel auf. Frankfurter Allgemeine Zeitung.
bibtex: '@article{Wolff_Sureth-Sloane_Weissenberger_2018, title={BWL greift gesellschaftlichen
Wandel auf}, number={293}, journal={Frankfurter Allgemeine Zeitung}, author={Wolff,
Birgitta and Sureth-Sloane, Caren and Weissenberger, Barbara}, year={2018} }'
chicago: Wolff, Birgitta, Caren Sureth-Sloane, and Barbara Weissenberger. “BWL Greift
Gesellschaftlichen Wandel Auf.” Frankfurter Allgemeine Zeitung, 2018.
ieee: B. Wolff, C. Sureth-Sloane, and B. Weissenberger, “BWL greift gesellschaftlichen
Wandel auf,” Frankfurter Allgemeine Zeitung, no. 293, 2018.
mla: Wolff, Birgitta, et al. “BWL Greift Gesellschaftlichen Wandel Auf.” Frankfurter
Allgemeine Zeitung, no. 293, 2018.
short: B. Wolff, C. Sureth-Sloane, B. Weissenberger, Frankfurter Allgemeine Zeitung
(2018).
date_created: 2020-08-07T11:54:52Z
date_updated: 2022-01-06T06:53:17Z
department:
- _id: '635'
issue: '293'
language:
- iso: eng
main_file_link:
- url: https://www.faz.net/aktuell/wirtschaft/wie-bwl-zu-einer-gesellschaftswissenschaft-wurde-15944677.html
page: '16'
publication: Frankfurter Allgemeine Zeitung
publication_date: 2018-12-17
status: public
title: BWL greift gesellschaftlichen Wandel auf
type: newspaper_article
user_id: '61801'
year: '2018'
...
---
_id: '5009'
abstract:
- lang: eng
text: When analyzing the influence of taxation on agency conflicts between firm
owners and managers, one can draw on theoretical principal–agent literature from
various research fields. In recent years, this interdisciplinary research has
grown significantly covering research with regards to optimal compensation, investment
decisions, tax avoidance and transfer pricing while analyzing the effects of corporate
income taxes, wage taxes, bonus taxes and shareholder taxes. Our paper provides
a comprehensive review of analytical literature that studies the influence of
taxation on agency conflicts between firm owners and managers. Above and beyond
summarizing research findings, we discuss how taxes are commonly implemented in
agency models, derive empirical predictions, and identify research gaps for future
tax research.
author:
- first_name: Thomas
full_name: Bauer, Thomas
last_name: Bauer
- first_name: Thomas
full_name: Kourouxous, Thomas
id: '66936'
last_name: Kourouxous
- first_name: Peter
full_name: Krenn, Peter
last_name: Krenn
citation:
ama: 'Bauer T, Kourouxous T, Krenn P. Taxation and Agency Conflicts between Firm
Owners and Managers: A Review. Business Research. 2018;11(1):33-76.'
apa: 'Bauer, T., Kourouxous, T., & Krenn, P. (2018). Taxation and Agency Conflicts
between Firm Owners and Managers: A Review. Business Research, 11(1),
33–76.'
bibtex: '@article{Bauer_Kourouxous_Krenn_2018, title={Taxation and Agency Conflicts
between Firm Owners and Managers: A Review}, volume={11}, number={1}, journal={Business
Research}, author={Bauer, Thomas and Kourouxous, Thomas and Krenn, Peter}, year={2018},
pages={33–76} }'
chicago: 'Bauer, Thomas, Thomas Kourouxous, and Peter Krenn. “Taxation and Agency
Conflicts between Firm Owners and Managers: A Review.” Business Research
11, no. 1 (2018): 33–76.'
ieee: 'T. Bauer, T. Kourouxous, and P. Krenn, “Taxation and Agency Conflicts between
Firm Owners and Managers: A Review,” Business Research, vol. 11, no. 1,
pp. 33–76, 2018.'
mla: 'Bauer, Thomas, et al. “Taxation and Agency Conflicts between Firm Owners and
Managers: A Review.” Business Research, vol. 11, no. 1, 2018, pp. 33–76.'
short: T. Bauer, T. Kourouxous, P. Krenn, Business Research 11 (2018) 33–76.
date_created: 2018-10-30T12:18:42Z
date_updated: 2026-04-09T08:57:19Z
department:
- _id: '187'
- _id: '635'
intvolume: ' 11'
issue: '1'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://link.springer.com/content/pdf/10.1007%2Fs40685-017-0054-y.pdf
oa: '1'
page: 33-76
publication: Business Research
quality_controlled: '1'
status: public
title: 'Taxation and Agency Conflicts between Firm Owners and Managers: A Review'
type: journal_article
user_id: '96670'
volume: 11
year: '2018'
...
