Fostering learner-centered education in the field of taxation.

This project analyses the impact of the Base-Erosion and Profit-Shifting (BEPS) Initiative and the Anti-Tax-Avoidance-Directive (ATAD) against the background of the partner countries' respective national tax systems. Beyond this, the project will address the question, how tax policies can foster innovation and growth. In this project, the University of Antwerp will focus on a theoretical and empirical exploration of the impact of taxation on entrepreneurial risk taking. A model will be developed covering the main elements of the tax systems of the partner countries, including an Allowance for Corporate Equity (ACE) (like in BEL, ITA, LIE) and an interest ceiling rule (GER). This model serves as a theoretical workhorse which allows for an analysis of the economic impact of the BEPS initiative and the ATAD within the context of the respective national tax systems. The focus will be on how an ACE affects risk behavior of entrepreneurs. These behavioral responses can be used to model the behavioral responses to other policy measures that affect the risk-return trade-off for entrepreneurs.

Keywords:CORPORATE FINANCE, RISK, TAXES

Disciplines:Applied economics, Business administration and accounting, Management