Business, taxation and welfare

Lead Research Organisation: University of Oxford
Department Name: Said Business School

Abstract

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Title Competitiveness of the UK tax system and how sensitive taxable income is to the tax rate 
Description Michael Devereux, Director of the Centre for Business Taxation, talks about three of his working papers including the competitiveness of the UK tax system and how sensitive taxable income is to the tax rate. 
Type Of Art Film/Video/Animation 
Year Produced 2012 
 
Description The main elements of the research programme were built around three broad questions:

1. What are the effects of taxes on business behaviour?
2. What are the effects of business behaviour on social welfare?
3. How do, and should, governments design and administer business taxes?

As a precursor to considering the first question, we developed a database of parameters of tax systems in countries in 43 countries the period 1983 to 2012. These data have been invaluable in undertaking empirical research based on cross-country variation in taxation, and they have been made freely available to, and have been used by, other researchers.

We have studied empirically the effects of taxation of the location and ownership of assets, and the location of declared profits. Examples include the following.

• The effects of taxation on the location of targets in acquisitions (Arulampalam et al, 2012a). In principle, these effects could be in either direction, although this paper finds a negative effect of the corporation tax rate in the host country on the probability of a target being located there.
• The effects of taxation on the location of corporate headquarters (Voget, 2011). This paper provides evidence that this depends on whether a potential host country seeks to tax the worldwide income of multinationals that are headquartered domestically, or to tax only income generated domestically. This is also related to other research which seeks to identify whether companies headquartered in countries with a worldwide system actually have higher aggregate tax liabilities (Maffini, 2012). This paper finds that they do, but that the higher liabilities do not arise because of the tax base but rather because countries that tax worldwide income also tend to have higher tax rates.
• The effects of taxation on the location of patent ownership (Karkinsky and Riedel, 2012). As expected these effects are particularly large, since patents, as a form of intangible intellectual property, might be expected to be extremely mobile. Since the international system taxes the return to intellectual property in the place where it is owned, there is a significant incentive for businesses to locate such assets in low-tax jurisdictions.
• The effect of taxation in one country on the investment by a multinational in another, where the company operates in both countries. Dischinger and Riedel (2011) find that investment in the two locations in complementary: so a rise in tax in one country tends to reduce investment in both countries.
• Other research (Simpson, 2012a, 2012b) examines the impact of outbound investment on activity at home in more detail, and finds a more complex relationship. This research focuses particularly on outbound investment which seeks to take advantage of low wages abroad: such investment is associated with lower growth in low-skill activities at home.
• An important question is the extent to which location decisions ultimately affect the level of capital expenditure in an economy. Bond and Xing (2012) investigate the determinants of the aggregate capital stock directly. They do find a significant effect of corporate taxation; however, they find that the relevant form of taxation is the effective marginal tax rate, through the cost of capital. This calls into question the extent to which discrete location choices made by multinationals (which theory and evidence suggest are determined by an effective average tax rate) are important for the aggregate capital stock.
• The role of uncertainty in tax liabilities (Blouin, et al, 2012). This paper uses detailed, hand-collected, information in US financial accounts which provides estimates of the extent of uncertainty over the company's tax position. Greater uncertainty (in this case probably associated with more aggressive tax planning) tends to reduce investment.
• The effects of a subsidy to investment in a more uncertain environment (Devereux, Lockwood, Fuest, 2012). Evidence from a laboratory experiment indicate that subsidies become less effective with greater uncertainty; this is problematic to the extent that governments may wish to encourage investment more in periods of greater uncertainty, such as in periods of downturn.

We have also undertaken empirical studies on the effective incidence of corporation tax, that is, who ultimately end up bearing the cost of the tax.

• Arulampalam et al (2012b) pioneer a novel approach by directly estimating how far the wage bill of a company was dependent on its tax liability. Controlling for other factors, this paper distinguishes a measure of the "direct" incidence of the tax from the overall incidence. The paper finds that a large proportion of any additional revenue from a tax rate increase is borne by the labour force. This is independent of any effect through the capital stock and hence through the value added generated by the firm.
• Liu and Altshuler (2013) identify the effective incidence of corporation tax from variation in effective marginal tax rates in the US across industries and time. They too find that labour bears a significant part of the burden of the corporation tax, with an effect of a similar order of magnitude to Arulampalam et al. (2012b)
• Peichl et al (2012) use a rich administrative employer-employee linked panel to examine the incidence of the German business tax, exploiting variation in 11,500 municipalities. With these data, this paper is able to identify that low-skilled workers share a relatively high part of the tax burden.

An important issue in the development of taxes on business profit over the last few decades has been the extent to which countries compete with each other, and whether coordination would improve social outcomes. We have investigated this theoretically and empirically.

• Becker and Fuest (2010, 2011 and 2012) address a number of questions theoretically. In the context of EU regional policy, they demonstrate that coordination of investment in reducing infrastructure costs for transport within EU countries enhances welfare and mitigates tax competition. They also consider tax competition when there are two types of investment, greenfield investment and mergers and acquisitions. They show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where there is only greenfield investment. They also analyse a model where a multinational firm may shift profits to a low-tax country. Tightening anti-avoidance rules may reduce the income shifted to the low-tax country, but paradoxically induces the low-tax country to engage in more aggressive tax rate competition.
• Becker and Riedel (2012) consider the case of multinational companies where, in accordance to their empirical results mentioned above, investment abroad is complementary to investment at home. In this setting, the complementarities of headquarters and affiliate production may actually reduce the pressure from international tax competition. In related work, Krautheim and Tim Schmidt-Eisenlohr (2011) consider the impact of heterogeneity across multinational firms in the presence of tax havens. In their model, they show that a higher degree of firm heterogeneity increases the degree of tax competition.
• Our empirical work indicates that reducing other barriers between countries tends to exacerbate tax competition. Davies and Voget (2008) show that the enlargement of the EU led member states to respond more aggressively to the tax rates of other members. In the context of the Single Market in 1993, Lockwood and Migali (2009) find evidence for increased competition for alcohol products, though not for cigarettes.
• By contrast, Loretz and Moore (2013) find significant evidence that there is also competition between companies in tax payments, as companies trade off potential savings in taxes from greater avoidance against potential reputational costs.

We have made a number of contributions to the design of taxes on business, again with both theoretical contributions and empirical assessments of specific policy options.

• Bettendorf et al (2010, 2011) present empirical estimates of the likely impact of the introduction of the European Commission's proposal for a "common consolidated corporate tax base" (CCCTB). This is based on a computable general equilibrium model which estimates the impact of the potential tax reform on the economies of each of the 27 member states. Broadly, the papers suggest that the economic benefits of harmonising the system in this way are likely to be small, and even negative for some countries.
• Devereux and de Mooij (2011) use a similar approach to analyse options for removing the tax advantage to use debt finance. They find that the effects depend on whether the tax rate needs to rise to compensate to preserve total revenue; this crucially affects the incentive for one country to introduce such a reform unilaterally.
• We have investigated the optimal tax treatment of international profit in the presence of cross-border mergers and acquisitions (Becker and Fuest, 2011a and 2010c). These authors also address the issue of how far interest deductibility should be limited when the government aims to tax only profit generated domestically (Becker and Fuest, 2010b).
• Another paper examines the fundamental basis of the way in which the current international tax system allocates profit between countries - the arm's' length price (Devereux and Keuschnigg, 2013). This paper points out that such an approach has no logical foundation, and can lead to significant distortions to international allocations of economic activity and tax revenues.
• Many have recently called for greater transparency by multinationals in reporting their tax affairs. This was addressed by a study group chaired by Michael Devereux containing participants from business, NGOs and the OECD (Devereux study group, 2011). This study could not identify significant benefits from greater transparency, mainly due to the complexity of the existing international tax regime.
• De la Feria has contributed a stream of legal papers on the appropriate form of VAT. Her 2009 book addressed a large number of issues concerning the practice and design of VAT in an EU setting. Later papers addressed a number of issues, such as partial exemption, the place of supply, and the treatment of public sector bodies.
• de la Feria and Lockwood (2010) evaluate and cost the European Commission's proposals to allow financial service companies to "opt in" to VAT. In a number of other papers on the taxation of financial services, Devereux (2011, 2013) explores various options for taxing banks, including the bank levy introduced by the UK after the financial crisis, and Vella et al (2011) strongly criticises the European Commission's proposals for a new financial transactions tax.
• In related work de la Feria and Fuest (2011) address the consequences of decisions made by the Court of Justice of the European Union. Although these are generally intended to move the EU closer towards a single market, this paper questions whether they succeeded in this aim, or even worsened the existing situation.

A final important area of research is the administration of tax, and how authorities should deal with tax avoidance.

• One important strand of research in this area is an analysis of the legal judgments of the doctrines of Court of Justice of the European Union, and whether member states can rely on the principle of "prohibition of abuse of law". Papers from a conference hosted by the Centre on this issue were published as de la Feria and Vogenauer (2011). Other researchers also contributed to this volume (Freedman, 2011b and Vella, 2011b).
• A related important theme has been the value of a "General Anti-Avoidance Rule" (GAAR). Freedman (2012, 2011a, 2011c, 2010a) has been particularly influential on the UK decision in 2012 to adopt such a rule.
• Another key strand of research has been on the structure of tax administration in the UK, and the lessons that can be learned by other countries. This was addressed in a number of papers, for example, (Freedman et al, 2009, 2010, 2012), which drew on a qualitative interview survey of a number of tax directors of major companies. The papers broadly welcome the UK approach, but note significant concerns with the discretion of HMRC and the rule of law. These issues were also covered in second edited book containing papers from another conference hosted by the Centre, Evans, Freedman and Krever (2011).
• Finally, in theoretical work, Damjanovic and Ulph (2009) and Ulph (2009) address the optimal response to marketed tax avoidance schemes, comparing various measures that authorities could take, including requiring greater disclosure, and imposing penalties.
Exploitation Route Four issues on which this project's research has had some impact are as follows:

1. Contribution to introduction of a UK GAAR

In December 2012, the Chancellor of the Exchequer announced that the government would introduce a "General Anti-Abuse Rule" into UK law, as a way of combating egregious tax avoidance practices. Judith Freedman, a co-investigator of this grant, has been instrumental in the journey towards its introduction. She has conducted path-breaking and influential work on this topic, most recently as part of the research of this programme.

2. Potential for EU harmonisation of business taxes

The European Commission has a proposal to introduce a "common consolidated corporate tax base (CCCTB)", under which a European company would only be required to identify its EU-wide profit, rather than the profit that it makes in each individual member state. The Commission invited the Centre for Business Taxation to undertake research to analyse the likely impact if such a proposal were implemented. The work for this impact assessment drew on ESRC-funded joint work with the CPB in the Netherlands, and published in Economic Policy (Bettendorf et al, 2010). We developed a model of investment flows between member states in the EU which permitted an analysis of the effects of differences in effective and statutory tax rates in member states on investment, employment, profit shifting and economic growth in each country. The results suggested that the economic benefits of introducing the harmonised system are likely to be small.

3. Contribution to the design of VAT policy

Research undertaken by Rita de la Feria has made a significant contribution to the development and design of VAT policy, and has been cited several times in judgements by important courts including the Court of Justice of the European Union. In addition, in 2011, de la Feria was appointed as VAT Policy Adviser to the Portuguese Government with responsibility to assist with forthcoming and ongoing VAT reforms. In particular, drawing on her own research, she designed new reforms to the Portuguese VAT, in line the terms of Portuguese bail-out agreement.