---
_id: '4743'
abstract:
- lang: ger
text: "Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch
klassische Themen – beispielsweise\r\ndie Notwendigkeit von Umsatz- und Kostensynergien
in kompetitiven Märkten – verstärkt vorangetrieben.\r\nDieser Beitrag beleuchtet
vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige\r\nempirische
Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie
steuerliche\r\nMotive prägnant zusammengefasst und im Kontext des geplanten Joint
Ventures von thyssenkrupp und Tata\r\nSteel diskutiert werden."
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
citation:
ama: 'Sievers S, Sureth-Sloane C, Uhde A. Restrukturierungen: operative und finanzielle
Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.
Die Wirtschaftsprüfung. 2018;71(9):569-575.'
apa: 'Sievers, S., Sureth-Sloane, C., & Uhde, A. (2018). Restrukturierungen:
operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der
Entwicklungen bei thyssenkrupp. Die Wirtschaftsprüfung, 71(9), 569–575.'
bibtex: '@article{Sievers_Sureth-Sloane_Uhde_2018, title={Restrukturierungen: operative
und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen
bei thyssenkrupp}, volume={71}, number={9}, journal={Die Wirtschaftsprüfung},
author={Sievers, Sönke and Sureth-Sloane, Caren and Uhde, André}, year={2018},
pages={569–575} }'
chicago: 'Sievers, Sönke, Caren Sureth-Sloane, and André Uhde. “Restrukturierungen:
operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der
Entwicklungen bei thyssenkrupp.” Die Wirtschaftsprüfung 71, no. 9 (2018):
569–75.'
ieee: 'S. Sievers, C. Sureth-Sloane, and A. Uhde, “Restrukturierungen: operative
und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen
bei thyssenkrupp,” Die Wirtschaftsprüfung, vol. 71, no. 9, pp. 569–575,
2018.'
mla: 'Sievers, Sönke, et al. “Restrukturierungen: operative und finanzielle Wertbeiträge.
Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” Die
Wirtschaftsprüfung, vol. 71, no. 9, 2018, pp. 569–75.'
short: S. Sievers, C. Sureth-Sloane, A. Uhde, Die Wirtschaftsprüfung 71 (2018) 569–575.
date_created: 2018-10-15T10:42:21Z
date_updated: 2026-06-03T09:47:03Z
department:
- _id: '187'
- _id: '275'
- _id: '188'
- _id: '635'
- _id: '186'
intvolume: ' 71'
issue: '9'
language:
- iso: ger
page: 569-575
publication: Die Wirtschaftsprüfung
quality_controlled: '1'
status: public
title: 'Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung
vor dem Hintergrund der Entwicklungen bei thyssenkrupp'
type: journal_article
user_id: '36049'
volume: 71
year: '2018'
...
---
_id: '2241'
abstract:
- lang: ger
text: Die Komplexität des Steuersystems stellt auch in Deutschland ein großes Problem
dar. Entgegen bisherigen Betrachtungen weist die vorliegende Befragungsstudie
darauf hin, dass die Treiber für steuerliche Komplexität deutlich vielfältiger
und nicht nur im Gesetz, sondern auch in den steuerlichen Rahmenbedingungen zu
verorten sind. Einerseits tragen übermäßig viele Details und häufige oder umfangreiche Änderungen
in erheblichem Maße dazu bei, dass Regelungen – wie solche zu Verrechnungspreisen
– als komplex beurteilt werden. Andererseits erweisen sich auch inkonsistente
Entscheidungen im Rahmen von Betriebsprüfungen und mangelhafte Gesetzesentwürfe
als wesentliche Komplexitätstreiber. Statt einer permanenten Ausweitung von Regulierung
sollte künftig der Abbau der im Beitrag identifizierten Probleme gezielt in den
Fokus von Wissenschaft, Politik und Praxis rücken.
article_type: original
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. Warum ist unser Steuersystem so
komplex? Eine befragungsbasierte Analyse. Die Wirtschaftsprüfung. 2017;70(17):1026-1033.
