---
_id: '61491'
abstract:
- lang: eng
text: We examine behavioral frictions in entrepreneurs’ tax planning when choosing
between corporate and partnership taxation under a check-the-box rule. Using German
tax return data, we show that only a small fraction of entrepreneurs opt for corporate
taxation, despite substantial potential tax savings. A pre registered incentivized
online experiment demonstrates that complexity aversion, status quo bias, and
misperception about the corporate tax burden—arising from the interaction of corporate
and deferred dividend taxation—help explain the preference for partnership taxation.
We further find that these behavioral frictions heighten liquidity risk under
the corporate system, particularly in the face of unexpected cash flow needs.
Finally, a survey of German tax advisors indicates that tax advice only partially
mitigates these frictions. Some advisors misperceive the benefits of corporate
taxation, while others anticipate client biases and therefore refrain from recommending
the corporate tax system.
author:
- first_name: Kay
full_name: Blaufus, Kay
last_name: Blaufus
- first_name: Ralf
full_name: Maiterth, Ralf
last_name: Maiterth
- first_name: Michael
full_name: Milde, Michael
last_name: Milde
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Blaufus K, Maiterth R, Milde M, Sureth-Sloane C. Choosing the Wrong Box?
Behavioral Frictions and Limits of Tax Advice in Tax Regime Choice .; 2025.
doi:10.2139/ssrn.5378466
apa: Blaufus, K., Maiterth, R., Milde, M., & Sureth-Sloane, C. (2025). Choosing
the Wrong Box? Behavioral Frictions and Limits of Tax Advice in Tax Regime Choice
. https://doi.org/10.2139/ssrn.5378466
bibtex: '@book{Blaufus_Maiterth_Milde_Sureth-Sloane_2025, series={TRR 266 Accounting
for Transparency Working Paper Series No. 203}, title={Choosing the Wrong Box?
Behavioral Frictions and Limits of Tax Advice in Tax Regime Choice }, DOI={10.2139/ssrn.5378466}, author={Blaufus,
Kay and Maiterth, Ralf and Milde, Michael and Sureth-Sloane, Caren}, year={2025},
collection={TRR 266 Accounting for Transparency Working Paper Series No. 203}
}'
chicago: Blaufus, Kay, Ralf Maiterth, Michael Milde, and Caren Sureth-Sloane. Choosing
the Wrong Box? Behavioral Frictions and Limits of Tax Advice in Tax Regime Choice
. TRR 266 Accounting for Transparency Working Paper Series No. 203, 2025.
https://doi.org/10.2139/ssrn.5378466.
ieee: K. Blaufus, R. Maiterth, M. Milde, and C. Sureth-Sloane, Choosing the Wrong
Box? Behavioral Frictions and Limits of Tax Advice in Tax Regime Choice .
2025.
mla: Blaufus, Kay, et al. Choosing the Wrong Box? Behavioral Frictions and Limits
of Tax Advice in Tax Regime Choice . 2025, doi:10.2139/ssrn.5378466.
short: K. Blaufus, R. Maiterth, M. Milde, C. Sureth-Sloane, Choosing the Wrong Box?
Behavioral Frictions and Limits of Tax Advice in Tax Regime Choice , 2025.
date_created: 2025-10-01T09:26:32Z
date_updated: 2025-10-01T09:29:57Z
department:
- _id: '187'
doi: 10.2139/ssrn.5378466
jel:
- H25
- D91
- D22
keyword:
- Check-the-box
- Legal Form
- Tax Complexity
- Tax Misperception
- Behavioral Taxation
- Tax Advice
language:
- iso: eng
page: '107'
publication_status: published
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 203
status: public
title: 'Choosing the Wrong Box? Behavioral Frictions and Limits of Tax Advice in Tax
Regime Choice '
type: working_paper
user_id: '97894'
year: '2025'
...
---
_id: '61508'
abstract:
- lang: eng
text: We investigate how tax authorities use joint tax audits as a coordinated enforcement
tool in cross-border transactions of a multinational firm. Joint tax audits aim
to resolve potential tax disputes early, before such disputes escalate into costly
and time-consuming resolution procedures that may not fully eliminate double taxation.
Employing a game-theoretic model, we identify settings in which we expect joint
audits to occur and investigate their effect on the firm's expected tax payments
and tax audit efficiency. We find that the occurrence of joint audits critically
depends on the double taxation risk in the absence of joint audits. Unless tax
rules are consistently applied, joint audits can occur more often when this risk
is higher. The reason is that the firm changes its income-shifting strategy to
reduce its expected tax payments, and thereby also enables tax authorities to
better target tax disputes via joint audits that would otherwise escalate. However,
we identify conditions under which joint audits are then detrimental to tax audit
efficiency, particularly when the firm prefers them most. Our results imply that
cost-sharing arrangements for joint audits should be tailored to the level of
double taxation risk, with firm involvement having the potential to improve efficiency
when this risk is high.
author:
- first_name: Daniel
full_name: Dyck, Daniel
id: '83379'
last_name: Dyck
- first_name: Thomas
full_name: Kourouxous, Thomas
last_name: Kourouxous
- first_name: Johannes
full_name: Lorenz, Johannes
last_name: Lorenz
citation:
ama: Dyck D, Kourouxous T, Lorenz J. An Economic Analysis of Joint Tax Audits.;
2025. doi:10.2139/ssrn.5398645
apa: Dyck, D., Kourouxous, T., & Lorenz, J. (2025). An Economic Analysis
of Joint Tax Audits. https://doi.org/10.2139/ssrn.5398645
bibtex: '@book{Dyck_Kourouxous_Lorenz_2025, series={TRR 266 Accounting for Transparency
Working Paper Series No. 208}, title={An Economic Analysis of Joint Tax Audits},
DOI={10.2139/ssrn.5398645},
author={Dyck, Daniel and Kourouxous, Thomas and Lorenz, Johannes}, year={2025},
collection={TRR 266 Accounting for Transparency Working Paper Series No. 208}
}'
chicago: Dyck, Daniel, Thomas Kourouxous, and Johannes Lorenz. An Economic Analysis
of Joint Tax Audits. TRR 266 Accounting for Transparency Working Paper Series
No. 208, 2025. https://doi.org/10.2139/ssrn.5398645.
ieee: D. Dyck, T. Kourouxous, and J. Lorenz, An Economic Analysis of Joint Tax
Audits. 2025.
mla: Dyck, Daniel, et al. An Economic Analysis of Joint Tax Audits. 2025,
doi:10.2139/ssrn.5398645.
short: D. Dyck, T. Kourouxous, J. Lorenz, An Economic Analysis of Joint Tax Audits,
2025.
date_created: 2025-10-02T08:53:38Z
date_updated: 2025-10-02T08:56:48Z
department:
- _id: '187'
doi: 10.2139/ssrn.5398645
keyword:
- joint tax audits
- double taxation
- dispute prevention
- income shifting
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://ssrn.com/abstract=5398645
oa: '1'
page: '57'
publication_status: published
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 208
status: public
title: An Economic Analysis of Joint Tax Audits
type: working_paper
user_id: '97894'
year: '2025'
...
