Benedikt Marian Maximilian Zoller-Rydzek


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Zoller-Rydzek

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Benedikt Marian Maximilian

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0000-0002-0809-8204

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Publications1 - 10 of 15
  • Estimating bargaining-related tax advantages of multinational firms
    Item type: Working Paper
    Egger, Peter H.; Strecker, Nora; Zoller-Rydzek, Benedikt Marian Maximilian (2018)
    CESifo Working Papers
  • Labor market effects of rising export competition in Turkey
    Item type: Other Conference Item
    Kaynak, Pinar; Egger, Peter; Zoller-Rydzek, Benedikt Marian Maximilian (2018)
  • Who is Paying for the Trade War with China?
    Item type: Other Publication
    Zoller-Rydzek, Benedikt Marian Maximilian; Felbermayr, Gabriel (2018)
    EconPol Policy Brief
  • Steuern auf Verhandlungsbasis
    Item type: Journal Article
    Egger, Peter H.; Strecker, Nora; Zoller-Rydzek, Benedikt Marian Maximilian (2019)
    KOF Analysen
    Die Verhandlungsmacht von multinationalen Unternehmen gegenüber Steuerbehörden ist grösser als die von Firmen, welche nur lokal in einem Land operieren. Dies hat zwei Gründe. Erstens sind multinationale Unternehmen im Durchschnitt grösser und profitabler als lokale Unternehmen und generieren daher absolut mehr Steuereinnahmen für die lokalen Steuerbehörden. Sollten also Unternehmen aufgrund einer zu hohen Steuerlast mit der Abwanderung drohen, ist der potenzielle Verlust der Steuerbehörden ungleich höher, was zu grösseren Zugeständnissen der Behörde zu führen scheint. Zweitens sind multinationale Unternehmen mobiler im Sinne geringerer Reallokationskosten relativ zu lokal operierenden Firmen. Da multinationale Firmen bereits einen Teil ihrer Produktion im Ausland haben, ist es für sie einfacher, ihre komplette Produktion auszulagern. Dies macht die Drohung der Abwanderung noch glaubhafter und erhöht ebenfalls die Verhandlungsmacht von multinationalen Unternehmen gegenüber den Steuerbehörden. Egger, Strecker und Zoller-Rydzek (2018) zeigen, dass diese beiden Faktoren zu einer signifikant niedrigeren Steuerbelastung von multinationalen relativ zu rein nationalen Unternehmen führen. Sie nutzen französische Unternehmensdaten und finden, dass multinationale Unternehmen im Durchschnitt eine mehr als 6 Prozentpunkte niedrigere effektive Gewinnsteuerlast haben als vergleichbare nationale Unternehmen. Ungefähr die Hälfte dieses Effektes lässt sich mit der höheren Mobilität erklären, die andere Hälfte geht auf die unterschiedliche Unternehmensgrösse zurück.
  • Decomposing the margins of transfer pricing
    Item type: Conference Paper
    Lassmann, Andrea; Zoller-Rydzek, Benedikt Marian Maximilian (2018)
  • Estimating bargaining-related tax advantages of multinational firms
    Item type: Working Paper
    Egger, Peter; Strecker, Nora; Zoller-Rydzek, Benedikt Marian Maximilian (2018)
    CEPR Discussion Papers
    The effective corporate profit tax rates (ETRs) of multinational enterprises (MNEs) differ from those of national enterprises (NEs). In this paper, we argue that the bargaining power of MNEs is an important factor in explaining these differences beyond profit shifting. First, larger and more profitable firms are more valuable for various reasons (in terms of absolute tax revenues, employment, etc.) for tax authorities. Thus, in threatening to move their operations to other jurisdictions, larger firms may be able to extract greater deductions. This potential bargaining advantage of larger firms may result in a regressive ETR schedule. As MNEs tend to be larger and more profitable than NEs, they may pay lower ETRs for merely size-related reasons. Second, MNEs face arguably lower costs to relocate their business (or profits) to foreign countries with a lower tax rate than NEs. This enhances their bargaining position even further when negotiating tax deductions. To quantify the importance of bargaining in the tax gap between MNEs and NEs, it is elemental to rigorously condition on the determinants of MNE status, profit taxation, as well as possible profit-shifting activities. To that end, we use French firm-level data and entropy balancing of the joint determinants of MNE status (including the possibility of profit shifting) and a firm's ETR. Empirically, we find that the empirical regressivity of the French tax schedule reduces French MNEs' ETRs by 2.52 percentage points on average due to their larger size, while the relocation threat of the same firms reduces their ETR by 3.58 percentage points relative to comparable NEs. The former is a tax advantage that any firm (MNE or NE) of the same size could obtain, while the latter is specific to MNEs and beyond the reach of NEs.
  • Estimating bargaining-related tax advantages of multinational firms
    Item type: Other Conference Item
    Zoller-Rydzek, Benedikt Marian Maximilian; Egger, Peter H.; Strecker, Nora (2019)
  • Capital taxation, investment, growth, and welfare
    Item type: Journal Article
    Bösenberg, Simon; Egger, Peter; Zoller-Rydzek, Benedikt Marian Maximilian (2017)
    International Tax and Public Finance
    This paper formulates a model of economic growth to study the effects of broad capital taxation (of profits, dividends, and capital gains) on macroeconomic outcomes in small open economies. A framework of exogenous growth permits modeling countries in transition to a country-specific steady state and to discern steady-state and transitory effects of shocks on economic outcomes. The chosen framework is amenable to structural estimation and, in view of the parsimony of the model, fits data on 79 countries over the period 1996–2011 well. The counterfactual analysis based on the estimated model suggests that capital-tax reductions induce positive effects on output and the capital stock (per unit of effective labor) that are economically significant and are accommodated within time windows of 5 years without much further economic response after that. The responses of economic aggregates are found to be relatively strongest to changes in corporate-profit-tax rates and weaker for dividend and capital-gains taxes.
  • Multinational and exporter wage premia: evidence from southeastern Europe and a panel multiple-treatments approach
    Item type: Journal Article
    Egger, Peter H.; Gunes, Pinar Kaynak; Zoller-Rydzek, Benedikt Marian Maximilian (2024)
    Empirical Economics
    We explore how the type of global market entry affects wage premia, classifying firms into four categories: domestic only, domestic exporters, non-exporting multinationals, and exporting multinational enterprises. Using firm-level panel data for Bosnia and Herzegovina, Croatia, and Slovenia for the years 2007-2017 and a multivariate endogenous treatment model based on the approach of Wooldridge (J Econom 68(1):115-132, 1995), we find that the multinational wage premia are mainly driven by the export status of multinational firms. Specifically, domestic exporters and exporting multinationals pay on average higher wages than non-exporting firms, whereas non-exporting multinationals tend to pay lower wages than domestic-only firms.
  • Wer bezahlt Trumps Handelskrieg mit China?
    Item type: Journal Article
    Zoller-Rydzek, Benedikt Marian Maximilian; Felbermayr, Gabriel (2018)
    ifo Schnelldienst
Publications1 - 10 of 15