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2017). Warum ist
unser Steuersystem so komplex? Eine befragungsbasierte Analyse. Die Wirtschaftsprüfung,
70(17), 1026–1033.
bibtex: '@article{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={Warum ist unser
Steuersystem so komplex? Eine befragungsbasierte Analyse}, volume={70}, number={17},
journal={Die Wirtschaftsprüfung}, publisher={IDW}, author={Hoppe, Thomas and Schanz,
Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017}, pages={1026–1033}
}'
chicago: 'Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane.
“Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse.” Die
Wirtschaftsprüfung 70, no. 17 (2017): 1026–33.'
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, “Warum ist unser Steuersystem
so komplex? Eine befragungsbasierte Analyse,” Die Wirtschaftsprüfung, vol.
70, no. 17, pp. 1026–1033, 2017.
mla: Hoppe, Thomas, et al. “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte
Analyse.” Die Wirtschaftsprüfung, vol. 70, no. 17, IDW, 2017, pp. 1026–33.
short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, Die Wirtschaftsprüfung 70
(2017) 1026–1033.
date_created: 2018-04-06T07:27:32Z
date_updated: 2022-01-06T06:55:32Z
department:
- _id: '187'
- _id: '635'
intvolume: ' 70'
issue: '17'
keyword:
- Steuersystem
- Komplexität
- Steuergesetz
- Steuerliche Rahmenbedingungen
- BEPS
language:
- iso: ger
page: 1026-1033
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication: Die Wirtschaftsprüfung
publication_status: published
publisher: IDW
status: public
title: Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse
type: journal_article
user_id: '68607'
volume: 70
year: '2017'
...
---
_id: '2247'
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. 2016 Global MNC Tax Complexity
Survey - Executive Summary.; 2017. doi:10.13140/RG.2.2.23707.46881
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2017). 2016 Global
MNC Tax Complexity Survey - Executive Summary. https://doi.org/10.13140/RG.2.2.23707.46881
bibtex: '@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={2016 Global MNC Tax
Complexity Survey - Executive Summary}, DOI={10.13140/RG.2.2.23707.46881},
author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane,
Caren}, year={2017} }'
chicago: Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. 2016
Global MNC Tax Complexity Survey - Executive Summary, 2017. https://doi.org/10.13140/RG.2.2.23707.46881.
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, 2016 Global MNC Tax
Complexity Survey - Executive Summary. 2017.
mla: Hoppe, Thomas, et al. 2016 Global MNC Tax Complexity Survey - Executive
Summary. 2017, doi:10.13140/RG.2.2.23707.46881.
short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, 2016 Global MNC Tax Complexity
Survey - Executive Summary, 2017.
date_created: 2018-04-06T07:40:18Z
date_updated: 2022-01-06T06:55:33Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.13140/RG.2.2.23707.46881
file:
- access_level: open_access
content_type: application/pdf
creator: hoppet
date_created: 2018-04-06T07:40:03Z
date_updated: 2018-04-06T07:40:03Z
file_id: '2248'
file_name: Hoppe Schanz Sturm Sureth-Sloane 2017.pdf
file_size: 4020983
relation: main_file
file_date_updated: 2018-04-06T07:40:03Z
has_accepted_license: '1'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: www.taxcomplexity.org
oa: '1'
page: '27'
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
status: public
title: 2016 Global MNC Tax Complexity Survey - Executive Summary
type: report
urn: '22477'
user_id: '68607'
year: '2017'
...
---
_id: '2250'
abstract:
- lang: eng
text: All over the world, firms and governments are increasingly concerned about
the rise in tax complexity. To manage it and develop effective simplification
measures, detailed information on the current drivers of complexity is required.
However, research on this topic is scarce. This is surprising as the latest developments—for
example, triggered by the BEPS project—give rise to the conjecture that complexity
drivers may have changed, thus questioning the findings of prior studies. In this
paper, we shed light on this issue and provide a global picture of the current
drivers of tax complexity that multinational corporations face based on a survey
of 221 highly experienced tax practitioners from 108 countries. Our results show
that prior complexity drivers of the tax code are still relevant, with details
and changes of tax regulations being the two most influential complexity drivers.
