Artikel
Multinational Financial Structure and Tax Competition
This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital-to-debt ratios. Under separate accounting, multinationals shift debt from low-tax to high-tax countries. The Nash equilibrium of the tax competition game is characterized by underprovision of publicly provided goods. Under formula apportionment, the country-specific capital-to-debt ratio of a multinational's affiliate is independent of the jurisdiction's tax rate. Public good provision is either too large or too small. However, there is clearly underprovision under formula apportionment if the debt externality is not negative.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 149 ; Year: 2013 ; Issue: 3 ; Pages: 381-404 ; Heidelberg: Springer
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
Business Taxes and Subsidies including sales and value-added (VAT)
Publicly Provided Private Goods
State and Local Government; Intergovernmental Relations: Interjurisdictional Differentials and Their Effects
- Thema
-
Multinational enterprises
financial policy
corporate taxation
tax competition
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wrede, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2013
- DOI
-
doi:10.1007/BF03399396
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Wrede, Matthias
- Springer
Entstanden
- 2013
Ähnliche Objekte (12)
Multinational capital structure and tax competition
Multinational capital structure and tax competition
Multinational Capital Structure and Tax Competition
The capital structure of multinational companies under tax competition
Sales tax competition and a multinational with a decreasing marginal cost
Sales tax competition and a multinational with a decreasing marginal cost
Administrative Structure and Inner-Metropolitan Tax Competition
Spatial Administrative Structure andIntra-Metropolitan Tax Competition
Tax planning and tax uncertainty for multinational firms
Regulatory Competition and Multi-national Banking
Tax competition and tax revenues
Tax competition and tax revenues
Multinational capital structure and tax competition
Multinational capital structure and tax competition
Multinational Capital Structure and Tax Competition
The capital structure of multinational companies under tax competition
Sales tax competition and a multinational with a decreasing marginal cost
Sales tax competition and a multinational with a decreasing marginal cost
Administrative Structure and Inner-Metropolitan Tax Competition
Spatial Administrative Structure andIntra-Metropolitan Tax Competition
Tax planning and tax uncertainty for multinational firms
Regulatory Competition and Multi-national Banking
Tax competition and tax revenues
Tax competition and tax revenues
Multinational capital structure and tax competition
Multinational capital structure and tax competition
Multinational Capital Structure and Tax Competition
The capital structure of multinational companies under tax competition
Sales tax competition and a multinational with a decreasing marginal cost
Sales tax competition and a multinational with a decreasing marginal cost
Administrative Structure and Inner-Metropolitan Tax Competition
Spatial Administrative Structure andIntra-Metropolitan Tax Competition
Tax planning and tax uncertainty for multinational firms
Regulatory Competition and Multi-national Banking
Tax competition and tax revenues