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