We also find evidence for new relevant complexity drivers emerging from different
areas of the tax framework, such as inconsistent decisions among tax officers
(tax audits) or retroactively applied tax law amendments (tax enactment). Based
on the responses of the practitioners, we develop a concept of tax complexity
that distinguishes two pillars, tax code and tax framework complexity, and illustrates
the various aspects that should be considered when assessing the complexity of
a country’s tax system.
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. What Are the Drivers of Tax
Complexity for Multinational Corporations? Evidence from 108 Countries.; 2017.
doi:10.2139/ssrn.3046546
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2017). What are
the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108
Countries. https://doi.org/10.2139/ssrn.3046546
bibtex: '@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={What are the Drivers
of Tax Complexity for Multinational Corporations? Evidence from 108 Countries},
DOI={10.2139/ssrn.3046546},
author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane,
Caren}, year={2017} }'
chicago: Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. What
Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from
108 Countries, 2017. https://doi.org/10.2139/ssrn.3046546.
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, What are the Drivers
of Tax Complexity for Multinational Corporations? Evidence from 108 Countries.
2017.
mla: Hoppe, Thomas, et al. What Are the Drivers of Tax Complexity for Multinational
Corporations? Evidence from 108 Countries. 2017, doi:10.2139/ssrn.3046546.
short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, What Are the Drivers of
Tax Complexity for Multinational Corporations? Evidence from 108 Countries, 2017.
date_created: 2018-04-06T07:44:59Z
date_updated: 2022-01-06T06:55:34Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.2139/ssrn.3046546
file:
- access_level: closed
content_type: application/pdf
creator: hoppet
date_created: 2018-04-06T07:48:31Z
date_updated: 2018-04-06T07:48:31Z
file_id: '2253'
file_name: Hoppe Schanz Sturm Sureth-Sloane 2017.pdf
file_size: 1077359
relation: main_file
success: 1
file_date_updated: 2018-04-06T07:48:31Z
has_accepted_license: '1'
jel:
- H20
- H25
- C83
- O57
keyword:
- Complexity Drivers
- International Comparison
- Survey
- Tax Complexity
- Tax Practitioners
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://ssrn.com/abstract=3046546
oa: '1'
page: '28'
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication_identifier:
issn:
- 1556-5068
status: public
title: What are the Drivers of Tax Complexity for Multinational Corporations? Evidence
from 108 Countries
type: working_paper
user_id: '68607'
year: '2017'
...
---
_id: '4702'
author:
- first_name: Vanessa
full_name: Flagmeier, Vanessa
id: '8084'
last_name: Flagmeier
- first_name: Jens
full_name: Müller, Jens
id: '1245'
last_name: Müller
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Flagmeier V, Müller J, Sureth-Sloane C. When Do Managers Highlight Their
Effective Tax Rate? Vol 214.; 2017. doi:arqus Working Paper No. 214
apa: Flagmeier, V., Müller, J., & Sureth-Sloane, C. (2017). When Do Managers
Highlight Their Effective Tax Rate? (Vol. 214). https://doi.org/arqus Working Paper No. 214
bibtex: '@book{Flagmeier_Müller_Sureth-Sloane_2017, series={arqus Working Paper},
title={When Do Managers Highlight Their Effective Tax Rate?}, volume={214}, DOI={arqus Working Paper No. 214},
author={Flagmeier, Vanessa and Müller, Jens and Sureth-Sloane, Caren}, year={2017},
collection={arqus Working Paper} }'
chicago: Flagmeier, Vanessa, Jens Müller, and Caren Sureth-Sloane. When Do Managers
Highlight Their Effective Tax Rate? Vol. 214. Arqus Working Paper, 2017. https://doi.org/arqus Working
Paper No. 214.
ieee: V. Flagmeier, J. Müller, and C. Sureth-Sloane, When Do Managers Highlight
Their Effective Tax Rate?, vol. 214. 2017.
mla: Flagmeier, Vanessa, et al. When Do Managers Highlight Their Effective Tax
Rate? Vol. 214, 2017, doi:arqus Working Paper No. 214.
short: V. Flagmeier, J. Müller, C. Sureth-Sloane, When Do Managers Highlight Their
Effective Tax Rate?, 2017.
date_created: 2018-10-12T08:35:31Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '189'
- _id: '551'
- _id: '635'
doi: arqus Working Paper No. 214
intvolume: ' 214'
language:
- iso: eng
series_title: arqus Working Paper
status: public
title: When Do Managers Highlight Their Effective Tax Rate?
type: working_paper
user_id: '68607'
volume: 214
year: '2017'
...