4. Contribution to debates on taxation of financial services

We have made a number of contributions to the ongoing debate on the taxation and regulation of the financial sector. We have published a paper in the British Tax Review on the proposals of the European Commission to introduce a financial transactions tax (FTT), which points out the discrepancies between the proposals and the Commission's own impact assessment. John Vella has discussed this issue widely, in many policy conferences around Europe.
Sectors Government, Democracy and Justice
URL http://www.sbs.ox.ac.uk/ideas-impact/tax
 
Description Four issues on which this project's research has had some impact are as follows: 1. Contribution to introduction of a UK GAAR In December 2012, the Chancellor of the Exchequer announced that the government would introduce a "General Anti-Abuse Rule" into UK law, as a way of combating egregious tax avoidance practices. Judith Freedman, a co-investigator of this grant, has been instrumental in the journey towards its introduction. She has conducted path-breaking and influential work on this topic, most recently as part of the research of this programme. 2. Potential for EU harmonisation of business taxes The European Commission has a proposal to introduce a "common consolidated corporate tax base (CCCTB)", under which a European company would only be required to identify its EU-wide profit, rather than the profit that it makes in each individual member state. The Commission invited the Centre for Business Taxation to undertake research to analyse the likely impact if such a proposal were implemented. The work for this impact assessment drew on ESRC-funded joint work with the CPB in the Netherlands, and published in Economic Policy (Bettendorf et al, 2010). We developed a model of investment flows between member states in the EU which permitted an analysis of the effects of differences in effective and statutory tax rates in member states on investment, employment, profit shifting and economic growth in each country. The results suggested that the economic benefits of introducing the harmonised system are likely to be small. 3. Contribution to the design of VAT policy Research undertaken by Rita de la Feria has made a significant contribution to the development and design of VAT policy, and has been cited several times in judgements by important courts including the Court of Justice of the European Union. In addition, in 2011, de la Feria was appointed as VAT Policy Adviser to the Portuguese Government with responsibility to assist with forthcoming and ongoing VAT reforms. In particular, drawing on her own research, she designed new reforms to the Portuguese VAT, in line the terms of Portuguese bail-out agreement. 4. Contribution to debates on taxation of financial services We have made a number of contributions to the ongoing debate on the taxation and regulation of the financial sector. We have published a paper in the British Tax Review on the proposals of the European Commission to introduce a financial transactions tax (FTT), which points out the discrepancies between the proposals and the Commission's own impact assessment. John Vella has discussed this issue widely, in many policy conferences around Europe.
First Year Of Impact 2009
Sector Government, Democracy and Justice
Impact Types Economic,Policy & public services
 
Description Decision of Slovenian Supreme Court, on the constitutionality of Slovenian VAT transposing legislation, cites Professor Rita de la Feria's work on the shared nature of EU VAT competence
Geographic Reach Asia 
Policy Influence Type Citation in other policy documents
 
Description Decision of Swedish Supreme Administrative Court, on VAT avoidance / fraud, cites Professor Rita de la Feria's work on abuse of law
Geographic Reach Asia 
Policy Influence Type Citation in other policy documents
 
Description Irish Supreme Court judgement O'Flynn Construction v Revenue Commissioners
Geographic Reach Multiple continents/international 
Policy Influence Type Citation in other policy documents
Impact http://www.courts.ie/__80256F2B00356A6B.nsf/0/CCCFF4B154DF8EDC8025796600444A81?Open Prof Judith Freedman is quoted by the Irish Surpreme Court in the application of its GAAR.
 
Description Latvian Administrative District Court of Valnieran, Noraksts, Case A42-01902-13/46, cites Professor Rita de la Feria's work on abuse of law
Geographic Reach Asia 
Policy Influence Type Citation in other policy documents
 
Description "Using these powers too often or too seldom" : the "care and management" of taxes and the settlement of tax disputes in New Zealand and the United Kingdom 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar discussing the care and management of taxes and the settlement of tax disputes in New Zealand and the United Kingdom
Year(s) Of Engagement Activity
 
Description A GAAR for the UK : finding the balance 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Addresses the topic of a GAAR for the UK. Presented at The UK Oil Industry Tax Committee Annual Away Day 2012 http://www.velaw.com/resources/UKOITCAnnualAwayDay2012.aspx

http://www.velaw.com/resources/UKOITCAnnualAwayDay2012.aspx
Year(s) Of Engagement Activity 2012
URL http://www.velaw.com/resources/UKOITCAnnualAwayDay2012.aspx
 
Description A blueprint for reform of traditional VAT regimes 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact The Seminar is part of a program for the development of research on International and European Tax Law (Ana Paula Dourado / José Almeida Fernandes/Gustavo Lopes Courinha) and is open to all interested parties. The Seminar will be held in English.
Year(s) Of Engagement Activity
 
Description A blueprint for reform of traditional VAT systems 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses VAT reform possibilities.
Year(s) Of Engagement Activity
 
Description A general anti-avoidance rule (GAAR) for the UK? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Part of series of Lisbon International and European Tax Law Seminars, University of Lisbon
Year(s) Of Engagement Activity
 
Description A new design for the corporate income tax 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact A seminar on the various ways a corporate income tax can be designed and the pros and cons of each option.
Year(s) Of Engagement Activity
 
Description A viable alternative to BEPS? Designing a Destination-Based Corporate Tax. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation given by Professor Rita de la Feria, a programme director at the Oxford University Centre for Business Taxation, on 'A viable alternative to BEPS? Designing a Destination-Based Corporate Tax'.
Year(s) Of Engagement Activity
 
Description Abuse of law in tax law: national, European and international perspectives 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar on 'Abuse of law in tax law: national, European and international perspectives' given by Professor Rita de la Feria, a programme director at the Oxford University Centre for Business Taxation.
Year(s) Of Engagement Activity
 
Description Administration and effectiveness of HM Revenue and Customs : closing the tax gap 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Recorded speech on closing the tax gap.
Year(s) Of Engagement Activity 2012
URL http://www.parliamentlive.tv/Main/Player.aspx?meetingId=8755 http://www.publications.parliament.uk/...
 
Description An optimal tax system 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar examining an optimal tax system
Year(s) Of Engagement Activity
 
Description Anti-abuse tax rules : a UK perspective 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discussion of anti-avoidance rules in the UK.
Year(s) Of Engagement Activity
 
Description Anti-abuse tax rules : a global perspective 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discussion of anti-avoidance tax regimes across the world.
Year(s) Of Engagement Activity
 
Description Anti-abuse tax rules : a global perspective 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discussion of anti-avoidance tax regimes across the world.
Year(s) Of Engagement Activity
 
Description Are we heading towards a corporate tax system fit for the 21st century? 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact According to the OECD, "base erosion constitutes a serious risk to tax revenues, tax sovereignty and tax fairness for OECD members countries and non-members alike a significant cause of base erosion is profit shifting". Although there has been discontent with the existing framework for many years, considerable impetus has been given to the OECD BEPS project by the G8 and the G20. OECD rhetoric includes statements such as "BEPS offers a global roadmap that will allow governments to collect the tax revenue they need to serve their citizens. It also gives businesses the certainty they need to invest and grow", and that this is a "once in a century" opportunity to reform the international tax system. It is clear that the OECD intends to propose evolutionary, rather than revolutionary, reforms. But it is not at all clear that such an approach will generate an international tax system fit for the 21st century. It is not only the practical working of the system that is in doubt, but its conceptual basis. A lack of a good conceptual basis means that reforms may be piecemeal and arbitrary.



This talk addressed fundamental issues of principle and practice in the allocation of profits for taxation. It questioned the conceptual basis of the existing OECD framework, discussed the BEPS action plan, and considered other potential methods of allocating taxing rights between countries, including methods based on residence, destination and formula apportionment. This lecture was organised by the ESRC Centre for the Microeconomic Analysis of Public Policy at IFS and the Chartered Institute of Taxation (CIOT) and was designed to promote serious debate among policy-makers, opinion-formers and the wider tax and economic communities. Stephen Coleclough, CIOT, opened the event. Following the lecture, there was a panel debate with Paul Johnson, IFS (chair), Bill Dodwell, Deloitte and Nicholas MacPherson, Permanent Secretary, HM Treasury.
Year(s) Of Engagement Activity 2013
 
Description Back to basics : basic research spillovers, innovation policy and growth 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presented at event titled 'Design and impact of tax reform'. This paper introduces endogenous technical change through basic and applied research

in a growth model. Basic research differs from applied research in two signi_cant ways.

First, signi_cant advances in technological knowledge come through basic research rather

than applied research. Second, these signi_cant advances could potentially be applicable

to multiple industries. Since these applications are not immediate, the innovating _rm

cannot exploit all the bene_ts of the basic innovations for production. We analyze the

impact of this appropriability problem on _rms' basic research incentives in an endogenous

growth framework with private _rms and a public research sector. After characterizing

the equilibrium, we estimate our model using micro level data on research expenditures

and behavior by French _rms. We quantitatively _nd that the competitive equilibrium

features too little basic research and too much applied research investment. We show that

uniform R&D subsidy to private _rms does not improve welfare due to cross-subsidization

of overinvested applied research. Optimal type-dependent policy dictates positive subsidy

for private basic research and negative subsidy on applied research. We also _nd a strong

complementarity between the property rights of the public researcher and optimal public

funding of basic research. Our analysis highlights the need for crafting policies that directly

target basic research.
Year(s) Of Engagement Activity
 
Description Back to basics : private and public investment in basic R&D and macroeconomic growth 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact This paper introduces endogenous technical change through basic and applied research in a growth model. We analyze the impact of the well-known appropriability problem on firms' basic and applied research incentives in an endogenous growth framework with private firms and an academic sector. After characterizing the equilibrium, we estimate our model using micro level data on research expenditures and behavior by French firms. We then decompose the aggregate growth by the source and type of innovation. Moreover, we quantitatively document the size of the underinvestment in basic research and consider various research policies to alleviate this inefficiency.
Year(s) Of Engagement Activity
 
Description Back to basics : private and public investment in basic research and macroeconomic growth 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar on private and public investment in basic research and macroeconomic growth
Year(s) Of Engagement Activity
 
Description Beer excise taxation and market concentration 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Examines beer excise taxation and market concentration
Year(s) Of Engagement Activity
 
Description Business bemoans lack of understanding as row about UK corporate tax intensifies 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact This article comments on Marks & Spencer as being the latest UK firm named as using Irish operation to reduce its UK tax bill, noting that Michael Devereux, Director of the Oxford University Centre for Business Taxation, recently mused about the identity of the next company that would face public opprobrium over the size of its corporate tax payments and the rules it uses to reduce them. "I had wondered who it would be. But is anybody going to boycott life-saving drugs that are made by Novartis or GlaxoSmithKline if they were to use similar tax arrangements?" Devereux told a conference at King's College, London.

The Irish Times
Year(s) Of Engagement Activity 2013
URL http://www.irishtimes.com/business/business-bemoans-lack-of-understanding-as-row-about-uk-corporate-...
 
Description Business tax incentives 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation given by Professor Steven Bond, Programme Director at the Oxford University Centre for Business Taxation, on 'Business tax incentives' at the ECFIN Taxation Workshop:'The use of tax expenditures in times of fiscal consolidation', European Commission, DG ECFIN, Brussels, on 23rd October 2013. Professor Bond also participated in the closing panel discussion for the Workshop.
Year(s) Of Engagement Activity
 
Description Business tax: public debate and future trends 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Business taxation is at the heart of the political agenda. The 2014 G20 agenda notes that "in recent years international tax laws have failed to keep pace with changes in the global business environment, particularly with the rapid growth of the global economy, meaning that multinational corporations aren't necessarily taxed the way they should be".



In the UK and elsewhere in Europe, and the USA, austerity has resulted in a heightened focus on collecting revenues from business and there is an active debate on business taxation in the media, legislatures and from NGOs and the public. The OECD Base Erosion and Profit Shifting Action Plan seeks to address these concerns. At the same time, corporation tax rates are falling worldwide and many governments are seeking to keep their tax systems competitive.