---
_id: '56848'
abstract:
- lang: eng
text: 'What can the tax authorities do to encourage citizens to pay their taxes
more honestly? They can promote honest tax payments in the media! Such tax education,
which is completely unfamiliar to German taxpayers, can look back on a long tradition
in the USA, for example, and other countries. It has also been practised in Spain
since the end of the 1960s and intensified after the transition to democracy.
A Treasury television advertisement from 1990 allows an analysis of the narratives
used by tax education in the young Spanish democracy. The intense and difficult
struggle by state institutions for democratic, equal rights for all citizens even
15 years after Franco''s death becomes obvious. '
alternative_title:
- '"Beitragen heißt Investieren in Spanien " - Steuererziehung im Spanien im Jahr
1990 '
article_type: original
author:
- first_name: Korinna
full_name: Schönhärl, Korinna
id: '89037'
last_name: Schönhärl
orcid: 0000-0002-7967-3261
citation:
ama: Schönhärl K. “Contributing means investing in Spain” – Media campaigns on tax
education in Spain after the transition to democracy. Themenportal Europäische
Geschichte. Published online 2024.
apa: Schönhärl, K. (2024). “Contributing means investing in Spain” – Media campaigns
on tax education in Spain after the transition to democracy. Themenportal Europäische
Geschichte.
bibtex: '@article{Schönhärl_2024, title={“Contributing means investing in Spain”
– Media campaigns on tax education in Spain after the transition to democracy},
journal={Themenportal Europäische Geschichte}, author={Schönhärl, Korinna}, year={2024}
}'
chicago: Schönhärl, Korinna. “‘Contributing Means Investing in Spain’ – Media Campaigns
on Tax Education in Spain after the Transition to Democracy.” Themenportal
Europäische Geschichte, 2024.
ieee: K. Schönhärl, “‘Contributing means investing in Spain’ – Media campaigns on
tax education in Spain after the transition to democracy,” Themenportal Europäische
Geschichte, 2024.
mla: Schönhärl, Korinna. “‘Contributing Means Investing in Spain’ – Media Campaigns
on Tax Education in Spain after the Transition to Democracy.” Themenportal
Europäische Geschichte, 2024.
short: K. Schönhärl, Themenportal Europäische Geschichte (2024).
date_created: 2024-10-31T14:20:52Z
date_updated: 2024-10-31T14:27:07Z
department:
- _id: '445'
jel:
- G
- N24
- H3
- Z10
keyword:
- Spanish History
- Financial History
- Tax History
- Video as historical sources
language:
- iso: eng
main_file_link:
- open_access: '1'
url: http://www.europa.clio-online.de/essay/id/fdae-134397
oa: '1'
project:
- _id: '658'
grant_number: '501071438'
name: Internationale Kulturgeschichte der Steuermoral
publication: Themenportal Europäische Geschichte
publication_status: published
quality_controlled: '1'
related_material:
link:
- relation: confirmation
url: http://www.europa.clio-online.de/essay/id/fdae-134397
status: public
title: '"Contributing means investing in Spain" – Media campaigns on tax education
in Spain after the transition to democracy'
type: journal_article
user_id: '89037'
year: '2024'
...
---
_id: '49873'
abstract:
- lang: eng
text: This study analyzes the impact of tax complexity on the location of tax employees
and tax risk. Using a hand-collected dataset of more than 7,500 tax employees
from 348 European-listed multinationals, we identify two types of firm-level costs
associated with tax complexity—tax employees, and tax risk. We find that firms
locate more tax employees in countries with greater tax complexity. This association
is particularly pronounced for complexity in tax procedures. We also find that
multinationals operating in countries with high tax complexity are associated
with higher tax risk. The incremental tax risk vanishes for firms that locate
more tax employees in countries with highly complex tax procedures, while we find
no risk reduction from additional tax employees in countries with complex tax
rules. Our results reveal that multinationals eliminate 25 percent of overall
tax complexity-related tax risk through targeted location of tax employees.
author:
- first_name: Henning
full_name: Giese, Henning
id: '92812'
last_name: Giese
- first_name: Reinald
full_name: Koch, Reinald
last_name: Koch
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Giese H, Koch R, Sureth-Sloane C. Where to Locate Tax Employees? The Role
of Tax Complexity and Tax Risk Implications.; 2024. doi:10.2139/ssrn.4888151
apa: Giese, H., Koch, R., & Sureth-Sloane, C. (2024). Where to Locate Tax
Employees? The Role of Tax Complexity and Tax Risk Implications. https://doi.org/10.2139/ssrn.4888151
bibtex: '@book{Giese_Koch_Sureth-Sloane_2024, series={TRR 266 Accounting for Transparency
Working Paper Series No. 149}, title={Where to Locate Tax Employees? The Role
of Tax Complexity and Tax Risk Implications}, DOI={10.2139/ssrn.4888151},
author={Giese, Henning and Koch, Reinald and Sureth-Sloane, Caren}, year={2024},
collection={TRR 266 Accounting for Transparency Working Paper Series No. 149}
}'
chicago: Giese, Henning, Reinald Koch, and Caren Sureth-Sloane. Where to Locate
Tax Employees? The Role of Tax Complexity and Tax Risk Implications. TRR 266
Accounting for Transparency Working Paper Series No. 149, 2024. https://doi.org/10.2139/ssrn.4888151.
ieee: H. Giese, R. Koch, and C. Sureth-Sloane, Where to Locate Tax Employees?
The Role of Tax Complexity and Tax Risk Implications. 2024.
mla: Giese, Henning, et al. Where to Locate Tax Employees? The Role of Tax Complexity
and Tax Risk Implications. 2024, doi:10.2139/ssrn.4888151.
short: H. Giese, R. Koch, C. Sureth-Sloane, Where to Locate Tax Employees? The Role
of Tax Complexity and Tax Risk Implications, 2024.
date_created: 2023-12-19T13:22:08Z
date_updated: 2024-12-07T14:13:15Z
department:
- _id: '187'
doi: 10.2139/ssrn.4888151
keyword:
- tax complexity
- tax complexity cost
- tax department
- tax employees
- tax risk
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4888151
oa: '1'
publication_status: published
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 149
status: public
title: Where to Locate Tax Employees? The Role of Tax Complexity and Tax Risk Implications
type: working_paper
user_id: '530'
year: '2024'
...