---
_id: '4712'
author:
- first_name: Annika
full_name: Mehrmann, Annika
id: '4324'
last_name: Mehrmann
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Mehrmann A, Sureth-Sloane C. Tax Loss Offset Restrictions and Biased Perception
of Risky Investments. Vol 222.; 2017. doi:arqus Working Paper No. 222
apa: Mehrmann, A., & Sureth-Sloane, C. (2017). Tax Loss Offset Restrictions
and Biased Perception of Risky Investments (Vol. 222). https://doi.org/arqus Working Paper No. 222
bibtex: '@book{Mehrmann_Sureth-Sloane_2017, series={arqus Working Paper Series},
title={Tax Loss Offset Restrictions and Biased Perception of Risky Investments},
volume={222}, DOI={arqus
Working Paper No. 222}, author={Mehrmann, Annika and Sureth-Sloane, Caren},
year={2017}, collection={arqus Working Paper Series} }'
chicago: Mehrmann, Annika, and Caren Sureth-Sloane. Tax Loss Offset Restrictions
and Biased Perception of Risky Investments. Vol. 222. Arqus Working Paper
Series, 2017. https://doi.org/arqus
Working Paper No. 222.
ieee: A. Mehrmann and C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased
Perception of Risky Investments, vol. 222. 2017.
mla: Mehrmann, Annika, and Caren Sureth-Sloane. Tax Loss Offset Restrictions
and Biased Perception of Risky Investments. Vol. 222, 2017, doi:arqus Working Paper No. 222.
short: A. Mehrmann, C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased Perception
of Risky Investments, 2017.
date_created: 2018-10-12T08:40:30Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '635'
doi: arqus Working Paper No. 222
intvolume: ' 222'
language:
- iso: eng
series_title: arqus Working Paper Series
status: public
title: Tax Loss Offset Restrictions and Biased Perception of Risky Investments
type: working_paper
user_id: '68607'
volume: 222
year: '2017'
...
---
_id: '4774'
article_type: original
author:
- first_name: Michael
full_name: Ebert, Michael
id: '42419'
last_name: Ebert
- first_name: Dirk
full_name: Simons, Dirk
last_name: Simons
- first_name: Jack D
full_name: Stecher, Jack D
last_name: Stecher
citation:
ama: Ebert M, Simons D, Stecher JD. Discretionary aggregation. The Accounting
Review. 2017;92(1):73--91.
apa: Ebert, M., Simons, D., & Stecher, J. D. (2017). Discretionary aggregation.
The Accounting Review, 92(1), 73--91.
bibtex: '@article{Ebert_Simons_Stecher_2017, title={Discretionary aggregation},
volume={92}, number={1}, journal={The Accounting Review}, author={Ebert, Michael
and Simons, Dirk and Stecher, Jack D}, year={2017}, pages={73--91} }'
chicago: 'Ebert, Michael, Dirk Simons, and Jack D Stecher. “Discretionary Aggregation.”
The Accounting Review 92, no. 1 (2017): 73--91.'
ieee: M. Ebert, D. Simons, and J. D. Stecher, “Discretionary aggregation,” The
Accounting Review, vol. 92, no. 1, pp. 73--91, 2017.
mla: Ebert, Michael, et al. “Discretionary Aggregation.” The Accounting Review,
vol. 92, no. 1, 2017, pp. 73--91.
short: M. Ebert, D. Simons, J.D. Stecher, The Accounting Review 92 (2017) 73--91.
date_created: 2018-10-18T10:51:56Z
date_updated: 2023-12-18T13:30:51Z
department:
- _id: '190'
- _id: '186'
- _id: '635'
intvolume: ' 92'
issue: '1'
language:
- iso: eng
page: 73--91
publication: The Accounting Review
publication_status: published
status: public
title: Discretionary aggregation
type: journal_article
user_id: '42419'
volume: 92
year: '2017'
...