Professor Judith Freedman, Director of Legal Research at the Oxford University Centre for Business Taxation, gave a UK and European perspective on the debate and then discussed this, together with the view from Hong Kong and China, with a panel of experts including Professor Richard Cullen, Wilson Chow and Dr Doreen Qiu.
Year(s) Of Engagement Activity 2014
 
Description CBT Tax database 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact This is the data on corporate income tax systems that has been collected by the Oxford University Centre for Business Taxation and is now made publicly available on the CBT website. The briefing note (see http://www.sbs.ox.ac.uk/centres/tax/Pages/Reports.aspx), which refers to the state of the database as of July 2012, provides detailed information on all the variables available, the country and year coverage. Since the development of the database is ongoing, more information will become available over time (see http://www.sbs.ox.ac.uk/centres/tax/Pages/Reports.aspx for further updates in the future). The information in this database for the years 2002 - 2012 has been used in the CBT Corporate Tax Ranking 2012. The database includes raw data variables such as corporate tax rates, aspects of the legal definition of the corporate tax base (depreciation rates and types), and inventory valuation methods. It also includes measures of EATRs and EMTRs as used in the CBT Corporate Tax Ranking 2012. The database covers G20 and OECD countries over the period 1983 - 2012 (in some case 1979 - 2012).
Year(s) Of Engagement Activity 2012
 
Description Cameron richiama i suoi paradisi 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Italian article providing comment on London looking for a way to reconcile the conflict between avoidance and the desire to keep the country attractive for business, which includes comment by Dr Giorgia Maffini, Researcher at the Oxford University Centre for Business Taxation.

Il Sole 24 Ore
Year(s) Of Engagement Activity 2013
URL http://www.banchedati.ilsole24ore.com/doc.get?uid=sole-SS20130521015CAA
 
Description Can taxes tame the banks? Capital structure responses to bank levies 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact In the wake of the financial crisis, a number of countries have introduced Pigouvian levies on bank liabilities associated with systemic risk. We study how the levies have affected bank capital structure using a rich panel dataset for European banks. Our results suggest that the levies have caused an average increase in equity-asset ratios of around 1-1.5 percentage points driven by increases in stocks of equity rather than contractions of the balance. Our results also lend support to the theoretical prediction that levies induce banks to hold more risky assets when the regulatory capital requirement is binding.
Year(s) Of Engagement Activity 2013,2014
 
Description Can taxes tame the banks? Evidence from European bank levies 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Presentation given by Professor Michael Devereux, Centre Director of the Oxford University Centre for Business Taxation, and Dr John Vella, Senior Research Fellow at the Oxford University Centre for Business Taxation, to senior HMRC/HMT officials at HM Revenue & Customs, London.

Section not completed
Year(s) Of Engagement Activity 2014
 
Description Can taxes tame the banks? Evidence from European bank levies. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar given by Professor Michael Devereux, Centre Director of the Oxford University Centre for Business Taxation, on the CBT Working Paper 13/25, 'Can taxes tame the banks? Evidence from European bank levies', by Michael Devereux, Niels Johannesen and John Vella. In the wake of the financial crisis, a number of countries have introduced levies on bank borrowing with the aim of reducing risk in the financial sector. This paper studies the behavioural responses to the bank levies and evaluates the policy. We find that the levies induced banks to borrow less but also to hold more risky assets. The reduction in funding risk clearly dominates for banks with high capital ratios but is exactly offset by the increase in portfolio risk for banks with low capital ratios. This suggests that while the levies have reduced the total risk of relatively safe banks, they have done nothing to curb the risk of relatively risky banks, which presumably pose the greatest threat to financial stability.
Year(s) Of Engagement Activity
 
Description Clemens Fuest : sanierung des haushalts durch kürzungen 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Clemens Fuest is interviewed in this radio broadcast (in German).
Year(s) Of Engagement Activity 2010
 
Description Clemens Fuest wettert gegen die Börsensteuer 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article on the proposed taxes and government of EU tax on financial transactions

Wirtshafts Woche
Year(s) Of Engagement Activity 2012
URL http://www.wiwo.de/politik/europa/finanztransaktionssteuer-clemens-fuest-wettert-gegen-die-boersenst...
 
Description Companies pay less tax on global profits 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Accountancy group UHY Hacker Young says the total global taxes paid by the average FTSE100 company fell to 24.5 per cent of its global profits in 2012. Professor Mike Devereux, Centre for Business Taxation suggested instead that the tax treatment of losses that companies racked up during the crisis might have played an important role in any fall in the share of profits paid in taxes.

The Financial Times
Year(s) Of Engagement Activity 2013
URL http://www.ft.com/cms/s/0/72f4075e-5d97-11e2-a54d-00144feab49a.html#axzz2IL6Gn4JG
 
Description Cooperative compliance: the UK experience 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation given by Dr John Vella, Senior Research Fellow at the Oxford University Centre for Business Taxation, as part of the panel session on, 'Improving business accountability and the move to cooperative compliance', at the Joint Executive Training Seminar between the Academy of Global Governance and the WU Global Tax Policy Center at the Institute for Austrian and International Tax Law, WU: 'Multilateralism and the Shift towards Global Tax Governance and Fiscal Transparency'. This event was held at the Vienna University of Economics and Business.
Year(s) Of Engagement Activity
 
Description Corporate tax posturing should stop 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Michael Devereux, Professor of Business Taxation at Oxford University, comments on government laws on corporate taxation arguing that there are clearly flaws in any regime that permits companies to shield high-value intangibles from tax: "The global tax regime is pretty arbitrary. If you started with a clean sheet of paper, you would not do it like this," he said.

The Financial Times
Year(s) Of Engagement Activity 2013
URL http://www.ft.com/cms/s/0/a3e73d20-6a2d-11e2-a7d2-00144feab49a.html#axzz2JTqlIEJE
 
Description Corporation tax 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact The UK tax bills of groups such as Starbucks, Google and Amazon have been much in the news. This is provoking debate in many quarters as to how the system might be fixed - if indeed it needs fixing. Professor Michael Devereux discusses how corporation tax might develop, starting with some basic principles (on what principles should the tax base be allocated); looks at some alternatives (e.g. is taxing profit a good idea; what about withholding taxes on dividends or other routes); and talks about transitional issues and other constraints on change. This meeting of the Addington Society took place at 6.15 PM on Wednesday 27th February 2013 in the Shaw Library, London School of Economics, Houghton Street, London. WC2 2AE. The topic of the meeting was Corporation Tax; the discussion was lead by Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation.

This meeting of the Addington Society took place at 6.15 PM on Wednesday 27th February 2013 in the Shaw Library, London School of Economics, Houghton Street, London. WC2 2AE. The topic of the meeting was Corporation Tax; the discussion was lead by Profess
Year(s) Of Engagement Activity 2013
 
Description Corporation tax : domestic and international issues 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Short course teaching at HM Tresury and HMRC
Year(s) Of Engagement Activity
 
Description Corporation tax in the United Kingdom 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact HM Treasury and HMRC seminar
Year(s) Of Engagement Activity
 
Description Critical analysis of the policy objectives of the FTT proposal 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation given as part of a seminar on the Commission's Proposal for a Financial Transaction Tax presented by The ATOZ Chair for European and International Taxation. The seminar explains the proposed FTT and its mechanisms and analyze whether the FTT's policy goals can actually be achieved through the proposed directive. It explores the differences between the French FTT and the Commission's proposal and present some initial experiences with the FTT. The seminar also reflects on the effects Luxembourg financial institutions and funds can expect to endure if an FTT is introduced in Luxembourg, as well as provide a brief look into the potential consequences Luxembourg may face if surrounded by countries implementing an FTT.
Year(s) Of Engagement Activity
 
Description Debt and equity under UK tax law 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact UCL Faculty of Laws seminar
Year(s) Of Engagement Activity
 
Description Designing a General Anti-avoidance Rule 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Seminar presented by Professor Judith Freedman, Professor of Taxation Law at the Oxford University Faculty of Law and Director of Legal Research at the Oxford University Centre for Business Taxation.
Year(s) Of Engagement Activity 2013
 
Description Developing a general anti-avoidance policy: striking a balance 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Lecture presented by Professor Judith Freedman, Professor of Taxation Law at the Oxford University Faculty of Law and Director of Legal Research at the Oxford University Centre for Business Taxation, as part of the IBFD Tax Lecture Series.
Year(s) Of Engagement Activity 2013
 
Description Devereux, M. Are we heading towards a corporate tax system fit for the 21st century? Japan Institute of Public Finance (JIPF) Annual Congress, Chukyo University, Nagoya, Japan. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact The presentation generated questions and discussion.

Unknown
Year(s) Of Engagement Activity 2014
 
Description Devereux, M.P. Are we heading towards a corporation tax system fit for the 21st century? HM Treasury Tax Seminar, London, UK. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact The presentation generated questions and discussion.

Unknown
Year(s) Of Engagement Activity 2014
 
Description Devereux, M.P., Johannesen N. and Vella, J. Can taxes tame the banks? Evidence from European bank levies. FAME Seminar, Saïd Business School, University of Oxford, UK. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact The presentation generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Die Welt beneidet uns 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article about the German economy.

Die Zeit
Year(s) Of Engagement Activity 2012
URL http://www.zeit.de/2012/13/Streitgespraech-Fuest-Ruerup
 
Description Do Governments respond to agglomeration economies? Evidence from regional grants in Great Britain 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar on the topic of: Do Governments respond to agglomeration economies? Evidence from regional grants in Great Britain
Year(s) Of Engagement Activity
 
Description Do Governments take account of agglomeration economies? Evidence from regional grants in Great Britain 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar examining the topic, 'Do Governments take account of agglomeration economies? Evidence from regional grants in Great Britain'.
Year(s) Of Engagement Activity
 
Description Do governments respond to agglomeration economies? Evidence from regional grants in Great Britain 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar given by Dr Helen Simpson on 'Do governments respond to agglomeration economies? Evidence from regional grants in Great Britain' as part of the Spatial Economics Research Centre's Urban and Regional Economics Seminar Series.
Year(s) Of Engagement Activity
 
Description Do taxes distort investment choices? : evidence from Industry-level data 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Centre for Business Taxation seminar
Year(s) Of Engagement Activity
 
Description Dr John Vella gives evidence before the House of Lords EU Sub-Committee A (Economic and Financial Affairs) on the EU Commission's proposal to introduce a Financial Transaction Tax (FTT) through the Enhanced Cooperation Procedure 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Dr John Vella gave evidence before the House of Lords EU Sub-Committee A (Economic and Financial Affairs) on the EU Commission's proposal to introduce a Financial Transaction Tax (FTT) through the Enhanced Cooperation Procedure.



Dr Vella argued that the introduction of the FTT as proposed by the Commission was not a good idea. The criticism levelled at the proposal for an FTT put forward by the Commission in 2011 stood. Some of the proposed tax's objectives were not justified and, in any event, there were better instruments to achieve them.



Dr Vella also pointed out that despite being introduced by only 11 Member States the tax would have consequences for other Member States, like the UK, who were not introducing the tax. Some consequences could be positive but others would certainly be negative. He argued that the Commission should have explored the consequences for these non-participating Member States more fully.
Year(s) Of Engagement Activity 2013
URL http://www.parliamentlive.tv/Main/Player.aspx?meetingId=12905; http://www.parliament.uk/documents/lo...
 
Description EU VAT exemptions: consequences and design alternatives 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A guest presentation given by Professor Rita de la Feria, a programme director at the Oxford University Centre for Business Taxation, at the Dutch Ministry of Finance based on an existing published paper (R. de la Feria and R. Krever, "Ending VAT exemptions: towards a post-modern VAT" in R. de la Feria (ed.), VAT Exemptions: Consequences and Design Alternatives (The Hague: Kluwer Law International, 2013).

Section not completed
Year(s) Of Engagement Activity 2014
 
Description Effects of business rates on business location decisions and employment 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Professional Practitioners
Results and Impact Presentation in Cardiff to Business Rate Policy Review Panel regarding the way businesses behave when there is an increase or decrease in business rates - whether they re-locate, or exit, or indeed whether changes in rates are passed on in rent.

Section not completed
Year(s) Of Engagement Activity 2011
 
Description Effetto Finanziaria : Glaxo torna a Londra 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Discusses GSK returning to Britain as a result of financial environment.

Il Sole 24 Ore
Year(s) Of Engagement Activity 2012
URL http://www.ilsole24ore.com/art/notizie/2012-03-23/effetto-finanziaria-glaxo-torna-064829.shtml?uuid=...
 
Description Ein sparkurs in Deutschland ist wichtig für den Euro 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Clemens Fuest is interviewed in this radio broadcast (in German).
Year(s) Of Engagement Activity 2010
 
Description Eine Fiskalunion wäre irrsinnig 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article covering the Euro-zone crisis, including comment by Professory Clemens Fuest.