---
_id: '34544'
abstract:
- lang: eng
text: "Tax evasion, tax avoidance and tax resistance are widespread phenomena in
political, economic, social and fiscal history from antiquity through medieval,
early modern and modern times. Histories of Tax Evasion, Avoidance and Resistance
shows how different groups and individuals around the globe have succeeded or
failed in not paying their due taxes, whether in kind or in cash, on their properties
or on their crops.\r\n\r\nIt analyses how, throughout history, wealthy and poor
taxpayers have tried to avoid or reduce their tax burden by negotiating with tax
authorities, through practices of legal or illegal tax evasion, by filing lawsuits,
seeking armed resistance or by migration, and how state authorities have dealt
with such acts of claim making, defiance, open resistance or elusion. It fills
an important research gap in tax history, addressing questions of tax morale and
fairness, and how social and political inequality was negotiated through taxation.
It gives rich insights into the development of citizen-state relationships throughout
the course of history. The book comprises case studies from Ancient Athens, Roman
Egypt, Medieval Europe, Early Modern Mexico, the Ottoman Empire, Nigeria under
British colonial rule, the United Kingdom of the early 20th century, Greece during
the Second World War, as well as West Germany, Switzerland, Sweden and the United
States in the 20th century, including transnational entanglements in the world
of late-modern offshore finance and taxation. The authors are experts in fiscal,
economic, financial, legal, social and/or cultural history.\r\nThe book is intended
for students, researchers and scholars of economic and financial history, social
and world history and political economy.\r\nThe Open Access version of this book,
available at www.taylorfrancis.com, has been made available under a Creative Commons
Attribution-Share Alike 4.0 license."
author:
- first_name: Korinna
full_name: Schönhärl, Korinna
id: '89037'
last_name: Schönhärl
orcid: 0000-0002-7967-3261
- first_name: Gisela
full_name: Hürlimann, Gisela
last_name: Hürlimann
- first_name: Dorothea
full_name: Rohde, Dorothea
last_name: Rohde
citation:
ama: Schönhärl K, Hürlimann G, Rohde D. Histories of Tax Evasion, Avoidance and
Resistance. 1st ed. Routledge; 2023. doi:10.4324/9781003333197
apa: Schönhärl, K., Hürlimann, G., & Rohde, D. (2023). Histories of Tax Evasion,
Avoidance and Resistance (1st ed.). Routledge. https://doi.org/10.4324/9781003333197
bibtex: '@book{Schönhärl_Hürlimann_Rohde_2023, place={London}, edition={1}, series={Financial
History}, title={Histories of Tax Evasion, Avoidance and Resistance}, DOI={10.4324/9781003333197}, publisher={Routledge},
author={Schönhärl, Korinna and Hürlimann, Gisela and Rohde, Dorothea}, year={2023},
collection={Financial History} }'
chicago: 'Schönhärl, Korinna, Gisela Hürlimann, and Dorothea Rohde. Histories
of Tax Evasion, Avoidance and Resistance. 1st ed. Financial History. London:
Routledge, 2023. https://doi.org/10.4324/9781003333197.'
ieee: 'K. Schönhärl, G. Hürlimann, and D. Rohde, Histories of Tax Evasion, Avoidance
and Resistance, 1st ed. London: Routledge, 2023.'
mla: Schönhärl, Korinna, et al. Histories of Tax Evasion, Avoidance and Resistance.
1st ed., Routledge, 2023, doi:10.4324/9781003333197.
short: K. Schönhärl, G. Hürlimann, D. Rohde, Histories of Tax Evasion, Avoidance
and Resistance, 1st ed., Routledge, London, 2023.
date_created: 2022-12-19T10:42:01Z
date_updated: 2022-12-19T11:03:07Z
ddc:
- '900'
department:
- _id: '445'
doi: 10.4324/9781003333197
edition: '1'
file:
- access_level: closed
content_type: application/pdf
creator: schoenha
date_created: 2022-12-19T10:44:55Z
date_updated: 2022-12-19T10:44:55Z
file_id: '34545'
file_name: Schönhärl_Hürlimann_Rohde_Histories_Tax_Evasion.pdf
file_size: 4393218
relation: main_file
success: 1
file_date_updated: 2022-12-19T10:44:55Z
has_accepted_license: '1'
keyword:
- Tax History
- Financial History
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://www.taylorfrancis.com/books/oa-edit/10.4324/9781003333197/histories-tax-evasion-avoidance-resistance-korinna-sch%C3%B6nh%C3%A4rl-gisela-h%C3%BCrlimann-dorothea-rohde
oa: '1'
place: London
publication_identifier:
isbn:
- '9781003333197'
publication_status: published
publisher: Routledge
quality_controlled: '1'
series_title: Financial History
status: public
title: Histories of Tax Evasion, Avoidance and Resistance
type: book
user_id: '89037'
year: '2023'
...
---
_id: '48165'
abstract:
- lang: eng
text: 'Paying taxes is a field of economic activity that has always been highly
morally charged: the question of who pays how much or can avoid or evade the prescribed
payments is always closely related to debate about a fair societal distribution
of burdens. In the process of moralisation, therefore, faith communities such
as the Catholic Church also repeatedly seized the floor to propagate certain norms.
The article examines the contributions of theologians from Spain, the USA and
West Germany in the 1940s and 1950s. It concludes that the norms of taxation they
propagated differed greatly depending on the institutional and economic frameworks
within which they operated. The analysis proves taxation to be a field of economic
action and societal dispute where economics and morality are indissolubly interconnected.'
author:
- first_name: Korinna
full_name: Schönhärl, Korinna
id: '89037'
last_name: Schönhärl
orcid: 0000-0002-7967-3261
citation:
ama: 'Schönhärl K. Tax Morale and the Church: How Catholic Clergies Adapted Norms
of Paying Taxes to Secular Institutions (1940s–1950s). In: Skambraks T, Lutz M,
eds. Reassessing the Moral Economy Religion and Economic Ethics from Ancient
Greece to the 20th Century. Palgrave Studies in Economic History. Springer;
2023:237-258.'
apa: 'Schönhärl, K. (2023). Tax Morale and the Church: How Catholic Clergies Adapted
Norms of Paying Taxes to Secular Institutions (1940s–1950s). In T. Skambraks &
M. Lutz (Eds.), Reassessing the Moral Economy Religion and Economic Ethics
from Ancient Greece to the 20th Century (pp. 237–258). Springer.'
