This paper analyzes a two-country model with an international investor considering acquisitions of already existing target firms in a high-tax country and a low-tax country. The investor is able to shift profits from one location to another for tax saving purposes. Two systems of corporate taxation are compared, a system with separate accounting and a system with tax base consolidation and form...

In this paper, we consider optimal tax enforcement policy in the presence of pro…t shifting towards tax havens. We show that, under separate accounting, tax enforcement levels may be too high due to negative …scal externalities. In contrast, under formula apportionment, tax enforcement is likely to be too low due to positive externalities of tax enforcement. Our results challenge recent contrib...

This paper proposes the introduction of a consumption-based corporate income tax in the European Union. Our proposal would guarantee neutrality regarding investment decisions and at the same time increase cost-efficiency. The proposal is based on the S-base cash flow tax, where transactions within the corporate sector are not at all taxable and only transactions between shareholders and corpora...

This study investigates the effect of accounting conservatism on corporate tax avoidance listed non-financial firms in Nigeria. computes based cash effective rate (CETR), GAAP (GETR) and book difference (BTD). Accounting was measured using negative accruals. The employed an ex-post factor research design utilizing unbalanced panel data. covered 48 during period between 2014 2020. Three regressi...