Wirtschafts Woche
Year(s) Of Engagement Activity 2013
URL http://www.wiwo.de/politik/europa/soros-fuest-und-co-eine-fiskalunion-waere-irrsinnig/6658906.html?s...
 
Description Employment policies in family-managed firms 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Oxford University - Economics Department, Postdoc Seminar
Year(s) Of Engagement Activity
 
Description Employment policies in family-managed firms 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Law and Finance Workshop
Year(s) Of Engagement Activity
 
Description Employment policies in family-managed firms 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Oxford University - Centre for Business Taxation, Taxation Seminar
Year(s) Of Engagement Activity
 
Description Employment policies in family-managed firms 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact London School of Economics - CEP, Innovation and Capabilities
Year(s) Of Engagement Activity
 
Description Euro zone rescuer Draghi faces daunting 2013 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Clemens Fuest, Research Director at Oxford University's Said Business School and an adviser to the German Finance Ministry, explained that Draghi's vow to "do whatever it takes" to save the euro and the development of his plan came at a time when Berlin was under intense pressure to hold the bloc together.

Hellenic Shipping News Worldwide
Year(s) Of Engagement Activity 2013
URL http://www.hellenicshippingnews.com/News.aspx?ElementID=72317f01-2f63-466c-8128-8e65e6297a21
 
Description Europe Cracks Down on Google, Apple, Facebook and the Data-Driven Tax Black Hole 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article on the European Commission's new Expert Group on Taxation of the Digital Economy. The group is chaired by Vítor Gaspar, former finance minister of Portugal, and brings together six further experts from across Europe with different backgrounds and expertise relevant to the subject, including Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation.

International Business Times
Year(s) Of Engagement Activity 2013
URL http://www.ibtimes.co.uk/articles/529601/20131212/tax-internet-ec-oecd-google-facebook-apple.htm
 
Description European nations face tax base dilemma 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article looking at corporation tax rates across Europe includes comment from Professor Michael Devereux, Director of the Centre for Business Taxation at Oxford University. There is no evidence that countries like Ireland or the Netherlands are breaking international tax rules, says Professor Devereux, adding that countries are free to design their tax systems as they see fit.

Oman Tribune
Year(s) Of Engagement Activity 2013
URL http://www.omantribune.com/index.php?page=news&id=138309
 
Description Eurozone crisis 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Clemens Fuest in an online radio interview with Ute Welty maintains that the controversial financial transaction tax in the EU is not an appropriate means to prevent future financial crises.
Year(s) Of Engagement Activity 2012
 
Description Evaluating neutrality properties of corporate tax reforms 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Economics seminar
Year(s) Of Engagement Activity
 
Description Evaluating neutrality properties of corporate tax reforms 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Economics seminar
Year(s) Of Engagement Activity
 
Description Evasion and avoidance in EU VAT 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Presented at Faculty of Law, University of Münster, Germany
Year(s) Of Engagement Activity 2012
 
Description Evasion and avoidance in EU VAT 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Lecture given as part of the 'Summer Course VAT: The Advanced Course' (24th to 26th July) run by the Institute of Tax Law of the University of Muenster and the JurGrad gGmbH. The course focuses on selected topics of VAT in the European Union and discusses current issues in the field that are highly significant in practice. Subjects such as "Public Bodies and Charities", "VAT in the context of M&A" or "VAT Treatment of Groups" are explored in detail.
Year(s) Of Engagement Activity 2013
 
Description Evidence based policy making? The Commission's proposal for a FTT under enhanced cooperation. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact On 21 May 2013, Mendel University, Faculty of Business and Economics (Brno, Czech Republic) together with Vienna University of Economics, Institute for Austrian and International Tax Law (Wien, Austria) organized an exploratory workshop in Brno, as the starting point of the Research Project on the Introduction of the Financial Transaction Tax in the European Union through Enhanced Cooperation. This research project brings together researchers of different nationalities and backgrounds from, among others, University of Amsterdam (Amsterdam, the Netherlands), Catholic University of Piacenza (Piacenza, Italy), Complutense University (Madrid, Spain), IBFD (Amsterdam, the Netherlands), Oxford University Centre for Business Taxation (Oxford, the United Kingdom), Mendel University (Brno, Czech Republic), University of Salerno (Salerno, Italy) and WU Vienna (Vienna, Austria). The structure of the conference was divided into two main parts; the morning session comprising the opening presentation followed by four keynote input statements on critical issues, with discussion sessions in between, and the afternoon session, which was concentrated on five parallel workshops, followed by the concluding remarks.
Year(s) Of Engagement Activity
 
Description Evidence-based policy making? The Commission's proposal for an FTT under Enhanced Cooperation. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation given at AHRC FinCris 'Taxing Banks Fairly' Workshop on 'Evidence-based policy making? The Commission's proposal for an FTT under Enhanced Cooperation'.
Year(s) Of Engagement Activity
 
Description Expert Group on Taxing the Digital Economy 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article on the European Commission announcing the members of high level expert group for the improvement of taxing the digital economy. Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation, has been appointed as a member of this expert group. The task of the group will be to identify improvements in the current way of taxing the digital economy in the EU, weighing up both the benefits and risks of various approaches. Its focus will be on identifying the key problems with taxing the digital economy from an EU perspective, and presenting a range of possible solutions.

New Europe
Year(s) Of Engagement Activity 2013
URL http://www.neurope.eu/article/expert-group-taxing-digital-economy
 
Description Expert calls for law change to close tax loophole 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Companies should be legally bound to pay corporation tax in the countries where their customers are located, according to Rita de la Feria, Professor of Tax Law at Durham University Law School and Programme Director at the Oxford University Centre for Business Taxation. Professor de la Feria said a destination-based corporate tax system was the fairest way of ensuring that major organisations could not use the current tax system to avoid paying corporation tax.

The Northern Echo
Year(s) Of Engagement Activity 2013
 
Description FAD Workshop on Spillovers in International Taxation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Professor Michael Devereux, Centre Director of the Centre for Business Taxation, introduced the panel session discussion on 'Other issues in the international architecture' at the FAD Workshop on Spillovers in International Taxation and participated in the other panel discussions on 'Spillovers and Macro Relevance', 'Territorial versus Worldwide', 'Tax Treaties', 'Arms-Length Pricing', 'Unitary Taxation'.
Year(s) Of Engagement Activity
 
Description Fanciful thoughts on corporation tax and the wealthy 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Michael Devereux, Director, Oxford University Centre for Business Taxation, responds to a letter that was critical of the article by him on 4th December on corporation tax. "I believe others who produce work on business taxation funded by pressure groups and others should submit their work to the same level of scrutiny".

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/343889fa-43a1-11e2-a48c-00144feabdc0.html#axzz2EpTVBJPh
 
Description Financial sector taxation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Guest seminar given by Dr John Vella, Senior Research Fellow at the Oxford University Centre for Business Taxation, on the subject of 'Financial sector Taxation' at the UCL Faculty of Laws.
Year(s) Of Engagement Activity
 
Description Financial sector taxation in the aftermath of the crisis 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses the effect of the financial crisis on taxation.
Year(s) Of Engagement Activity
 
Description Financial sector taxation in the aftermath of the crisis 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses the effect of the financial crisis on taxation.
Year(s) Of Engagement Activity
 
Description Financial transaction taxes 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact John Vella speaks about financial transaction taxes at a workshop co-organised by Bruegel and the Fiscal Affairs Department (FAD) of the International Monetary Fund.

Building on the IMF's report at the 2010 Toronto G20, Summit Heads of States agreed that "the financial sector should make a fair and substantial contribution towards paying for any burdens associated with government interventions, where they occur, to repair the financial system or fund resolution." The workshop takes stock of the actions taken since the onset of the crisis, to revisit the debate on various financial sector taxes and to assess the challenges ahead.
Year(s) Of Engagement Activity
 
Description Firm size distortions and the productivity distribution : evidence from France 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar discussing evidence from France concerning firm size distortions and the productivity distribution
Year(s) Of Engagement Activity
 
Description Firms attack EU finance tax 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact THE EU'S financial transaction tax (FTT) is based on false claims that much market activity has no value, a top business group said yesterday. The Confederation of British Industry (CBI) told a committee of Lords that the European Commission has underestimated the damage its FTT will cause.



Dr John Vella, a senior research fellow at the Oxford University Centre for Business Taxation, said an FTT in 11 countries risks undermining plans for a global tax by pushing market activity to untaxed countries, building up opposition to the tax there.

City A.M.
Year(s) Of Engagement Activity 2013
URL http://www.cityam.com/article/firms-attack-eu-finance-tax
 
Description Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the distribution of income as well as their impact on automatic fiscal stabilisers. We find that replacing one third of the national tax and transfer systems by a European system would lead to significant redistributive effects both within and across countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU system would improve fiscal stabilisation especially in credit constrained countries. It would absorb between 10 and 15 per cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute revenues from high to low income countries. The stabilisation properties of this system, however, are ambiguous. This suggests that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone.
Year(s) Of Engagement Activity
 
Description Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the distribution of income as well as their impact on automatic fiscal stabilisers. We find that replacing one third of the national tax and transfer systems by a European system would lead to significant redistributive effects both within and across countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU system would improve fiscal stabilisation especially in credit constrained countries. It would absorb between 10 and 15 per cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute revenues from high to low income countries. The stabilisation properties of this system, however, are ambiguous. This suggests that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone.
Year(s) Of Engagement Activity
 
Description For a place in the boardroom, head to the clubhouse 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact A survey of 1,700 blue chip companies found the old adage "it's not what you know but who you know" is true - with social links playing a vital part in senior corporate appointments.

The Telegraph
Year(s) Of Engagement Activity 2012
URL http://www.telegraph.co.uk/news/9506502/For-a-place-in-the-boardroom-head-to-the-clubhouse.html#
 
Description Freedman J., Tax reform and simplification: a radical or pedestrian agenda? Instituteof Directors, Panel 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Opportunity ot use research in panel debate on tax reform
Year(s) Of Engagement Activity 2015
 
Description Freedman, J Cooperative compliance; the legal barriers Vienna University of Economic and Business 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Opportunity to discuss research with international peers
Year(s) Of Engagement Activity 2015
 
Description Freedman, J and Vella, J Cooperative compliance and the litigation and settlement strategy; results from a survey Societyof Legal Scholars, York 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Presentation of findings to peers
Year(s) Of Engagement Activity 2015
 
Description Freedman, J the abuse of avoidance: an analysis of the concept of tax avoidance, University of Florida Policy Colloquium 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Presentation of paper to US audience and oportunity to discuss findings
Year(s) Of Engagement Activity 2015
 
Description Freedman, J. Complex institutions for a complex tax system: the organisational approach to managing tax complexity and uncertainty. Tax System Complexity Symposium, Monash University, Prato, Italy. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The presentation generated questions and discussion.

Unknown
Year(s) Of Engagement Activity 2014
 
Description Freedman, J. General Anti-Avoidance Rules (GAARs) - Experience of the UK in introducing a statutory anti-abuse rule. Japan Tax Institute Seminar, Keidanren Kaikan, Tokyo. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact The presentation generated questions and discussion.

Unknown
Year(s) Of Engagement Activity 2014
 
Description Freedman, J. Is the international tax system broken? Oxford Academics in Japan Lecture, Tokyo, Japan. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact The presentation generated questions and discussion.

Unknown
Year(s) Of Engagement Activity 2014
URL http://oxfordujapan.org/tax/
 
Description Freedman,j and Vella, J, Taxpayer behaviour and the law: an analysis of the concept of tax avoidance - HMRC 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Presented finding to HRMC staff as part of the HMRC bahaviour Change Knowledge Network
Year(s) Of Engagement Activity 2015
 
Description General anti-avoidance provisions : questioning some assumptions 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presented at a HM Revenue & Customs workshop.
Year(s) Of Engagement Activity
 
Description Geographic proximity and firm-university innovation linkages : evidence from Great Britain 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact We investigate evidence for spatially mediated knowledge transfer from university research. We examine whether firms locate their R&D labs in proximity to university research departments, and whether those that do are more likely to co-operate with, or source information from universities in the course of their innovative activities. We find evidence that pharmaceutical firms locate their R&D facilities near to frontier chemistry research departments, consistent with accessing localised knowledge spillovers, but also linked to the presence of science parks. In industries such as chemicals and vehicles there is less evidence of immediate co-location with universities, but those innovative firms that do locate near to relevant research departments are more likely to engage with universities.
Year(s) Of Engagement Activity
 
Description German court backs ESM bailout fund 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact The German constitutional court has dismissed attempts to block the European Stability Mechanism. Clemens Fuest comments on the decision: "The court has said clearly that responsibility for how this crisis is managed is with the governments. Its mandate is to intervene only when there is a constitutional problem."