bibtex: '@inbook{Schönhärl_2023, place={New York}, series={Palgrave Studies in Economic
History}, title={Tax Morale and the Church: How Catholic Clergies Adapted Norms
of Paying Taxes to Secular Institutions (1940s–1950s)}, booktitle={ Reassessing
the Moral Economy Religion and Economic Ethics from Ancient Greece to the 20th
Century}, publisher={Springer}, author={Schönhärl, Korinna}, editor={Skambraks,
Tanja and Lutz, Martin}, year={2023}, pages={237–258}, collection={Palgrave Studies
in Economic History} }'
chicago: 'Schönhärl, Korinna. “Tax Morale and the Church: How Catholic Clergies
Adapted Norms of Paying Taxes to Secular Institutions (1940s–1950s).” In Reassessing
the Moral Economy Religion and Economic Ethics from Ancient Greece to the 20th
Century, edited by Tanja Skambraks and Martin Lutz, 237–58. Palgrave Studies
in Economic History. New York: Springer, 2023.'
ieee: 'K. Schönhärl, “Tax Morale and the Church: How Catholic Clergies Adapted Norms
of Paying Taxes to Secular Institutions (1940s–1950s),” in Reassessing the
Moral Economy Religion and Economic Ethics from Ancient Greece to the 20th Century,
T. Skambraks and M. Lutz, Eds. New York: Springer, 2023, pp. 237–258.'
mla: 'Schönhärl, Korinna. “Tax Morale and the Church: How Catholic Clergies Adapted
Norms of Paying Taxes to Secular Institutions (1940s–1950s).” Reassessing
the Moral Economy Religion and Economic Ethics from Ancient Greece to the 20th
Century, edited by Tanja Skambraks and Martin Lutz, Springer, 2023, pp. 237–58.'
short: 'K. Schönhärl, in: T. Skambraks, M. Lutz (Eds.), Reassessing the Moral Economy
Religion and Economic Ethics from Ancient Greece to the 20th Century, Springer,
New York, 2023, pp. 237–258.'
date_created: 2023-10-17T08:03:35Z
date_updated: 2023-10-17T08:03:42Z
ddc:
- '900'
department:
- _id: '445'
editor:
- first_name: Tanja
full_name: Skambraks, Tanja
last_name: Skambraks
- first_name: Martin
full_name: Lutz, Martin
last_name: Lutz
file:
- access_level: closed
content_type: application/pdf
creator: schoenha
date_created: 2023-10-17T08:01:06Z
date_updated: 2023-10-17T08:01:06Z
file_id: '48166'
file_name: Schönhärl Tax Morale Church_2023.pdf
file_size: 230625
relation: main_file
success: 1
file_date_updated: 2023-10-17T08:01:06Z
has_accepted_license: '1'
jel:
- B2
keyword:
- Tax history
- 'religious history: financial history'
- catholic church
- history of economic thought
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://link.springer.com/chapter/10.1007/978-3-031-29834-9_12
oa: '1'
page: 237-258
place: New York
project:
- _id: '658'
grant_number: '501071438'
name: Internationale Kulturgeschichte der Steuermoral
publication: ' Reassessing the Moral Economy Religion and Economic Ethics from Ancient
Greece to the 20th Century'
publication_identifier:
isbn:
- '9783031298349'
publication_status: published
publisher: Springer
quality_controlled: '1'
series_title: Palgrave Studies in Economic History
status: public
title: 'Tax Morale and the Church: How Catholic Clergies Adapted Norms of Paying Taxes
to Secular Institutions (1940s–1950s)'
type: book_chapter
user_id: '89037'
year: '2023'
...
---
_id: '34040'
abstract:
- lang: eng
text: "Consider the practical goal of making a desired action profile played,\r\n\r\nwhen
the planner can only change the payoffs, bound by \r\n\r\nstringent constraints.\r\n\r\nApplications
include motivating people\r\n\r\nto choose the closest school, the closest subway
station, or to coordinate\r\n\r\non a communication protocol or an investment
strategy.\r\n\r\nEmploying subsidies and tolls, we adjust the game so that choosing
this predefined action profile\r\n\r\nbecomes strictly dominant. \r\n\r\nInspired
mainly by the work of Monderer and Tennenholtz,\r\n\r\nwhere the promised subsidies
do not materialise in the not played\r\n\r\nprofiles, we provide a fair and individually
rational game\r\n\r\nadjustment, such that the total outside investments sum up\r\n\r\nto
zero at any profile, thereby facilitating easy and frequent\r\n\r\nusage of our
adjustment without bearing costs, even if some\r\n\r\nplayers behave unexpectedly.
The resultant action profile itself needs no\r\n\r\nadjustment. Importantly, we
also prove that our adjustment minimises \r\n\r\nthe general transfer among all
such adjustments, counting the total subsidising and taxation."
author:
- first_name: Gleb
full_name: Polevoy, Gleb
id: '83983'
last_name: Polevoy
- first_name: Marcin
full_name: Dziubiński, Marcin
last_name: Dziubiński
citation:
ama: 'Polevoy G, Dziubiński M. Fair, Individually Rational and Cheap Adjustment.
In: De Raedt L, ed. Proceedings of the Thirty-First International Joint Conference
on Artificial Intelligence. International Joint Conferences on Artificial
Intelligence Organization; 2022. doi:10.24963/ijcai.2022/64'
apa: Polevoy, G., & Dziubiński, M. (2022). Fair, Individually Rational and Cheap
Adjustment. In L. De Raedt (Ed.), Proceedings of the Thirty-First International
Joint Conference on Artificial Intelligence. International Joint Conferences
on Artificial Intelligence Organization. https://doi.org/10.24963/ijcai.2022/64
bibtex: '@inproceedings{Polevoy_Dziubiński_2022, title={Fair, Individually Rational
and Cheap Adjustment}, DOI={10.24963/ijcai.2022/64},
booktitle={Proceedings of the Thirty-First International Joint Conference on Artificial
Intelligence}, publisher={International Joint Conferences on Artificial Intelligence
Organization}, author={Polevoy, Gleb and Dziubiński, Marcin}, editor={De Raedt,
Luc}, year={2022} }'
chicago: Polevoy, Gleb, and Marcin Dziubiński. “Fair, Individually Rational and
Cheap Adjustment.” In Proceedings of the Thirty-First International Joint Conference
on Artificial Intelligence, edited by Luc De Raedt. International Joint Conferences
on Artificial Intelligence Organization, 2022. https://doi.org/10.24963/ijcai.2022/64.
ieee: 'G. Polevoy and M. Dziubiński, “Fair, Individually Rational and Cheap Adjustment,”
in Proceedings of the Thirty-First International Joint Conference on Artificial
Intelligence, Vienna, 2022, doi: 10.24963/ijcai.2022/64.'