---
_id: '4703'
abstract:
- lang: eng
text: Investments with exit flexibility require decisions regarding both the investment
and holding period. Because selling an investment often leads to taxable capital
gains, which crucially depend on the duration of an investment, we investigate
the impact of capital gains taxation on exit timing under different tax systems.
We observed that capital gains taxation delays exit decisions but loses its decision
relevance for very long holdings. Often the optimal exit time, which indicates
the maximal present value of future cashflows, cannot be determined analytically.
However, we identify the breakeven exit time that guarantees present values exceeding
those of an immediate sale. While, after-taxes, an immediate sale is often optimal,
long holding periods might also be attractive for investors depending on the degree
of income and corporate tax integration. A classic corporate tax system often
indicates holdings over more than 100 periods. By contrast, a shareholder relief
system indicates the earliest breakeven exit time and thus the highest level of
exit timing flexibility. Surprisingly, high retention rates are likely to accelerate
sales under a classic corporate system. Additionally, the worst exit time, which
should be avoided by investors, differs tremendously across tax systems. For an
integrated tax system with full imputation, the worst time is reached earlier
than under partial or non-integrated systems. These results could help to predict
investors’ behavior regarding changes in capital gains taxation and thus are of
interest for both investors and tax policymakers. Furthermore, the results emphasize
the need to control for the underlying tax system in cross-country empirical studies.
author:
- first_name: Annika
full_name: Hegemann, Annika
last_name: Hegemann
- first_name: Angela
full_name: Kunoth, Angela
last_name: Kunoth
- first_name: Kristina
full_name: Rupp, Kristina
last_name: Rupp
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Hegemann A, Kunoth A, Rupp K, Sureth-Sloane C. Hold or Sell? How Capital Gains
Taxation Affects Holding Decisions. Review of Managerial Science. 2017;11(3):571-603.
doi:10.1007/s11846-016-0197-9
apa: Hegemann, A., Kunoth, A., Rupp, K., & Sureth-Sloane, C. (2017). Hold or
Sell? How Capital Gains Taxation Affects Holding Decisions. Review of Managerial
Science, 11(3), 571–603. https://doi.org/10.1007/s11846-016-0197-9
bibtex: '@article{Hegemann_Kunoth_Rupp_Sureth-Sloane_2017, title={Hold or Sell?
How Capital Gains Taxation Affects Holding Decisions}, volume={11}, DOI={10.1007/s11846-016-0197-9 }, number={3}, journal={Review of Managerial Science},
author={Hegemann, Annika and Kunoth, Angela and Rupp, Kristina and Sureth-Sloane,
Caren}, year={2017}, pages={571–603} }'
chicago: 'Hegemann, Annika, Angela Kunoth, Kristina Rupp, and Caren Sureth-Sloane.
“Hold or Sell? How Capital Gains Taxation Affects Holding Decisions.” Review
of Managerial Science 11, no. 3 (2017): 571–603. https://doi.org/10.1007/s11846-016-0197-9 .'
ieee: 'A. Hegemann, A. Kunoth, K. Rupp, and C. Sureth-Sloane, “Hold or Sell? How
Capital Gains Taxation Affects Holding Decisions,” Review of Managerial Science,
vol. 11, no. 3, pp. 571–603, 2017, doi: 10.1007/s11846-016-0197-9 .'
mla: Hegemann, Annika, et al. “Hold or Sell? How Capital Gains Taxation Affects
Holding Decisions.” Review of Managerial Science, vol. 11, no. 3, 2017,
pp. 571–603, doi:10.1007/s11846-016-0197-9
.
short: A. Hegemann, A. Kunoth, K. Rupp, C. Sureth-Sloane, Review of Managerial Science
11 (2017) 571–603.
date_created: 2018-10-12T08:38:21Z
date_updated: 2024-01-30T12:43:17Z
department:
- _id: '187'
- _id: '635'
doi: '10.1007/s11846-016-0197-9 '
intvolume: ' 11'
issue: '3'
language:
- iso: eng
main_file_link:
- open_access: '1'
oa: '1'
page: 571-603
publication: Review of Managerial Science
quality_controlled: '1'
status: public
title: Hold or Sell? How Capital Gains Taxation Affects Holding Decisions
type: journal_article
user_id: '74000'
volume: 11
year: '2017'
...