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/23f69368-fcaf-11e1-9dd2-00144feabdc0.html#axzz26KkJUWbt
 
Description Glaxo va ouvrir sa première usine britannique en quarante ans 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Discusses GSK moving back to Britian because of economic climate.

Les Échos
Year(s) Of Engagement Activity 2012
URL http://www.lesechos.fr/entreprises-secteurs/grande-consommation/actu/0201966423813-glaxo-va-ouvrir-s...
 
Description Gute Miene zum bösen Spiel 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Best of a bad game: Interview with Clemens Fuest
Year(s) Of Engagement Activity 2011
 
Description HMRC's management of the UK tax system 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact University of New South Wales Staff Seminar
Year(s) Of Engagement Activity
 
Description Has the push for information exchange been effective? 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article reporting the Lisbon Conference 6-8 June 2012. Clemens and Katarzyna paper was presented.

Worldwide Tax Daily
Year(s) Of Engagement Activity 2012
 
Description How do taxes affect cross-border acquisitions? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses international acquisitions.
Year(s) Of Engagement Activity
 
Description How should financial intermediation be taxed 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Economics seminar
Year(s) Of Engagement Activity
 
Description How should financial intermediation be taxed 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Economics seminar
Year(s) Of Engagement Activity
 
Description How we can make global companies pay their fair share of tax 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Businesses should be assessed on where they make their sales, writes Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation.

The Financial Times
Year(s) Of Engagement Activity 2013
URL http://www.ft.com/cms/s/0/e9fc449c-c2f0-11e2-bbbd-00144feab7de.html#axzz2U3dDmYuT
 
Description How would EU corporate tax reform affect US investment in Europe? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact This paper examines the likely impact of a proposed formula apportionment system for corporation tax in the EU on the inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US multinationals and investigate whether effective tax rates in Europe of US companies differ from those of European companies. The proposal is for an optional system: we estimate the extent to which both European and US companies would be likely to choose it taking into account their existing structures and future investment incentives. The relative position of US and European companies depends crucially on the taxation of foreign passive income.
Year(s) Of Engagement Activity
 
Description Identification and estimation of Cobb-Douglas production parameters from micro data 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact We discuss identification problems that may be important for the estimation of Cobb-Douglas production function parameters from micro data, where identification relies on cross-section variation. In particular we highlight a problem for the estimation of parameters on quasi-fixed inputs that has not been discussed previously. Simulated production data suggests that this can be a relevant problem in samples with limited cross-section variation in input prices, and symmetric, quadratic adjustment costs. Richer variation in input prices would allow consistent estimation using the GMM procedure proposed by Blundell and Bond (2000), but would preclude the use of the estimator proposed by Olley and Pakes (1996).
Year(s) Of Engagement Activity
 
Description Il Lingotto e quella lunga coda per la City 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article on the British corporate tax system, which includes comment by Dr Giorgia Maffini, Researcher at the Oxford University Centre for Business Taxation.

Il Sole 24 Ore
Year(s) Of Engagement Activity 2013
URL http://www.ilsole24ore.com/art/finanza-e-mercati/2013-05-28/lingotto-quella-lunga-coda-064616.shtml?...
 
Description In Europe's tax race, it's the base, not the rate, that counts 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article looking at corporation tax rates across Europe includes comment from Professor Michael Devereux, Director of the Centre for Business Taxation at Oxford University. There is no evidence that countries like Ireland or the Netherlands are breaking international tax rules, says Professor Devereux, adding that countries are free to design their tax systems as they see fit.

South China Morning Post
Year(s) Of Engagement Activity 2013
URL http://www.scmp.com/business/economy/article/1153865/europes-tax-race-its-base-not-rate-counts
 
Description In tax race, it's the base, not the rate, that counts 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article looking at corporation tax rates across Europe includes comment from Professor Michael Devereux, Director of the Centre for Business Taxation at Oxford University.There is no evidence that countries like Ireland or the Netherlands are breaking international tax rules, says Professor Devereux, adding that countries are free to design their tax systems as they see fit.

Arab News
Year(s) Of Engagement Activity 2013
URL http://www.arabnews.com/tax-race-it%E2%80%99s-base-not-rate-counts
 
Description Income taxation and business incorporation : evidence from the early 20th century 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar discussing early 20th century business incorporation and income taxation
Year(s) Of Engagement Activity
 
Description Income taxes and business incorporation : evidence from the early 20th century 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact If the corporate income tax is set at a different rate from non-corporate income tax, it can play an important role in a firm's choice of organizational form. The impact and interdependency of income tax incentives are crucial factors to take into account when designing efficient tax policies. In this paper I exploit the substantial variation in income taxes across U.S. states in the early twentieth century to estimate these sensitivities. The potential endogeneity of state taxes is addressed using an IV approach. The results demonstrate that the relative taxation of corporate to personal income has a significant impact on the corporate share of economic activities. Raising the entrepreneur's tax cost of incorporation by 10% decreases the mean corporate share of economic activities by about 11-18%. In addition, higher personal tax rates may affect the share of corporate activities through tax evasion and tax progressivity.
Year(s) Of Engagement Activity
 
Description Insight : in Europe's tax race, it's the base, not the rate, that counts 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article looking at corporation tax rates across Europe, which includes comment from Professor Michael Devereux, Director of the Centre for Business Taxation at Oxford University.

International Business Times
Year(s) Of Engagement Activity 2013
URL http://www.ibtimes.co.uk/articles/436364/20130218/insight-in-europes-tax-race-its-the-base-not-the-r...
 
Description Insight : in Europe's tax race, it's the base, not the rate, that counts 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article looking at corporation tax rates across Europe includes comment from Professor Michael Devereux, Director of the Centre for Business Taxation at Oxford University.There is no evidence that countries like Ireland or the Netherlands are breaking international tax rules, says Professor Devereux, adding that countries are free to design their tax systems as they see fit.

Rocket News
Year(s) Of Engagement Activity 2013
URL http://www.rocketnews.com/2013/02/insight-in-europes-tax-race-its-the-base-not-the-rate-that-counts/
 
Description Insight : in Europe's tax race, it's the base, not the rate, that counts 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article looking at corporation tax rates across Europe includes comment from Professor Michael Devereux, Director of the Centre for Business Taxation at Oxford University.There is no evidence that countries like Ireland or the Netherlands are breaking international tax rules, says Professor Devereux, adding that countries are free to design their tax systems as they see fit.

GlobalPost
Year(s) Of Engagement Activity 2013
URL http://www.globalpost.com/dispatch/news/thomson-reuters/130218/insight-europes-tax-race-its-the-base...
 
Description International taxation and cross-border banking 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar discussing international taxation and cross-border banking
Year(s) Of Engagement Activity
 
Description Interpreting VAT Exemptions: The Inherent Paradox 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Professor Rita de la Feria examines "conflicts" with neutrality principle as part of a seminar organised by the Academy of European Law (ERA) providing tax law practitioners with an in-depth analysis of the landmark judgments of the Court of Justice of the European Union (CJEU) on the fundamentals of European VAT law.
Year(s) Of Engagement Activity
 
Description Investment extraterritoriality and dividend exemptions 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Presentation given by Dr Li Liu, Research Fellow at the Oxford University Centre for Business Taxation, on 'Investment extraterritoriality and dividend exemptions' at a business meeting of the European Tax Policy Forum (ETPF).

Section not completed
Year(s) Of Engagement Activity 2014
 
Description Investors brace for ECB rate setting today 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article on investors bracing themselves for the ECB rating setting meeting in Frankfurt after European Central Bank President Mario Draghi promised recently that he would do whatever it takes to preserve the euro.

Irish Independent
Year(s) Of Engagement Activity 2012
URL http://www.independent.ie/business/european/investors-brace-for-ecb-rate-setting-today-3187947.html
 
Description Irish Tax Regime is Fair, says OECD Director 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article on Ireland's tax regime, including remarks made by Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation, at Ireland's Department of Finance Tax and Economics Conference, 'Enabling a Growth Friendly Tax System', on 19th June 2013. Professor Devereux told the conference that he had predicted 20 years ago that international tax competition would see corporation tax rates fall to close to zero by now. He had been wrong, but the trajectory remained downwards.

The Irish Times
Year(s) Of Engagement Activity 2013
 
Description Krisenstaaten müssen sich weiter gesund schrumpfen 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article about the Euro Zone.

Handelsblatt
Year(s) Of Engagement Activity 2012
URL http://www.handelsblatt.com/meinung/gastbeitraege/euro-laender-krisenstaaten-muessen-sich-weiter-ges...
 
Description L'Irlanda cambia tutto, cioè nulla 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article in Il Sole 24 Ore about tax avoidance of US multinationals and related recent changes in the Irish tax code, including comment by Dr Giorgia Maffini, a Research Fellow at the Oxford University Centre for Business Taxation: "The mechanism is simple and is based on differences in national legislation. To be resident for tax purposes in Dublin, it is not enough that a company is registered in the commercial register, but it must be managed and controlled within the territory of the Republic of Ireland. In the U.S., it is sufficient to be incorporated there to be tax resident. Apple Operations International is registered in Ireland, but it is not managed and controlled in Dublin".

Il Sole 24 Ore
Year(s) Of Engagement Activity 2013
URL http://www.ilsole24ore.com/art/commenti-e-idee/2013-10-17/lirlanda-cambia-tutto-cioe-064112.shtml?uu...
 
Description Name and shame is no way to close tax loopholes 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Professor Michael P. Devereux comments the only long-term solution to tax loopholes is fundamental reform, not arbitrary naming and shaming, in response to claims made in the ft.com editorial, 'Starbucks and tax: public anger might better be directed at the system' (19 October 2012),

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/c70afb8e-194c-11e2-af4e-00144feabdc0.html#axzz2AfzAszEX
 
Description New approaches to tax avoidance and experiences with the UK GAAR 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation given by Professor Judith Freedman on 'New approaches to tax avoidance and experiences with the UK GAAR' at a seminar on 'Corporate Income Tax in a Small Open Economy' hosted by the Norwegian Tax Commission (Scheel Commission), Oslo, Norway.
Year(s) Of Engagement Activity
 
Description New bank taxes : why and what will be the effect? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact This paper analyses several options for the introduction of new taxes on the financial sector. It sets out possible objectives for such taxes, and in particular analyses the Financial Activities Tax (FAT) and the Financial Services Contribution (FSC). It compares the properties of the various forms of the FAT in terms of the revenue-raising potential while minimising distortions. The FSC may instead be seen as a mechanism to correct negative externalities created by the financial sector. To analyse this, the paper considers the origins of the recent financial crisis, and then considers the likely effects of the introduction of the FSC alongside existing

regulations.
Year(s) Of Engagement Activity
 
Description New taxes on the financial sector 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Participants in your research or patient groups
Results and Impact Part of Roundtable on Financial Sector Reform: Lessons from the City http://eureka.bodleian.ox.ac.uk/3972/

http://eureka.bodleian.ox.ac.uk/3972/
Year(s) Of Engagement Activity 2012
URL http://eureka.bodleian.ox.ac.uk/3972/
 
Description Non-Binding Coordination of Direct Tax Systems in the European Union 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation on direct tax coordination in the EU
Year(s) Of Engagement Activity
 
Description Osborne had little choice but to wield knife 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact The Chancellor faced a daunting task in his first Budget. he had to provide a credible path for reducing enormous government borrowing, to allocate spending cuts and tax rises fairly, while not letting his reforms affect economic growth. Continuing growth out of the recession is vital. Only higher growth will yield higher tax revenues, necessary to pay for the country's spending. In turn, growth depends on business investment.