mla: Polevoy, Gleb, and Marcin Dziubiński. “Fair, Individually Rational and Cheap
Adjustment.” Proceedings of the Thirty-First International Joint Conference
on Artificial Intelligence, edited by Luc De Raedt, International Joint Conferences
on Artificial Intelligence Organization, 2022, doi:10.24963/ijcai.2022/64.
short: 'G. Polevoy, M. Dziubiński, in: L. De Raedt (Ed.), Proceedings of the Thirty-First
International Joint Conference on Artificial Intelligence, International Joint
Conferences on Artificial Intelligence Organization, 2022.'
conference:
end_date: 2022-07-29
location: Vienna
name: THE 31ST INTERNATIONAL JOINT CONFERENCE ON ARTIFICIAL INTELLIGENCE
start_date: 2022-07-23
date_created: 2022-11-08T16:53:31Z
date_updated: 2022-11-08T17:34:36Z
department:
- _id: '63'
- _id: '541'
doi: 10.24963/ijcai.2022/64
editor:
- first_name: Luc
full_name: De Raedt, Luc
last_name: De Raedt
keyword:
- adjustment
- strictly dominant
- fairness
- individually rational
- transfer
- tax
- subsidy
language:
- iso: eng
main_file_link:
- url: https://www.ijcai.org/proceedings/2022/64
publication: Proceedings of the Thirty-First International Joint Conference on Artificial
Intelligence
publication_status: published
publisher: International Joint Conferences on Artificial Intelligence Organization
status: public
title: Fair, Individually Rational and Cheap Adjustment
type: conference
user_id: '83983'
year: '2022'
...
---
_id: '29049'
abstract:
- lang: eng
text: "This study investigates the conditions under which tax rate changes accelerate
risky investments.\r\nWhile tax rate increases are often expected to harm investment,
analytical\r\nstudies find tax rate increases may foster investment under flexibility.We
design a theorybased\r\nexperimentwith a binomial random walk and entry–exit flexibility.We
find accelerated\r\ninvestment upon tax rate increases irrespective of an exit
option, but no corresponding\r\nresponse to tax cuts. This asymmetry may be due
to tax salience and mechanisms\r\nfrom irreversible choice under uncertainty.
Given this evidence of unexpected tax-reform\r\neffects, tax policymakers should
carefully consider behavioral aspects."
article_type: original
author:
- first_name: René
full_name: Fahr, René
last_name: Fahr
- first_name: Elmar A.
full_name: Janssen, Elmar A.
last_name: Janssen
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Fahr R, Janssen EA, Sureth-Sloane C. Can Tax Rate Changes Accelerate Investment
under Entry and Exit Flexibility? – Insights from an Economic Experiment. FinanzArchiv
/ European Journal of Public Finance. 2022;78(1-2):239-289.
apa: Fahr, R., Janssen, E. A., & Sureth-Sloane, C. (2022). Can Tax Rate Changes
Accelerate Investment under Entry and Exit Flexibility? – Insights from an Economic
Experiment. FinanzArchiv / European Journal of Public Finance, 78(1–2),
239–289.
bibtex: '@article{Fahr_Janssen_Sureth-Sloane_2022, title={Can Tax Rate Changes Accelerate
Investment under Entry and Exit Flexibility? – Insights from an Economic Experiment},
volume={78}, number={1–2}, journal={FinanzArchiv / European Journal of Public
Finance}, author={Fahr, René and Janssen, Elmar A. and Sureth-Sloane, Caren},
year={2022}, pages={239–289} }'
chicago: 'Fahr, René, Elmar A. Janssen, and Caren Sureth-Sloane. “Can Tax Rate Changes
Accelerate Investment under Entry and Exit Flexibility? – Insights from an Economic
Experiment.” FinanzArchiv / European Journal of Public Finance 78, no.
1–2 (2022): 239–89.'
ieee: R. Fahr, E. A. Janssen, and C. Sureth-Sloane, “Can Tax Rate Changes Accelerate
Investment under Entry and Exit Flexibility? – Insights from an Economic Experiment,”
FinanzArchiv / European Journal of Public Finance, vol. 78, no. 1–2, pp.
239–289, 2022.
mla: Fahr, René, et al. “Can Tax Rate Changes Accelerate Investment under Entry
and Exit Flexibility? – Insights from an Economic Experiment.” FinanzArchiv
/ European Journal of Public Finance, vol. 78, no. 1–2, 2022, pp. 239–89.
short: R. Fahr, E.A. Janssen, C. Sureth-Sloane, FinanzArchiv / European Journal
of Public Finance 78 (2022) 239–289.
date_created: 2021-12-20T08:23:13Z
date_updated: 2026-04-09T07:25:41Z
department:
- _id: '187'
intvolume: ' 78'
issue: 1-2
jel:
- H25
- H21
- C91
keyword:
- Economic ExperimentM
- Investment Decisions
- Tax Effects
- Timing Flexibility
- Uncertainty
language:
- iso: eng
page: 239-289
publication: FinanzArchiv / European Journal of Public Finance
publication_status: published
quality_controlled: '1'
status: public
title: Can Tax Rate Changes Accelerate Investment under Entry and Exit Flexibility?
– Insights from an Economic Experiment
type: journal_article
user_id: '96670'
volume: 78
year: '2022'
...
---
_id: '29048'
abstract:
- lang: eng
text: "We study the bargaining behavior between auditor and auditee in a tax setting
and scrutinize\r\nthe effect of interpersonal trust and trust in government on
both parties’ concessions.\r\nWe find evidence that both kinds of trust affect
the concessionary behavior, albeit\r\nin different ways. While trust in government
affects concessionary behavior in line with\r\nintuitive predictions, we find
that interpersonal trust only affects tax auditors. For high\r\ninterpersonal
trust, the alleviating effect of high trust in government on tax auditors’\r\nconcessions
is less pronounced. Our findings help tax authorities to shape programs to\r\nenhance
compliance in an atmosphere of trust."
author:
- first_name: Eva
full_name: Eberhartinger, Eva
last_name: Eberhartinger
- first_name: Raffael
full_name: Speitmann, Raffael
last_name: Speitmann
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
- first_name: Yuchen
full_name: Wu, Yuchen
last_name: Wu
citation:
ama: Eberhartinger E, Speitmann R, Sureth-Sloane C, Wu Y. How Does Trust Affect
Concessionary Behavior in Tax Bargaining? FinanzArchiv / European Journal of
Public Finance. 2022;78(1-2):112-155.
