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) are sink-OFCs, which attract and retain foreign capital via low taxation and lenient regulation. Since my focus is also on the income distribution implications of public spending and tax decisions, I look at labour taxes for different types of earners

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in the 20th Century: The Ragnar Frish Centennial Symposium . Cambridge : Cambridge University Press , pp. 371 – 413 . Sohn , C.-H . ( 2002 ): Corporate Debt Resolution and the Role of Foreign Capital in the Post

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manufacturer Ikarus—were reduced to acting as subordinate suppliers within the electronics and automotive value chains that have expanded their operations into Hungary. On the other hand, in domestic service sectors, the involvement of foreign capital has made

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