Daily Mail
Year(s) Of Engagement Activity 2011
URL http://www.dailymail.co.uk/money/article-1289078/BUDGET-ANALYSIS-MICHAEL-DEVEREUX-Osborne-little-cho...
 
Description Oxford University Centre for Business Taxation : written evidence : response given by John Vella, Clemens Fuest and Tim Schmidt-Eisenlohr 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Gave evidence to the House of Lords EU Sub-Commmittee A (Economic and Financial Affairs and International Trade) on the proposed Financial Transaction Tax (FTT), 29th November 2011, following writing a paper which will appear in the British tax Review.
Year(s) Of Engagement Activity 2011
URL http://www.parliament.uk/documents/lords-committees/eu-sub-com-a/FinancialTransactionTax/WOSevidence...
 
Description Payment choice and international trade : theory and evidence from cross-country firm level data 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact When trading across borders, firms choose between different payment contracts. In particular, they need to decide whether payment takes place before or after delivery. Schmidt-Eisenlohr (2011) shows that this choice is relevant as it allows firms to trade off differences in financing costs and contract enforcement across countries and thereby has large effects on aggregate trade flows. This paper extends the model to allow for product complexity and uses data from the World Bank Enterprise Survey to test the main predictions. In line with the model, a larger share of international sales is paid after delivery (Open Account) if enforcement is weak and financing costs are low in the source country. The regressions confirm the prediction that contract choice in complex industries is more affected by enforcement, whereas contract choice in non-complex industries is more affected by financing costs.
Year(s) Of Engagement Activity
 
Description Payment choice and international trade : theory and evidence from cross-country firm level data 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact When trading across borders, firms choose between different payment contracts. In particular, they need to decide whether payment takes place before or after delivery. Schmidt-Eisenlohr (2011) shows that this choice is relevant as it allows firms to trade off differences in financing costs and contract enforcement across countries and thereby has large effects on aggregate trade flows. This paper extends the model to allow for product complexity and uses data from the World Bank Enterprise Survey to test the main predictions. In line with the model, a larger share of international sales is paid after delivery (Open Account) if enforcement is weak and financing costs are low in the source country. The regressions confirm the prediction that contract choice in complex industries is more affected by enforcement, whereas contract choice in non-complex industries is more affected by financing costs.
Year(s) Of Engagement Activity
 
Description Payment choice in international trade: theory and evidence from cross-country firm level data 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact When trading across borders, firms choose between different payment contracts. In particular, they need to decide whether payment takes place before or after delivery. Schmidt-Eisenlohr (2011) shows that this choice is relevant as it allows firms to trade off differences in financing costs and contract enforcement across countries and thereby has large effects on aggregate trade flows. This paper extends the model to allow for product complexity and uses data from the World Bank Enterprise Survey to test the main predictions. In line with the model, a larger share of international sales is paid after delivery (Open Account) if enforcement is weak and financing costs are low in the source country. The regressions confirm the prediction that contract choice in complex industries is more affected by enforcement, whereas contract choice in non-complex industries is more affected by financing costs.
Year(s) Of Engagement Activity
 
Description Place-based policies 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact HM Treasury Policy Presentation given by Dr Helen Simpson, a programme director at the Oxford University Centre for Business Taxation.

Section not completed
Year(s) Of Engagement Activity 2014
 
Description Policymakers have ignored important issues underlying taxation of financial sector, economist says 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article reporting Lisbon Conference 6-8 June 2012. Centre for Business Taxation researchers presented.

Worldwide Tax Daily
Year(s) Of Engagement Activity 2012
 
Description Professor Judith Freedman and Dr John Vella submit written evidence to the House of Lords Economic Affairs Committee (EAC) regarding their Inquiry into 'Taxing Corporations In A Global Economy: Is a New Approach Needed?'. 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact On 11th June 2013, Professor Judith Freedman and Dr John Vella submitted written evidence to the House of Lords Economic Affairs Committee (EAC) in relation to their Inquiry into 'Taxing Corporations In a Global Economy: Is a New Approach Needed?'.



This evidence refers to three papers produced by the Oxford University Centre for Business Taxation (OUCBT), which were produced following a commission by the National Audit Office to draw up an academic review of the Disclosure of Tax Avoidance Schemes regime (DOTAS) and the tax avoidance landscape. The academic review formed part of the evidence base behind the NAO's report: "Tax avoidance: tackling marketed avoidance schemes" (November 2012).



More information about the EAC, including evidence so far in the present inquiry can be found on its website http://www.parliament.uk/business/committees/committees-a-z/lords-select/economic-affairs-committee/
Year(s) Of Engagement Activity 2013
URL http://More information about the House of Lords Economic Affairs Committee (EAC), including evidenc...
 
Description Professor Judith Freedman and Professor Rita de la Feria give oral evidence before the House of Lords Economic Affairs Committee (EAC) regarding their Inquiry into 'Taxing Corporations In A Global Economy: Is a New Approach Needed?'. 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact On 11th June 2013, Professor Judith Freedman and Professor Rita de la Feria gave evidence before the House of Lords Economic Affairs Committee (EAC) on reforming the corporation tax system in relation to their Inquiry into 'Taxing Corporations In A Global Economy: Is a New Approach Needed?'.
Year(s) Of Engagement Activity 2013
URL http://An unrevised transcript of the oral evidence taken in public before the EAC in June can be fo...
 
Description Professor Judith Freedman gives oral evidence to the House of Lords Select Committee on Personal Service Companies 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Professor Judith Freedman gave oral evidence to the House of Lords Select Committee on Personal Service Companies on 2nd December 2013. The Select Committee on Personal Service Companies was appointed on 12th November 2013 to consider the consequences of the use of personal service companies for tax collection. The First Report of the Select Committee on Personal Service, published on 7th April, includes references to, and quotes from, Judith's evidence.
Year(s) Of Engagement Activity 2013
URL http://www.parliament.uk/business/committees/committees-a-z/lords-select/personal-service-companies/...
 
Description Professor Judith Freedman gives written and oral evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Professor Judith Freedman submitted written evidence (28th January) and gave oral evidence (27th January) to the House of Lords Economic Affairs Finance Bill Sub-Committee on the topics of partnership taxation and on approaches to tax law reform. The Sub-Committee has been appointed to consider aspects of the Finance Bill 2014 from the point of view of tax administration, clarification and simplification. The 2nd Report of the House of Lords Economic Affairs Committee Finance Bill Sub-Committee, published on 11th March, includes quotes from Judith's oral evidence on partnership tax and on tax policy making.
Year(s) Of Engagement Activity 2014
URL http://www.parliament.uk/business/committees/committees-a-z/lords-select/economic-affairs-finance-bi...
 
Description Professor Michael Devereux and Dr John Vella give evidence before the House of Lords EU Sub-Committee A on the EU Commission's proposal to introduce a Financial Transaction Tax (FTT) through the Enhanced Cooperation Procedure 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact On 16th January 2013, Professor Michael Devereux and Dr John Vella gave evidence before the Parliamentary Commission on Banking Standards (Panel on Tax, Audit and Accounting). The Commission is appointed by both Houses of Parliament to consider and report on: (i) professional standards and culture of the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting process and (ii) lessons to be learned about corporate governance, transparency and conflicts of interest, and their implications for regulation and for Government policy. It will also make recommendations for legislative and other action.



Michael and John gave evidence on the role of tax in relation to banking standards and culture. Amongst other things, they answered questions on the incentives provided by the tax system to banks in particular in relation to their capital structure, the role tax incentives played in the financial crisis, and tax avoidance by banks and possible methods to address it.
Year(s) Of Engagement Activity 2013
URL http://www.publications.parliament.uk/pa/jt201213/jtselect/jtpcbs/uc881-i/uc88101.htm
 
Description Professor Steve Bond gives oral evidence before the House of Lords Economic Affairs Committee (EAC) regarding their Inquiry into 'Taxing Corporations In A Global Economy: Is a New Approach Needed?'. 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact In April 2013, Professor Steve Bond gave evidence before the House of Lords Economic Affairs Committee (EAC) on reforming the corporation tax system in relation to their Inquiry into 'Taxing Corporations In A Global Economy: Is a New Approach Needed?'.
Year(s) Of Engagement Activity 2013
URL http://1st Report of Session 2013-14, 23 April 2013 http://www.parliament.uk/business/committees/...
 
Description Protection for sale(s) or support for export? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar given by Dr Simon Loretz on 'Protection for sale(s) or support for export?' as part of the Center of Public Economics' Colloquium (winterterm 2013/2014) Series.
Year(s) Of Engagement Activity
 
Description Recent Developments in EU VAT 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Lecture on recent developments in EU VAT delivered as part of IDEFF's 5th edition of the GREIT Lisbon Summer Course. This year's Course focuses on "RECENT DEVELOPMENTS ON EU TAX DIRECTIVES AND RELATED CROSS-BORDER REGIMES", to be held June 3-7, 2013.



The course is structured to foster debate among both lecturers and participants from different countries, enabling all participants to enter into a detailed analysis of the current tax topics under discussion in the European Union, and in the USA and Brazil. Topics selected are the following: Assessment of EU Tax Harmonization - Direct and Indirect taxes & New Trends; The CCCTB; The Mergers Directive;

The Mergers Directive - The Belgian Regime; The Mergers Directive - Discussion of Cases; Tax Regime on Restructuring of Companies under US Law; Cross-border Tax Issues in Brazilian Law; The Interest & Royalties Directive; The Savings Directive - Fundamentals; The Savings Directive - Selected Issues; The Mutual Assistance Directive- Main Features, Constraints and Challenges; The Mutual Assistance Directive and the International Standard on Exchange of Information; The Parent-Subsidiary Directive; The Relationship between EU Primary and Secondary Law: The Example of Taxes; Recent Developments on VAT.



The course will also comprise the analysis of case studies from case law dealing with the topics above mentioned.
Year(s) Of Engagement Activity 2013
 
Description Recent research by Oxford University Centre for Business Taxation 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Presents recent research undertaken by Oxford University Centre for Business Taxation

Section not completed
Year(s) Of Engagement Activity 2011
 
Description Reforming VAT rates structures in times of crisis 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Rita de la Feria examines the subject of reforming vat rates structures in times of crisis.
Year(s) Of Engagement Activity
 
Description SGI case : discussion 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact RoundTable E-Seminar
Year(s) Of Engagement Activity
 
Description Second HMRC - CBT Joint Workshop 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Researchers and analysts from the HMRC and the Oxford University Centre for Business Taxation present their current work on the taxation of UK businesses on topics, including: SME life_cycle analysis; new VAT standard rated share forecasting model; and large business panel surveys _ TOPs & LBPS.
Year(s) Of Engagement Activity 2013
 
Description Small business incorporation: the role of corporate taxation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation on small business incorporation: the role of corporate taxation
Year(s) Of Engagement Activity
 
Description Small business taxation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Dutch Finance Ministry seminar.
Year(s) Of Engagement Activity
 
Description Social networks in the boardroom 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation on 'Social networks in the boardroom' given by Dr Helen Simpson, a programme director at the Oxford University Centre for Business Taxation, at the Bristol-Bath Applied Micro Workshop.
Year(s) Of Engagement Activity
 
Description Societies hinge on people being seen as individuals 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Li Liu quoted for her work on the effect of changes in business taxation on the levels of company incorporation.

The Independent
Year(s) Of Engagement Activity 2012
URL http://www.independent.co.uk/opinion/commentators/hamish-mcrae/hamish-mcrae-societies-hinge-on-peopl...
 
Description Solms praises results of the Franco-German summit 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Hermann Otto Solms in an online radio interview with Jörg Degenhardt.



The Vice President of the German Bundestag, Hermann Otto Solms (FDP), praises the results of the Franco-German meeting on the debt crisis as the "sum positive" and rejects the introduction of euro bonds again.
Year(s) Of Engagement Activity 2011
 
Description Starbucks at risk of a roasting over tax 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact An article about the tax affairs of Starbucks includes comment from Professor Michael Devereux, director of Oxford University's Centre for Business Taxation who says tax arrangements detailed by Reuters would not, by themselves, account for the reported losses in recent years. "The extent to which this is aggressive is questionable."