apa: Eberhartinger, E., Speitmann, R., Sureth-Sloane, C., & Wu, Y. (2022). How
Does Trust Affect Concessionary Behavior in Tax Bargaining? FinanzArchiv /
European Journal of Public Finance, 78(1–2), 112–155.
bibtex: '@article{Eberhartinger_Speitmann_Sureth-Sloane_Wu_2022, title={How Does
Trust Affect Concessionary Behavior in Tax Bargaining?}, volume={78}, number={1–2},
journal={FinanzArchiv / European Journal of Public Finance}, author={Eberhartinger,
Eva and Speitmann, Raffael and Sureth-Sloane, Caren and Wu, Yuchen}, year={2022},
pages={112–155} }'
chicago: 'Eberhartinger, Eva, Raffael Speitmann, Caren Sureth-Sloane, and Yuchen
Wu. “How Does Trust Affect Concessionary Behavior in Tax Bargaining?” FinanzArchiv
/ European Journal of Public Finance 78, no. 1–2 (2022): 112–55.'
ieee: E. Eberhartinger, R. Speitmann, C. Sureth-Sloane, and Y. Wu, “How Does Trust
Affect Concessionary Behavior in Tax Bargaining?,” FinanzArchiv / European
Journal of Public Finance, vol. 78, no. 1–2, pp. 112–155, 2022.
mla: Eberhartinger, Eva, et al. “How Does Trust Affect Concessionary Behavior in
Tax Bargaining?” FinanzArchiv / European Journal of Public Finance, vol.
78, no. 1–2, 2022, pp. 112–55.
short: E. Eberhartinger, R. Speitmann, C. Sureth-Sloane, Y. Wu, FinanzArchiv / European
Journal of Public Finance 78 (2022) 112–155.
date_created: 2021-12-20T08:20:42Z
date_updated: 2026-04-09T07:26:00Z
department:
- _id: '187'
intvolume: ' 78'
issue: 1-2
jel:
- C92
- M40
- H20
- H25
- H83
keyword:
- Behavioral Taxation
- Concessionary Behavior
- Interpersonal Trust
- Tax Audit
- Trust in Government
language:
- iso: eng
page: 112-155
publication: FinanzArchiv / European Journal of Public Finance
publication_status: published
quality_controlled: '1'
status: public
title: How Does Trust Affect Concessionary Behavior in Tax Bargaining?
type: journal_article
user_id: '96670'
volume: 78
year: '2022'
...
---
_id: '5163'
abstract:
- lang: eng
text: "Employing a unique hand-collected sample of 956 credit risk securitization
transactions issued by 64 stock-listed\r\nEuropean banks across the EU-13 plus
Switzerland over the period from 1997 to 2010, this paper empirically analyzes\r\nthe
impact of securitization on the issuing banks’ effective tax rates. Our analysis
reveals that banks may reduce their\r\ntax expense through securitization via
a direct and indirect channel suggesting that tax avoidance may be a further\r\nmotive
for banks to engage in the securitization business. These baseline findings remain
robust under various\r\nrobustness checks, especially when implementing structural
equation models and controlling for a reverse causality\r\nbetween the banks’
tax burden and their incentive to securitize. Finally, various sensitivity analyses
provide further\r\nimportant results and implications for tax policies, banking
regulation and the ongoing process of revitalizing the\r\nEuropean securitization
market."
author:
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
citation:
ama: Uhde A. Tax avoidance through securitization. The Quarterly Review of Economics
and Finance. 2021;79:411-421. doi:10.1016/j.qref.2020.07.008
apa: Uhde, A. (2021). Tax avoidance through securitization. The Quarterly Review
of Economics and Finance, 79, 411–421. https://doi.org/10.1016/j.qref.2020.07.008
bibtex: '@article{Uhde_2021, title={Tax avoidance through securitization}, volume={79},
DOI={10.1016/j.qref.2020.07.008},
journal={The Quarterly Review of Economics and Finance}, author={Uhde, André},
year={2021}, pages={411–421} }'
chicago: 'Uhde, André. “Tax Avoidance through Securitization.” The Quarterly
Review of Economics and Finance 79 (2021): 411–21. https://doi.org/10.1016/j.qref.2020.07.008.'
ieee: A. Uhde, “Tax avoidance through securitization,” The Quarterly Review of
Economics and Finance, vol. 79, pp. 411–421, 2021.
mla: Uhde, André. “Tax Avoidance through Securitization.” The Quarterly Review
of Economics and Finance, vol. 79, 2021, pp. 411–21, doi:10.1016/j.qref.2020.07.008.
short: A. Uhde, The Quarterly Review of Economics and Finance 79 (2021) 411–421.
date_created: 2018-10-31T09:55:40Z
date_updated: 2022-01-06T07:01:40Z
department:
- _id: '186'
- _id: '188'
doi: 10.1016/j.qref.2020.07.008
intvolume: ' 79'
jel:
- G21
- G28
- H25
- H71
keyword:
- Securitization
- Credit risk transfer
- Effective tax rates
- European banking
language:
- iso: eng
page: 411-421
publication: The Quarterly Review of Economics and Finance
status: public
title: Tax avoidance through securitization
type: journal_article
user_id: '81176'
volume: 79
year: '2021'
...
---
_id: '17522'
abstract:
- lang: eng
text: Employing a unique hand-collected sample of 956 credit risk securitization
transactions issued by 64 stock-listed European banks across the EU-13 plus Switzerland
over the period from 1997 to 2010, this paper empirically analyzes the impact
of securitization on the issuing banks’ effective tax rates. Our analysis reveals
that banks may reduce their tax expense through securitization via a direct and
indirect channel suggesting that tax avoidance may be a further motive for banks
to engage in the securitization business. These baseline findings remain robust
under various robustness checks, especially when implementing structural equation
models and controlling for a reverse causality between the banks’ tax burden and
their incentive to securitize. Finally, various sensitivity analyses provide further
important results and implications for tax policies, banking regulation and the
ongoing process of revitalizing the European securitization market.
article_type: original
author:
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
citation:
ama: Uhde A. Tax avoidance through securitization. The Quarterly Review of Economics
and Finance. Published online 2020. doi:10.1016/j.qref.2020.07.008
apa: Uhde, A. (2020). Tax avoidance through securitization. The Quarterly Review
of Economics and Finance. https://doi.org/10.1016/j.qref.2020.07.008
bibtex: '@article{Uhde_2020, title={Tax avoidance through securitization}, DOI={10.1016/j.qref.2020.07.008},
journal={The Quarterly Review of Economics and Finance}, author={Uhde, André},
year={2020} }'
chicago: Uhde, André. “Tax Avoidance through Securitization.” The Quarterly Review
of Economics and Finance, 2020. https://doi.org/10.1016/j.qref.2020.07.008.
