• Abusive transfer pricing and economic activity 

      Nielsen, Søren Bo; Schindler, Dirk; Schjelderup, Guttorm (Discussion papers;21/14, Working paper, 2014-05)
      This paper investigates how concealment costs of transfer pricing and the prob- ability of detection affect transfer pricing and firm behavior. We find that transfer pricing in intermediate production factors does not ...
    • Capital structure and international debt shifting: a comment 

      Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper, Working paper, 2008-08)
      In a recent article, Huizinga, Laeven and Nicodème (2008) present a novel model that motivates an extensive empirical analysis of international debt shifting. We point out that the model fails to account for internal ...
    • Capital taxation and imperfect competition : ACE vs. CBIT 

      Brekke, Kurt R.; Pires, Armando José Garcia; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;32/14, Working paper, 2014-11)
      This paper studies the market and welfare effects of two main tax reforms – the Corporate Business Income Tax (CBIT) and the Allowance for Corporate Equity tax (ACE). Using an imperfect-competition model for a small open ...
    • Capital Taxation and Imperfect Competition: ACE vs. CBIT 

      Brekke, Kurt; Pires, Armando José Garcia; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;37/14, Working paper, 2014-11)
      This paper studies the market and welfare effects of two main tax reforms – the Corporate Business Income Tax (CBIT) and the Allowance for Corporate Equity tax (ACE). Using an imperfect-competition model for a small open ...
    • Company tax reform in Europe and its effect on collusive behavior 

      Schindler, Dirk; Schjelderup, Guttorm (Discussion paper, Working paper, 2006-05)
      We study how harmonization of corporate tax systems affects the stability of international cartels. We show that tax base harmonization reinforces collusive agreements, while harmonization of corporate tax rates may ...
    • Competition between bank regulators 

      Schindler, Dirk; Eggert, Wolfgang (Discussion paper, Working paper, 2004-11)
      This paper examines competition between bank regulators in open economies. We use a model where credit demand of firms is endogenous and show any tendency for downward competition in regulation policy is limited by the ...
    • Debt Shifting and Thin-Capitalization Rules – German Experience and Alternative Approaches 

      Ruf, Martin; Schindler, Dirk (Journal article; Peer reviewed, 2015)
      This paper presents the general design of thin-capitalization rules and summarizes the economic effects of such rules as identified in theoretical models. We review empirical studies providing evidence on the experience ...
    • Development and Effectiveness of Controlled-Foreign-Company Rules : Empirical evidence from European multinational companies 

      Mozule, Laura; Rezevska, Laura (Master thesis, 2016-09-02)
      This thesis studies the development of CFC rules and assesses the effect that CFC rules have on capital structure decisions of MNCs. CFC rules are an anti-taxavoidance measure that aims to prevent profit shifting. If CFC ...
    • Double tax discrimination to attract FDI and fight profit shifting: The role of CFC rules 

      Haufler, Andreas; Mardan, Mohammed; Schindler, Dirk (Working papers;2017/01, Working paper, 2017)
      Governments worldwide use targeted tax policies to trade off the gains from increased FDI against the cost of excessive profit shifting by multinational firms. We show that optimal tax systems generally incorporate both ...
    • First-best optimality in capital income taxation 

      Hilgers, Bodo; Schindler, Dirk (Discussion paper, Working paper, 2004-10)
      In case of risk, especially aggregate risk which cannot be insured, the literature states that for achieving first-best optimality state-dependent lumpsum taxes are absolutely necessary. However, we show in a two-asset ...
    • Harmonization of Corporate Tax Systems and its Effect on Collusive Behavior 

      Schindler, Dirk; Schjelderup, Guttorm (Discussion paper, Working paper, 2007-01)
      We study how harmonization of corporate tax systems affects the stability of international cartels. We show that tax base harmonization reinforces collusive agreements, while harmonization of corporate tax rates may ...
    • Harmonization of corporate tax systems and its effect on collusive behavior 

      Schindler, Dirk; Schjelderup, Guttorm (Working paper, Working paper, 2006-10)
      We study how harmonization of corporate tax systems affects the stability of international cartels. We show that tax base harmonization reinforces collusive agreements, while harmonization of corporate tax rates may ...
    • Human capital, multiple income risk and social insurance 

      Schindler, Dirk (Discussion paper, Working paper, 2008-09)
      We set up an OLG-model, where households both choose human capital investment and decide on investing their endogenous savings in a portfolio of riskless and risky assets, exposing them to (aggregate) wage and capital risks ...
    • Immobilizing Corporate Income Shifting: Should It Be Safe to Strip in the Harbor? 

      Gresik, Thomas A.; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;31/15, Working paper, 2015-11-18)
      Many subsidiaries can deduct interest payments on internal debt from their taxable income. By issuing internal debt from a tax haven, multinationals can shift income out of host countries through the interest rates they ...
    • Income Shifting under Losses 

      Hopland, Arnt O.; Lisowsky, Petro; Mardan, Mohammed; Schindler, Dirk (Discussion paper;21/15, Working paper, 2015-09-16)
      This paper examines the flexibility of multinational firms to use income-shifting strategies within a tax year to react to operating losses. We develop a theoretical model that considers how affiliate losses can be ...
    • International Debt Shifting: The Value Maximizing Mix of Internal and External Debt 

      Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; Bakke, Julia Tropina (Discussion paper;1/19, Working paper, 2019-03-29)
      We study the capital structure of multinationals and expand previous theory by incorporating international debt tax shield effects from both internal and external capital markets. We show that: (i) multinationals' firm ...
    • Multinationals, minority ownership and tax-efficient financing structures 

      Schindler, Dirk; Schjelderup, Guttorm (Discussion paper, Working paper, 2008-10)
      We model how multinationals structure their borrowing and lending transactions and find that affiliates in high-tax countries have higher internal and overall debt ratios and lower rental rates of physical capital than ...
    • Optimal income taxation with a risky asset : the triple income tax 

      Schindler, Dirk (Discussion paper, Working paper, 2004-06)
      We show in a two-period world with endogenous savings and two assets, one of them exhibiting a stochastic return that an interest adjusted income tax is optimal. This tax leaves a safe component of interest income tax ...
    • Profit-shifting in two-sided markets 

      Schindler, Dirk; Schjelderup, Guttorm (Discussion paper, Working paper, 2009-04)
    • Taxing Royalty Payments 

      Juranek, Steffen; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;16/16, Working paper, 2016-09-16)
      The digital economy is characterized by the use of intellectual property such as software, patents and trademarks. The pricing of such intangibles is widely used to shift profits to low-tax countries. We analyze the role ...