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/5d74f634-19f1-11e2-a379-00144feabdc0.html#axzz2A1TcOzDu
 
Description Tackle tax avoiders 'or face unrest on streets' 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article about tax avoidance.

The Times
Year(s) Of Engagement Activity 2012
 
Description Tackling the tax avoiders 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Channel 4 News asks what is tax avoidance and are our laws to blame as the government says it will crack down on accountants who promote "aggressive" tax avoidance schemes.
Year(s) Of Engagement Activity 2012
 
Description Tax and fairness 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Michael Devereux discussing tax and fairness.
Year(s) Of Engagement Activity 2012
 
Description Tax avoidance by multinationals: what is the best response internationally and for small developing countries? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar presented at Oxfam House on the following issues: Tax avoidance by multinationals: what is the best response (a) internationally and (b) for small developing countries? How realistic is it for developing countries to raise substantially increased taxes from multinationals under any circumstances? How could they do it? Is naming and shaming MNCs useful, or do we need to focus on the tax system itself?
Year(s) Of Engagement Activity
 
Description Tax avoidance developments in the United Kingdom 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact The United Kingdom is undergoing a significant review of the law relating to tax avoidance. In December 2010, the UK Government appointed Graham Aaronson QC, supported by a Study Group to consider and report on the need for, and possible shape of, a general anti-avoidance rule (GAAR) in the UK.



The proposals for tax reform contained in the report by Graham Aaronson can be found at the HM Treasury website: General Anti-Avoidance Rule (GAAR).



This seminar discusses the problems posed by recent tax cases in the UK, the proposals for tax reform contained in the Graham Aaronson's report and the reaction to that report.



This discussion has significant relevance to New Zealand academics and practitioners because of the debate about the need for reform to our GAAR legislation. In previous forums (November 2011) here at the University of Auckland the tax avoidance working groups report "Improving the Operation of New Zealand's Tax Avoidance Laws" suggested reform. It is therefore extremely pertinent to examine and learn from the UK experience in designing a modern GAAR as we deal with legislation that received its last overhaul nearly 40 years ago.
Year(s) Of Engagement Activity
 
Description Tax havens and the economic perspective 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact This session will address the implications of tax havens and tax policies related to the existence of tax

havens for economic welfare in the rest of the world. Tax Havens are widely seen to be harmful for other

countries because they facilitate tax avoidance and evasion. However, recent economic research on tax

havens suggests that the role of tax havens for world welfare is more complicated. Some authors even argue

that, the existence of tax havens, paradoxically, makes it easier for other countries to tax mobile economic

activity. The session will also discuss the economic effect of tax policy measures directed at fighting tax

avoidance and evasion.
Year(s) Of Engagement Activity
 
Description Tax risk management 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Graduate and staff seminar, Jerusalem University
Year(s) Of Engagement Activity
 
Description Taxation and M&A investment 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact An exploration into M&A investment and taxation
Year(s) Of Engagement Activity
 
Description Taxing banks : the role of taxation in post-crisis bank regulation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses bank regulation
Year(s) Of Engagement Activity
 
Description Taxing banks : the role of taxation in post-crisis bank regulation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses bank regulation.
Year(s) Of Engagement Activity
 
Description Taxing banks after the crisis 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact European Tax Policy Forum meeting
Year(s) Of Engagement Activity
 
Description The CBT Group report on transparency in reporting financial data : country-by-country reporting 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Presentation based on CBT report on transparency in reporting financial data: country-by-country reporting. Delivered at Law Faculty Seminar, University of Melbourne
Year(s) Of Engagement Activity
 
Description The EU VAT treatment of public sector bodies: slowly moving in the right direction 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Academic Seminar on the VAT/GST Treatment of Public Bodies
Year(s) Of Engagement Activity
 
Description The Financial Transaction Tax Proposal under the Enhanced Cooperation Procedure: Selected Practical and Legal Issues 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The presentation examines the European Commission's Proposal for a Council Directive implementing a Financial Transaction Tax through the enhanced cooperation procedure published on February 14, 2013.
Year(s) Of Engagement Activity 2013
 
Description The GAAR and the taxing of democracy : expert comment 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Four leading tax experts, David Goldberg QC, Professor Judith Freedman, Ashley Greenbank of Macfarlanes and David Smith of International Power PLC, are interviewed for their views on the GAAR as part of a series of short podcasts by the Practical Law Company.
Year(s) Of Engagement Activity 2012
URL http://uk.practicallaw.com/1-521-5943?q=The+GAAR+and+the+taxing+of+democracy:+expert+comment
 
Description The Greek debt crisis 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Clemens Fuest comments on the Greek debt crisis.
Year(s) Of Engagement Activity 2011
URL http://folders.skai.gr/main/theme?id=251&locale=el
 
Description The allowance for corporate equity and the CCCTB : more efficient ways to tax corporate income? 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article reporting Lisbon Conference 6-8 June 2012. Centre for Business Taxation researchers presented papers.

Worldwide Tax Daily
Year(s) Of Engagement Activity 2012
 
Description The balance of competences between the United Kingdom and the European Union: Taxation 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact In July 2012, the government of the United Kingdom (UK) initiated the Balance of Competence Review, which aims at examining the impact of the UK's membership in the European Union (EU) on its national interests. The review covers several substantive areas of EU competence and is divided into four semesters. This submission has been written in response to the Call for Evidence in relation to tax matters, which was issued by the HM Treasury in November 2012 (Semester 1). The analysis draws attention to the problematic legal and practical issues in the division of competences between the EU and the UK in the field of taxation. It primarily focuses on direct taxation. However, many competence issues discussed in this evidence, such as those related to the procedural and substantive conditions defining the use of the enhanced cooperation procedure, apply equally in a wider tax policy context.
Year(s) Of Engagement Activity 2013
URL http://www.sbs.ox.ac.uk/centres/tax/Pages/Reports.aspx
 
Description The best reform of corporation tax would be its abolition 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Michael Devereux, director of the Centre for Business Taxation at Oxford University, writes on corporation tax and how to prevent tax avoidance by large multinational corporations.

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/cac9ebe8-3d5c-11e2-b8b2-00144feabdc0.html#axzz2E4czMiVg
 
Description The causal effect of bankruptcy law on the cost of finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar examining the causal effect of bankruptcy law on the cost of finance
Year(s) Of Engagement Activity
 
Description The causal effect of bankruptcy law on the cost of finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discussion on the causal effect of bankruptcy on the cost of finance
Year(s) Of Engagement Activity
 
Description The chancellor sets out to woo world's business 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Discussses budget's effect on UK competetiveness.

The Independent
Year(s) Of Engagement Activity 2012
URL http://www.independent.co.uk/news/business/analysis-and-features/the-chancellor-sets-out-to-woo-worl...
 
Description The constitutional role of the Court of Justice in the internal market post-harmonisation : tax exceptionalism or jurisprudential consistency? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact The paper critically examines the impact of the hierarchy of norms within the EU legal order, and its interaction with the pre-emption principle, on the constitutional function of the Court of Justice. The emphasis is placed on the limits set by the primacy of the Treaties to the pre-emptory effect of secondary EU law in fields of the internal market, which have been harmonised. The standards applied to the fundamental freedoms are contrasted to the Court's approach to the tax law area.
Year(s) Of Engagement Activity
URL http://www.law.ox.ac.uk/event=10948
 
Description The deep-pocket effect of internal capital markets 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Pisa Scuola Superiore Sant'Anna, Economics Seminar
Year(s) Of Engagement Activity
 
Description The end of VAT exemptions: towards a post-modern VAT 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact The theoretical and practical advantages of the VAT have led to its adoption in some form or another by most countries and by many hundreds of subnational administrations worldwide. However, nowhere is VAT found without exemptions. Exemptions are arguably the most controversial feature of VAT regimes. They constitute exceptions to the principle of VAT as a tax on consumption, undermine its fundamental logic, and compromise its efficiency and neutrality. In traditional VAT systems, like those in place in European countries, exemptions constitute a sizable portion of the potential tax base. Historical factors that led to the adoption of multiple exemptions in the traditional European VAT model were not present in most jurisdictions outside the EU and adopters of a modern VAT model were able to avoid these features of the traditional VAT, for the most part substantially limiting the number of exemptions. However, whilst the modern VAT model undoubtedly constitutes an improvement on the traditional VAT model, there is a clear realisation that modern VATs are not a complete panacea. Existing exemptions under modern VATs can still impose significant economic and administrative costs. Against this background, this paper questions the current existence of VAT exemptions. Are VAT exemptions desirable and/or unavoidable, or are alternative legal designs possible and/or necessary? And if alternative designs are available and required, which of these represents the best solution to doing away with exemptions? Thirty years since the first appearance of modern VATs on the world stage, this paper argues that it is time to consider a progression in tax design and move towards a post-modern VAT.
Year(s) Of Engagement Activity
 
Description The enhanced relationship 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact On 2 of October 2012, an additional seminar took place during the 66th Annual Congress. The seminar was dedicated to the works of the IFA's Ad Hoc Committee on the Enhanced Relationship and the launch of the Key Issue Report (Report) prepared by the Committee. The current members of the Committee are: Robert Couzin (Canada, Chair PSC), Sabine Dommes (Austria), Carol Dunahoo (United States), Machiel Lambooij (Netherlands, Chair of the Committee), Wlodzimierz Nykiel (Poland), Jonathan Schwarz (United Kingdom) and Manuel Tron_(Mexico, President of IFA) with the assistance of Kristine Ilstad (Norway, YIN Committee). The session was built around five main questions:

What is the Enhanced Relationship (ER)?

What are the potential benefits of ER?

What are the basic requirements for ER?

What are the limitations of ER?

What are the concerns about ER?
Year(s) Of Engagement Activity
 
Description The infringement procedure and its role in the elimination of fiscal barriers in the European Union 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar examining the infringement procedure and its role in the elimination of fiscal barriers in the European Union
Year(s) Of Engagement Activity
 
Description The international tax environment 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Tax Directors' Network seminar
Year(s) Of Engagement Activity
 
Description The proposed directive for a financial transaction tax: design and policy considerations 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Lecture given by Dr John Vella, Research Fellow at the Oxford University Centre for Business Taxation, as part of the 5th Greit Lisbon Summer Course: Recent Developments on EU Tax Directives and Related Cross-Border Regimes.
Year(s) Of Engagement Activity 2013
 
Description The route of tax policy making : the highways and the byways 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Inaugural Thought Leadership Lecture
Year(s) Of Engagement Activity 2011
URL http://www.asb.unsw.edu.au/schools/businesslawandtaxation/newsandevents/newsarchive/2011/Pages/Inaug...
 
Description The tax and regulation of banks 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Swiss Re seminar
Year(s) Of Engagement Activity
 
Description The taxation of foreign source income : an overview 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Max Planck Institute Workshop on Firm Heterogeneity and the Taxation of Foreign Profits
Year(s) Of Engagement Activity
 
Description The ties that bind: social networks and boardroom appointments 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact We examine whether social ties influence the careers of company executives. We analyse appointments to UK company boards, and exploit detailed data on executives' educational backgrounds, boardroom experience and affiliations to elite clubs. We find that social connections, through membership of private members clubs and golf clubs seem to play a role in appointments. For example, being a member of the same golf club as a current director is associated with an increased probability of appointment. Professional connections made through the boardroom also appear to matter. Educational connections through attending the same Oxford or Cambridge college, play less of a role than social connections, although these may influence social club memberships. Our findings imply that less reliance on elite social networks in recruitment will be necessary to increase boardroom diversity.
Year(s) Of Engagement Activity
 
Description Time for GMG to sell Auto Trader stake 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article rounding up financial news mentions Treasury measures to clamp down on corporate tax avoidance by multinational companies such as Amazon and notes comments by Michael Devereux from Oxford University.