ieee: 'A. Uhde, “Tax avoidance through securitization,” The Quarterly Review
of Economics and Finance, 2020, doi: 10.1016/j.qref.2020.07.008.'
mla: Uhde, André. “Tax Avoidance through Securitization.” The Quarterly Review
of Economics and Finance, 2020, doi:10.1016/j.qref.2020.07.008.
short: A. Uhde, The Quarterly Review of Economics and Finance (2020).
date_created: 2020-08-01T07:20:33Z
date_updated: 2024-04-17T13:35:56Z
department:
- _id: '19'
doi: 10.1016/j.qref.2020.07.008
jel:
- G21
- G28
- H25
- H71
keyword:
- Securitization
- Credit risk transfer
- Effective tax rates
- European banking
language:
- iso: eng
publication: The Quarterly Review of Economics and Finance
publication_identifier:
issn:
- 1062-9769
status: public
title: Tax avoidance through securitization
type: journal_article
user_id: '36049'
year: '2020'
...
---
_id: '17401'
abstract:
- lang: eng
text: Employing a unique hand-collected sample of 956 credit risk securitization
transactions issued by 64 stock-listed European banks across the EU-13 plus Switzerland
over the period from 1997 to 2010, this paper empirically analyzes the impact
of securitization on the issuing banks’ effective tax rates. Our analysis reveals
that banks may reduce their tax expense through securitization via a direct and
indirect channel suggesting that tax avoidance may be a further motive for banks
to engage in the securitization business. These baseline findings remain robust
under various robustness checks, especially when implementing structural equation
models and controlling for a reverse causality between the banks’ tax burden and
their incentive to securitize. Finally, various sensitivity analyses provide further
important results and implications for tax policies, banking regulation and the
ongoing process of revitalizing the European securitization market.
author:
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
citation:
ama: Uhde A. Tax avoidance through securitization. The Quarterly Review of Economics
and Finance. Published online 2020.
apa: Uhde, A. (2020). Tax avoidance through securitization. The Quarterly Review
of Economics and Finance.
bibtex: '@article{Uhde_2020, title={Tax avoidance through securitization}, journal={The
Quarterly Review of Economics and Finance}, author={Uhde, André}, year={2020}
}'
chicago: Uhde, André. “Tax Avoidance through Securitization.” The Quarterly Review
of Economics and Finance, 2020.
ieee: A. Uhde, “Tax avoidance through securitization,” The Quarterly Review of
Economics and Finance, 2020.
mla: Uhde, André. “Tax Avoidance through Securitization.” The Quarterly Review
of Economics and Finance, 2020.
short: A. Uhde, The Quarterly Review of Economics and Finance (2020).
date_created: 2020-07-20T06:29:36Z
date_updated: 2024-04-17T13:36:03Z
department:
- _id: '19'
jel:
- G21
- G28
- H25
- H71
keyword:
- Securitization
- credit risk transfer
- effective tax rates
- European banking
language:
- iso: eng
publication: The Quarterly Review of Economics and Finance
status: public
title: Tax avoidance through securitization
type: journal_article
user_id: '36049'
year: '2020'
...
---
_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: '3699'
abstract:
- lang: eng
text: When taxes on capital or wealth are levied, in most countries companies have
to be assessed in terms of their market value (MV). Estimating the MV of private
companies for tax purposes is a challenging task for tax authorities as MVs are
not available. In this study, I empirically analyse to what extent an accounting-based
tax valuation method for private companies, a simplified residual income model,
succeeds in matching the MV. I refer to the mandatory Standardised Combination
Model that is a special case of methods commonly used in several countries. In
the absence of market prices for private companies, I use a sample of small German
public companies as a proxy. I validate this approach using a sensitivity analysis
that involves matching the sample of public companies with that of private companies.
The results imply that the mandatory Standardised Combination Model leads to a
severe unequal treatment not only between public and private companies but also
among private companies across and within industries. Furthermore, I simulate
the effects of variation in the key parameters and highlight their impact on the
approximation quality of the Standardised Combination Method. The findings are
relevant to tax reform discussions as well as to tax policy-makers and practitioners
in many countries.
article_type: original
author:
- first_name: Jens
full_name: Müller, Jens
id: '1245'
last_name: Müller
citation:
ama: Müller J. The challenge of assessing the market value of private companies
using a standardised combination method for tax purposes--Lessons to be learnt
from past experience. European Accounting Review. 2014;(1):117--141.
apa: Müller, J. (2014). The challenge of assessing the market value of private companies
using a standardised combination method for tax purposes--Lessons to be learnt
from past experience. European Accounting Review, (1), 117--141.
bibtex: '@article{Müller_2014, title={The challenge of assessing the market value
of private companies using a standardised combination method for tax purposes--Lessons
to be learnt from past experience}, number={1}, journal={European Accounting Review},
author={Müller, Jens}, year={2014}, pages={117--141} }'
chicago: 'Müller, Jens. “The Challenge of Assessing the Market Value of Private
Companies Using a Standardised Combination Method for Tax Purposes--Lessons to
Be Learnt from Past Experience.” European Accounting Review, no. 1 (2014):
117--141.'
ieee: J. Müller, “The challenge of assessing the market value of private companies
using a standardised combination method for tax purposes--Lessons to be learnt
from past experience,” European Accounting Review, no. 1, pp. 117--141,
2014.
mla: Müller, Jens. “The Challenge of Assessing the Market Value of Private Companies
Using a Standardised Combination Method for Tax Purposes--Lessons to Be Learnt
from Past Experience.” European Accounting Review, no. 1, 2014, pp. 117--141.
short: J. Müller, European Accounting Review (2014) 117--141.
date_created: 2018-07-25T07:53:11Z
date_updated: 2022-01-06T06:59:30Z
department:
- _id: '189'
issue: '1'
jel:
- H2
- M41
keyword:
- Challenge of Assessing
- Tax Purposes
language:
- iso: eng
page: 117--141
publication: European Accounting Review
status: public
title: The challenge of assessing the market value of private companies using a standardised
combination method for tax purposes--Lessons to be learnt from past experience
type: journal_article
user_id: '48187'
year: '2014'
...
---
_id: '5108'
abstract:
- lang: eng
text: 'This study integrates the government in the context of company valuation.