---
_id: '3542'
abstract:
- lang: eng
text: "We study the historical development of Slovenian Accounting Standards (SAS)
and their association with accounting quality (AQ). We focus on private firms
where the financial reporting process is characterised by low demand for high-quality
reporting. We investigate three distinct editions of SAS since 1994 and test how
their development towards international standards is related to AQ. Aggregate
earnings management measures indicate that the use of accounting discretion decreases
with less earnings smoothing over time. The main features of AQ have been consistent
throughout historical development. Asymmetric timeliness of earnings, the ability
of earnings to predict future cash flows, and the ability of accruals to mitigate
mismatching are all present throughout. We also document typical departures from
properties of high AQ. For example, accruals do not (always) facilitate timely
recognition of losses. However, these can be attributed to the overwhelming influence
of reporting incentives (e.g. taxation, debt, size) rather than to the (lower)
quality of accounting standards.\r\n\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
\r\n\r\n\r\n\r\n Full Article \r\n Figures & data \r\n References \r\n
Citations \r\n \r\n Metrics \r\n Reprints & Permissions \r\n PDF \r\n \r\n
\r\n\r\n\r\n\r\n\r\nAbstract\r\n\r\n\r\nWe study the historical development of
Slovenian Accounting Standards (SAS) and their association with accounting quality
(AQ). We focus on private firms where the financial reporting process is characterised
by low demand for high-quality reporting. We investigate three distinct editions
of SAS since 1994 and test how their development towards international standards
is related to AQ. Aggregate earnings management measures indicate that the use
of accounting discretion decreases with less earnings smoothing over time. The
main features of AQ have been consistent throughout historical development. Asymmetric
timeliness of earnings, the ability of earnings to predict future cash flows,
and the ability of accruals to mitigate mismatching are all present throughout.
We also document typical departures from properties of high AQ. For example, accruals
do not (always) facilitate timely recognition of losses. However, these can be
attributed to the overwhelming influence of reporting incentives (e.g. taxation,
debt, size) rather than to the (lower) quality of accounting standards."
author:
- first_name: Aljosa
full_name: Valentincic, Aljosa
last_name: Valentincic
- first_name: Ales
full_name: Novak, Ales
last_name: Novak
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
citation:
ama: Valentincic A, Novak A, Kosi U. Accounting quality in private firms during
the transition towards international standards. Accounting in Europe. 2017;14(3):358-387.
doi:10.1080/17449480.2017.1378821
apa: Valentincic, A., Novak, A., & Kosi, U. (2017). Accounting quality in private
firms during the transition towards international standards. Accounting in
Europe, 14(3), 358–387. https://doi.org/10.1080/17449480.2017.1378821
bibtex: '@article{Valentincic_Novak_Kosi_2017, title={Accounting quality in private
firms during the transition towards international standards}, volume={14}, DOI={10.1080/17449480.2017.1378821},
number={3}, journal={Accounting in Europe}, author={Valentincic, Aljosa and Novak,
Ales and Kosi, Urska}, year={2017}, pages={358–387} }'
chicago: 'Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in
Private Firms during the Transition towards International Standards.” Accounting
in Europe 14, no. 3 (2017): 358–87. https://doi.org/10.1080/17449480.2017.1378821.'
ieee: 'A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms
during the transition towards international standards,” Accounting in Europe,
vol. 14, no. 3, pp. 358–387, 2017, doi: 10.1080/17449480.2017.1378821.'
mla: Valentincic, Aljosa, et al. “Accounting Quality in Private Firms during the
Transition towards International Standards.” Accounting in Europe, vol.
