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Accounting

New accounting data have been reported by R. Pethig and co-authors

Published in Healthcare Finance, Tax and Law Weekly, December 19th, 2007

"We analyze corporate income tax competition with international capital mobility when the common tax base is allocated to governments according to an apportionment formula. Labor can be either internationally mobile or immobile," scientists in Hannover, Germany report.

"We compare the Nash equilibria for different apportionment methods. Tax competition produces lower tax rates the more elastically the formula share responds to tax rate changes. More specifically, equilibrium tax rates are typically lowest when apportionment is based on property-shares, followed by payroll- and sales-shares apportionment," wrote R. Pethig and colleagues.

The...

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