Our framework allows to analyze and to quantify the risk-sharing effects and conflicts
of interest between the government and the shareholders when firms follow different
financial policies. We provide novel evidence that firms with fixed future levels
of debt might invest more than socially desirable. Economically, this happens
if the gain in tax-shields is big enough to outweigh the loss in the unlevered
firm value. Our findings have implications for the practice of investment subsidy
programs provided by the government to avoid fostering investments beyond the
socially optimal level. '
article_type: original
author:
- first_name: Daniel
full_name: Kreutzmann, Daniel
last_name: Kreutzmann
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Christian
full_name: Mueller, Christian
last_name: Mueller
citation:
ama: Kreutzmann D, Sievers S, Mueller C. Investment distortions and the value of
the government’s tax claim. Applied Financial Economics (VHB-JOURQUAL 4 Ranking
C). 2013;23(11):977-989. doi:10.1080/09603107.2013.786161
apa: Kreutzmann, D., Sievers, S., & Mueller, C. (2013). Investment distortions
and the value of the government’s tax claim. Applied Financial Economics (VHB-JOURQUAL
4 Ranking C), 23(11), 977–989. https://doi.org/10.1080/09603107.2013.786161
bibtex: '@article{Kreutzmann_Sievers_Mueller_2013, title={Investment distortions
and the value of the government’s tax claim}, volume={23}, DOI={10.1080/09603107.2013.786161},
number={11}, journal={Applied Financial Economics (VHB-JOURQUAL 4 Ranking C)},
publisher={Taylor \& Francis}, author={Kreutzmann, Daniel and Sievers, Sönke
and Mueller, Christian}, year={2013}, pages={977–989} }'
chicago: 'Kreutzmann, Daniel, Sönke Sievers, and Christian Mueller. “Investment
Distortions and the Value of the Government’s Tax Claim.” Applied Financial
Economics (VHB-JOURQUAL 4 Ranking C) 23, no. 11 (2013): 977–89. https://doi.org/10.1080/09603107.2013.786161.'
ieee: 'D. Kreutzmann, S. Sievers, and C. Mueller, “Investment distortions and the
value of the government’s tax claim,” Applied Financial Economics (VHB-JOURQUAL
4 Ranking C), vol. 23, no. 11, pp. 977–989, 2013, doi: 10.1080/09603107.2013.786161.'
mla: Kreutzmann, Daniel, et al. “Investment Distortions and the Value of the Government’s
Tax Claim.” Applied Financial Economics (VHB-JOURQUAL 4 Ranking C), vol.
23, no. 11, Taylor \& Francis, 2013, pp. 977–89, doi:10.1080/09603107.2013.786161.
short: D. Kreutzmann, S. Sievers, C. Mueller, Applied Financial Economics (VHB-JOURQUAL
4 Ranking C) 23 (2013) 977–989.
date_created: 2018-10-31T07:50:58Z
date_updated: 2026-04-09T08:04:59Z
department:
- _id: '275'
doi: 10.1080/09603107.2013.786161
extern: '1'
intvolume: ' 23'
issue: '11'
jel:
- G31
- G32
- H21
- H25
keyword:
- corporate tax claim
- company valuation
- optimal investment
- cost of capital
language:
- iso: eng
main_file_link:
- url: https://www.tandfonline.com/doi/full/10.1080/09603107.2013.786161#.VE5YmBZwmAd
page: 977-989
publication: Applied Financial Economics (VHB-JOURQUAL 4 Ranking C)
publication_status: published
publisher: Taylor \& Francis
status: public
title: Investment distortions and the value of the government's tax claim
type: journal_article
user_id: '115848'
volume: 23
year: '2013'
...
---
_id: '3693'
abstract:
- lang: ger
text: Erbschaftsteuer | Inheritance tax | Steuerreform | Tax reform | Steuerwirkung
| Tax effects | Steuereinnahmen | Tax revenue | Mikrodaten | Microdata | Simulation
| Deutschland | Germany
author:
- first_name: Ralf
full_name: Maiterth, Ralf
last_name: Maiterth
- first_name: Henriette
full_name: Houben, Henriette
last_name: Houben
- first_name: Wiebke
full_name: Broekelschen, Wiebke
last_name: Broekelschen
- 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: Maiterth R, Houben H, Broekelschen W, Müller J, Sureth-Sloane C. Mikroanalytische
Begleitung der Steuerpolitik am Beispiel der Erbschaftsteuerreform. Statistik
und Wissenschaft. 2009:163--183.
apa: Maiterth, R., Houben, H., Broekelschen, W., Müller, J., & Sureth-Sloane,
C. (2009). Mikroanalytische Begleitung der Steuerpolitik am Beispiel der Erbschaftsteuerreform.
Statistik Und Wissenschaft, 163--183.
bibtex: '@article{Maiterth_Houben_Broekelschen_Müller_Sureth-Sloane_2009, title={Mikroanalytische
Begleitung der Steuerpolitik am Beispiel der Erbschaftsteuerreform}, journal={Statistik
und Wissenschaft}, author={Maiterth, Ralf and Houben, Henriette and Broekelschen,
Wiebke and Müller, Jens and Sureth-Sloane, Caren}, year={2009}, pages={163--183}
}'
chicago: Maiterth, Ralf, Henriette Houben, Wiebke Broekelschen, Jens Müller, and
Caren Sureth-Sloane. “Mikroanalytische Begleitung Der Steuerpolitik Am Beispiel
Der Erbschaftsteuerreform.” Statistik Und Wissenschaft, 2009, 163--183.
ieee: R. Maiterth, H. Houben, W. Broekelschen, J. Müller, and C. Sureth-Sloane,
“Mikroanalytische Begleitung der Steuerpolitik am Beispiel der Erbschaftsteuerreform,”
Statistik und Wissenschaft, pp. 163--183, 2009.
mla: Maiterth, Ralf, et al. “Mikroanalytische Begleitung Der Steuerpolitik Am Beispiel
Der Erbschaftsteuerreform.” Statistik Und Wissenschaft, 2009, pp. 163--183.
short: R. Maiterth, H. Houben, W. Broekelschen, J. Müller, C. Sureth-Sloane, Statistik
Und Wissenschaft (2009) 163--183.
date_created: 2018-07-25T07:16:30Z
date_updated: 2022-01-06T06:59:30Z
department:
- _id: '186'
- _id: '189'
- _id: '187'
- _id: '635'
jel:
- H2
- M41
keyword:
- Erbschaftsteuer | Inheritance tax | Steuerreform | Tax reform | Steuerwirkung |
Tax effects | Steuereinnahmen | Tax revenue | Mikrodaten | Microdata | Simulation
language:
- iso: eng
page: 163--183
publication: Statistik und Wissenschaft
status: public
title: Mikroanalytische Begleitung der Steuerpolitik am Beispiel der Erbschaftsteuerreform
type: journal_article
user_id: '67504'
year: '2009'
...