14, no. 3, 2017, pp. 358–87, doi:10.1080/17449480.2017.1378821.
short: A. Valentincic, A. Novak, U. Kosi, Accounting in Europe 14 (2017) 358–387.
date_created: 2018-07-11T08:57:03Z
date_updated: 2023-01-24T15:34:31Z
department:
- _id: '551'
- _id: '635'
- _id: '186'
doi: 10.1080/17449480.2017.1378821
intvolume: ' 14'
issue: '3'
jel:
- M41
- C23
- L21
- P20
keyword:
- private firms
- accounting quality
- development of accounting standards
- IFRS-like standards
- Slovenia
language:
- iso: eng
page: 358-387
publication: Accounting in Europe
publication_status: published
status: public
title: Accounting quality in private firms during the transition towards international
standards
type: journal_article
user_id: '54068'
volume: 14
year: '2017'
...
---
_id: '4685'
abstract:
- lang: eng
text: Politicians and tax practitioners often claim that tax uncertainty negatively
affects investment. In many countries, firms can request fee-based advance tax
rulings (ATRs) to mitigate tax uncertainty. We analyse theoretically the circumstances
under which investors request ATRs, how tax authorities should price them and
how they can affect investment. We assume that tax authorities integrate investors’
reasoning into their decisions. We find that in special cases the optimal fee
tax authorities should charge is prohibitively high, thus firms will refrain from
requesting ATRs. However, we find that revenue-maximising tax authorities offer
ATRs if the ruling enables them either to significantly reduce their tax audit
costs or to increase the probability of detecting ambiguous tax issues. Under
certain circumstances, ATRs may effectively foster investment and potentially
benefit both the tax authorities and taxpayers. Our results provide new explanations
for why taxpayers that face high levels of tax uncertainty often do not request
ATRs, even when the fee is rather low. Our results also hold when the tax authority
maximises social wealth instead of its revenues. Regulatory changes in ATR requirements
might serve as a natural quasi-experiment for an empirical study of our predictions
regarding investment decisions.
author:
- first_name: Markus
full_name: Diller, Markus
last_name: Diller
- first_name: Pia
full_name: Kortebusch, Pia
last_name: Kortebusch
- first_name: Georg
full_name: Schneider, Georg
last_name: Schneider
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Diller M, Kortebusch P, Schneider G, Sureth-Sloane C. Boon or Bane? Advance
Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment. European
Accounting Review. 2017;26(3):441-468. doi:10.1080/09638180.2016.1169939
apa: Diller, M., Kortebusch, P., Schneider, G., & Sureth-Sloane, C. (2017).
Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and
Foster Investment. European Accounting Review, 26(3), 441–468. https://doi.org/10.1080/09638180.2016.1169939
bibtex: '@article{Diller_Kortebusch_Schneider_Sureth-Sloane_2017, title={Boon or
Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster
Investment}, volume={26}, DOI={10.1080/09638180.2016.1169939},
number={3}, journal={European Accounting Review}, author={Diller, Markus and Kortebusch,
Pia and Schneider, Georg and Sureth-Sloane, Caren}, year={2017}, pages={441–468}
}'
chicago: 'Diller, Markus, Pia Kortebusch, Georg Schneider, and Caren Sureth-Sloane.
“Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and
Foster Investment.” European Accounting Review 26, no. 3 (2017): 441–68.
https://doi.org/10.1080/09638180.2016.1169939.'
ieee: 'M. Diller, P. Kortebusch, G. Schneider, and C. Sureth-Sloane, “Boon or Bane?
Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment,”
European Accounting Review, vol. 26, no. 3, pp. 441–468, 2017, doi: 10.1080/09638180.2016.1169939.'
mla: Diller, Markus, et al. “Boon or Bane? Advance Tax Rulings as a Measure to Mitigate
Tax Uncertainty and Foster Investment.” European Accounting Review, vol.
26, no. 3, 2017, pp. 441–68, doi:10.1080/09638180.2016.1169939.
short: M. Diller, P. Kortebusch, G. Schneider, C. Sureth-Sloane, European Accounting
Review 26 (2017) 441–468.
date_created: 2018-10-12T08:27:42Z
date_updated: 2023-01-31T12:10:12Z
department:
- _id: '187'
- _id: '635'
doi: 10.1080/09638180.2016.1169939
intvolume: ' 26'
issue: '3'
language:
- iso: eng
page: 441-468
publication: European Accounting Review
quality_controlled: '1'
status: public
title: Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty
and Foster Investment
type: journal_article
user_id: '21222'
volume: 26
year: '2017'
...