Part 1 - AL-Tax

IndexCorporationsmultinational corporations (MNCs), 5,9, 20, 40–1, 47–68securitization, 7, 99–110Corruption, 9, 287, 293–306, 313–22Cost of capital, 14–17, 27–8, 181, 183,328–9Cost of debt, 328–9Cost of production approach, effective taxrates (ETRs), 31–6Covariance, 28, 57–8Credit cards, money laundering, 315,320–1Creditworthiness factors, securitization,99–110Cross-border EU loss relief, 190–2, 198,222–4, 231–3Cross-border savings income, 8, 241–62Crowe, Martin, 293, 294–5, 297Cunha, Alexandre B., 9, 339–54Customs duties, 5Customs unions, 5, 7, 173–4, 341see also European UnionCyprus, 184–91, 212–33, 255Czech Republic, 184–91, 212–33, 255,270–86Database-driven margin analysis, 149–52,155, 160–9DCFs see Discounted cash flowsDebt, securitization, 105–10Debt finance, 18–20, 22, 99–100, 193–4,221–4, 228–34, 253–61, 319, 328Debt shifting, 193–4Debt/equity ratio, 221–2, 228–32Declining-balance depreciation formula,18Denmark, 184–91, 212–33, 255–9Depreciation, 13–18, 31, 117, 328–36Developing economies see EmergingnationsDevereux, M., 20, 21–4, 28, 34–6,214–15Diamond–Mirrlees theorem, 243, 247–8Dirty money, 313–15see also Money launderingDiscount rates, 15–17, 18–19, 325–36Discounted cash flows (DCFs), 325–36Divergence factors, capital-taxcompetition, 48–50Dividends, 19–20, 39–40, 220–34, 254,260–1, 326–36Dixit, A., 25–6, 37Documentation, transfer pricing, 7,115–16, 120, 131, 147–69, 192–4Domestic systems, 8, 45–68, 197, 215–16,223–4, 232–4, 241–62, 314Double taxation, 20, 40–1, 117, 118,123–4, 131, 188–9, 192, 199, 217–24,232–3, 327Drug trafficking, money laundering,313–14Due diligence, 122Earnings before interest and tax (EBIT),328–9Eastern European EU members, 6EBIT see Earnings before interest and taxEC Treaty, 176–8, 190–1ECOFIN Meetings, 176, 185, 189–90Economic activities, effective tax rates(ETRs), 13–35, 328–9Economic analysis, 8, 167, 241–62Economic conditions, Advance PricingAgreements (APAs), 133–41Economic costs, money laundering, 9,313–22Economic depreciation, 13–18, 31, 117Economic growth, 5–6, 29, 30, 47, 62,173–9, 183–6, 197–8, 255–6, 269,282, 347–52Economic rents, projects, 22–8, 36358