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/445c5ff2-3d46-11e2-9e13-00144feabdc0.html#axzz2E4ZEJG5w
 
Description Today 17/06/13: Business news with Simon Jack 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Business news with Simon Jack on news that David Cameron has put an international agreement on clamping down on tax avoidance top of the agenda at the G8 summit. It comes following some staggering, though completely legal, revelations about the amount of taxes paid by international companies like Google, Apple, Amazon and Starbucks. Programme includes comment by Professor Judith Freedman, Director of Legal Research at the Oxford University Centre for Business Taxation. BBC Radio 4

Today 17/06/13: Business news with Simon Jack

http://www.bbc.co.uk/podcasts/series/today

BBC Radio 4

Today 17/06/13: Business news with Simon Jack

http://www.bbc.co.uk/podcasts/series/today
Year(s) Of Engagement Activity 2013
 
Description Tory MPs fear Starbucks tax 'precedent' 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact The unparalleled decision by Starbucks to volunteer £20m of cash to the taxman after a wave of public pressure has prompted unease among many Conservative MPs who fear it could set a dangerous precedent. Tax expert Judith Freedman, Professor of Taxation Law at Oxford University was said to be skeptical, describing the proposal as "totally incoherent".

The Financial Times
Year(s) Of Engagement Activity 2012
URL http://www.ft.com/cms/s/0/a9f3baf0-408d-11e2-8f90-00144feabdc0.html#axzz2EdXIcUs5
 
Description Towards a theory of trade finance 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity 2013
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses finance theory.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses finance theory.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses finance theory
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses finance theory
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses finance theory.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses finance theory.
Year(s) Of Engagement Activity
 
Description Towards a theory of trade finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Shipping goods internationally is risky and takes time. Therefore, trading partners not only have to agree on the specification and the price of a good, but also on the timing of payments. To allocate risk and to finance the time gap between production and sale, a range of different payment contracts is utilized, broadly classified into exporter finance (Open Account), importer finance (Cash in Advance) and bank finance (Letter of Credit). I study the optimal choice between these three types of payment contracts considering one shot transactions, repeated transactions and implications for trade. The equilibrium contract is determined by financial market characteristics and contracting environments in both the source and the destination country. Trade increases in enforcement probabilities and decreases in financing costs. The latter effect is the larger, the longer the time needed for trade. I use a panel of bilateral trade flows to test these predictions, running gravity regressions that include interaction terms between distance and financing costs. Results are in line with the model, highly significant and economically relevant.
Year(s) Of Engagement Activity
 
Description Tracking abuse of law in VAT : before and after Halifax 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Tax Law Seminar
Year(s) Of Engagement Activity
 
Description Trade credit and taxes 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar discussing trade credit and taxes
Year(s) Of Engagement Activity
 
Description Trade-offs in the design of taxes on corporate profit 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact This paper considers of the proposals of the Mirrlees (2011) review to introduce an allowance for corporate equity (ACE) in the corporation tax system. It assesses how an ACE would affect various dimensions of corporate decision making. Broadly, the ACE would introduce neutrality in decisions as to the scale of investment and the source of finance. But it would leave distortions to mutually exclusive discrete choices, such as location decisions, and to profit shifting decisions. The paper presents some evidence on the likely impact of introducing an ACE, which depends on the government makes up for foregone revenue for corporation tax. It also considers more radical options.
Year(s) Of Engagement Activity
 
Description Trade-offs in the design of taxes on corporate profit 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact This paper considers of the proposals of the Mirrlees (2011) review to introduce an allowance for corporate equity (ACE) in the corporation tax system. It assesses how an ACE would affect various dimensions of corporate decision making. Broadly, the ACE would introduce neutrality in decisions as to the scale of investment and the source of finance. But it would leave distortions to mutually exclusive discrete choices, such as location decisions, and to profit shifting decisions. The paper presents some evidence on the likely impact of introducing an ACE, which depends on the government makes up for foregone revenue for corporation tax. It also considers more radical options.

Section not completed
Year(s) Of Engagement Activity 2012
 
Description Transparency in tax reporting 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact OECD meeting
Year(s) Of Engagement Activity
 
Description Transparency, tax pressure, and access to finance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar examining the access to finance, with concentration on the issues of transparency and tax pressure.
Year(s) Of Engagement Activity
 
Description Treasury shifts away from bank levy's original aim 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Discusses change in policy at HM Treasury.

CFO world
Year(s) Of Engagement Activity 2012
URL http://www.cfoworld.co.uk/news/risk/3346699/treasury-shifts-away-from-bank-levys-original-aim/
 
Description UK budget : latest news and incentives (The Enterprise Investment Scheme) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Provides comment on the 2012 UK budget, including latest news and incentives
Year(s) Of Engagement Activity
 
Description VAT fraud 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar on recent developments in EU VAT Law given as part of training provided to Bulgarian judges at the Bulgarian National Institute of Justice, Sofia, Bulgaria.
Year(s) Of Engagement Activity
 
Description VAT fraud 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar on recent developments in EU VAT Law given as part of training provided to Bulgarian judges at the Bulgarian National Institute of Justice, Sofia, Bulgaria.
Year(s) Of Engagement Activity
 
Description Video: Politicians are urging HMRC to probe the internet search giant 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Google must be fully investigated over its "highly contrived" tax arrangements designed to avoid corporation tax on its multibillion-pound UK revenues, MPs have demanded. Sky's Ed Conway reports. Video includes interview with Professor Michael Devereux, Director of the Oxford University Centre for Business Taxation. http://news.sky.com/story/1102954/google-tax-investigation-urged-by-committee

http://news.sky.com/story/1102954/google-tax-investigation-urged-by-committee
Year(s) Of Engagement Activity 2013
URL http://news.sky.com/story/1102954/google-tax-investigation-urged-by-committee
 
Description Vodafone's tax plans might be of greater use than some think 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact The way that Vodafone pays capital gains tax following the sale of its stake in Verizon Wireless has amassed significant press interest. Michael Devereux, Director of the Oxford University Centre for Business Taxation, comments that the logic of applying capital gains tax to shares is not at all clear; he explains that since the share price is depressed by taking tax into account, capital gains tax is a form of double taxation.

London Evening Standard
Year(s) Of Engagement Activity 2013
URL http://www.standard.co.uk/business/markets/anthony-hilton-vodafones-tax-plans-might-be-of-greater-us...
 
Description Wages and international tax competition 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses effect of tax regime on wages.
Year(s) Of Engagement Activity
 
Description Wages and international tax competition 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses effect of tax regime on wages.
Year(s) Of Engagement Activity
 
Description Wages and international tax competition 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Discusses effect of tax regime on wages.
Year(s) Of Engagement Activity
 
Description Wages and international tax competition 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Firms generating larger surpluses on average pay higher wages. We study the effect of this rent-sharing between firms and workers on international tax competition. In our model, firms in a large country can shift surplus to a tax haven. In the benchmark case firms only have a tax incentive for profit shifting as shifted surplus is fully taken into account in the wage bargaining. In this case rent-sharing decreases the competitive pressure on the large country and leads to higher equilibrium tax rates. When workers do not observe the full surplus shifted, a wage incentive arises. Profit shifting then becomes more attractive as it reduces the surplus bargained over with workers. If this effect is sufficiently strong, rent-sharing increases the competitive pressure on the large country, which implies a lower equilibrium tax rate.
Year(s) Of Engagement Activity
 
Description Wages and international tax competition 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Firms generating larger surpluses on average pay higher wages. To account for this, we develop a tax competition model with rent_sharing between firms and workers. In our model, firms in a large country can shift profits to a tax haven to reduce their tax bill. Workers, who bargain with firm owners, can detect some but not the entire surplus shifted. Thus, profit shifting implies an additional gain for firms as it allows them to reduce their wage bill. We find that the introduction of rent_sharing reduces the own_tax elasticity of revenues of the large country, thereby reducing the competitive pressure on its tax setting. Whether this translates into a higher or lower equilibrium tax rate of the large country depends on the ability of workers to detect shifted profits. If this detection ability is strong, the equilibrium tax rate increases, if it is weak, the equilibrium tax rate decreases.
Year(s) Of Engagement Activity
 
Description What determines firm performance? : the role of demand and TFP shocks 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Primary Audience
Results and Impact Seminar discussing the role of demand and TFP shocks in determining firm performance
Year(s) Of Engagement Activity
 
Description Who Pays the Corporate Income Tax 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Economix article considering the question, "Who pays the corporate income tax?", which refers to research done by Li Liu and Rosanne Altshuler.

The New York Times
Year(s) Of Engagement Activity 2013
URL http://economix.blogs.nytimes.com/2013/02/19/who-pays-the-corporate-income-tax/
 
Description Why Starbucks pays no corporation tax 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact In a feature on Starbucks' tax affairs and other multinational companies, it is noted that research from Oxford University found that 81 per cent of all UK corporation tax is paid by the largest 1 per cent of companies, and that 15 per cent of multinationals pay no corporation tax on their UK operations, by legally moving their losses to high tax countries and their profits to low tax countries.
Year(s) Of Engagement Activity 2012
 
Description Written evidence submitted by Judith Freedman, Professor of Taxation Law, Oxford University and Director of Legal Research, University of Oxford Centre for Business Taxation (OUCBT) 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Professor Judith Freedman submitted evidence to the House of Lords Select Committee on Economic Affairs Finance Bill Sub-Committee in relation to its inquiry into the draft Finance Bill 2013. This evidence relates to the General Anti-Abuse Rule and refers to a paper on Tax Avoidance co-authored with Professor Michael Devereux and Dr John Vella.
Year(s) Of Engagement Activity 2013
URL http://www.sbs.ox.ac.uk/centres/tax/Documents/News/FBSC%20OUCBT%2028012013.pdf
 
Description Written evidence submitted by Professor Michael P. Devereux and Dr. John Vella (SH 031) 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact On 16th January 2013, Professor Michael Devereux and Dr John Vella gave evidence before the Parliamentary Commission on Banking Standards (Panel on Tax, Audit and Accounting). The Commission is appointed by both Houses of Parliament to consider and report on: (i) professional standards and culture of the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting process and (ii) lessons to be learned about corporate governance, transparency and conflicts of interest, and their implications for regulation and for Government policy. It will also make recommendations for legislative and other action.



Michael and John gave evidence on the role of tax in relation to banking standards and culture. Amongst other things, they answered questions on the incentives provided by the tax system to banks in particular in relation to their capital structure, the role tax incentives played in the financial crisis, and tax avoidance by banks and possible methods to address it.
Year(s) Of Engagement Activity 2013
URL http://www.publications.parliament.uk/pa/jt201213/jtselect/jtpcbs/writev/panelontax/m31.htm
 
Description de la Feria, R. A viable alternative to BEPS? Designing a destination-based corporate tax. IFA Luncheon Seminar, Asociación Argentina de Estudios Fiscales, Buenos Aires, Argentina. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Approximately 80 people paid to attend this lunch, where Professor Rita de la Feria was the keynote speaker. Most of those attending were senior members of practicing teams in law firms, consultancy firms, and multinationals, but there were also several members of the Argentinian tax administration. Professor de la Feria's presentation sparked various questions and discussion. She also had various email exchanges with people who had participated, thus cementing network contacts.

Not aware of any notable impact
Year(s) Of Engagement Activity 2014
URL http://www.aaef.org.ar/web/almuerzos.html
 
Description de la Feria, R. EU constitutional dynamics of VAT Reforms. Seminar on 'A Reforma dos Tributos Indiretos e a sua Função Social', Institute of São Paulo Lawyers (IASP) and the Faculty of Law, University of Sao Paulo, Sao Paulo, Brazil 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Approximately 60 people attended Professor Rita de la Feria's presentation, most of which were senior members of practicing teams in law firms, and multinationals; there were also Brazilian law academics. Professor de la Feria's presentation sparked various questions and discussion. She also had various email exchanges with people who had participated, thus cementing network contacts.

Not aware of any notable impacts
Year(s) Of Engagement Activity 2014
 
Description de la Feria, R. VAT on financial services. Münster Advanced Summer Course on VAT, Faculty of Law, University of Münster, Germany. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact Approximately 20 students attended this event. Students were either legal professionals, or doctoral students, from all over Europe.

Note aware of any notable impact
Year(s) Of Engagement Activity 2014
URL http://www.uni-muenster-llm.de/summer-courses-tax/value-added-tax.html